Business

Turnquest: Govt. has no intention to change tax system – at this present time

NASSAU, BAHAMAS – Despite suggestions made by the International Monetary Fund Annual report that The Bahamas should implement a more... read more »

Business

Central Bank: Construction sector to experience a slight slowdown

NASSAU, BAHAMAS – The Central Bank is confirming that the construction sector may experience a slight slowdown as earlier surges... read more »

Business

Financial services execs pledge support of govt. in move to avoid EU’s Blacklist

NASSAU, BAHAMAS – A busy year of persistent modifications to regulations governing the financial services industry may finally be producing... read more »

Business

New Investment Fund Bill a new chapter in Bahamian Financial Services

2019 bill passed in HOA     NASSAU, BAHAMAS – The new Investment Funds Bill, which was passed in parliament... read more »

Business

DPM: Opportunities in Disruption

The Bahamas will likely be affected by a new wave of regulations from countries looking to safeguard their tax dollars,... read more »

Business

Turnquest: $94.7 million in mortgage commitments

NASSAU, BAHAMAS – A surge in domestic construction to $86.7 million by Q3 2018 may not necessarily be duplicated this... read more »

Poll

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Business

Govt.’s 2018/2019 budget guided by stringent fiscal requirements

NASSAU, BAHAMAS — Acting Prime Minister Peter Turnquest said the Government’s 2018/19 Budget was a watershed budget, as it was... read more »

Business

DPM: Moody’s deficit assessment “reasonable and responsible”

Moody’s projects 2-2.5% deficit for 2018/2019; govt. targets 1.8%   NASSAU, BAHAMAS – Deputy Prime Minister and Minister of Finance... read more »

Business

Up to $300k in penalties with stricter guidelines under Substance Requirements Act

NASSAU, BAHAMAS – The government is ready to crack the whip on non-compliant companies with the release of more stringent... read more »

Business

Bahamas listed as world’s top country with highest tariff rates

NASSAU, BAHAMAS – The Bahamas has been listed as number one in the world for countries with the highest tariff... read more »

Business

Govt. grants solar exemptions for $2.2 million in goods

NASSAU, BAHAMAS – Businesses that provide solar power equipment and related services are free to apply to the Ministry of... read more »

Business

CTO projects tourism growth for the region

NASSAU, BAHAMAS – The Bahamas’ rosy projections for tourism growth this year is being backed by The Caribbean Tourism Organization... read more »

Business

Used oil exports can increase 100 percent with concessions extended to local firm

NASSAU, BAHAMAS – The sole Bahamian firm specializing in the export of lubricant oil says it’s up to its nose... read more »

Business

McCartney: Bahamas ‘ought not to have been listed’ on EU’s AML/CFT list

NASSAU, BAHAMAS – The Financial Services sector and the government are on one accord in calling a move ‘not proportionate’... read more »

Business

Yearly 25,000 Japanese car imports to drop as new car sales expected to hike

NASSAU, BAHAMAS – Auto industry insiders are eyeing a possible decline in nearly 25,000 used Japanese vehicles imported into the... read more »

Business

DPM: 0.1% of GDP surplus by 2021/2022

No VAT increase in the next budget   NASSAU, BAHAMAS – While touting the Minnis administration’s fiscal performance during the... read more »

Countdown

Countdown to Fox Hill Festival 2020

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Business

Strong fiscal and economic policies continue to drive economic turnaround

NASSAU, BAHAMAS – The country is on the road to recovery, and the most recent Central Bank report provides further... read more »

Business

BIA: revised timeline for NHI still “very difficult”

Association to complete substantive review of new NHI structure   NASSAU, BAHAMAS – While expressing support for the government’s efforts... read more »

Business

Stamp tax and VAT revenue up substantially

Deficit reduced by 31%, but three quarters used   Government revenue for the first six months of this fiscal year... read more »

Business

House approves $100 million loan facility for disaster emergencies

NASSAU, BAHAMAS – A Resolution to approve the Contingent Loan for Natural Disaster Emergencies in the amount of $100 million... read more »