Securities Commission 'shifting the narrative'
The Securities Commission has joined a small group of regulators approved to be signatories to the International Organisation of Securities Commissions’ (IOSCO’s) new enforcement-related information-sharing agreement.The new Enhanced Multilateral Mem
BTVI receives technology gift
The Bahamas Technical and Vocational Institute (BTVI) recently received a donation of 13 desktop computers and 15 monitors for its Student Resource Centre.Retired accountant, Robert V Lotmore, partnered with Custom Computers to make the donation in h
NAD's debt refinancing launch before year-end
The Nassau Airport Development Company’s (NAD) $125m-$130m is due to come to market before year-end 2018, a senior Royal Fidelity executive has revealed.Jim Wilson, the investment bank’s vice-president of corporate finance, confirmed in a press relea
CFAL launches Junior Investor programme
CFAL has launched its Junior Investor Education programme 2018-2019, marking the 17th year in which it has educated young Bahamians on the importance of financial literacy and saving.The initiative also introduces students to the different investment
Govt: 'No party yet' as VAT slashes deficit 52%
The Ministry of Finance’s top official yesterday said it was “not preparing to throw a party just yet” despite increased VAT revenues driving a 52 percent cut to the Government’s fiscal deficit. Marlon Johnson, acting financial secretary, told Tribun
BPL chief refutes generation deal ‘madness’ claim
Bahamas Power & Light (BPL) yesterday defended its hiring of an extra ten megawatts (MW) of expensive diesel-burning generators from fierce union criticism that it “makes no sense”.
Govt misses $12.6m in web shop revenue
The Government narrowed its first quarter fiscal deficit by 52 percent despite missing out on a projected $12.6m revenue increase in web shop taxation, it was revealed yesterday.Marlon Johnson, the Ministry of Finance’s acting financial secretary, sa
Scanning firm's training facility eyes 150 jobs
A Bahamian firm yesterday revealed it is aiming to create between 120-150 jobs through constructing a $2m training facility in west Grand Bahama.BOARDSECU, in a statement issued yesterday, said the facility will be used to train Bahamians and other n
Lay-offs cut govts wage bill by $20m
Contract worker terminations and early retirements enabled the Government to slash its civil service wage bill by $20m during the fiscal year’s first quarter, it was revealed yesterday.The Ministry of Finance’s “snapshot” of the three months to end-S
Doctors names top RBC chief to board
Royal Bank of Canada’s (RBC) Bahamian managing director has been appointed to Doctors Hospital’s board of directors.“We consider ourselves most fortunate to have someone with Nat Beneby’s experience and expertise in the financial world join Doctors H
Healthcare 'stagnation' warning if NHI rejected
BAHAMIANS have been warned that the drive towards affordable, quality healthcare for all will “stagnate” if they do not back the Government’s revised National Health Insurance model.Dr Duane Sands, minister of health, told Tribune Business it would
AG: Prosecutions rise 40-fold over money laundering
The Bahamas will have resolved “99.9 percent” of the remaining weaknesses in its anti-financial crime defences by year-end, with money laundering prosecutions having increased 40-fold.Carl Bethel QC, the Attorney General, yesterday told Tribune Busin
Margaritaville battle back on
Margaritaville’s Bahamian franchisee has not given up on its bid to block the brand’s tie-up with the $250m Pointe project, refiling its lawsuit in Florida state courts.The US attorneys for Boss Investments, whose principals are Peter Maury and Mike
Attorney loses Colina battle
A Bahamian attorney has lost his battle with Colina Insurance Company after the appeals court rejected claims that his $150,000 life insurance policy had “unlawfully lapsed”.Dorsey McPhee, representing himself, had challenged Justice Indra Charles’s
Union leader 'not screaming' on NHI funding
A trade union body is “not screaming” about the need to finance National Health Insurance (NHI) given that its members will not have to pay any extra from already-stretched salaries.Bernard Evans, pictured, the National Congress of Trade Unions (NCTU
