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Contractors take 'leadership role in the Caribbean'
THE Bahamian Contractors Association (BCA) is taking "a leadership position in the Caribbean" to develop a region-wide industry certification programme, its past president fearing they will otherwise be "left out in the cold" by requirements such as 100 per cent performance bonds.
Brewery targets brand marketing
COMMONWEALTH Brewery maintained its cautiously optimistic outlook at its first shareholders annual general meeting (AGM), following a year in which it paid out 100 per cent of profits in a collective $0.58 per share dividend.
Bahamas broker: 50% of client assets in jeopardy
ALMOST 50 per cent of client assets at Owen Bethel's Nassau-based Montaque Capital Partners, which is reportedly insolvent with a $9.367 million net asset deficiency, are in jeopardy due to a Canadian institution's claim against them, Tribune Business can reveal.
Man faces court over death of 11 Haitians in boat sinking
AN Abaco man who allegedly owned a boat used in a human-smuggling operation that ended up with 11 of its 28 passengers dead was brought to court yesterday. However, 43-year-old Alphonso "Carpo" Ed
Minister calls for 'vigilance' on rogue prescription drugs
THE Bahamas must be vigilant in combating rogue operators and counterfeit pharmaceutical suppliers, the Minister of Health said yesterday, describing the issue as a relatively new and emerging problem for the Bahamas.
US seeks $95m over Freeport prescription drug 'scheme'
THE US government is seeking $95 million from a Canadian citizen charged with using a Freeport-based pharmacy, licensed by the Grand Bahama Port Authority (GBPA), to export and sell illegal prescription drugs to US citizens.
Sanctioned broker eyeing Canada exit
A BAHAMIAN broker/dealer yesterday said it was assessing whether to re-domicile millions of dollars in assets, belonging to both itself and its clients, away from Canada due to concerns over a regulatory "domino effect" resulting from a recent ruling against it.
Insolvency reform 'very significant' to financial services
INSOLVENCY law reforms will bring "very significant" benefits to the Bahamas' financial services industry, but a leading accountant called on the sector to "more aggressively" promote these and other positive changes to global markets.
Safeguards against 'sinister' liquidations
CHANGES to Bahamian insolvency law will prevent directors/shareholders from putting companies into voluntary liquidation for "sinister reasons", a leading accountant yesterday arguing that the amendments bring this nation "into line with model international law".
Gibson to employers: 'Justify every work permit'
COMPANIES who hire foreigners must send “justification” for every employee they have on work permit to the government, according to Minister of Labour and National Insurance Shane Gibson.
Scientists shocked by foot-long sea creature in Bahamian waters
SCIENTISTS at the Cape Eleuthera Institute received the shock of their lives when they discovered that the teeth marks that almost gnawed through the cables of an underwater camera system belonged to a massive woodlouse.
Second Montaque affiliate 'insolvent'
A SECOND arm of Owen Bethel's Montaque Group is being wound up, one of its liquidators telling Tribune Business that this company, too, is "insolvent".
BAAA to host Atlantis National Junior Track & Field Championships June 8-9
A LANDMARK year for the Bahamas at the junior track and field level looks to continue this weekend as the BAAA partne
Bahamas broker: Canada 'bullied' the Commission
A Bahamian broker/dealer yesterday produced documents it said showed the Securities Commission was "bullied" into passing information on its clients over to Canadia
Ingraham bids farewell as FNM leader
FORMER Prime Minister Hubert Ingraham bid farewell as the Free National Movement’s longest serving leader at the party’s convention this weekend.
Regulator: Why didn't broker take us to court?
The Securities Commission yesterday said its decision to share information on a Bahamian broker/dealer's clients with a Canadian regulator was fully "in compliance"
Penalised broker 'trampled on' by the Commission
A Bahamas-based broker/dealer yesterday said it had been left "vulnerable" and "exposed to liability" from Canadian sanctions as a result of the Securities Commis
Regulator levies $48,000 fine on 'wind-up' broker
THE Securities Commission of the Bahamas has fined a failed broker/dealer a collective $48,000 for "consistently" failing to meet its monthly and annual filing obligations, its ruling coming almost five months after the company was placed into Supreme Court-supervised liquidation.
Bahamas can be 'Atlantic air hub'
The Bahamas has the potential to become an "Atlantic transshipment hub" between Latin America and Europe, a senior KPMG executive believes, adding that this nation's "60 per cent GDP" tourism dependency meant it was bound to suffer more than other nations during the recession.
Robot boost for Shipyard speed
ROBOTIC blasting is now being used at the Grand Bahama Shipyard to speed up work. Training began a few weeks ago, teaching Bahamians to drive the highly technical environmental robot used for hull stripping.