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'Rife with fraud': Developer sounds crowdfunding alarm
A prominent real estate financier yesterday warned against crowdfunding as a means to finance Bahamian entrepreneurs because it could be “rife with fraud”.David Kosoy, Sterling Global Financial’s chairman, while addressing capital raising challenges
WORLD VIEW – St Vincent on the UN Security Council: More valuable than coin
MAKE no mistake about it, the election of St Vincent and the Grenadines – one of the world’s smallest states – to a non-permanent seat on the United Nations Security Council (UNSC) is both an important and timely event.
'One-stop shop' to exploit 50% foreign investment cost cut
RoyalFidelity will tonight launch a “one-stop shop” investment management platform that aims to exploit the more than 50 percent cut in the premium Bahamians pay to invest overseas.Michael Anderson, pictured, the Bahamian merchant bank’s president, t
‘From strength to strength’ on FATF delisting
THE attorney general has voiced optimism the financial services industry will go “from strength to strength” after The Bahamas’ efforts to shore up its anti-financial crime regime gained global approval.
Tributes to Peggy Hall
MARGARET “PEGGY” HALL, businesswoman, park warden, conservationist, and boating enthusiast died peacefully at her home in Georgetown, Great Exuma, on January 3, 2013, in her 90th year.
BUSINESS BITES: Bahamians become foreign investors while BISX slumbers
Suddenly, Bahamians are becoming more aware of the vast universe of investments percolating in securities markets beyond our shores.
More than 500 cell phones confiscated at prison
STAFF of the Bahamas Department of Correctional Services confiscated 502 cell phones during the 2018-2019 fiscal period, an increase of 12 percent compared with the previous period when 449 phones were collected, National Security Minister Marvin Dames revealed yesterday.
DEREK SMITH: Sanctions regimes that matter for us
According to the International Monetary Fund (IMF), Vladimir Putin’s war with Ukraine - and the sanctions that followed - will have a serious impact on the global economy. Despite the highly fluid conditions, and extraordinary uncertainty, surrounding the outlook, the economic impact is already being felt throughout the world with the affect on supply chains causing rippling economic shock waves.
Bahamas hosting anti-financial crime training
The Financial Action Task Force’s (FATF) week-long flagship training course on combating financial crime began for Bahamian and regional regulators this morning.
Kerzner bids its Atlantis farewell
Kerzner International said yesterday the Atlantis brand has been driving significant development in new markets such as Dubai and China, and was continuing to expand the brand globally.
Chinese President speaks at CELAC
THE PRIME Minister of The Bahamas, Philip “Brave” Davis, returns from the seventh summit of the Community of Latin American and Caribbean States (CELAC) today.
Minister Ferreira participates in renewable summit
A CABINET minister has attended an international conference focusing on the expansion of renewable energy usage.Romauld Ferreira, minister of the environment and housing, joined 1,100 delegates from more than 150 countries at the eighth session of th
Ministers in trip to meet US Attorney General
A TEAM of senior government ministers travelled to Washington DC on Friday for high level talks with United States Attorney General Eric Holder.
‘Credit crunch’ fear if Baha Mar’s bid for Chapter 11 succeeds
A prominent businessman has warned that international lenders may refuse to extend credit to Bahamas-based companies and developments were Baha Mar’s Chapter 11 bankruptcy reorganisation to succeed.
People traffickers using Bahamas as transit route
NATIONAL Security Minister Marvin Dames said there has been an increase in recent years of females being transported through The Bahamas for sexual and domestic exploitation.
Accountant opposed by own creditors committee
An accountant is facing opposition from his own liquidation committee as he bids to obtain over $1m in compensation for efforts to wind-up a collapsed Bahamian broker/dealer.
Financial analysts meet the Commission
The Certified Financial Analysts (CFA) Society of the Bahamas (CFASB) has met with Securities Commission of the Bahamas (SCB) representatives for dialogue on matters impacting the sector.
Commission petitions for broker/dealer’s ‘compulsory’ wind-up
The Securities Commission is petitioning the Supreme Court to place a Bahamian broker/dealer into compulsory liquidation, and appoint a provisional liquidator to wind it up.
Financial sector addresses EU's funds initiative
The Bahamian financial services industry and regulators have moved to understand the potential impact on this nation’s investment fund sector from recent European Union (EU) initiatives.
$400k building donated to help hospital staff
THE Princess Margaret Hospital Foundation is delighted to announce the donation of a modular administration building to the hospital by NB Global Solutions.