Archive | Business

CA Smith Demits Office In Washington

By K Quincy Parker Former Permanent Representative of the Bahamas to the Organization of American States Cornelius A Smith suggested, in his parting remarks as he demitted office, that the regional body return to its core mandate of promoting democracy, defending human rights, ensuring a multidimensional approach to security and fostering integral development and prosperity. [...]

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Pinder visits Abaco Chamber of Commerce

Visit follows recent Grand Bahama Chamber of Commerce meeting In the latest of a series of intelligence gathering exercises, Financial Services Minister Ryan Pinder recently met with the Abaco Chamber of Commerce to discuss the group’s concerns and present challenges. The meeting follows the Minister’s earlier trip to Grand Bahama where he also visited that [...]

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Schools To Become ‘Technology Centres’

By K Quincy Parker Minister of Education, Science & Technology Jerome Fitzgerald addressed the nation last night on the eve of the 2012/2013 school year, and one of the initiatives he announced was the transformation of schools into what he called “technological centres.” “Schools will be transformed into strong technological centres.” “This goal will become [...]

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Clearing Banks Back Mortage Relief Plan

State Minister for Finance Michael Halkitis said he was among those that sat down personally with the Clearing Banks Association (CBA) to discuss the government’s mortgage relief programme, and on a popular radio talk show last night, he said the programme was something the banks were “prepared to buy into.” This is supported by reports [...]

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Local Authorities Have No Record Of Supposed $36M Megaresort – ‘Financier’ Announces Resort, No Developer Named

By K Quincy Parker The company behind the financing mechanism has announced plans to develop a $36.75 million ‘resort town project’ in The Bahamas, but no resort developer or development partner was named, nor was any location given beyond “a prime bonefishing spot” and – most damning – officials in the Office of The Prime [...]

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Ministers Sound Off on Tax Symposium

Ministers Sound Off on Tax Symposium

Two finance ministers believe that having a tax symposium is moving the country in “the right direction” because the government must form alternative ways to generate revenue. Minister of Financial Services, Ryan Pinder and Minister of State for Investments, Khaalis Rolle told the Bahama Journal on Wednesday that the symposium “is a must.” “There’s always [...]

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Receiving & Unlawful Possession

By K Quincy Parker Disgusted with the failure of the government to shut down cash-for-gold businesses, former Assistant Commissioner of Police Paul Thompson Sr. recently urged the police to ramp up the use of the charges of Receiving and Unlawful Possession. The Journal has examined the Penal Code, and we give below a summary of [...]

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Business Briefs- Bahamian Executives Elected To Regional Board

Two executives of the Bahamas Institute of Chartered Accountants (BICA) have been elected to serve on the Institute of Chartered Accountants of the Caribbean (ICAC) Board of Directors for the 2012/2013 term. At the ICAC’s 63rd Board of Directors Meeting held in St John’s Antigua, BICA First Vice President Zelma Wilson and President Jasmine Davis [...]

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Gov’t Signs $24M IDB Loan

The government yesterday signed two vital multi-million dollar loan agreements with the Inter-American Development Bank (IDB) to initiate social safety net and trade sector reform programmes. Together the loans total $24 million. The signing of the loan agreements marks the next step in the process initiated in the House of Assembly when the government passed [...]

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Ministers: Tax Reform Needed

Ministers: Tax Reform Needed

Two finance ministers believe that having a tax symposium is moving the country in “the right direction” because the government must form alternative ways to generate revenue. Minister of Financial Services, Ryan Pinder and Minister of State for Investments, Khaalis Rolle told the Bahama Journal on Wednesday that the symposium “is a must.” “There’s always [...]

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