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BAHAMAS 'NOT DONE VERY GOOD JOB' OVER TRADE NEGOTIATIONS

By NEIL HARTNELL Tribune Business Editor Both the Government and the private sector have done a poor job in preparing for, and negotiating, international trade agreements affecting the Bahamas, the Chamber of Commerce and Employers Confederation's (BCCE

BAHAMAS 'NOT DONE VERY GOOD JOB' OVER TRADE NEGOTIATIONS

By NEIL HARTNELL Tribune Business Editor Both the Government and the private sector have done a poor job in preparing for, and negotiating, international trade agreements affecting the Bahamas, the Chamber of Commerce and Employers Confederation's (BCCE

BAHAMAS 'NOT DONE VERY GOOD JOB' OVER TRADE NEGOTIATIONS

By NEIL HARTNELL Tribune Business Editor Both the Government and the private sector have done a poor job in preparing for, and negotiating, international trade agreements affecting the Bahamas, the Chamber of Commerce and Employers Confederation's (BCCE

Mortgage Corp's woes 'not good' for 70% of contractors'

Mortgage Corp's woes 'not good' for 70% of contractors' By NEIL HARTNELL Tribune Business Editor The Bahamas Mortgage Corporation's (BMC) 'going concern' woes are "not good news" for 70 per cent of Bahamian contractors who rely almost solely on the resi

'PRIORITISE' TAX EXTENSION FOR FREEPORT IN 2015

By NEIL HARTNELL Tribune Business Editor The Grand Bahama Chamber of Commerce's president has urged the next government to treat the extension of key Freeport tax incentives, due to expire in 2015, as "a priority" and to end the uncertainty that could st

INSOLVENT BANK'S CREDITORS TO GAIN $0.07 ON DOLLAR

By NEIL HARTNELL Tribune Business Editor Creditors of an insolvent Bahamian offshore bank are in line to recover less than seven cents ($0.07) of every dollar owed to them after the Supreme Court refused to give the liquidator leave to appeal a ruling, a

RULING SET TO DETER 'VEXATIOUS LITIGANTS'

By NEIL HARTNELL Tribune Business Editor A ruling by Chief Justice Sir Michael Barnett might deter Bahamian workers with "marginal claims" from pursuing employment cases in the Supreme Court, rather than the Industrial Tribunal, a leading law firm arguin

LIQUIDATION REFORMS TO GIVE NATION ADVANTAGE

By NEIL HARTNELL Tribune Business Editor Reforms to the Companies Act's liquidation regime that deal with assets held in trust are "very progressive" and give the Bahamas a competitive advantage over its main Caribbean international financial centre riva

INSURERS FEAR PREMIUMS 'DOUBLING, QUADRUPLING'

By NEIL HARTNELL Tribune Business Editor Bahamian general insurance underwriters yesterday warned that newly-passed amendments to the Road Traffic Act could result in motor vehicle premiums "doubling, tripling, quadrupling", with some types of coverage w

INSURERS FEAR PREMIUMS 'DOUBLING, QUADRUPLING'

By NEIL HARTNELL Tribune Business Editor Bahamian general insurance underwriters yesterday warned that newly-passed amendments to the Road Traffic Act could result in motor vehicle premiums "doubling, tripling, quadrupling", with some types of coverage w

INSURERS FEAR PREMIUMS 'DOUBLING, QUADRUPLING'

By NEIL HARTNELL Tribune Business Editor Bahamian general insurance underwriters yesterday warned that newly-passed amendments to the Road Traffic Act could result in motor vehicle premiums "doubling, tripling, quadrupling", with some types of coverage w

INSURERS FEAR PREMIUMS 'DOUBLING, QUADRUPLING'

By NEIL HARTNELL Tribune Business Editor Bahamian general insurance underwriters yesterday warned that newly-passed amendments to the Road Traffic Act could result in motor vehicle premiums "doubling, tripling, quadrupling", with some types of coverage w

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RoyalFidelity funds enjoy $10m injection

RoyalFidelity Merchant Bank & Trust yesterday said investors had injected a collective $10 million into its three-strong domestic mutual fund family for the year to end-May 2014, aided by the low interest rate “perfect storm”.

$40M 'CIVIL WAR' RAGES IN PARADISE

By NEIL HARTNELL Tribune Business Editor A full-scale civil war is raging between the developers and numerous residents of a $40 million Exuma-based real estate project, Tribune Business can reveal, the latter alleging there are difficulties with obtaini

$40M 'CIVIL WAR' RAGES IN PARADISE

By NEIL HARTNELL Tribune Business Editor A full-scale civil war is raging between the developers and numerous residents of a $40 million Exuma-based real estate project, Tribune Business can reveal, the latter alleging there are difficulties with obtaini

$40M 'CIVIL WAR' RAGES IN PARADISE

By NEIL HARTNELL Tribune Business Editor A full-scale civil war is raging between the developers and numerous residents of a $40 million Exuma-based real estate project, Tribune Business can reveal, the latter alleging there are difficulties with obtaini

Local dive operators reject foreign ‘double tax’ offer

A foreign dive operator’s offer to pay double the legal charter fee has been rejected by his top Bahamian counterparts, who argue that this sum pales against the “30 per cent or more of revenue” that they pay in taxes.

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Gov’t ‘ill-prepared’ on Bill amendments

An FNM MP yesterday slammed the Government’s failure to provide the Opposition with the 12 amendments to the Petroleum Bill before yesterday’s debate, saying: “It’s ridiculous the Government was so ill-prepared”.

Freeport consultation ‘a matter of survival’

The negotiations over Freeport’s expiring tax breaks are “very much a matter of survival” for the Grand Bahama Port Authority’s (GBPA) 3,500 licensees, an outspoken QC arguing that these incentives are among the few “not completely breached” yet.

Bahamas’ debt to ‘stabilise’ near 70%

The Bahamas’ debt-to-GDP ratio is expected to hover near the IMF”s 70 per cent ‘danger threshold’ in 2016, although an international credit rating agency believes it has “stabilised”.