Governor urges 'new ways' for unlocking $1.8bn liquidity pile
THE Central Bank’s governor has called for the development of “new private sector mechanisms” to put the banking system’s $1.8 billion surplus liquidity to more productive use.John Rolle, addressing the regulator’s Monday exchange control seminar, sa
Chamber to take up VAT pricing concern
THE Chamber of Commerce’s (BCCEC) chief executive said yesterday said the organisation plans to take-up concerns over Value-Added Tax (VAT) inclusive versus exclusive pricing.Edison Sumner told Tribune Business that while the Chamber had not received
SAFE & SECURE: Going beyond the data on interpreting crime
WHAT better way to resume our discussion on crime and its prevention than to look at its reporting, and the recent release of police statistics for 2017 in the Bahamas. If you have not seen the report then you are doing yourself and your company a di
DPM moving 'quickly' on creation of VAT Tribunal
THE Government yesterday said it was hoping to fully populate the Value-Added Tax (VAT) Tribunal “quickly” in a bid to resolve long-standing disputes and uncertainties.K Peter Turnquest, Deputy Prime Minister and minister of finance, confirmed the mo
Appeal president renews driver protection fund plea
The Court of Appeal’s president yesterday renewed her call for a fund to compensate victims of uninsured and ‘hit and run’ drivers, after rejecting a $654,000 claim against Bahamas First.Dame Anita Allen, in overturning a previous Supreme Court verdi
'Insatiable desire' for benefits large fiscal reform bar
THE Bahamian people’s “insatiable desire” for government benefits is a bigger obstacle to reforming the public finances than economic policy, the Deputy Prime Minister is arguing.K P Turnquest, in an interview with Tribune Business, suggested that ch
Central Bank handles 24k approval papers annually
EQUITY investments in international financial institutions and investment companies are among the most common areas where Bahamians have invested abroad, the Central Bank’s Governor said yesterday.John Rolle, giving a presentation at a half-day Centr
Bahamas 'must have' gradual liberalisation of exchange controls
THE Bahamas “must have” a gradual approach to exchange control liberalisation, an Argentine economist said yesterday, adding that it was “critical” to have a well-developed economic framework in place.Miguel Kiguel, speaking via Skype at a half-day s
GB Power buy-out approval in face of fight ‘regrettable’
A well-known QC has slammed the Government’s “regrettable” decision to proceed with approving the GB Power buy-out despite knowing his legal challenge was already filed.
Bahamian energy start-up teams with solar provider
A BAHAMIAN green energy start-up has entered into a partnership with a Florida-based solar provider.Global Energy Solutions last week signed a Memorandum of Understanding (MOU) for a clean energy technical partnership with Orlando-based Sybac Solar,
Minister pledges new Nassau power plant
THE Government is planning to soon launch a bidding process to construct a “state of the art” power plant for New Providence, which will also include a solar energy component.Desmond Bannister, minister of works, speaking at a ceremony to mark the si
Central Bank admits 'poor resource use' on exchange control
THE Central Bank yesterday pledged it was moving to eliminate “frustrations” surrounding exchange control approvals, revealing it has committed to a five-to-seven working day turnaround.Tiffany Carter, deputy general manager for the exchange control
MONEY MATTERS: Early training start right on the money
Of all the things parents decide to have a serious conversation with their children about, money rarely makes the list. That is understandable but unfortunate. Understandable because of the significant negative consequences associated with many of th
'No sacred cows': All taxes up for review
A top Finance official has pledged there will be “no sacred cows” as the Government embarks on a wide-ranging review of all tax laws, regulations and procedures.Marlon Johnson, the Ministry of Finance’s acting financial secretary, told Tribune Busine
DPM 'questions' corporate veil piercing tax law
THE Deputy Prime Minister yesterday questioned how the former government “got away” with ‘piercing the corporate veil’ to hold businesses hostage over shareholders’ personal tax liabilities.K P Turnquest told Tribune Business he had asked Marlon John
