'We'll lose the plot' if EU/WTO dictate taxation reforms
The Bahamas will have “lost the plot” if it allows external pressures to dictate tax reform, a top accountant yesterday warning against any “knee jerk” changes.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) president, told Tribune
DPM tells banks: 'Do far better' on digital education
THE Deputy Prime Minister yesterday admonished the commercial banking industry to “do a much better job” in preparing Bahamians for the digital financial services age.K P Turnquest, driving home a message he delivered last week, told Tribune Business
RoyalStar profits quadruple amid premium 'hardening'
ROYALStar Assurance’s chairman has warned Bahamian insurance consumers to brace for “hardening” premium prices, following a storm-free 2017 in which its profits more than quadrupled.Sir Franklyn Wilson, writing in the property and casualty insurer’s
Bahamian firm targets 'forefront' of blockchain
A BAHAMAS-based ‘Fintech’ firm that offers consultancy services for potential Bitcoin and cryptocurrency investors has seen a “tremendous increase” in business since late 2017.Island Crypto, a Bahamian-based company focused on cryptocurrency and blo
Tourism website wins 'Best in Class' award
THE Bahamas’ official website has earned the destination the highest honour in the Interactive Media Awards.Bahamas.com, which is the official Bahamas Ministry of Tourism and Aviation (BMOTA) website, has won the ‘Best In Class’ award for the categor
Fronting 'more ferocious' if no pre-WTO crackdown
The Bahamas must crack down on widespread ‘fronting’ that threatens to become more “ferocious” once this nation joins the WTO, a governance reformer has urged.Robert Myers, a principal with the Organisation for Responsible Governance (ORG), told Trib
Bahamas needs $200m to replace lost WTO revenue
THE Bahamas will have to replace almost $200 million or 10.5 per cent of government revenues in a “realistic scenario” for WTO accession, a consultant has revealed.Dr Derk Bienen, who helped drafted a government-funded study on the implications of be
500 hospital fees to come in July 1
THE Government plans to proceed with implementing 500 fees at the Princess Margaret Hospital (PMH) from July 1, amid warnings that it “can’t put essential services at risk”.Dr Duane Sands, minister of health, told Tribune Business that many of these
Near-30% pt occupancy rise 'good for us, bad for Freeport'
A MAJOR Freeport hotel says its near-30 percentage point increase in annual occupancy rates is “good for us but bad for the destination”, which needs to be “made relevant again”.Magnus Alnebeck, Pelican Bay’s managing director, told Tribune Business
Fishing regulations suspended after 40% booking fall
THE Government has suspended the flats fishing regulations after their “hasty crafting and poor implementation” was blamed for up to a 40 per cent fall in bonefish lodge bookings.
Aliv launches in Long Island
ALIV last Friday launched mobile services on Long Island, while also unveiling its store in Deadman’s Cay.Prior to the official opening, ALIV executives, staff and community members were invited to an official cocktail launch on April 19 at Lloyd’s S
Doubling fisheries exports is 'most insane concept'
AN environmental activist has branded a Cabinet minster’s call for the Bahamas to double its annual fisheries exports as “the most insane concept”, calling for him to instead focus on curbing poaching.Sam Duncombe, reEarth’s president, told Tribune B
Bahamas to send message: Banks 'cannot launder cash'
THE Central Bank wants to tell the world that the Bahamas’ international banking sector “cannot launder cash”, with virtually all institutions having ceased taking such deposits.The regulator, unveiling the results of an anti-money laundering/counter
Realtors in foreign agent crackdown
THE Bahamas Real Estate Association (BREA) is aiming to crackdown on foreign agents operating illegally in the Bahamas following its recent annual general meeting (AGM).The event, attended by almost 100 realtors from the near-700 member organisation,
Corporate taxation dumped in EU bill
The Government has stripped corporate taxation from its anti-blacklisting response, as a top attorney yesterday warned: “Time is not our friend.”Michael Paton, who co-heads the financial sector working group dealing with the European Union (EU) conce
