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Colonial approved as eighth BISX Sponsor Member
THE Bahamas International Securities Exchange (BISX) yesterday announced that Colonial Pension Services (Bahamas) Ltd has been approved as the eighth BISX Sponsor Member.
Gomez challenges Moss to prove claims of tax flaws
CENTRAL and South Eleuthera MP Damian Gomez expressed disappointment in Marco City MP Greg Moss during his budget contribution in the House of Assembly yesterday as he urged the outspoken parliamentarian to produce evidence proving that the government’s tax reform strategies are flawed.
Problems facing Baha Mar
I recently posted an item on my blog, unfortunately contributing to the unnecessary discussion of Baha Mar’s completion woes. The purpose was to point out that comments in the public realm (and some in the media) have been contributing to the mis-education of the public. The common view seems to be that the contractor has left the site with the project unfinished, and with defective infrastructure and finishes.
IMF urges Mortgage Relief Plan ‘successor’
The International Monetary Fund (IMF) has urged the Government to abandon its proposed Mortgage Relief Plan and instead create a “specialised agency” to tackle the Bahamas’ bad loan crisis, with private sector credit having dropped to 2009 levels.
Consolidated leaks 18% bulk water revenues in second quarter
BULK Water revenues by BISX-listed Consolidated Water for the second quarter of 2015 fell by 18 per cent compared to the same period the previous year, led by a $1.2 million revenue decrease from its Bahamian operations.
Prime Minister tells foreign investors ‘the time is now’
PRIME Minister Perry Christie insisted yesterday that the time is now for global investors to consider the Caribbean region, implying that regional economies have shown resilience amidst global trends.
Bermuda strikes early to defeat Bahamas 5-0 in first leg of World Cup qualifier
THE visiting BFA emerged as winners once again as the Bahamas hosted Bermuda in international competition.
Rihanna and misplaced priorities
Baha Men founder Isaiah Taylor along with Bahamians who have a keen interest in PM Perry Christie’s brainchild Junkanoo Carnival are anxious to know who will be the lead act at the imported foreign cultural event.
Junkanoo Carnival set to boost hotels
THE Bahamas Junkanoo Carnival’s top organiser said yesterday that the event would likely create a significant boost for Nassau/Paradise Island hotel occupancies during a traditionally slow period for the sector.
Lightbourn tells govt not to make promises it can’t keep
MONTAGU MP Richard Lightbourn suggested the government should “refrain from making promises they can’t keep” pointing to the lack of employment growth in the country in recent months.
Reduce petroleum tax burden . . . but not through VAT
The Government was yesterday urged to reduce the Bahamian petroleum industry’s taxation burden by focusing on the non-Value Added Tax (VAT) levies.
NIB sets up committee to ensure readiness for VAT
WITH just over two months until value added tax is officially introduced in the Bahamas, National Insurance Board Director Rowena Bethel said the organisation has identified an internal committee to ensure that the organisation is ready once the tax is implemented.
Smith 'incorrect' in claims over new immigration rules
THE Ministry of Foreign Affairs has branded recent remarks made by president of the Grand Bahama Human Rights Association Fred Smith over its new immigration restrictions as a “grave error”.
Stopover visitor levels regressed 30 years in 2013
The Bahamas’ US tourist stopover arrivals slumped to levels last seen in 1984 as recently as 2013, with the increase in cruise passengers “largely insufficient” to compensate for the loss of their higher-yielding counterparts.
Minnis calls on MPs to reveal BOB loans
FREE National Movement Leader Dr Hubert Minnis yesterday called for all parliamentarians to immediately disclose whether they received any loans from the Bank of the Bahamas (BOB).
Ex-minister eyes Freeport trade finance campus
The Bahamas must find new “value propositions” to help overcome the threats facing its financial services sector, a former Cabinet Minister urged yesterday, suggesting that this nation seek to attract more institutional business.
$55,000 of aid to help feed the hungry
THE Bahamas National Feeding Network (BNFN) yesterday distributed more than $55,000 in food vouchers to its members, allowing scores of soup kitchens, churches and feeding centres to continue feeding efforts throughout New Providence.
Pre-paid meter solution to BPL ‘cut-off trap’
Bahamas Power & Light (BPL) has been urged to accelerate the roll-out of pre-paid electricity meters, an outspoken businessman arguing that it would help low income Bahamians avoid the “cut-off trap”.
Curry powders recalled after lead found in products
A CARIBBEAN distribution conglomerate has announced the recall of several of its curry powders due to the presence of lead, warning people to avoid their consumption to avoid potential “permanent adverse health consequences”.
‘One rate increase in 50 years is not sustainable’
MONEY owed by delinquent businesses will not save the National Insurance Board fund, Minister of State with responsibility for NIB Myles Laroda said yesterday, adding that many companies that are behind on contributions are small businesses.
