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BUSINESS

Deputy Prime Minister and Minister of Finance Peter Turnquest yesterday defended The Bahamas against a recent listing by the United States Department of State on fiscal transparency. The 2020 Fiscal Transparency Report notes that The Bahamas has made no significant progress in meeting the minimum requirements for fiscal transparency, along with countries like

Central Bank bill passed along with other regulatory bills

Parliamentarians yesterday debated and passed a compendium of bills aimed at enhancing governance and the transparency in The Bahamas’ monetary policy and fiscal responsibility framework. The

More must be done to grow locally-owned financial institutions, notes Cooper

More should be done to foster the growth of local banking and financial institutions, Exumas and Ragged Island Member of Parliament Chester Cooper said yesterday, decrying the

MP: Banking remains too difficult for Bahamians

Exumas and Ragged Island Member of Parliament Chester Cooper yesterday condemned the continued difficulties Bahamians undergo to bank in The Bahamas, especially with opening accounts. Cooper, who

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Doctors Hospital reduces staff by 43

Doctors Hospital has made the decision to reduce its full-time staffing level by 43 employees, citing diminished patient activity and revealing a 16.4 percent year-on-year

Contractors association: At least another year or two before Abaco returns to normal

With nearly a year passed since Hurricane Dorian leveled certain parts of Abaco, Bahamian Contractor’s Association President Michael Pratt yesterday said it will be at

Balearia Caribbean resumes sailing

South Florida-based ferry company Balearia Caribbean announced last week that it has resumed service between Port Everglades in Fort Lauderdale, Bimini and Freeport. The company is

BCA president: Skills transfer must happen at Baker’s Bay

Bahamian Contractors Association (BCA) President Michael Pratt said yesterday it’s up to the developers of Baker’s Bay to ensure the proper skills transfer from those

More than $60M paid by NIB to unemployed Bahamians

To date, the National Insurance Board (NIB) has paid out in excess of $60 million in unemployment benefits to more than 34,000 claimants, the board

Bahamas ranks third in region for tourism dependency

A newly released Inter-American Development Bank report lists The Bahamas as fifth in the world and third in the region on the tourism dependency index. In

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TALKING TIPS
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PEOPLE, PASSION AND PROFIT
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