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The Bahamas has been praised by the Organisation for Economic Co-Operation and Development (OECD) for the “highly efficient manner” in which it deals with tax information requests, processing 85 per cent within six months of receipt.
A leading credit union yesterday warned it may “have to take other measures” if a prominent Paradise Island resort fails to soon remedy payment arrears dating back to November 2012.
The Organisation for Economic Co-Operation and Development’s (OECD) latest review endorses the “huge strides” the Bahamas has made in meeting its tax information exchange obligations, a leading financial executive said yesterday.
The Bahamian equities market consolidated its fledgling recovery in the 2013 second quarter, data unveiled yesterday shows, with the BISX All-Share Index up 4.49 per cent for the first half.
Cable Bahamas believes that competition in the Bahamian cellular market is “at best two to three years away”, making it “premature” to devise a pricing regime for calls between mobile phones.
Former NBA player turned actor, Rick Fox, recently embarked on a fact-finding mission to Grand Bahama in his new role as a tourism and investment ambassador for the Bahamas.
Esso (Bahamas) may “face some challenges” in getting its multi-million dollar sale to the Barbados-based SOL Group approved by the Government, Tribune Business can reveal.
Bank of the Bahamas International yesterday confirmed it had effectively closed its sole US branch on June 30, after regulatory changes made its business model “non-viable”.
Consolidated Water has confirmed the Water & Sewerage Corporation is examining “alternatives” to extending its Windsor plant water supply agreement for another five years, potentially jeopardising $7.5 million in annual revenues.
A $500 million alternative energy project yesterday pledged that its sea turbines could “generate as much power as this country could ever hope for”, and at rates 50 per cent below the Bahamas Electricity Corporation’s (BEC) existing tariffs.
A Bahamian broker/dealer has slammed US regulators for “contradicting themselves” over whether it should have uncovered an alleged $11.834 million ‘illegal unregistered share offering’.
The Bahamas’ largest life and health insurer yesterday received a boost from the industry’s top rating agency, which upgraded the company’s outlook to ‘stable’ from ‘negative’.
The Bahamas Financial Services Board (BFSB) and the Insurance Commission of the Bahamas have teamed up to provide full scholarships for the Associates in Captive Insurance (ACI) designation.
The Marine Max Annual Lobster Bash’s rendezvous at Resorts World-Bimini marked the end of the summer vacation.
Cable Bahamas last night confirmed that Phaedra Mackey-Knowles, Calvin Knowles and Ministry of Finance official, Simon Wilson, have been appointed to its Board of Directors coinciding with the resignation of Anthony Butler. He remains the company’s president and chief executive.
Pasche Bank & Trust’s legal head, Thamara Saunders-Munnings, has passed the Canadian Chief Compliance Officer qualifying exam after studying with the Nassau-based Securities Training Institute (STI).
A leading aviation executive yesterday said the success of his latest $4 million investment depends heavily on whether the Bahamas retains Category 1 status with the US, with federal inspectors due back in this nation today.
A well-known realtor yesterday said international visitors had more than doubled their share of ‘hits’ on his website, after he expanded into the luxury market within the last six months.
The Bahamas Oil Refining Company’s (BORCO) owner is optimistic that it will recover the full $25 million in damage caused when a ship collided with one of the Grand Bahama-based facility’s jetties.
There is “no reason” for the Government to delay decisions on renewable energy proposals until 2014, a leading proponent yesterday calling for it to reintroduce the recently-withdrawn tender for Family Island project.
Cable Bahamas yesterday confirmed it had closed one of its four Florida acquisitions, purchasing US Metropolitan Telecom for $23.256 million.
FREEPORT – The Government wants to meet with all shareholders in the group seeking to purchase Exuma’s February Point development prior to giving final approval to the $8.3 million deal.
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MINISTER of State for Investments Khaalis Rolle said the Government was moving on its plans to revamp the Bahamas Investment Authority into a “vibrant investment promotion vehicle”, telling Tribune Business that an economic development approach was critical to the survivability of small and medium enterprises.
THERE is “absolutely no question” that affordable housing is a challenge on New Providence according to Bahamas Real Estate Association (BREA) and Arawak Homes President Franon Wilson, who told this newspaper the demand for home ownership was “stronger than ever”.