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Business

 
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 Aba...
 
 
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 ser...
 
 
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 publish...
 
 
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 Ministe...
 
 
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 w...
 
 
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 Novembe...
 
 
Contractors association president on lien law need
While asserting the need for lien laws in The Bahamas, President of the Bahamian Contractors Association (BCA) Leonard Sands revealed that the company in which he is a significant owner is owed $250,000, which has accumulated over the past five years...
 
 
PwC specialists help Caribbean businesses prepare for IFRS 15 & 16 implementation
International Financial Reporting Standards 15 and 16 will have a wide impact on people, policies, processes and systems. The practical application of the standards and applying them to the specific facts and circumstances around a business can be ch...
 
 
Infrastructure, space issues worsening PMH surgery wait
Public Hospitals Authority (PHA) consultant and cardiothoracic surgeon Dr. Duane Sands said the hundreds of patients on a chronic waiting list for surgeries at Princess Margaret Hospital (PMH) are being forced to wait because of serious infrastructur...
 
 
BIA pokes holes in Gomez cost claim
The Bahamas Insurance Association (BIA) has asserted that the National Health Insurance (NHI) legislation passed by Parliament makes it less likely that NHI will reduce private health insurance premiums. In a statement released yesterday, the BIA ...
 
 
IDB examines ‘stranded assets’ in Latin America, Caribbean
So-called “stranded assets” resulting from environment-related risk factors, including the effects of physical climate change and societal and regulatory responses to climate change, have become increasingly prominent. The Inter-American Developm...
 
 
BAMSI integrated into regional agro network
The Bahamas Agriculture and Marine Science Institute (BAMSI) project known as “Agri-Vision 2021” is intended to take local production to the half-billion dollar mark over the next five years, said Minister of Agriculture and Marine Resources V. A...
 
 
Atlantic Medical to host Deepak Chopra wellness event
Atlantic Medical continues with its commitment in helping its clients improve their health and wellbeing. The largest health insurance company will be hosting a free wellness event, “A morning with Deepak Chopra” on Saturday, October 8 at 10 a.m....
 
 
D’Aguilar floats Ho, Guo as potential Baha Mar buyers
Speaking to the identity of a Baha Mar buyer “in the wings” whose identity has been “kept under wraps” by the government, former Baha Mar Director Dionisio D’Aguilar floated the names of two Chinese billionaires as possible buyers of th...
 
 
Kemp: Potter’s Cay costs will ‘skyrocket’
Fears expressed by a third party observer that the money spent on redeveloping Potter’s Cay Dock will “skyrocket to epic proportions” appear to be well founded. The cost of redoing the stalls has jumped from $2 million or so approved in March 2...
 
 
Bahamas on bilateral approach: We have made our choice
Minister of Financial Services Hope Strachan said it was a genuine alternative – offered by the Organisation of Economic Cooperation and Development (OECD) – to implement the bilateral approach and a 2018 implementation date. The bilateral appro...
 
 
World Bank: Decouple economic growth from environmental decline
In the new study “Toward a blue economy: A promise for sustainable growth in the Caribbean”, Dr. Pawan Patil, senior economist in the Agriculture and Environmental Services Department of the World Bank Group (WBG), together with a team of other...
 
 
Louise Cooper Center and scholarship fund paying it forward on Exuma
Chairman and CEO of BAF Global Group I. Chester Cooper recently renamed the company’s Georgetown corporate offices “The Louise Cooper Center”, in honor of his late mother. The event was also the launch pad for the Louise Cooper Scholarship Fun...
 
 
Nassau Conference to focus on competitiveness, include financial services bootcamp
Building on the foundation set by the previous 10 events, the 11th edition of The Nassau Conference is scheduled for Wednesday, September 21, 2016 at the Meliá Nassau Beach resort under the theme “Strengthening our competitiveness”. New this yea...
 
 
Bahamas top luxury destination for second straight year
The Bahamas has been named the Caribbean’s Leading Luxury Destination by the World Travel Awards for the second consecutive year. The Bahamas surpassed Anguilla, Turks and Caicos Islands, Mustique and St. Lucia to win the award. Travel and touris...
 
 
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