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Business


  • Bahamas questions attack on bilateral information exchange

    In the wake of a “leak” of 1.3 million files from the Registrar General’s Department, the Ministry of Financial Services has affirmed its commitment to “the transparency of its corporate registry”. And as the “leak” was pounced on by the International Consortium of Investigative Journa... Read More
  • Illegal immigration to Bahamas ‘unsustainable’ PM says

    Prime Minister Perry Christie lamented the problems associated with the irregular migration of Haitians and Cubans, while adding it is “unsustainable” and presents both economic and social challenges for The Bahamas. "No longer can we act as if it’s 'business as usual’. A more concerted eff... Read More
  • PAC chair: Speaker should intercede

    It has been nearly two years since a dormitory at the Bahamas Agriculture and Marine Science Institute (BAMSI) burned down, leaving serious questions unanswered about government procurement processes and other issues, and Public Accounts Committee (PAC) Chairman Hubert Chipman yesterday reported... Read More
  • Autonomy means no govt control over university fees

    Minister of Education, Science and Technology Jerome Fitzgerald has indicated that the University of The Bahamas (UOB) – under the autonomy granted by the University of The Bahamas Act – would be free to raise fees if the institution so desired. Fitzgerald said the government has “very little... Read More
  • Healthcare a ‘runaway train’, Turnquest says

    Shadow Minister of State for Finance Peter Turnquest warned that healthcare is a “runaway train” if it is not properly managed and controlled. “It cannot be a political process where the politicians are in control of who gets care and who joins the back of the line. This is a complex area and... Read More
  • PM: Register Abaco second homes and rental villas

    Prime Minister Perry Christie yesterday demanded that Abaco entrepreneurs ensure the nearly 800 second homes and rental villas on Abaco registered with the Ministry of Tourism are licensed and pay license fees and taxes. Speaking at the annual Abaco Business Outlook (ABO) hosted by The Counsell... Read More
  • Minister: No level playing field for The Bahamas

    According to Minister of Financial Services Hope Strachan, in reality there is no level playing field for small international financial centers like The Bahamas. She added that government revenue would increase as a result of the automation of services within government departments such as the Re... Read More
  • 1.3 million files leaked from Bahamas

    A cache of 1.3 million files leaked from The Bahamas’ corporate registry provides names of directors and some owners of more than 175,000 Bahamian companies, trusts and foundations registered between 1990 and early 2016. The information was published yesterday by the International Consortium of In... Read More
  • Minister explains Potter’s Cay Dock spending

    The Ministry of Transport and Aviation has spent $2.1 million so far on the first two phases of the redevelopment of Potter’s Cay Dock - within budget, with the third phase set to cost about $1 million, according to Transport and Aviation Minister Glenys Hanna-Martin. Hanna-Martin spoke with Gu... Read More
  • CARPHA executive: Zika cases ‘tip of iceberg’

    Executive Director of the Caribbean Public Health Agency (CARPHA) Dr. James Hospedales has argued that the number of confirmed Zika cases is just the “tip of the iceberg” and is not a true reflection of the reality of those potentially infected with the virus. Using a graphic titled “Lab conf... Read More
  • Funding, revenue mechanism long-term goal of university

    President of The College of The Bahamas (COB) Dr. Rodney Smith said a long-term goal of the University of The Bahamas (UOB) is to have its own source of revenue and funding mechanisms in place. The university’s official charter day will be November 10, 2016. “We will continue to receive some g... Read More


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