| The Tribune

All Govt’s ‘committed sins’ managing nation

A Cabinet Minister yesterday admitted that successive governments had “committed some sins” in failing to properly manage the Bahamas, as he warned: “The world is leaving us behind.”

Governor: Data, privacy regimes may need reform

The Bahamas may have to reform its data and confidentiality regimes to mitigate the threat posed by the loss of correspondent banking relationships to the financial sector and wider economy, the Central Bank’s governor has warned.

ATLANTIS SWITCH 'DOESN'T ADD UP'

By NEIL HARTNELL Tribune Business Editor A former Bahamas Chamber of Commerce president yesterday said the details surrounding Kerzner International's $175 million debt-for-equity swap did not 'add up', questioning how the new owners would see a return o

Baha Mar takes up Residence in London

Baha Mar takes up Residence in London Khaalis Rolle, minister of state for investments, with members of the Baha Mar team at the launch of their 300-strong high-end Residences properties in London yesterday

Gov’t agrees ‘few hundred thousand’ in VAT credits

The Government has approved “several hundred thousand dollars” of Value-Added Tax (VAT) credit refunds, a top official yesterday promising that businesses would not endure “a protracted wait” to receive them.

Small Business Agency to avoid Mortgage Corp lending pitfalls

Small Business Agency to avoid Mortgage Corp lending pitfalls By NEIL HARTNELL Tribune Business Editor The proposed Agency to facilitate small and medium-sized business growth in the Bahamas is designed to avoid the pitfalls being experienced by the Bah

'CATASTROPHE' WARNING OVER INDUSTRIAL UNREST

By NEIL HARTNELL Tribune Business Editor Widespread labour-related disruption "could be catastrophic" for an already-weak Bahamian economy, the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday warning that this was "po

Minister to activists: Don’t deny us jobs

A Cabinet Minister yesterday urged environmental activists to be “balanced and responsible” when launching legal actions against legitimate developers, warning that these could deny Bahamians much-needed “economic benefits”.

BAHAMAS OUT OF STEP ON 'INFORMATION AGE'

By NEIL HARTNELL Tribune Business Editor The Bahamas must retool its economy and workforce to offer an expanded services menu including software development and retirement homes, the Chamber of Commerce and Employers Confederation's (BCCEC) chairman sugg

CHAMBER CHIEF SUPPORTS GOV'T OUTSOURCING '110%'

By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman has given his "110 per cent support" to the International Monetary Fund's (IMF) call for more services to be outsourced to the private

IMF's 2.5% Bahamas growth is 'a stretch'

THE Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday said it would "really be a stretch" for the Bahamian economy to achieve the newly-released International Monetary Fund's (IMF) projected 2.5 per cent GDP growth rate for 2012, unless it and the Government knew something 'outsiders' did not.

Governor to ‘bridge gap’ between banks, web shops

The Central Bank’s governor has reaffirmed his commitment to “bridge the gap” between the commercial banking industry and web shop operators, and help ease his licensees’ compliance concerns.

Business Licence's real property tax 'tie' questioned

By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman last night questioned whether it was legal for the Government to link Business Licence renewals to full real property tax compliance,

Business Licence's real property tax 'tie' questioned

By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman last night questioned whether it was legal for the Government to link Business Licence renewals to full real property tax compliance,

Governor: ‘Credible’ growth plan key to satisfying Moody’s

The Central Bank’s governor yesterday said it was “within the Government’s reach” to lay out an economic growth strategy that convinces Moody’s not to further slash the Bahamas’ credit rating.