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Business

 
Bahamas seeks seat on UN Human Rights Council
Foreign Affairs Minister Fred Mitchell announced at the 71st Regular Session of the United Nations General Assembly in New York on Monday that The Bahamas is seeking election for membership on the Human Rights Council for the term 2019-2021. Meanwhil...
 
 
Carnival revenue down 15 percent, Turnquest says overspending ‘reckless’
Shadow Minister of State for Finance Peter Turnquest expressed his concerns over the recent carnival financial statistics, calling the government’s spending “reckless”. He added that it is “unbelievable” that once again spending exceeded th...
 
 
Minnis: Christie Administration ‘solely responsible’ for A/C problems at PMH
Prime Minister Perry Christie on Monday sought to link the 2007 Ingraham Administration to the troubles at the $100 million Critical Care Block, where air-conditioning problems have caused the delay of as many as 500 surgeries. Opposition Leader Dr. ...
 
 
Smith:  Compressors by week’s end for PMH
Chairman of the Public Hospitals Authority (PHA) Frank Smith said three of four compressors which failed as a result of electrical power cuts and associated surges were restored as of Monday, with the fourth due to be back online by the end of the we...
 
 
Bazard challenges de-risking narrative
Founding President of the Bahamas Association of Compliance Officers (BACO) Cheryl Bazard questions whether the “perceived risk” of money laundering and terrorism financing has warranted the response of “de-risking”, which has resulted in t...
 
 
Regional exporters face ‘significant barriers’ to China market
High trade barriers coupled with stringent tax policies and subsidies that form more protection for Chinese investors are some reasons why exporters in the Latin America and Caribbean (LAC) region continue to find it hard to penetrate the Chinese mar...
 
 
Florida business interest in Bahamas high, Allen asserts
Companies wanting to do business in The Bahamas should factor in the challenges related to the ‘ease of doing business’ that the country faces beforehand in order to boost the success of their business going forward, said Acting Deputy Chief of M...
 
 
Central Bank releases new bills
In keeping with its commitment to refresh the design and security of its banknotes at least once every ten years, The Central Bank of The Bahamas is pleased to announce the launch of its newest family of banknotes, CRISP Evolution (CE). The CRISP Ev...
 
 
Two-thirds of redundant Sandals workers reapply
A Sandals executive said only two-thirds of the 600 or so employees who were made redundant at Sandals Royal Bahamian on August 15, 2016 turned out for the resort’s job fair. And while the executive said resort management was “disappointed”, ...
 
 
South Florida forum to explore Bahamas business partnerships
Acting Deputy Chief of Mission at the U.S. Embassy in Nassau David Allen highlighted potential economic and investment opportunities in The Bahamas that are available to the South Florida business community. Tomorrow, a “Doing Business with The ...
 
 
CCI council meets for first time in 8 years
The council of the Caribbean Challenge Initiative (CCI) recently met for the first time since the initiative was established eight years ago, with Minister of the Environment and Housing Kenred Dorsett co-chairing the meeting. The CCI is a coalition...
 
 
Groups urge minister to meet before tabling FOIA bill
The Freedom of Information Act (FOIA) 2015 is expected to be tabled in October, but 17 civil society organizations (CSOs) and private sector organizations are demanding to meet with Minister of Education, Science and Technology Jerome Fitzgerald to d...
 
 
‘Stranded asset’ focus on environmental risks in region
The Inter-American Development Bank (IDB) is warning about exposure to “stranded asset risk” and how Latin America and the Caribbean (LAC) are responding to it. Its message comes as The Bahamas’ exploration of its natural and mineral resour...
 
 
Data proves Bahamas well-regulated, Rolle insists
Minister of State for Investments Khaalis Rolle said that rather than highlighting a problem, the leaking of 1.3 million documents from The Bahamas’ corporate registry validates that The Bahamas is a transparent international financial center with ...
 
 
Minnis questions non-payment to CCA contractors
Beginning tomorrow, hundreds of creditors owed by Baha Mar are hoping to collect checks over the next three days for work performed over a year ago at the stalled $3.5 billion megaresort. Meanwhile, Opposition Leader Dr. Hubert Minnis has questioned ...
 
 
Commonwealth SG: Domestic violence costing US$8.3B a year
While speaking on the economic cost of violence against women at the United Nations (UN) General Assembly, Commonwealth Secretary General Patricia Scotland asserted that domestic violence has vast cost implications in countries across the world and c...
 
 
Regional labor leaders: Integrate unions into CARICOM policy
The Caribbean Employers’ Confederation (CEC) and the Caribbean Congress of Labor (CCL) highlighted the need for social dialogue to be integrated into the existing CARICOM (Caribbean Community) structure to allow CCL and CEC representatives to inf...
 
 
AG’s office reviewing leaked files
The attorney general's (AG) office is currently reviewing the database of 1.3 million files leaked from The Bahamas’ corporate registry that include names of directors and some owners of more than 175,000 Bahamian companies, trusts and foundations ...
 
 
Another insurance professional becomes Associate of Captive Insurance designee
The International Center for Captive Insurance Education (ICCIE) has confirmed that yet another professional within The Bahamas’ insurance sector has attained the Associate in Captive Insurance (ACI) designation, having successfully completed the c...
 
 
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 th...
 
 
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