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Bahamas ranked in bottom three of finance centres
By NEIL HARTNELL Tribune Business Editor A former Bahamas Financial Services Board (BFSB) chairman yesterday said a report that ranked the Bahamas a lowly 75th out of 77 global financial centres would "not impact" this jurisdiction's core private wealth
Ayton and Suns eliminated
PHOENIX (AP) — Luka Doncic scored 35 points, Spencer Dinwiddie added 30 and the Dallas Mavericks stunned the top-seeded Phoenix Suns with a 123-90 Game 7 blowout last night, advancing to the Western Conference finals for the first time since 2011.
Domestic banks 'low risk' over financial abuses
The Central Bank yesterday pronounced that domestic banking presents a “low risk” for financial crime, with the main vulnerabilities stemming from three industries - gaming, real estate and money transmission.The regulator, unveiling findings based o
Electric car dealer targets mid-year start on new HQ
A Bahamian electric vehicle dealer yesterday revealed it beat 2023 targets via a “one-third” sales increase as it bids to start construction on its new “multi-million” headquarters by around mid-year.
Tourism softness: Nassau/PI room revenues off 7%
Hotel room revenues on Nassau/Paradise Island fell by 7 per cent year-over-year to end-July 2017, amid warnings of “sustained softness in tourism”.The Central Bank of the Bahamas, in its monthly economic report for August, said data from a group of m
Chamber advocates 'dual' VAT system
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) yesterday advocated that the Government implement a ‘dual taxation’ system via Value-Added Tax’s (VAT) introduction, with “private individuals” continuing to pay full customs duties on their imports.
‘100% green’: $7m spend for last Hotel Corp resort
A Bahamian entrepreneur yesterday said he plans to create the country’s “first 100 percent green resort” through a $7m investment to revive the last Hotel Corporation-owned property.
‘Not competitive’: Marina boss sees 20% Xmas fall
A Nassau marina operator yesterday blamed increased taxation for a near-20 percent decline in Christmas yacht traffic, and warned: “We’re not competitive with anywhere else in the Caribbean.”
Loftus Roker: Enforce all laws or change them
CRITICAL of the hypocritical nature of Bahamians concerning law enforcement, former Immigration Minister Loftus Roker called on the country to “enforce all laws or change them”.
Thelma Gibson workers ‘have had enough’
TENSION between teachers at Thelma Gibson Primary School and the school’s principal continued yesterday, with a number of workers allegedly calling in sick or refusing to show up to work.
Bahamians set to play for Great Britain
FOR the third time because the country is not eligible to field a team as yet, the Bahamas will have some players and a coach representing Great Britain at the World Baseball Classic.
‘I don’t want my guests to leave with COVID dessert’
THE restaurant owner whose staff note sparked the debate over “mandatory” vaccines has sought to further justify his stance, saying: “I don’t want guests to come for sushi and leave with a COVID dessert.”
Hurricane Hole developer's new $352m project
Hurricane Hole developer’s has received initial approval for a $352.2m development on Matt Lowe’s Cay that promises a desperately-needed boost for Abaco’s Dorian-ravaged economy, it was revealed yesterday. Dr Hubert Minnis, in his contribution to th
PM intervenes on Lucayan 'looting'
The Prime Minister “aggressively” intervened to prevent Hutchison Whampoa “looting” the Grand Lucayan on the eve of the Government’s takeover, Tribune Business was told yesterday.Michael Scott, chairman of Lucayan Renewal Holdings, the Government-own
Only 10% of firms applied for Freeport tax breaks renewal
Just 10 per cent of Grand Bahama Port Authority (GBPA) licensees applied for renewal of key tax breaks via the Christie administration’s Grand Bahama (Port Area) Investment Incentives Act 2016, Tribune Business can reveal.The relatively low figure of
Govt slams S&P for ignoring $1bn Baha Mar impact
The Government last night slammed Standard & Poor’s (S&P) decision to cut the Bahamas’ creditworthiness to ‘junk’ status, arguing that it had failed to “fully consider” growth-enhancing initiatives such as $1 billion in upcoming capital investments at Baha Mar.
HSBC departure 'not jurisdiction driven'
HSBC's departure from this nation is 'not jurisdiction driven at all', although 12 Bahamian jobs will be lost through the global banking giant's decision to exit a 'non-core' business by 2014.
IT’S NOT OUR FAULT, MR WATSON: Food retailers hit back after press secretary blames them for prices
Food retailers yesterday hit back over assertions that some merchants have not passed the Budget’s tariff cuts on to consumers via reduced prices, adding: “You can’t point the finger of blame at us.”
Kelly's rejects curb-side; dealers eye 40% fall-off
Kelly's House & Home is closing "until further notice" from 6pm this evening rather than offer curb-side services that auto dealers predict will be up to 40 percent down on their normal in-store sales.
'Domino effect' concerns over minimum wage
The “domino effects” from a minimum wage increase are the private sector’s main concern, a leading executive explaining yesterday that it could result in ‘across-the-board’ salary rise pressures.
