Compliance officers target regional unity
The Bahamas Association of Compliance Officers (BACO) newly-installed executive team is aiming to foster regional unity to ensure the financial services industry meets global standards.“Regional cohesion and assisting the financial services sector in
Deal imminent to get BPL 'out of dark ages'
A Cabinet Minister yesterday confirmed that a deal for Nassau’s new power plant could be signed as early as next week to bring the energy sector “out of the dark ages”.Desmond Bannister, minister of works, told Tribune Business that the signing of a
Home insurance drop-off may 'get more extensive'
A Bahamian insurer yesterday branded its top rating as “a feather in the cap”, while expressing fears that under-insurance among homeowners may “get more extensive” via the VAT reforms.Anton Saunders, RoyalStar Assurance’s managing director, told Tri
Bahamas must 'get on board' following UK's marijuana bid
The UK’s decision to approve marijuana for medical use shows why The Bahamas must “get on board”, one advocate yesterday dismissing estimates pegging its economic impact at $5m as “jokey”.Terry Miller, chairman of the Bahamas Cannabis Research Instit
Less than 20% of suspicious deals passed to Police Force
Despite a 46 percent surge in suspicious transactions reports (STRs) in 2017, the Financial Intelligence Unit (FIU) passed less than one in five over to the police for further investigation.The FIU’s annual report, tabled in Parliament on Wednesday,
2,765 overtime hours but no payment due
A former Grand Bahama Power Company manager should have taken 2,765 overtime “in-lieu” hours before voluntarily resigning rather than suing for compensation two years later.The Court of Appeal, in a unanimous verdict written by Sir Hartman Longley, i
New Minister: Govt targetingPotter's Cay, Montague moves
A Cabinet minister yesterday said the government is eyeing a cost-effective “transformation” of both the Potter’s Cay Dock as well as the Montague Ramp.Michael Pintard, pictured, minister of agriculture and and marine resources, told Tribune Business
IAN FERGUSON: How you counter workplace cliques
Every company wants its employees to get along. After all, teamwork is an essential part of a company’s success. But sometimes groups of employees form cliques at work. When this happens, it is detrimental to employee morale and can lead to workplace
Contractors are warned: Govt deals 'not automatic'
A Cabinet minister has described enforcement of the Construction Contractor’s Act and e-procurement as two of the greatest challenges facing the construction industry.The electronic procurement process was recently launched by the Ministry of Finance
Over-the-Hill residents warned: Don't miss out
The deputy prime minister yesterday said residents in over-the-hill areas covered by Economic Empowerment Zone legislation will miss a “tremendous opportunity” if they did not capitalise on its benefits.KP Turnquest, pictured, while speaking in Parl
Vacation rentals avoid VAT embrace - for now
A Cabinet minister yesterday declined to specify a timeline for introducing VAT on Airbnb-type vacation rentals, as the government has yet to develop “a working mechanism” for its collection.
Baha Mar awaits Crystal Palace demolition nod
Baha Mar yesterday said it was still awaiting the necessary regulatory approvals to begin demolishing the former Crystal Palace resort and casino, although its target dates have not altered.Robert Sands, the $4.2bn development’s senior vice-president
Auditor General finds 'gross manipulation' of public monies
Central and local government agencies on Grand Bahama have been given until August 7 to explain how they will address weaknesses that, in one case, led to public monies being “grossly manipulated”.Reports by Terrance Bastian, the Auditor-General, int
Public Treasury staff 'burnt out, at their limits'
Public Treasury staff were “burnt out and stretched to their limits” in 2014, with the Treasurer warning that “increased absenteeism” was worsening personnel and skill shortages. Eugenia Cartwright’s blunt concerns were only revealed yesterday - almo
Post Office's woes solved by year-end
THE Post Office’s woes should be resolved by year-end, a Cabinet minister forecast yesterday, while admitting that the site for its proposed relocation requires renovations “above and beyond” what was expected.Renward Wells, minister of transport and
