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Gov't completes 'big architecture' on renewables
Gov't completes 'big architecture' on renewables By NEIL HARTNELL Tribune Business Editor The Ingraham administration has completed "the big architecture" to reform the energy industry and pave the way for renewable sources, the minister for the environ
A chance for interns to sign up for shark lab
TWO more Bahamians will have the opportunity of an internship at the Bimini Biological Field Station (BBFS), more commonly known as ‘The Shark Lab’, this summer.
FINCO profits near-double on 50% loan provision fall
FINANCE Corporation of the Bahamas (FINCO) profits near-doubled in 2017 due to a more than 50 per cent drop in loan loss provisions, even though bad credit increased to $121 million.Royal Bank of Canada’s (RBC) mortgage arm, in financial statements r
Symonette doubts some disclosures’ accuracy
FORMER Deputy Prime Minister Brent Symonette yesterday shrugged off public discourse over his immense wealth, instead speculating over the accuracy of disclosures filed by other veteran candidates last week.
CIBC FirstCaribbean explores US listing
CIBC FirstCaribbean’s parent yesterday confirmed its subsidiary is exploring a US stock exchange listing, a move likely to stoke speculation of a Canadian bank withdrawal from the region.
Analyst: VAT hike to 15% 'inevitable'
A leading financial analyst says a VAT rate hike to 15 percent is “inevitable” within two years of the next election as he called for a shift to a more progressive system via personal and corporate income tax.Anthony Ferguson, CFAL’s principal, speak
Govt touts 14,000 new SMEs created
The government yesterday sought to show its small and medium-sized enterprise (SME) focus is delivering results by reiterating that almost 14,000 such businesses have been formed since the 2017 general election.
Internet banking users jump 31%
The number of Bahamian internet banking users increased by almost 31 percent to breach the 100,000 mark in 2020 as COVID-19 increasingly drove persons to digital transactions.
BTC revenues off 9% despite mobile revival
The Bahamas Telecommunications Company (BTC) suffered a near-nine percent year-over-year revenue decline for the 2021 first quarter despite driving a 2,400 post-paid mobile subscriber rise.
Stop 'dictating' FDI direction, banker warns
The Bahamas must be more willing to open up to foreign direct investment (FDI) in non-traditional areas to have any hope of paying-off rising US dollar debt, a top investment banker is arguing.
Governor rejects non-essential import curb
The Central Bank's governor yesterday rejected as "bureaucratically inefficient" suggestions that The Bahamas impose restrictions on non-essential imports to protect the foreign currency reserves.
BTC's revenues drop over $21m
The Bahamas Telecommunications Company's (BTC) fell by more than $21m year-over-year for the nine months to end-September 2020 despite further slowing the erosion of its mobile customer base.
Commission clarifies crowdfund uncertainty
The Securities Commission (SCB) yesterday addressed uncertainty over its proposed crowdfunding rules by defining what qualifies as a small or medium-sized business.
Pilot RISE programme 'self destructed'
THE pilot RISE programme reportedly suffered “irreparable defects” and self-destructed, according to a press statement issued by the Ministry of Social Services.The ministry’s RISE public relations campaign and the Conditional Cash Transfer project w
WORLD CUP: Belgium wake up in second half to roll past Panama
SOCHI, Russia (AP) — Unlike the other World Cup favourites who struggled through their opening matches, Belgium looked every part the title contenders.
WORLD CUP: England fall to Januzaj screamer as Belgium take top spot
(Mirror.co.uk) England will face Colombia in the last 16 of the World Cup after their defeat to Belgium.
National debt still bigger than Bahamas economy
The Bahamas’ national debt remained larger than the size of the country’s economy at year-end 2021, it was revealed yesterday, standing at a sum equivalent to 100.3 percent of gross domestic product (GDP).
Travel visa scheme has auditor’s approval
THE Office of the Auditor General commended the Ministry of Tourism for its implementation of the Bahamas Travel Visa Programme, an initiative the Progressive Liberal Party criticised last year.
CIBC: ‘Business as usual’ for Bahamas despite regional sale
CIBC FirstCaribbean yesterday said it was “business as usual” for its Bahamas operations despite its move to exit five smaller regional jurisdictions.
DPM places tax evaders on notice
The deputy prime minister yesterday warned tax cheats “who have been taking advantage of our inefficiencies” that they are a prime government target in the 2019-2020 fiscal year.
