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  • Bahamas defends VAT increase

    The Bahamas government is mounting an effort to defend its proposal to apply a broad increase in the VAT from 7.5% to 12% on most goods and services, a move that has been met with public disapproval, sparking a protest in Nassau...

  • AM Best downgrades CLICO ratings

    AM Best has downgraded the financial strength rating (FSR) and the issuer credit rating (ICR) on the Bahamas unit of Colonial Life Insurance Company (CLICO), the agency said in a report. CLICO Bahamas' FSR was knocked down to B (fai...