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Bahamas needs tax structure to match tourism
The Bahamas needs a tax structure that will attract the equivalent of 7m tourists to its financial services industry, a local banker argued yesterday. Gowon Bowe, Fidelity Bank (Bahamas) chief financial officer, told a webinar organised by the Chart
Govt 'fully draws down' $190m loan
The government has “fully drawn down” a $190m syndicated loan led by Royal Bank of Canada (RBC) that will finance post-Hurricane Dorian reconstruction, it was revealed yesterday.Marlon Johnson, the Ministry of Finance’s acting financial secretary, to
BISX-listed firms warn on dividends
Several BISX-listed companies have warned shareholders against “undue optimism” that dividend payments will continue given the need to preserve cash and liquidity during the COVID-19 pandemic. Both JS Johnson and Family Guardian cautioned investors
ALL arrivals must quarantine for 14 days
The government last night expanded the 14-day mandatory COVID-19 quarantine to visitors arriving by boat and private plane in what was branded a “one size fits all” approach.
Symonette exit will cost FNM
Brent Symonette’s resignation from the Minnis cabinet is a net loss to The Bahamas and to the FNM.
Ex-AG: Public owner register is ‘sector killer’
An ex-attorney general yesterday warned that a beneficial ownership registry accessible by the public will be an “industry killer” for Bahamian financial services, and should be “resisted at all costs”.
OECD's permanent residency targeting 'not really of concern'
The Deputy Prime Minister yesterday said the OECD’s targeting of the Bahamian economic permanent residency regime was “not really of concern” because it is not used for tax purposes.K Peter Turnquest, pictured, while agreeing it was “unfortunate” tha
VAT reassurance 'final impetus' for $100m expansion
PALM Cay’s chief executive yesterday said recent value-added tax (VAT) “assurances” by the Government had served as the “final impetus” to kick-start its latest $100m expansion.Rob Batchelor, Palm Cay’s chief executive, told Tribune Business that the
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.
