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Atlantis 'savours' $1.9bn refinance

Atlantis was yesterday said to be “savouring” its completed $1.9 billion debt refinancing, its owner having invested some $500 million in the property since taking control two years ago.

Lessons to learn in regulatory debacle

Dear Sir, Re: ONTARIO SECURITIES COMMISSION (OSC) and AMERON OIL AND GAS LTD et al. The news that Gaye Knowles was forced to settle with the OSC in the case originally brought against him and others, including Ameron, Mx-IV, Anthony Howorth and Giorgio

Ex-minister files suit against BREA

A former PLP Cabinet Minister yesterday confirmed he had instructed his attorney to proceed with legal action against the Bahamas Real Estate Association (BREA) for publicly naming him among 70 realtors who had allegedly failed to pay their annual licence fees.

In STEP with tax planning

In STEP with tax planning The Society of Trust and Estate Practitioners (STEP) Bahamas branch has held its first half-day tax seminar, with speakers from three jurisdictions presenting on Taxation and Tax Reporting Requirements of Offshore Structures. T

Oil explorer: New fiscal regime does not apply to us

The Bahamas Petroleum Company’s (BPC) chief executive yesterday said the Government’s increased ‘take’ from oil exploration would not apply to its activities, because its fiscal terms were already set.

Bahamas can take $5-$10bn premium 'captive' with focus

Bahamas can take $5-$10bn premium 'captive' with focus By NEIL HARTNELL Tribune Business Editor The Bahamas could attract between $5-$10 billion in premium income within five years if it made a concerted effort to re-establish itself as a captive insura

Bahamas faces more financial consolidation

Bahamas faces more financial consolidation By NEIL HARTNELL Tribune Business Editor With 40 per cent of Swiss private banks eyeing foreign acquisition targets, a leading accountant yesterday predicted further consolidation in the Bahamian financial serv

Ex-minister pledges to battle $2.57m reversal

An ex-Cabinet minister has pledged "to fight on principle" a $2.57 million damages award against himself and his law firm, which the Court of Appeal last week backed as enforceable.

Union chief: ‘No way’ would I breach law and Bar regulations

A trade union leader yesterday said there was “no way” he would have agreed to an illegal ‘contingency fee’ in taking on Sandals Royal Bahamian all the way to the Privy Council.

Royal Bank takes top wealth management honours in Caribbean

Royal Bank of Canada's (RBC) regional wealth management arm has been recognised for providing the best private banking services in the Caribbean by Euromoney, a global banking publication. RBC, which markets itself as the sixth largest wealth manager in t

COMMUNICATIONS REVENUES FALL 7%

By NEIL HARTNELL Tribune Business Editor The Bahamian communications industry's total revenues decreased by 7 per cent year-over-year in 2010, falling from $460 million to $428 million, as the sector's regulator pledged to introduce "universal service ob