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Bank chief reassures clients and investors
Bank of the Bahamas’ (BOB) managing director has reassured customers and its 4,000-plus shareholders that it has a robust capital position matched by adherence to “sound banking principles that are consistently tested and validated by internal and external authorities to ensure the highest standards of prudence.”
YOUNG MAN'S VIEW: Bahamas is a powder keg
AS this year draws to a close and the celebration of Christmas in a few days takes hold of our national consciousness, it is clear that a tsunami of death and mayhem has surged over Bahamian society.
AML fears for New Year after 'awful' September
AML Foods has serious “concerns” for its early 2014 performance, following a September that its chief executive described as “easily our worst month” since he took the post six-seven years ago.
Bimini injunction would have grown developer loss 15%
The developers behind Bimini’s controversial cruise terminal would have suffered “severe and dire consequences”, amounting to a 10-15 per cent increase in their projected $11 million operating loss for 2014, had the Supreme Court blocked its construction.
FamGuard net profits up 26% as annuities double
Family Guardian’s BISX-listed parent has unveiled a 26 per cent net income increase for the nine months to end-September 2013, aided by annuity deposits more than doubling year-over-year.
Barbados holds off Bahamas 5-1 for bronze
THE US earned the right to compete in the IC Worldwide Final next year at Wimbledon by beating Mexico 4-0 on Monday as the IC North American 16-and-under Junior Challenge came to a close at the National Tennis Centre.
Private sector unveils $304m new tax measures
The private sector’s Tax Coalition has submitted $304.427 million worth of new revenue-raising measures to the Government as part of its alternatives to Value-Added Tax (VAT).
Realtors object to three 'taxes' in Coalition plan
The Bahamas Real Estate Association (BREA) has objected to three revenue-raising proposals in the private sector’s Value-Added Tax (VAT) alternatives package, its president fearing they will have “grave consequences” for the industry if adopted.
SEC case against Bahamian broker 'among weakest'
A judge has given a significant boost to a Bahamian broker/dealer and its principal in their ongoing legal battle with US regulators, finding that a key element of the case against them was “weaker than any other” he had seen.
IAN FERGUSON: Plan now for 2014 success
Most local economists have projected that 2014 is expected to be the best year for the Bahamas since the recession hit in 2007-2008.
Youngest Callenders partner an asset recovery leader
Callenders & Co’s youngest partner has been named as one of the Bahamas’ top five asset recovery attorneys by the International Who’s Who of Business Lawyers.
Speed Week slows down through Exuma reception
Bahamas Speed Week participants slowed down this week with a Monday excursion to Exuma’s Grand Isle Resort & Spa.
YOUR SAY: VAT is not the solution
MY name is Tim. I am a 40-year-old graphic designer on the Island of Abaco and a citizen of the Commonwealth of the Bahamas. I believe the Bahamas is indeed in need of tax reform; in fact we are likely more than overdue. Import duties have long been an inefficient model for the country due in large part to how easily and often they are circumvented and go unpaid.
Broker 'caused' to supply false financial details
The mastermind behind a $340 million Ponzi fraud allegedly “caused” a BISX-listed firm’s broker/dealer affiliate to issue “fabricated financial information” that resulted in the value of investors’ holdings being overvalued by almost $149 million.
VAT alternatives 'don't generate revenue we need'
The private sector’s proposed Value-Added Tax (VAT) alternatives will not generate “the revenues we need” for a fiscal turnaround, a former finance minister argued yesterday, warning: “We’re running out of time.”
RoyalStar on target to hit $4m profits
RoyalStar Assurance’s 2013 performance is on target to match last year’s $4 million bottom line, its managing director yesterday telling Tribune Business its new JFK Drive headquarters showed the firm was “here to stay”.
Gov't fiscal plans are 'bearing fruit'
THE Government’s fiscal turnaround plans are starting to “bear fruit”, the minister of state for finance yesterday pointing to the almost 50 per cent cut in its first quarter deficit year-over-year.
IDB blasts Gov’t debt management strategy
The Inter-American Development Bank (IDB) has criticised the Government’s debt management strategy, warning that its reliance on domestic investors to cover a $1.2 billion financing gap would “likely be more expensive” and create an increased fiscal burden.
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