Bahamas developers blast OECD's 'cynical' targeting
Bahamas-based developers have blasted the OECD’s “cynical” attempt to ““de-legitimise” this nation’s key investment product by suggesting it threatens the global fight against tax evasion. The newly-formed Bahamas Developers Association (BDA), in a r
Moody's boost for Gov'ts 'credibility'
Moody's yesterday delivered a major boost for the Government by hailing the launch of its quarterly fiscal reports as a move that will help regain lost "policy credibility". The international credit rating agency, in an update to the capital markets
Aliv targets summer 2019 'break even'
Aliv is targeting an operating income “break even” position by summer 2019 as it transitions from start-up losses that totalled more than $109m during its first two years.Damian Blackburn, the mobile operator’s top executive, told Tribune Business ye
Cable pushes $97m debt repay to 2020
Cable Bahamas has secured a two-year extension for repaying $97.169m of debt that was falling due, and which had caused current liabilities to exceed assets by 95.6 percent.The BISX-listed communications provider, in its just-released annual report,
Bahamas already breaches WTO industry 'carve outs'
The Bahamas has already breached the local ownership exemptions it is seeking for certain industries, the country’s chief World Trade Organisation (WTO) negotiator said yesterday.Zhivargo Laing, the former Cabinet minister, told the the Rotary Club o
Bran's business ease 'nightmare' over licence woe
The DNA’s ex-leader yesterday blasted that his ongoing two-and-a-half year wait for an aviation charter licence proves “doing business in The Bahamas is a nightmare”. Branville McCartney, pictured, told Tribune Business that he “lives every day” what
Bahamian key 'architect' on African digital venture
A Bahamian is one of the main “architects” behind a digital network that has attracted Caribbean backing in its bid to open commerce throughout Africa.The African Digital Asset Framework (ADAF), built by a team from Africa, North America and the Cari
IAN FERGUSON: Putting multiple jobs under the 'moonlight'
“Moonlighting” has become a mainstay for many Bahamian workers, who enjoy the benefits of receiving two or three salaries at any given time. With all the talk about multiple streams of income, the increase in taxation and the mounting pressure to ear
Business easier in Gaza than Bahamas
The deputy prime minister yesterday pledged “drastic improvement” after the World Bank concluded it was easier to do business in the war-torn West Bank and Gaza Strip than The Bahamas.KP Turnquest, pictured, told Tribune Business that planned reforms
Over 25% of BOB's loans still delinquent
More than one-quarter of the Bank of The Bahamas net loan portfolio was delinquent at end-June 2018 despite the prior year’s bail-out, with its financials unable to escape a “going concern” warning.KPMG, the BISX-listed institution’s external auditor
Insurers: NHI's $1k cost a 'gross underestimate'
Bahamian insurers yesterday warned that the $1,000 annual premium for National Health Insurance’s (NHI) basic package may “grossly underestimate” the true cost of the scheme’s benefits.The Bahamas Insurance Association (BIA), releasing the industry’s
Chamber chief: World Bank ignored 'ease of business' upgrades
The Chamber of Commerce’s chairman yesterday said he was “personally frustrated” that the World Bank had ignored evidence of improvements in The Bahamas’ cross-border trade regime.Michael Maura, pictured, saying he was “disappointed” that much “real
Insurers: NHI launch deadline 'not feasible'
Bahamian insurers yesterday warned that the Government’s April-July 2019 target for launching National Health Insurance’s (NHI) basic care package “is unrealistic and not feasible”.The Bahamas Insurance Association (BIA), unveiling its “position pape
Bahamas First acquires two more agent/brokers
Bahamas First yesterday signalled the continuation of its long-running expansion strategy by confirming the acquisition of two more agent/broker portfolios.The property and casualty insurer, in a statement, disclosed that it has reached an agreement
Bahamian marinas in membership deal
The Association of Bahamas Marinas (ABM) has unveiled an initiative to drive increased boating traffic to this nation through the provision of exclusive benefits.In partnership with Marinalife it has launched Voyager, a membership programme that offe
