IDB: Bahamas ‘4x costlier’ over company registration
Registering a company in the Bahamas is “four times’ costlier” than in developed countries, with less than 3 per cent of government procedures able to be completed online.
Galleria blasts ‘shocking’ verdict on copyright law
ATTORNEYS for Galleria Cinemas yesterday said the Court of Appeal had “shockingly misunderstood” copyright law in a ruling that revives a long-running claim against the movie operator.
IMF slightly premature on ‘turned the corner’ verdict
PRIVATE sector leaders yesterday said the IMF’s assessment that the Bahamian economy has “turned the corner” was slightly premature, one saying: “I’m definitely not celebrating yet.”
US urges ‘full safeguards’ on gaming sector
THE US government has identified “gaming” as a popular money laundering mechanism in the Bahamas, urging this nation to “emphasise enforcement” in its fight against financial crime.
Unions seek PM intervention over Morton Salt ruling
THE Bahamas’ two main trade union groups have written jointly to the Prime Minister seeking an “urgent meeting” over a Court of Appeal ruling they claim will “cripple” organised labour.
FirstCaribbean's New York listing step closer
FirstCaribbean’s parent has taken another step towards selling-off its ownership by filing a registration form with US regulators for the bank’s proposed New York Stock Exchange (NYSE) listing.The amount of shares, nor the price that they will be off
Taxi union chief hails app team-up as 'perfect mix'
THE Bahamas Taxicab Union’s president yesterday said branded its partnership with a transportation-based mobile app as the “perfect mix”, suggesting it will help modernise the industry.Philip Watkins, speaking at a press conference to announce the un
Record Easter for Nassau's airport
LYNDEN Pindling International Airport’s (LPIA) operator is predicting the busiest Easter weekend on record, officials said yesterday.“People in Canada and the US, who have suffered through a season of what felt like never-ending northeasters, are jus
US: Bahamas ‘losing competitive FDI edge’
The Bahamas is “losing its competitive edge” on foreign direct investment (FDI) to Caribbean rivals as a result of its ‘ease of doing business’ woes, the US government has concluded.
IBCs face ‘much damage’ through blacklisting Bill
THE Bahamas’ ‘blacklisting’ response threatens to “cause a lot of damage” to its IBC business and create “much less certainty” for the financial services industry, a top attorney is warning.
Tax reform key to get Bahamas to ‘mid-shore’
THE Bahamas will only gain “respite” from international regulatory initiatives if it implements a tax regime that moves it to “mid-shore”, a well-known attorney has warned.
Fears Oban controversy will deter other investors
OBAN Energies has moved to reassure its $5.5 billion project is ‘for real’ amid concern that the ongoing controversy could deter other investors from coming to Grand Bahama.
Unions unite to fight ‘catastrophic’ ruling
THE Trades Union Congress (TUC) is seeking permission to appeal a “catastrophic” ruling that takes Bahamian workers “back to pre-1942” to the London-based Privy Council.
IMF – Your economy has turned the corner
The IMF yesterday gave the Government a much-needed boost by declaring the economy has “turned the corner”, despite warning over continued fiscal and current account imbalances.
Ex-finance chief: Don’t let the EU ‘trump’ our needs
AN ex-finance minister yesterday urged the Government to place the Bahamas’ “true economic needs” above the European Union’s (EU) demands in its haste to escape the latter’s ‘blacklist’.
