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Central Bank holding $71m 'dormant' funds
The Central Bank of the Bahamas was holding almost $71 million in ‘dormant account’ funds at year-end 2012, having received a further $3.58 million last year.
Rewards for bad behaviour
EDITOR, The Tribune.
FNM deputy leader demands explanation for new NIB audit
LORETTA Butler-Turner, FNM Deputy leader has demanded a full explanation of the grounds on which the government has approved another forensic audit of the National Insurance Board.
Ya Hear
• Ya hear Jay Z and Beyoncé playing it cool? By this time most of the world has probably seen the infamous video of Solange Knowles attacking ‘the Hov’ in the elevator of the Standard Hotel in New York after the Met Gala Ball last week.
POLITICOLE: Calculating Carnival: What's wrong with GDP - and Paul Major's version of it
IN a May 12 Nassau Guardian article, several quotes about the economic impact of Junkanoo Carnival in The Bahamas are attributed to Paul Major. This overall economic impact is to be measured by what is being referred to as the Gross Domestic Product (GDP) impact of the festival on the Bahamian economy.
Revenue surge to $274m via corporate tax switch
The Government could near-double pre-COVID business taxation revenues if it were to implement a 15 percent corporate income levy across-the-board on all entities bar those generating less than $500,000 in annual turnover.
Corporate tax plan 'dead on arrival' unless wider reform
The Government's corporate income tax consultation will be "dead on arrival" if it does not involve a "holistic" approach to comprehensive Bahamian tax reform, a prominent banker warned yesterday.
Craig Flowers and FML face winding-up petition
FML's ex-chief operating officer has filed a Supreme Court petition to have the web shop chain wound-up as his five-year legal battle with Craig Flowers escalates into a new phase.
Bahamasair eyes 'break even' despite $21m loss
Bahamasair eyes 'break even' despite $21m loss By NEIL HARTNELL Tribune Business Editor Despite being on target for a $21 million loss in its 2011-2012 financial year, Bahamasair's chairman says the airline is trending in the right direction and eventua
PETER YOUNG: Immigration is top of agenda again in Britain
A widely familiar refrain is that politics is a dirty business.
FTX real estate sell-off can’t cover $256m debt
The sell-off of FTX’s high-end properties “will not be sufficient” to fully repay the $256.3m debt owed to the crypto exchange’s Bahamian subsidiary, it has been asserted.
POLITICOLE: Finding those who represent us in the field of candidates
AT the Progressive Liberal Party (PLP) rally in Exuma, Prime Minister Perry Christie told the people: “We have some of the highest net worth individuals, meaning some of the richest people in the world living in Exuma and in the cays of Exuma.
OECD rattles its sabre on investor residency
The Bahamas’ major investment product was yesterday singled out for allegedly undermining the fight against global tax evasion in a move one realtor branded “a damn disgrace”.
Govt urged: 'Be decisive' in your OECD defence
The Government must “act more decisively” to defend The Bahamas from the OECD’s attack on its key investment product, which is “not positive no matter how you spin it”.Paul Moss, pictured, president of Dominion Management Services, told Tribune Busin
Bank targeting 30% share increase for electronic services
Bank of the Bahamas International has room to increase its non-credit services’ revenue share by 30 per cent over the next five years, its managing director yesterday saying investments in this area were starting to “pay off” with results trending “upwards”.
TOUGH CALL: Tax justice and what it would mean for the Bahamian economy
IN July, the Observer newspaper in Britain published an exhaustive study by the Tax Justice Network asserting that at least $21 trillion of unreported private financial wealth was hidden in secret tax havens by the global super-rich elite at the end of 2010 – a sum equal to the combined size of the American and Japanese economies.
NIB split over $10m BAF parent's offering
Top BAF Financial executives had “no knowledge” of internal battles at the National Insurance Board (NIB) over whether it should fully take-up their parent company’s $10 million preference share issue.
PM slams S&P for not facing growth ‘reality’
The Prime Minister yesterday slammed Standard & Poor’s (S&P) decision to downgrade the Bahamas’ sovereign credit rating, arguing that the move “flies in the face” of its own analysis.
SEC moving for sanctions against broker’s principal
US federal regulators are seeking sanctions and a default judgment against the Bahamian principal of a broker/dealer for failure to comply with a New York court’s order.
The sky ain't falling
I write in response to The Tribune’s editorial dated December 9, 2014, under the heading, “A failed economy and no accurate information.”
