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THE Bahamas Electricity Corporation’s (BEC) accounts receivables currently stands at $120 million to-date, its executive chairman yesterday estimating that the utility monopoly would suffer a loss of $20-$22 million for its current financial year.
The Securities Commission’s newly-appointed interim chief yesterday said he would “definitely focus” on whether publicly listed companies were meeting their legal requirements on the timely disclosure of material information.
A top banker has warned that the uncertainty created by the proposed Value-Added Tax (VAT), and other government initiatives facing the sector, has caused institutions to place new hires and capital expansion projects on hold.
The Government plans to table the long-awaited Small and Medium-Sized Enterprises Development Bill when Parliament reconvenes next month, it was confirmed yesterday.
THE Bahamas Electricity Corporation’s (BEC) executive chairman said yesterday that 5,000 residential customers remain without electricity, as he announced a two-week amnesty on further home disconnections.
THE Government remains “confident” that it will hit its July 1 target date for Value-Added Tax (VAT) implementation, a Cabinet Minister yesterday disclosing that the draft law and regulations for the new tax should be released by end-September.
Sandals Emerald Bay has exploited the traditional low point in the tourism cycle to fully engage its Hospitality Training Programme (HTP), taking on 18 additional team members.
Should a designer start their career in-house or forge ahead as a freelancer from the outset?
While the capital markets “absolutely” need a credit rating agency, the Bahamas International Securities Exchange’s (BISX) chief executive yesterday said its absence would not be “a total stumbling block” to his commercial paper ambitions.
Value-Added Tax (VAT) 'could have a devastating effect' on Freeport's economy by causing a contraction in consumer spending, an Opposition MP warned yesterday.
After a three year absence, Hillary Deveaux has returned to the Securities Comnmission as its interim executive director, replacing the recently-departed Dave Smith.
Construction activity is ramping up at the $200 million Palm Cay project, whose first condominium offering is close to being 100 per cent sold.
Thirty-nine employees at the Grand Bahama Shipyard (GBS) have received internationally-recognised certificates after completing various training programmes.
A Cabinet Minister yesterday said the Bahamas was still on schedule to accede to full World Trade Organisation (WTO) membership by year-end 2014.
The Bahamas Financial Services Board (BFSB) and the Insurance Commission of the Bahamas (ICB), through a selection committee, have chosen recipients for the two scholarships being provided for the Associates in Captive Insurance (ACI) designation.
Attorney Wilfred Bain has passed the Chief Compliance Officer qualifying exam after studying with the Nassau-based Securities Training Institute (STI).
By NEIL HARTNELL
By NATARIO McKENZIE
By NEIL HARTNELL
By NEIL HARTNELL
By NATARIO McKENZIE
Major cruise lines warned the Government almost four months ago that they were set to issue warnings to their passengers about the crime threat on New Providence.
Humour is used in marketing all the time. Sometimes they get it right, and sometimes they bomb. By D’Arcy Rahming
The Grand Bahama Port Authority's (GBPA) departing chairman last night told Tribune Business he had 'delivered on all the things I went in there for.'
A top realtor yesterday said he had decided to 'get aggressive' in trying to sell the renowned Windermere Island Club