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McCartney: ‘Look elsewhere’ for Baha Mar purchaser

The Democratic National Alliance’s (DNA) leader yesterday said Baha Mar’s potential purchaser would not be granted a casino licence if the Gaming Board “did proper due diligence”, as he accused the Government of “playing with fire”.

Arawak Homes wins ruling on $1.1m profit loss

By NEIL HARTNELL Tribune Business Editor Arawak Homes has won a Court of Appeal ruling that is set to further impact potentially hundreds of landowners in the Sir Lynden Pindling Estates area, the developer claiming to have lost $1.11 million in gross pr

Air freight operators in Bahamas boycott threat

Florida-based air cargo companies are threatening to boycott the Bahamas over the new Customs fees and fines set to be introduced tomorrow, with this newspaper told: “It’s D-Day time.”

HOME BUYERS LOSE $81K OVER STAMP DUTY 'LOOPHOLE'

By NEIL HARTNELL Tribune Business Editor Some 32 first-time Bahamian home buyers have collectively lost almost $81,000 because there is nothing in statute law to allow the refund of Stamp Duty mistakenly paid on their real estate purchases, it was reveal

HOME BUYERS LOSE $81K OVER STAMP DUTY 'LOOPHOLE'

By NEIL HARTNELL Tribune Business Editor Some 32 first-time Bahamian home buyers have collectively lost almost $81,000 because there is nothing in statute law to allow the refund of Stamp Duty mistakenly paid on their real estate purchases, it was reveal

HOME BUYERS LOSE $81K OVER STAMP DUTY 'LOOPHOLE'

By NEIL HARTNELL Tribune Business Editor Some 32 first-time Bahamian home buyers have collectively lost almost $81,000 because there is nothing in statute law to allow the refund of Stamp Duty mistakenly paid on their real estate purchases, it was reveal

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BEC survives a fuel ‘emergency’

The Bahamas Electricity Corporation (BEC) suffered an “emergency situation” on Wednesday night after it almost ran out of fuel due to bad weather disrupting shipping.

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Baha Mar becoming ‘huge white dinosaur’

A former Baha Mar director yesterday warned that the Government will soon “have a huge white dinosaur on their hands”, despite the project’s secured creditor promising that a solution is being developed.

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Miller denies running own BEC bid process

Leslie Miller has denied running his own bidding process for the Bahamas Electricity Corporation (BEC), even though one energy group says he encouraged them to submit a proposal after they were kicked out of the official tender.

Corporate redress regime upheld with $33m verdict

The Supreme Court has prevented the Bahamas being perceived as “a parochial, quirky jurisdiction” for international business through its recent ruling on a $33 million insolvency dispute, a former attorney general said yesterday.

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‘Farcical’: Govt picks up ‘entire’ $40m BOB issue

Bank of the Bahamas’ 3,000 minority shareholders have demonstrated their “complete lack of confidence” in the bank after forcing the Government to pick up its “entire” $40 million rights offering.

Pensioners left with 30% in City Markets HQ sale

* Claim trustees ‘not acting in our best interest’ * Trustees retain 27% of $3m sale to AML Foods * And lawyer paid almost one-third of proceeds

City Markets pensioners have been “kept in the dark” over the $3 million sale of the plan’s main asset, with just 30 per cent of the proceeds seemingly left for their benefit.

SPEED WEEK 'CAN BECOME LIKE MONACO'

By NEIL HARTNELL Tribune Business Editor Bahamas Speed Week Revival organisers are examining whether to create a permanent race track in the Arawak Cay area, the minister of tourism telling Tribune Business that this nation could effectively match Monaco

SPEED WEEK 'CAN BECOME LIKE MONACO'

By NEIL HARTNELL Tribune Business Editor Bahamas Speed Week Revival organisers are examining whether to create a permanent race track in the Arawak Cay area, the minister of tourism telling Tribune Business that this nation could effectively match Monaco

SPEED WEEK 'CAN BECOME LIKE MONACO'

By NEIL HARTNELL Tribune Business Editor Bahamas Speed Week Revival organisers are examining whether to create a permanent race track in the Arawak Cay area, the minister of tourism telling Tribune Business that this nation could effectively match Monaco

SPEED WEEK 'CAN BECOME LIKE MONACO'

By NEIL HARTNELL Tribune Business Editor Bahamas Speed Week Revival organisers are examining whether to create a permanent race track in the Arawak Cay area, the minister of tourism telling Tribune Business that this nation could effectively match Monaco

SPEED WEEK 'CAN BECOME LIKE MONACO'

By NEIL HARTNELL Tribune Business Editor Bahamas Speed Week Revival organisers are examining whether to create a permanent race track in the Arawak Cay area, the minister of tourism telling Tribune Business that this nation could effectively match Monaco

SPEED WEEK 'CAN BECOME LIKE MONACO'

By NEIL HARTNELL Tribune Business Editor Bahamas Speed Week Revival organisers are examining whether to create a permanent race track in the Arawak Cay area, the minister of tourism telling Tribune Business that this nation could effectively match Monaco

Government's watchdog 'robbed' of independence

By NEIL HARTNELL Tribune Business Editor The Auditor-General is being "robbed of administrative independence" because he cannot initiate prosecutions where corruption and fraud involving public monies is suspected, a Public Accounts Committee report noti

Government's watchdog 'robbed' of independence

By NEIL HARTNELL Tribune Business Editor The Auditor-General is being "robbed of administrative independence" because he cannot initiate prosecutions where corruption and fraud involving public monies is suspected, a Public Accounts Committee report noti