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AG brands The Bahamas’ insolvency regime ‘a joke’
The Attorney General yesterday branded The Bahamas’ corporate insolvency regime as “a joke” and pledged to reform outdated laws and regulations that continue to undermine the financial services industry’s competitiveness.
Regulator: Financial crime gaps up to 60% of licensee weakness
The Securities Commission’s top executive yesterday revealed that anti-money laundering and counter-terror financing non-compliance accounts for between 40-60 percent of licensee deficiencies.
Corporate income tax for Bahamas ‘mammoth task’
A leading Bermuda accountant yesterday warned The Bahamas that implementing a corporate income tax regime is a “mammoth task” that should not be underestimated.
Ferguson unofficial winner of BPSU votes
BAHAMAS Public Services Union president Kimsley Ferguson and his team unofficially won the BPSU’s latest election.
INGRAHAM TO FNM: SIT OUT BY-ELECTION ...but party will run after decision by council members
FORMER Prime Minister Hubert Ingraham advised Free National Movement leader Michael Pintard not to contest the upcoming by-election for West End Grand Bahama and Bimini.
Fidelity Bahamas Optimist Championship starts today
YOUNG Bahamian sailors from New Providence, Eleuthera, Harbour Island, Abaco, Exuma, Long Island and Grand Bahama will compete in the Fidelity Bahamas Optimist Championship for the title of national optimist champion this weekend. Sailors from the US as well as the Cayman Islands will also be competing in this international event to be held in Montagu Bay.
Family Island land solution growth key
Resolving land issues in the Family Islands is a key component of the National Development Plan, one of its key architects said.
Doctor’s PI expansion tied to Royal Caribbean
A Bahamian doctor yesterday revealed he aims to capitalise on Royal Caribbean's beach club by expanding to Paradise Island with his third footwear store when that project opens in 2025.
STATESIDE: While Biden tries to appear as ‘labour’s best friend’ Trump seems to lose favour
ONE year from this morning, we’ll know who the Democratic and Republican party nominees are in a presidential election contest that will then only be six weeks away. And we’ll know if a third-party candidate or candidates have emerged to challenge America’s deeply entrenched two-party political duopoly.
‘BISX home makes sense’ for Bahamas carbon credits
The Bahamas International Securities Exchange (BISX) is “definitely exploring” the listing and trading of the country’s blue carbon credits on its platform, its top executive asserting: “A home on BISX makes sense.”
‘Putting circle in a triangle’: Why developments fail
A Bahamian environmental consultant yesterday argued that the main non-financial reason that major development projects fail is because their principals “try to put a circle into a triangle”.
Cable partners over $5m Exuma cays connectivity
Cable Bahamas has teamed with another provider to develop a $5m sub-sea fibre network that will provide broadband Internet connectivity to hundreds of residents across 34 Exuma cays.
FNM chair blames VAT for ‘marina ghost town’
Bahamian marinas yesterday warned it was vital the country develop “a unified voice” over the imposition of VAT on yacht charter fees amid suggestions that it has resulted in several boating destinations becoming “a ghost town”.
Abaco resort eyes ‘break even’ 5% rate increase
The Bahamas Out Island Promotion Board’s president yesterday said his hotel will likely have to increase rates by “another 5 percent” in 2024 to break even with fellow hoteliers revealing that soaring light bills “are just killing us”.
Bowleg: Chinese may assist stadium repairs
YOUTH, Sports and Culture Minister Mario Bowleg said discussions with the Chinese government are continuing to help fund the $10m repairs to the Thomas A Robinson Stadium.
Obie Wilchcombe initially ‘felt cold’ on Social Services says friend
ADRIAN Francis, a decades-long friend of Obie Wilchcombe, said the former West End Grand Bahama and Bimini minister gradually embraced his role as minister of social services after initially feeling cold about the post.
‘TOURISTS TOLD TO STAY AWAY’ . . . but cruise denies passengers advised to avoid Port Lucaya
CARNIVAL Cruise Line has denied discouraging its passengers from visiting the Port Lucaya Marketplace in Freeport after vendors alleged the cruise ship is steering guests away from the area because of safety concerns.
Ayton traded to the Trail Blazers
Centre Deandre Ayton, who was embroiled in contract talks with the Phoenix Suns and a heated clash with former head coach Monty Williams, has been traded to Portland, becoming the second Bahamian to play for the Trail Blazers.
British Colonial receives 400 manager applicants
Some 400 persons yesterday applied for managerial posts at the re-opening British Colonial with the property targeting a workforce that is 95 percent Bahamian.
Tourists 'lament' tour and excursions gap
A senior tourism official yesterday said there is "a gap" in The Bahamas' tour and excursion product with many visitors "lamenting" that there are not enough activities to do.
