Acting prison chief vows to stamp out corruption

Newly appointed Acting Commissioner of the Bahamas Department of Corrections (BDOC), Charles Murphy, on Monday stressed that he has a zero-tolerance approach for any acts of impropriety at the correctional facility. “I go to work every day just to give service to mankind and to my country,” said Murphy, who has served at the BDOC […]

Ministers meet with EU, OECD to discuss ending tax watchlist

Deputy Prime Minister and Minister of Finance,  K. Peter Turnquest, led a delegation to Brussels and Paris this week, for frank discussions with high-ranking officials within the European Commission and the Organization for Economic Co-operation and Development (OECD) on The Bahamas’ compliance with international standards on tax governance. The meetings also centered around the high-level […]

Businesses granted duty waivers for apparel imports

The Ministry of Finance is inviting retail shoe and clothing merchants to take advantage of the customs duty waiver that is available to businesses to reduce the cost of importing goods. Since the policy was announced in July, with the start of the 2018/2019 budget year, the Ministry of Finance granted waivers to 154 applicants. […]

Chemical spill at Rand Hospital lab under control

Laboratory and Radiology services temporarily suspended on Thursday at the Michaela Virgill Storr Pavilion of the Rand Memorial Hospital in Grand Bahama, following a minor chemical spill in the Laboratory. A statement released yesterday from the Public Hospitals Authority (PHA) outlined that no injuries were reported, however cautionary measures were taken for employees affected to […]

Gov’t. eyes more aggressive increase in Ease of Doing Business rankings

Following the Prime Minister’s mandate to make ease of doing business a top priority for the Government, the Ministry of Finance is spearheading an inter-agency working group to make business faster, cheaper and better in The Bahamas. The incremental move in the latest World Bank Ease of Doing Business ranking is a welcomed sign that […]

Turnquest: Govt. to strengthen enforcement mechanisms following FATF rating

After the Financial Action Task Force (FATF) rated the Bahamas’ money laundering regime as having “strategic deficiencies” that pose a risk to the international financial system, Finance Minister Peter Turnquest said the Government has plans to strengthen its enforcement mechanisms. The move, he said, will ensure that The Bahamas demonstrates to the world that it […]

Turnquest: Blacklisting, watch listing causing disproportionate and unjustifiable harm

Having been placed on the United Kingdom’s watch list for money laundering, Minister of Finance K. Peter Turnquest stressed that the model of blacklisting and watch listing is causing disproportionate and unjustifiable harm, and it is time to create a better way for international cooperation. In fact, Turnquest said Governments in the region are not […]

Turnquest attacks Opposition’s criticism of first quarterly report

Just hours after the Government released its first quarterly report on budget performance, which reflected that the overall deficit had been reduced by 52 per cent, Chester Cooper, the Progressive Liberal Party’s shadow Minister of Finance said while the “snapshot effort” of the Government was commendable, it was still too soon to make empirical conclusions. […]

Eleuthera residents elated after Gov’t. grants approval to Disney

Just days after Disney Cruise Lines was given Government approval to develop a $400 million cruise port on the controversial Lighthouse Point property on the southernmost tip of Eleuthera, several residents on Sunday expressed that they were pleased with the government’s decision. “I am elated,” said Bernadette Sweeting, a resident of Green Castle. “Everyone here […]

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Bahamas Striping takes issue with Auditor General’s report

Atillio Holdings, a subsidiary of The Bahamas Striping Group of Companies, on Sunday expressed grave concern with the latest Auditor General’s Report, which reportedly called into question certain business practices of the company and its ownership of several apartments on Cable Beach. The company said they took the opportunity to review the referenced report in […]