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Financial Services launches internship program
The Ministry of Financial Services has launched its six-week summer internship program, which aims to mold the next generation of Bahamians and jumpstart their careers in the sector.
Minister of Financial Services Ryan Pinder said enabling youth to ... |
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Teslyk: High-end real estate on the rise
Scotiabank (Bahamas) Limited executives are reporting an increase in business from its affluent clients looking to purchase high-end real estate.
While there seems to be a “leading edge” in that area, the bank’s managing director, Kevin Teslyk... |
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Govt imposes higher taxes on banks
Financial institutions in The Bahamas can expect more fees and higher taxes on their activities as government seeks to pull revenue from arguably the most profitable sector of the economy.
In yesterday's budget communication to the House of Assembly... |
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BAPA chief slams $4M Andros institute
The Bahamas Agricultural Producers Association (BAPA) is tossing cold water on the Progressive Liberal Party’s (PLP) plans for a $4 million institute on Andros.
Although boosting the struggling sector is welcomed by those in the industry, consider... |
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VAT proposal to be released this summer
The government is powering ahead with the implementation of value-added tax (VAT) by July 2014 and claims it will pass relevant legislation by the end of this year.
Draft legislation for the much-anticipated tax, representing perhaps the most radica... |
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Bahamian ‘Mardi Gras’ slated for 2015
The government has set aside $1 million for the creation of Bahamian Carnival or Mardi Gras to start in 2015.
Prime Minister Perry Christie made the announcement yesterday during his contribution to the 2013-2014 budget communication in the House of... |
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Infrastructure to get private sector boost
The government is looking to spend just $295 million on capital expenditures in the next fiscal year, although projects could receive a major shot in the arm from a renewed focus on public-private partnerships.
Prime Minister Perry Christie made the... |
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Greene: Copper thieves caused Clifton Pier incident
The Bahamas Electrical Workers Union (BEWU) believes that the alleged sabotage at the Bahamas Electricity Corporation’s (BEC) Clifton Pier power station this week is actually another case of copper theft.
Stephano Greene, the president of BEWU, al... |
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BDMA disappointed by vehicle duty proposal
Upcoming changes to the customs duty on vehicles could trigger a shift in the used car market, with the head of the Bahamas Motor Dealers Association (BDMA) saying new car sales will become disadvantaged.
Fred Albury told Guardian Business that the ... |
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CIArb appoints Sawyer as official patron
The Bahamas branch of the Chartered Institute of Arbitrators (CIArb) recently announced the appointment of world-renowned jurist and legal scholar Dame Joan Augusta Sawyer, DPE, PC as its official patron.
The former chief justice and president of th... |
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Darville supports ‘Save The Bays’ initiative
Passionate human rights activist and Save The Bays Director Joseph Darville engaged the members of Rotary’s Grand Bahama Sunrise Club recently as he spoke about “Rape, Pillage & Wanton Destruction of Our Patrimony Heritage of Land & Sea... |
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Govt blasted on capital’s drainage
The former minister of works and urban development is blasting government for failing to ensure local contractors adequately clean storm sewers and wells in the capital.
Neko Grant, the member of Parliament (MP) for Central Grand Bahama, called on t... |
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WSC pursues 40% more market share
The Water and Sewerage Corporation (WSC) is trying to win back up to 40 percent market share in the coming years after gutting the capital's leaky infrastructure.
The state-owned corporation, now in the midst of a $83 million overhaul, only has a ma... |
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Aviation experts urge 10% duty removal
Expensive import duties on planes entering the country could hurt the aviation sector and prevent the successful creation of a long-awaited aircraft registry, according to experts in the field.
By imposing a 10-percent duty on planes coming into the... |
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Abaco airport runs $3.8m over budget
The government will spend an additional $3.8 million to finish construction on the Marsh Harbour International Airport by the end of this summer.
Philip Brave Davis, deputy prime minister and the minister of works and urban development, made the ann... |
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Bahamian invests in $2M Abaco B&B
A growing community in Abaco has created at least 35 new jobs through the establishment of new businesses ahead of the peak boating season.
Schooner Bay, which includes a large protected harbor, recently opened its gas dock and will open a general s... |
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Lewis: FATCA presents ‘challenges’ for hedge funds
Hedge funds and private equity funds will likely have to overcome implementation challenges and undertake substantial work in order to comply with the new Foreign Account Tax Compliance Act (FATCA) regulations, according to a top accounting executive... |
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‘May Madness’ heading to The Bahamas
The Extreme Kayak Fishing Tournament, called “May Madness”, that recently drew 100-plus kayak participants to Pompano Beach, South Florida, is expected to move to The Bahamas in April 2014.
The sport, which involves fishing from a kayak, is expe... |
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CBL reopens Oakes Field in record time
One week after fire forced the closure of its busy Oakes Field branch, Commonwealth Bank announced yesterday it will reopen branch operations in a 5,000-square-foot temporary location on John F. Kennedy Drive as early as today, May 29.
"The temporar... |
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Sands welcomes Consular Corps
CEO of Bahamian Brewery, James ‘Jimmy’ Sands, was on hand last week to welcome the 13 delegates of the Honorary Consular Corps in The Commonwealth of The Bahamas, who visited the island to hear about possible opportunities for investing in the Gr... |
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