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International link sees UB join forces with Cambridge

AN INTERNATIONAL link-up has seen the University of The Bahamas (UB) partner with the University of Cambridge and the Securities Commission of The Bahamas to provide a Fintech and Innovation programme.

IAN FERGUSON: Ignore succession plan at your peril

In every echelon of our society, we face this common dilemma. Businesses (private and public), religious sects, political parties and civic groups all fail to establish strategic succession plans to secure the future success and viability of their organisations. Business owners, church leaders, politicians and other community leaders often operate with a sense of immortality, thinking that death or separation will not come.

EDITORIAL: Diplomacy and persuasion the best option

PEOPLE absorbed in their personal pursuits and blissfully unaware of the ebb and flow of international affairs might be forgiven for wondering what all the fuss was about this week in Singapore. Was the summit between the United States President and the leader of a relatively small country in Asia really the most significant such meeting in modern times, as some in the media had been claiming? The hyperbole of the international press showed no bounds in seeking to report the news in the most dramatic terms.

EDITORIAL: An uncertain world going into 2017

WITH THE onset of a new year, world politics are now dominated by changes set in train during 2016. All eyes are on America and Russia, the Middle East and the future of the European Union.

Bahamas secures additional 'sponsored exemption' under FATCA

THE Bahamas has secured “sponsored exemptions” from the US Foreign Account Tax Compliance Act (FATCA) for Foundations, Financial Services Minister Ryan Pinder recently revealed, telling Tribune Business that six vendors had made the preliminary short list to build a FATCA reporting system.

Broker severs ties with ex-investor over $1m ‘misuse’

A Bahamian broker/dealer yesterday said it had severed all ties with a former shareholder after he allegedly misappropriated $1 million that was intended to be an equity investment in the firm.

The vicious cycle of lockdowns, downgrades and stimulus cost

In the second of a three-part series, Hubert Edwards analyses the challenges confronting The Bahamas as it seeks to secure sufficient funding to ride-out the COVID-19 storm.

Workshop aims to tackle violence against women

SENIOR officials from a number of essential governmental ministries, corporations and agencies and private sector partnerships began meeting Tuesday at a “Skills Building Workshop for Human Rights-Based Monitoring on State Action on Gender-Based Violence”.

Lyford Cay International Schools sends delegates to Model UN Symposium

LYFORD Cay International School sent a team of 11 delegates and two chaperones to the Model United Nations Symposium in Montreal, Canada.

Pandemic exposes lack of immigration enforcement

Immigration takes place when a country permits non-nationals from other nations to stay (reside) within its borders rather than “come and go” for visiting purposes. Immigrants, meaning those who migrate to another country through immigration, signifi

Bahamas 'got everything needed' on tax exchange

The Bahamas “got everything we wanted” from this week’s OECD Global Forum meeting, with its stance on how the automatic exchange of tax information should be implemented accepted by the international community.

Darville tells World Assembly of healthcare plans

HEALTH Minister Dr Michael Darville said the government is working to recruit public health specialists and allied health professionals to pave the way for telemedicine platforms and the digitisation of medical records.

Customs overhauls to focus on 'best practice'

A $1.38m consultancy contract will examine whether Bahamas Customs’ operating procedures meet “best practices” in a global trade environment, the deputy prime minister said yesterday.K Peter Turnquest explained that TTEK will examine the “overall str

‘Tax expert’: OECD won’t buy Bahamas tax exchange route

The ‘tax expert’ quoted in The Economist’s full-scale attack on the Bahamas warned two months ago that the OECD would never accept this nation’s preferred tax information exchange approach, and asked: “What koolaid are you drinking?”

Bahamas bank accounts targeted for US seizure

Accounts at two Bahamian banks, alleged to contain bribery proceeds from a massive $1.2bn money laundering scheme tied to top Venezuelan officials, are targeted for seizure by the US government. Court documents obtained by Tribune Business reveal tha

Financial firm bucks ‘contraction’ trends

A Nassau-based financial services provider yesterday said it was “bucking the trend” of contraction in the Bahamian financial services sector with the launch of its own private bank and trust subsidiary, its chairman telling Tribune Business: “It simply gives us less competition”.

Time to prioritise social justice

May 1 is widely known as Labour Day, a day when we celebrate the contribution of workers worldwide. It is a moment for pride, celebration and hope.

Going the extra mile on compliance culture

Globally, many companies have struggled to meet investor expectations and remain competitive following the COVID-19 pandemic’s start. Regulatory environments have been enhanced, both globally and locally, to protect stakeholders while simultaneously cultivating an atmosphere for innovation and growth.

Inactive account owners face 60% reclaim time cut

The Central Bank is proposing to slash by 60 per cent the time allowed for owners of some $86 million in inactive accounts to claim their funds, as it moves “more in line” with global standards.

INSIGHT: Time to rock the boat

AS a small island state, The Bahamas is often subject to the whims of other nations. It’s rare that we get to impact world affairs.

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