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'No intention' of making owners registry public

The Government yesterday said it has “no intention” of creating a public Beneficial Ownership Registry, or using the issue for regulatory arbitrage, amid rising pressure on The Bahamas’ rivals.K P Turnquest, the Deputy Prime Minister, told Tribune Bu

LPIA departures hit 10-year high

First quarter departure traffic from Lynden Pindling International Airport (LPIA) surged to its highest level for ten years, the Central Bank has revealed, adding to improving economic confidence.The regulator, in its assessment of economic developme

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BANK AND ROTARY PARTNERS FOR CHARITY GOLF TOURNEY

SCOTIABANK is partnering with the Rotary Club of East Nassau and Scout Association of The Bahamas on their 32nd annual charity golf tournament set for next month.The bank is a gold sponsor of the annual event with 100 per cent of the net proceeds rai

Insurer: Profits goal beaten by 57% if no Irma

A Bahamian insurer yesterday said it would have beaten 2017 profit projections by 57 per cent had Hurricane Irma not inflicted a $2 million net loss on its Turks & Caicos portfolio.

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Bahamas winless in Beach Soccer Cup

The home team scored the final goal of the Bahamas Beach Soccer Cup but finished the tournament winless and in fourth place in the final standings.

hundreds of sharks and fish caught up in drifting 'ghost net'

Gruesome images of hundreds of sharks and fish trapped in a drifting “ghost net” in the Caribbean have caused outrage across the world.The upsetting pictures were captured by a photographer who spotted the net floating four miles off the Cayman Islan

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DIANE PHILLIPS: Three cheers for the Commodore and his crews

There is a lot that many of you out there know about me. I’m the other side of middle age and stuck with too much energy for my own good. I say what’s on my mind. I have had a lifelong love affair with words and secretly confess that I spend ridiculous amounts of time thinking stupid thoughts like which is a better example of a double-middle-consonant verb that sounds like what it means, hobble or cobble. When you say the word hobble you immediately think of someone bent over, struggling for the next step. But when you say cobble as in cobbling a… anyway, you get the picture.

DPM pledges 'most stringent controls' on ownership registry

THE Deputy Prime Minister yesterday promised that the proposed Beneficial Ownership registry will have “the most stringent controls”, amid industry concerns over the lack of prior consultation. K P Turnquest told Tribune Business that it was “not an

'Riddled with danger': How insurance VAT hits storm victims

THE continued imposition of VAT on general insurance premiums is “riddled with danger” for that industry, the Government and wider private sector, a respected accountant warned yesterday.Kevin Seymour, also a former Grand Bahama Chamber of Commerce p

FOCOL chairman reveals 'bold plans'

FOCOL Holdings’ chairman says the company has “bold plans” that will soon “transform” its operations, although he provided no details.Sir Franklyn Wilson was speaking at the BISX-listed petroleum products supplier’s annual general meeting (AGM) for t

Water Corp chair warns: Restructuring is coming

The Water & Sewerage Corporation will likely follow other utilities in right-sizing its workforce through voluntary separations, its chairman revealing yesterday: “All options are on the table.”

RoyalStar profits quadruple amid premium 'hardening'

ROYALStar Assurance’s chairman has warned Bahamian insurance consumers to brace for “hardening” premium prices, following a storm-free 2017 in which its profits more than quadrupled.Sir Franklyn Wilson, writing in the property and casualty insurer’s

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National high school soccer champions soak up spotlight

A goal on a header from Charles Allan was all that the Lyford Cay International School needed to clinch the Sam Haven senior boys’ national high school soccer championship title. It took one extra penalty shot for the Lucaya International to take the girls’ title to Grand Bahama.

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WORLD VIEW – For a change: Welcome World Bank advice

ATTENDING a World Bank meeting on April 16, I was shocked to hear a senior official of the organisation say that, in addressing fiscal deficits, Latin American and Caribbean (LAC) countries should not make “shock adjustments”.

Fronting 'more ferocious' if no pre-WTO crackdown

The Bahamas must crack down on widespread ‘fronting’ that threatens to become more “ferocious” once this nation joins the WTO, a governance reformer has urged.Robert Myers, a principal with the Organisation for Responsible Governance (ORG), told Trib

FINCO suffers 67% profits slump in Q1

ROYAL Bank of Canada’s (RBC) mortgage lending arm yesterday unveiled a 67 per cent year-over-year slump in 2018 first quarter profits as ‘bad credit’ woes continued to bite.Robert Johnston, Finance Corporation of the Bahamas (FINCO) chairman, told sh

Price controls ‘out window’ with WTO

The Bahamas Motor Dealers Association’s (BMDA) president yesterday expressed hope that WTO membership will result in price controls “going out the window” to be scrapped. 

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No remorse $600k thief ‘should not be jailed’

A senior probation officer on Friday recommended former College of the Bahamas employee Chimeka Gibbs be given a non-custodial sentence for stealing over $600,000 from the institution over a seven-year period.

Land Registry in 20 years to 'get straight'

Realtors yesterday hailed the Government’s Land Registry plan as taking the Bahamas to “first world status”, but warned: “It will take 20 years to get straight.”Leading industry players, while giving their backing to the Minnis administration’s just-

Bahamas First's 'banner year' as profits up 548%

BAHAMAS First’s chief executive yesterday hailed 2017 as “a banner year” where profits increased almost seven-fold, adding: “Everything we needed to go in our favour did.”Patrick Ward told Tribune Business that the “buildings blocks” laid by the prop