Local Business


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‘False victory’ in blacklist escape

The Bahamas will score a “false victory” if it avoids Europe’s latest “blacklist”, a former finance minister argued yesterday, as it represents another step in the “slow death” of financial services.

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Non-profit ‘wipe out’ fear over new legislation

The Government was yesterday warned it will “wipe out” many non-profit organisations (NPO), and drive away valuable donations, through its new regulatory regime.

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‘No deal breaker’ over landfill deal

The Government expects to close the New Providence landfill’s outsourcing “imminently”, a Cabinet minister revealed last night, adding: “There’s no deal breaker.”

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Govt ‘dilemma’ over local FDI inclusion push

A Cabinet Minister yesterday said the Government faces a “dilemma” over whether it should intervene with foreign investors to secure Bahamian involvement on major projects.

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Govt eyes Mayaguana for Panama Canal ‘port’

A Cabinet Minister yesterday said he intends to “push” for Bahamian involvement in designing, constructing and managing Nassau’s cruise port, while revealing that the Government is exploring the possibility of a port in Mayaguana.

Drive BISX forward by taking brakes off

Three months ago, I suggested that the Bahamas International Securities Exchange (BISX) remove the pricing restrictions that reduce trading in our local market.

Bahamas briefs Swiss, UK on financial sector

A Bahamian delegation has visited Switzerland and London to meet with institutions and intermediaries that play a key role in driving business to the Bahamian financial services sector.

Govt to ‘tremendously’ speed up build permits

The GOVERNMENT is pursuing an electronic platform to process building permit applications, a Cabinet minister said yesterday, in a bid to “tremendously” speed up approvals.

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Business ‘choke point’ withdrawn

The Government yesterday retracted a private sector “choke point” by moving to eliminate the need for companies to supply “certified bank statements” with business licence filings.

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NHI $1,000 cost 'not pulled from out of thin air'

THE National Health Insurance Authority’s (NHIA) chairman yesterday defended the $1,000 premium costing for its basic package, arguing it had not been “pulled out of thin air”.

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OECD/EU: Lawsuits over tax breaks end are ‘your problem’

The Bahamas would have been “blacklisted” had it insisted on existing foreign investors fully enjoying their preferential investment incentives, the deputy prime minister revealed yesterday.

No ‘substance’ to private wealth fear

Private wealth management structures “ought not to” be impacted by The Bahamas’ physical presence response to global anti-tax evasion initiatives, the deputy prime minister said yesterday.

ART OF GRAPHIX: Reaching a ten year milestone

THE ART OF GRAPHIX column is blowing out ten big candles this year. It seemed like yesterday, but how time flies. Yes, November 2018 marks the tenth anniversary of this column. We began this journey in 2008 with the view that one should always cultivate or promote the things we are driven by. We should be prepared to enhance, and share our knowledge and abilities, with a wider platform.

Gov't tables $100 disaster loan plan

The Deputy Prime Minister last night sought parliamentary approval to activate a five-year, $100m emergency loan facility to help The Bahamas cope with natural disasters.

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Cruise bid criticism ‘absolute rubbish’

A Cabinet minister yesterday blasted criticism of the Nassau cruise port bidding process as “absolute rubbish”, adding that it was vital to the destination’s “survival as a premier Caribbean port”.