In-land revenue upgrades web platform, takes NIB business registration online

A new integrated online application process for obtaining and renewing business licenses, will make it easier for employers and self-employed individuals looking to and currently operating in this jurisdiction, to obtain their licenses. The Department of Inland Revenue (DIR) just recently upgraded its online platform to allow for the integration of the National Insurance Board’s […]

Measures to improve Bahamas’ Ease of Doing Business ranking discussed at investment seminar

The Bahamas’ global ease of doing business ranking could be on the rise as government has announced initiatives aimed at improving how business is conducted. Minister of Financial Services, Trade & Investment, Brent Symonette said recently, that the areas currently under review are the business license process, the investor proposal process and various immigration processes, […]

Blockchain technology set to revolutionise business practices in The Bahamas

NASSAU, The Bahamas — Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest said that Blockchain technology has the potential to revolutionise the way business is done in The Bahamas. During the “Understanding Blockchain Technology Applications: What You Need to Know” workshop hosted by the Inter-American Development Bank (IDB) at Baha Mar Convention […]

The Latest: Agriculture secretary to skip State of the Union, Trump to hail ‘our new American moment’

WASHINGTON (AP) — The Latest on President Donald Trump’s State of the Union speech (all times local): 6:50 p.m. Agriculture Secretary Sonny Perdue will skip Tuesday’s State of the Union address, serving as the so-called “designated survivor.” A member of the presidential line of succession traditionally skips the address to the joint session of Congress […]

Symonette discusses Bahamas as commercial arbitration centre

By Betty Vedrine, Bahamas Information Services NASSAU, The Bahamas — Minister of Financial Services, Trade and Industry and Immigration, the Hon. Brent Symonette says that the government is committed to easing the way business is conducted in the country. The Minister made the comments while delivering opening remarks at the 6th Annual Arbitration and Investment Seminar, […]

Intellectual Property Consultative Stakeholders’ Meeting – Day One

NASSAU, The Bahamas — Acting Registrar General Deirdre Clarke-Maycock addressed opening sessions of the Intellectual Property Consultative Stakeholders’ Meeting with public sector personnel today to discuss draft intellectual property regulations, at Paul Farquharson Centre, Police Headquarters.  Day Two of the meetings is scheduled for tomorrow, with consultations involving private sector stakeholders.  (BIS Photos/Patrick Hanna)

Saudi authorities net $106 billion in corruption settlements

By AYA BATRAWY, Associated Press DUBAI, United Arab Emirates (AP) — A wide-reaching anti-corruption campaign shrouded in secrecy and intrigue has netted more than $106 billion in financial settlements with 56 people remaining in custody, Saudi Arabia said on Tuesday. Saudi Attorney General Saud al-Mojeb said the settlements reached include seizure of real estate assets, commercial […]

Govt. to complete sale of Grand Lucayan, Memories Resorts this year; announces new Sunwing deal

  By Matt Maura, Bahamas Information Services NASSAU, The Bahamas – The Government of The Bahamas’ plan for the restoration of the Grand Bahama economy is well underway with the private acquisition and management of the Grand Lucayan assets, including the hotels, the golf courses and the casino, Prime Minister, Dr. the Hon. Hubert A. […]