'Useless' BISX claim 'vehemently rejected'
A BISX-listed company has sprung to the stock exchange’s defence by “vehemently rejecting” charges it is “useless”, saying: “We are living proof that the system can work.”Julian Brown, Benchmark (Bahamas) president and chief executive, told Tribune B
Govt ‘won’t stand by’ on water supply threat
The Government “will not stand by” and allow Nassau’s water supply to be disrupted by debts owed to the Water & Sewerage Corporation’s main supplier, its executive chairman has pledged.
BAIC tenant neglect to cost $94k
A $94,000 damages award against the Bahamas Agricultural and Industrial Corporation (BAIC) has been upheld after its neglect resulted in the violation of a tenant’s lease agreement.The Court of Appeal, in a unanimous verdict, threw out the Government
Bahamas gives OECD, EU anti tax evasion bills
The Government has presented the European Union (EU) and OECD with the draft Bills designed to address their concerns over The Bahamas’ ability to combat corporate tax evasion.The Ministry of Finance, in a statement yesterday, said KP Turnquest, depu
Long Island 'dead in water' without airlift
LONG Island will be “dead in the water” if it does not get the necessary airlift, a private sector representative has warned, although there remains reason for optimism over its rebound.Romona Ritchie-Taylor, vice-president of the Long Island Chamber
Bahamas 'misses chance' on canadian pot shortage
Canada’s recent legal marijuana shortage has been branded a “missed opportunity” for The Bahamas by a local advocacy group, which has been “unnerved” by the lack of progress.Terry Miller, chairman of the non-profit Bahamas Cannabis Research Institute
Ministry aims to grow 154 retailer waivers
The Ministry of Finance is turning to technology in a bid to grow the number of footwear and clothing retailers qualifying for Customs duty waivers beyond the 154 already approved.The Ministry of Finance, in a bid to reduce the cost of doing business
Bahamas elected to UN agency's Council
The Bahamas has succeeded in its first-ever bid to join the International Telecommunications Union’s (ITU) council, gaining the votes of 162 out of 177 member states.This nation will now be seated as one of 48 council members for a body that is the U
BTC eyes 2019 'bottom' after 12,400 client loss
The Bahamas Telecommunications Company’s (BTC) owner yesterday said its mobile subscriber loss “will bottom out in 2019” after another 12,400 customers exited in this year’s third quarter.Balan Nair, Liberty Latin America’s (LiLAC) chief executive, t
Water supply alert on govts $16.1m debt
Nassau’s main water provider yesterday sounded an alert over potential supply disruptions if the Government does not pay a $16.1m debt that has increased by 76.9 percent this year. Consolidated Water, the BISX-listed entity that produces virtually al
Developer: 'Useless' BISX needs new life
A prominent developer and real estate financier yesterday called for the Bahamas International Securities Exchange (BISX) to be “overhauled”, arguing: “It needs new life”.David Kosoy, pictured, Sterling Global Financial’s chairman, who was a panellis
'How could I compete' against 7 cents power?
A Bahamian businessman yesterday questioned “how am I supposed to compete” against foreign rivals whose all-in electricity costs are almost two-thirds lower than BPL’s fuel charge.Robert Myers, who also heads the Organisation for Responsible Governan
Central Bank to ban 'anonymous' crypto assets
The Central Bank is proposing to ban its licensees from dealing with “anonymous” crypto currency assets, with 84 percent of local institutions saying they have no desire to enter this space.The regulator, unveiling a “discussion paper” on proposals f
Online bookings solution processes $3.7m in 2018
An online bookings solution provider has announced the full launch of its services after processing almost $3.7m in direct excursions this year alone.RezBS, which is targeting the Caribbean tour companies market, said it aims to empower local busines
PM admits more progress required on business ease
The Prime Minister yesterday admitted The Bahamas needs to make faster and greater progress in improving its “ease of doing business”, reiterating that new measures will be adopted in 2019.Delivering the keynote address at the Securities Commission’s
