Bahamas facing squeeze between China and US
THE Bahamas must leverage its relationships with the United States and China “strategically” to achieve its own development goals, a global affairs specialist said yesterday, adding that this requires a strong governmental system.Jamie Metzel, one of
Aliv unveils $45,000 BFSB sponsorship
ALIV has entered into a $45,000, three-year exclusive telecommunications sponsorship with the Bahamas Financial Services Board (BFSB).The partnership, which began in November 2017, will result in funds being donated to the BFSB through cash or techno
Remove 'red herrings' from Business Licence
The Government was yesterday urged to ease private sector anxieties by removing long-standing “red herrings and misnomers” associated with the Business Licence renewal process.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) presiden
Bank slackness in 'higher than usual' non-compliance
THE Central Bank has blamed “carelessness rather than deliberate rule breaking” for a “higher than usual level” of licensee non-compliance with “simpler” regulations.Charles Littrell, its inspector of banks and trust companies, in a just-released let
Gov't eyes 'all options' to eliminate Business Licence 'rush, angst'
THE Ministry of Finance’s top official yesterday said the Government was exploring “all options” to eliminate “the rush and angst” associated with Business Licence renewals.Marlon Johnson, the acting financial secretary, told Tribune Business that th
PM warns Grand Lucayan sale 'far from completed'
THE Prime Minister last night warned that the Grand Lucayan’s sale is “far from completed”, and instead touted a potential $2.56 billion development at West End’s former Ginn project.Dr Hubert Minnis, in his latest national address, delivered a far m
Aliv, BTC sell-offs to fund $25m SME development
THE Prime Minister last night announced plans to finance a $25 million small business development initiative from selling-off the Government ownership in Aliv and BTC.Pledging his administration’s commitment to developing Bahamian-owned micro, small
'Standard' contracts absence fuels construction disputes
A BAHAMIAN quantity surveyor yesterday lamented the lack of “standardised” construction and procurement contracts, and the difficulties this causes.John-Michael Clarke, president and managing director at Veritas Consultants, told the sixth annual Arb
Bonds 'missing piece' for local construction
LEGALLY-mandated performance bonds were yesterday described as the “missing piece” in the construction industry by the Bahamian Contractors Association’s (BCA) president. Leonard Sands, speaking as a panellist at the sixth annual Arbitration and Inve
Gov't to 'stamp' down on land deal red tape
The Government is aiming to consolidate the ‘stamping’ of real estate conveyances at “one location” in a bid to ease private sector concerns about ever-increasing bureaucracy.K P Turnquest, the Deputy Prime Minister, told Tribune Business that the Mi
Business Licence: Chamber proposes 'staggering' filings
THE private sector plans to soon meet the Government over proposals for “staggering” Business Licence renewals, amid fresh fears over the January 31 deadline’s “feasibility”.Edison Sumner, the Bahamas Chamber of Commerce’s chief executive, yesterday
WTO 'won't get done' without 2019 target
THE Bahamas’ accession to full World Trade Organisation (WTO) membership will “not get done” without the aggressive 2019 deadline imposed by the Government.Mick Holding, the Grand Bahama Chamber of Commerce’s president, told Tribune Business that set
Confidence key to getting 'single digit' unemployment rate
THE Bahamas can get unemployment “down to single digits” by restoring employer confidence in the economy’s growth prospects, the Chamber of Commerce’s chief executive said yesterday.Edison Sumner, speaking after Friday’s release of the latest Labour
DPM: Size of Government 'certainly not optimal'
THE Deputy Prime Minister says the Government’s size is “certainly not optimal”, with almost one in five Bahamian workers employed in the public sector. K P Turnquest, who is also minister of finance, said the November Labour Force data provided ini
Treat budgets as tool, not a chore
BUDGETING is the single most important thing you should be doing right now to improve your financial situation. Have you ever got to the end of a week or month and asked yourself where all your money went? A budget is the best way to answer that ques
