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25,000-acre dispute solution 'critical to 'thousands of jobs'
By NEIL HARTNELL Tribune Business Editor Resolving a long-running dispute that has tied up 25,000 acres of prime real estate is "critical" to potentially creating "thousands of jobs" and reversing Long Island's depopulation, a Court of Appeal ruling havi
Bahamas ‘must reengineer economy faster than ever’
* QC: 2018 will ‘set economy for 20 years’ * Warns reform pace may be bewildering * Warns of tax, exchange control ‘recalibrating’
THE Bahamas faces having to “substantially reengineer its economy at a much faster pace than ever before” to escape global ‘blacklists’, a prominent QC warned yesterday. Brian Moree QC, senior partner at McKinney, Bancroft & Hughes, told Tribune Business that this nation’s response to the European Union/OECD initiatives in 2018 “will determine the future of the economy” for possibly the next 20 years.
Bahamas urged to ‘review’ corporate income tax merits
The Bahamas was yesterday urged to examine the benefits of implementing a ‘low rate’ corporate tax, and whether this would unlock potential “benefits” from double taxation agreements.
RESORT PROJECT'S 'RISE FROM ASHES' VIA $20M SPEND
By NEIL HARTNELL Tribune Business Editor An Eleuthera resort project many thought 'dead and buried' may be about to rise from the ashes, its developer yesterday telling Tribune Business that the revised development would involve an investment "in excess
FIRST AN ELECTION, THEN REALITY BITES
By Larry Gibson Happy New Year, Bahamas! I wish to open my first column of the year by wishing my readers good health, and a safe and successful 2012. I thought it would be appropriate to commence with a review of 2011 from a global perspective. Througho
IMF: FISCAL REFORM DELAYS MAY 'JEOPARDISE RECOVERY'
By NEIL HARTNELL Tribune Business Editor A failure to rapidly implement tax reforms "could jeopardise a sustained recovery" in the Bahamas, the International Monetary Fund (IMF) warning the Government's plans were "not sufficient" to reverse a rising $4.
IMF: FISCAL REFORM DELAYS MAY 'JEOPARDISE RECOVERY'
By NEIL HARTNELL Tribune Business Editor A failure to rapidly implement tax reforms "could jeopardise a sustained recovery" in the Bahamas, the International Monetary Fund (IMF) warning the Government's plans were "not sufficient" to reverse a rising $4.
IMF: FISCAL REFORM DELAYS MAY 'JEOPARDISE RECOVERY'
By NEIL HARTNELL Tribune Business Editor A failure to rapidly implement tax reforms "could jeopardise a sustained recovery" in the Bahamas, the International Monetary Fund (IMF) warning the Government's plans were "not sufficient" to reverse a rising $4.
IMF: FISCAL REFORM DELAYS MAY 'JEOPARDISE RECOVERY'
By NEIL HARTNELL Tribune Business Editor A failure to rapidly implement tax reforms "could jeopardise a sustained recovery" in the Bahamas, the International Monetary Fund (IMF) warning the Government's plans were "not sufficient" to reverse a rising $4.
IMF: FISCAL REFORM DELAYS MAY 'JEOPARDISE RECOVERY'
By NEIL HARTNELL Tribune Business Editor A failure to rapidly implement tax reforms "could jeopardise a sustained recovery" in the Bahamas, the International Monetary Fund (IMF) warning the Government's plans were "not sufficient" to reverse a rising $4.
AML chair: three food retail players likely to survive
By NEIL HARTNELL Tribune Business Editor The Bahamian food retail market will ultimately be dominated by just three major players, AML Foods' chairman telling Tribune Business in the wake of Robin Hood's demise that consolidation was "inevitable". Dionis
Aviation industry 'not given its due'
Aviation industry 'not given its due' By NEIL HARTNELL Tribune Business Editor Developing a Bahamian aircraft registry could ultimately lead to spin-offs such as a "maintenance facility equivalent in size to Miami", an attorney yesterday urging: "Now is
US judge slams broker chief’s ‘court disregard’
A Bahamian broker/dealer’s principal has been accused of “disregard for the court’s authority”, resulting in a New York judge blocking his bid to retreat from two multi-million dollar securities fraud lawsuits.
Govt sought BPL fix in 12-months
The Government wanted Bahamas Power & Light's (BPL) manager to guarantee its facilities would match the operational standards of comparable energy utilities within a year of taking over, Tribune Business can reveal.
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.
Price controls ‘out window’ with WTO
The Bahamas Motor Dealers Association’s (BMDA) president yesterday expressed hope that WTO membership will result in price controls “going out the window” to be scrapped.
OECD attacks like ‘unofficial blacklisting’ of the Bahamas
A former finance minister says the recent OECD-inspired media onslaught against the Bahamas is akin to an “unofficial blacklisting” of its financial services industry, describing the situation as “a new form of international colonialism”.
Bahamasair loses $3.5m crash monies
The Court of Appeal yesterday overturned a $3.5 million damages award to Bahamasair, finding that the airline had failed to install an upgraded part that may have prevented a 2007 crash landing.
Broker warns Feds: 'I'll plead the Fifth'
A Bahamian broker/dealer's principal has warned US federal regulators that their efforts to obtain evidence from him over two alleged multi-million dollar securities frauds will be futile, as his lips will be sealed.
Bahamas ‘on probation’: 17-step action plan cure
The Government has detailed a 17-step ‘action plan’ to strengthen the Bahamas’ anti-money laundering regime, with a top regulator describing this nation as “on probation” over increasing weaknesses.
