All results / Stories / Neil Hartnell
Gov't accounting switch 'fantastic'
The Government’s planned switch to an accrual financial reporting system has been praised as “fantastic”, a leading accountant arguing it will boost accountability and improve Budget planning.
‘Past desperation’ on vehicle title system
Bahamian auto dealers yesterday expressed hope that proposed Road Traffic Department reforms will ultimately result in a vehicle titling system, one telling Tribune Business its creation was “past desperation point”.
Lessons to learn in regulatory debacle
Dear Sir, Re: ONTARIO SECURITIES COMMISSION (OSC) and AMERON OIL AND GAS LTD et al. The news that Gaye Knowles was forced to settle with the OSC in the case originally brought against him and others, including Ameron, Mx-IV, Anthony Howorth and Giorgio
Bahamas ‘on probation’: 17-step action plan cure
The Government has detailed a 17-step ‘action plan’ to strengthen the Bahamas’ anti-money laundering regime, with a top regulator describing this nation as “on probation” over increasing weaknesses.
QC ‘awaits orders’ on Blackbeard’s Cay enforcement
A well-known QC is awaiting instructions from his environmental activist clients over how to enforce the judgment they obtained against the $8 million Blackbeard’s Cay project.
QC: Port requires ‘economic Viagra’
An outspoken QC yesterday urged the Grand Bahama Port Authority (GBPA) to “take a shot of Economic Viagra”, arguing that it had become a mere “collection agency” as opposed to a quasi-governmental developer.
US govt blasts Bar Association
The US government has criticised the Bahamas Bar Association for failing to pursue complaints about the conduct of member attorneys, disclosing that several of its citizens had suffered “significant losses” on flawed real estate deals.
ROYALSTAR INVESTORS GET '200% PAY OUT'
By NEIL HARTNELL Tribune Business Editor RoyalStar Assurance is expecting to generate a $2-$3 million net profit for 2011 despite enduring a tough year, its managing director yesterday saying the company had to-date "paid out almost 200 per cent" of the
NEXT GOV'T 'CANNOT IGNORE' TAX REFORM
By NEIL HARTNELL Tribune Business Editor The next Government cannot "ignore the need" for tax reform and moving towards a sales/Value Added (VAT" tax regime, the minister of state for finance telling Tribune Business there was still "a reasonable enough
‘Light at end of tunnel’ on Govt mobile buyout
Between 40,000-50,000 Bahamians could own a stake in the second mobile operator’s majority shareholder, with efforts to buy out the Government now glimpsing “light at the end of the tunnel”.
Attorney demands promotional body for Grand Bahama
A leading Freeport attorney yesterday demanded that the Grand Bahama Port Authority (GBPA) and Hutchison Whampoa be required to finance a Professional Marketing Organisation (PMO) to internationally promote what he described as “the forgotten island”.
Bahamians overlook ‘significant progress’
Too many Bahamians are overlooking this nation’s “significant economic progress” because they are focusing on issues that “have not a Christ thing to do with sustainable development”, a leading businessman believes.
Freeport: Further uncertainty over VAT TIN demand
Fears are mounting that Freeport’s commercial environment is being further stifled by a new Customs edict that all Grand Bahama Port Authority (GBPA) licensees must obtain a VAT TIN number.
Be ‘mad as hell’ with PLP, FNM
The Bahamian people “should be mad as hell” with both the PLP and FNM for placing the country in a position where it is being threatened with a downgrade to ‘junk’ status, the Democratic National Alliance’s (DNA) leader has charged.
Renewable energy firm 'sidelined' by BEC on tender
By NEIL HARTNELL Tribune Business Editor A renewable energy provider has told Tribune Business it felt "sidelined" by the Bahamas Electricity Corporation's (BEC) decision to close its open bidding process and then subsequently sign an agreement with Ocea
IMF's 2.5% Bahamas growth is 'a stretch'
THE Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday said it would "really be a stretch" for the Bahamian economy to achieve the newly-released International Monetary Fund's (IMF) projected 2.5 per cent GDP growth rate for 2012, unless it and the Government knew something 'outsiders' did not.
BCA chief: 'Many smaller builders' oppose regulation
BCA chief: 'Many smaller builders' oppose regulation By NEIL HARTNELL Tribune Business Editor Many smaller Bahamian contractors do not support the Bahamian Contractors Association (BCA) or its push for legislation to regulate the industry, the latter's
BCA chief: 'Many smaller builders' oppose regulation
BCA chief: 'Many smaller builders' oppose regulation By NEIL HARTNELL Tribune Business Editor Many smaller Bahamian contractors do not support the Bahamian Contractors Association (BCA) or its push for legislation to regulate the industry, the latter's
BEC chairman: Renewable firm 'mischaracterised' RFP-end response
By NEIL HARTNELL Tribune Business Editor BEC's executive chairman has told Tribune Business that the Corporation's renewable energy tender (RFP) ended because no proposal met its required standards, adding that his answer on this had been "mischaracteris
Gaming Board lacks ‘oversight structure’ for numbers houses
* Minister: Changes to make regulator ‘more relevant’ * Gaming Board will ‘look very different’ in five years * ‘92,000 didn’t vote for us to maintain status quo’
RECENT downsizings are intended to make the Gaming Board “more relevant” and help it cope with the “seismic changes” created by web shops, a Cabinet minister said yesterday. Dionisio D’Aguilar, who has ministerial responsibility for gaming, told Tribune Business that the industry regulator will “look extremely different from the Gaming Board of today within five years”.
