The Telecommunications Act 2000 came into force on March 25 (see earlier news item). The Public Utilities Commission has assumed responsibility for the licensing and regulation of Batelco – as … Read More
News Briefs
“The Bahamas plans to maintain its international reputation as a clean, well regulated jurisdiction, hostile to money laundering or any other financial crime” Governor-General Sir Orville Turnquest, Speech From The … Read More
BISX Announces Board of Directors
Thirty-eight of the 43 shareholders of the Bahamas International Securities Exchange attended an Extraordinary Shareholders Meeting on March 22. At that time, the shareholders selected the BISX Board of Directors … Read More
Commonwealth Bank To Launch IPO
Commonwealth Bank plans to launch an IPO of three million shares in early April, as part of the bank’s 40th anniversary celebrations. Minimum subscription has been tagged at 50 shares, … Read More
Oceanic Bank Now In Grand Bahama
Oceanic Bank and Trust recently opened an office in Freeport — in the new First Commercial Centre. This second office is headed by Andre Feldman, who points out that the … Read More
BISX Shareholders Meeting
The Bahamas International Securities Exchange has announced that the Securities Commission of the Bahamas and the Central Bank of the Bahamas have approved its Founding Shareholders. An Extraordinary General Meeting … Read More
INCB Commends Bahamas
The recently-released Annual Report of the International Narcotics Control Board (INCB) took note of the efforts of Governments in the Caribbean to work together to reduce money-laundering and tax avoidance … Read More
OECD Report on Harmful Tax Competition
The Bahamas has challenged this Report, telling OECD Officials that the Report lacks balance and discriminates against countries whose tax regimes are unilaterally declared by the OECD to be harmful. … Read More
Current State of The Industry
The Chart above provides an overview of the current state of the Industry
The Telecommunications Act
A Bill for The Telecommunications Act was introduced in the Parliament at the end of 1999 and passed early in the New Year. The Act will create a new legal … Read More