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Insurers: Don’t sleep on EU blacklisting ‘breathing room’
The Bahamas must not fall asleep after it gained “two years’ breathing room” to escape the European Union’s (EU) tax blacklist and preserve up to 40 percent of its hurricane reinsurance capacity, insurers are warning.
FTX shows Bahamas can’t ‘live or die’ by one investor
Governance reformers are arguing that FTX’s implosion further reinforces that there is “no silver bullet to solve our economic growth issues coming out of Dorian and COVID-19”.
‘Lots of muscle’ required for $142m toxic BOB pile
The Bank of The Bahamas bail-out vehicle must now employ “lots of muscle” to recover its remaining “toxic” loan collateral valued at $142m, its chairman revealed yesterday.
‘I want Schooner Bay progress’, says ex-PM
An ex-prime minister yesterday asserted he wants to see “progress and development” at an Abaco community once held up as sustainable development model following its baffling break with a former management partner.
‘Unprecedented’: Hotel staff enjoyed slow season boost ‘unpred
Many hotel staff worked “unprecedented” five-day weeks during the tourism season’s slowest months, a union leader revealed yesterday, as he bids to complete multiple new industrial agreements in early 2023.
Realtor has ‘never seen such high rental rates’
A Bahamian realtor says he has “never seen such high rental rates” as now exist in some of western New Providence’s most upscale communities with demand in this segment now suppressing available-for-sale inventory.
Learn from necessity as our ancestors did
By Simon Cooper Res Socius The world changed irrevocably after the September 11 attacks and the international economic crisis, which keeps on rolling. Everything we believed in took a knock. People are a lot more cautious, and the employment umbrella we
CCA: We’ll ‘be laughed at by world’ if Baha Mar not open
Top executives at Baha Mar’s main contractor voiced fears they would “be laughed at by the world” if the mega resort’s target 2015 opening was missed while admitting to multiple “shortcomings and deficiencies” in its construction.
IDB brands price controls ‘poorly targeted subsidy’
The Government’s price controls are a poorly-targeted mechanism to counter soaring 16 percent food inflation as they benefit the rich as much as low income and vulnerable families, a multilateral lender is arguing.
Water Corp: $1.2m claim was resort financing ploy
The Water & Sewerage Corporation has defeated a $1.227m damages claim for trespass that it alleges was merely a ploy attempting to force it to finance a planned Andros eco-resort.
Ex-AG: Don’t let ‘proper’ FTX collapse probe slide
A former attorney general yesterday warned The Bahamas against letting a “proper probe” into FTX’s implosion slide because of its perfect score in the financial crime fight and Sam Bankman-Fried’s departure.
Investor seeking $2.7bn in South Ocean dispute
A controversial Austrian investor is pledging to seek an extraordinary $2.7bn in damages if his attempted acquisition of New Providence’s 384-acre South Ocean resort is ultimately thwarted.
Sarkis loss ‘over $3bn’ if Baha Mar hit targets
Sarkis Izmirlian would so far have “lost more than $3bn” in potential profits alone if the Baha Mar resort from which he was ousted hit his financial projections, an analyst’s report has calculated.
CCA: WE SHOULD TAKE ADVANTAGE OF BAHAMAS – Contractor reached out for help to son of top govt advisor
Baha Mar's main contractor asked the son of Perry Christie's top policy adviser to intervene when his father proposed changing The Pointe's Heads of Agreement over how many Bahamian construction workers would be employed.
‘Unenviable balancing act’ confronting The Bahamas
The Bahamas “faces an unenviable balancing act between food security and fiscal discipline”, the Inter-American Development Bank (IDB) warned yesterday, with global financial developments proving “particularly concerning”.
Bimini Big Game unveils new logo
THE Bimini Big Game Club Resort & Marina's owners have unveiled as new logo design that will represent the 51-room property in all future marketing and branding initiatives.
ENDING SACRED COWS CAN BE CONSTRUCTIVE
By Simon Cooper Res Socius There's an ebb and flow to everything in life. The tides go in and out. After harvest we return the stubble to the field. When we die our mortal remains return to earth or sea. As one business dies, the competition claims its p
BONDED VEHICLE WOE IN FREEPORT
By NEIL HARTNELL Tribune Business Editor Bahamas Customs is insisting that Freeport residents who have bonded vehicles to operate part-time businesses cannot use them to travel to/from their main jobs, a former Grand Bahama Chamber of Commerce president
BONDED VEHICLE WOE IN FREEPORT
By NEIL HARTNELL Tribune Business Editor Bahamas Customs is insisting that Freeport residents who have bonded vehicles to operate part-time businesses cannot use them to travel to/from their main jobs, a former Grand Bahama Chamber of Commerce president
BONDED VEHICLE WOE IN FREEPORT
By NEIL HARTNELL Tribune Business Editor Bahamas Customs is insisting that Freeport residents who have bonded vehicles to operate part-time businesses cannot use them to travel to/from their main jobs, a former Grand Bahama Chamber of Commerce president
