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Oil explorer seeks approval to open to small investors
A Bahamas-based oil explorer and its advisers last Thursday submitted a formal request for regulatory approval to open their £2m mutual fund to investments by small Bahamian retail investors.Brian Jones, managing director of Leno Corporate Services,
Top insurers removed from ratings 'review'
The Bahamas’ two major life and health insurers were yesterday removed from “review” by the industry’s major rating agency despite suffering increased claims and policy lapses due to Hurricane Dorian.AM Best, in two separate releases, confirmed it ha
Auditor General hails Health Visa’s ‘vision’
The Auditor General’s Office has hailed the Ministry of Tourism’s “vision and implementation” of the Health Travel Visa despite finding multiple concerns over how the scheme was administered.
DPM: Health travel visa’s speed ‘no excuse’ on lapses
THE deputy prime minister yesterday argued that the speed with which the Health Travel Visa had to be put in place to re-open the tourism economy was “no excuse” for governance failures.
Gov’t pays out $200m in COVID jobless aid
The Government had paid out more than $200m in COVID unemployment benefits at end-September 2021, it was revealed last night, although overall pandemic spending seems to be slowing.
Triple top: Here are my leading MPs of the Year
THIS year was not a good one for the average Bahamian. On balance, since the advent of the ruling FNM regime, the economy has contracted and things are 'tough' for the bulk of the lower and middle classes. The upper classes, as usual, especially the politicians, apparently, and their cronies, have increased their net worth and appear to be living large on the proverbial hog.........the Adrosian one.
Junior doctors: PHA holiday pay offer was below minimum wage
DAYS after Bahamas Doctors Union agreed to call off strike action to negotiate over outstanding holiday pay, junior doctors said Public Hospitals Authority’s offer of $1.80 per hour was not generous but below minimum wage.
We're still unhappy, say junior doctors
DAYS after the Bahamas Doctors Union agreed to call off strike action to negotiate over outstanding holiday pay, junior doctors said the Public Hospitals Authority’s offer of $1.80 per hour was not generous but below minimum wage.
BTC's parent 'confident' on 2020 revival
The Bahamas Telecommunications Company’s (BTC) ultimate owner yesterday voiced optimism its mobile business will deliver an “improved performance” heading into 2020 despite further subscriber losses.Balan Nair, Liberty Latin America’s chief executive
Tsavoussis and Bayles are the new golf champions
BAHAMAS Golf Federation President Lynford Miller has announced the Bahamas has two new male and female golf champions.
National Trust still ‘refining’ Albany PPP
The BAHAMAS National Trust’s (BNT) executive director yesterday said it has been approached by several other potential private national park partners as it continues to “refine” its deal with Albany.
Chamber chief urges: ‘Stop finger pointing’
The Chamber’s chief executive yesterday urged Bahamians to “stop finger pointing” and instead develop “workable solutions” to this nation’s economic and fiscal woes, in the wake of Standard & Poor’s (S&P) ‘junk’ downgrade.
Brewery 'driving by numbers plan'
Commonwealth Brewery has matched the interim $0.25 per share dividend it paid out to its 3,000 shareholders in 2011, its managing director telling Tribune Business that it expected 2012’s final quarter to also go “according to plan”.
Ex-AG calls for lower VAT rate
A former Attorney General has called on the Government to “consider” implementing Value-Added Tax (VAT) at a lower rate than 15 per cent, warning that consumers would likely have to “bear” increased legal services costs.
VAT fears for private healthcare coverage
Doctors Hospital’s president yesterday said he was “very concerned” about the potential for Value-Added Tax (VAT) to increase healthcare costs.
Failed broker: $9.7m hangs in the balance
A successful winding-up of Owen Bethel’s Montaque Capital Partners is dependent on recovering $5.35 million owed by the insolvent Bahamian broker/dealer’s clients and affiliates, plus the fate of $4.3 million being claimed by a Canadian provider.
FDI's current account share to fall to 50%
Foreign direct investment (FDI) will finance “close to” 50 per cent of the Bahamas’ current account deficit in the near-term, a Wall Street rating agency has projected, down from historical levels.
Web shops hand out $100m in unregulated mortgages
The web shop industry has issued close to $100 millionworth of mortgages that are outside the Central Bank’s regulatory purview, a leading consultant to the industry yesterday adding that this was costing commercial banks $500,000 in fees per annum.
Bank to 'sneak' growth on 38% market share
Commonwealth Bank is targeting a 2013 “revamp” for its Internet banking service that saw an 11 per cent activity increase in 2011, its president yesterday expressing optimism that it could also “sneak” market share growth.
AML switches $1m from expansion to energy efficiency
AML Foods says the Budget’s tax increases, coupled with Value-Added Tax (VAT) uncertainty, have pushed it to switch $1 million earmarked for food store expansion into energy efficiency.
