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Central Bank: Economy not cutting jobless rate

The Central Bank of the Bahamas has warned that the Bahamian economy is not expanding fast enough to reduce the 13.7 per cent unemployment rate, with tourist arrival growth less than one-third of 2012’s performance.

IMF: 'No threat' to financial industry

The International Monetary Fund (IMF) last night said there were “no immediate threats” to the stability of the Bahamas’ financial services industry, while describing the Government’s fiscal position as “the key policy priority”.

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Cybots defeat Giants 97-86 in opener

THE Mail Boat Cybots were in this same situation last year when they took an early 2-0 lead, but only to watch as the Commonwealth Bank Giants rebounded to eventually win the New Providence Basketball Association men’s title.

'How else can the Bahamas attract FDI?'

A prominent businessman yesterday blasted “frivolous” criticism of Prime Minister Perry Christie’s recent travels, and questioned: “How else can the Bahamas attract foreign direct investment?”

Baha Mar failure would need 'more aggressive' fiscal restructuring

A failure by Baha Mar to deliver on the projected 10 per cent stopover arrival increase is among the greatest risks facing the Bahamian economy, the International Monetary Fund (IMF) warning that expected 2.8 per cent economic growth in 2015 would “not materialise” if this occurred.

New immigration policy can 'revolutionise' sector

A Cabinet Minister believes the Government’s proposed ‘user-friendly’ Immigration policy can “revolutionise” the Bahamas’ position as an international business centre, suggesting it was likely to have been the financial services industry’s leading priority.

Broker's SEC lawsuit dismissal bid tossed

A Bahamian broker/dealer and its principal have seen their bid to dismiss one of two US regulatory lawsuits against them rejected by the southern New York court, Tribune Business can reveal.

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Port's $21m offering 'beats' market price

The Arawak Port Development Company’s (APD) planned $21 million preference share issue, set to come to market next week, will have debt servicing costs two percentage points lower than projected.

Bill 'clarifies' Stamp Tax exemption concern

The 2013 Stamp Tax amendments appear to eliminate a key concern for the real estate industry by making it clear that mortgage and conveyancing values will not be combined to disqualify first-time buyers from getting the duty exemption.

Realtor shifting model to 40% foreign clients

A well-known realtor yesterday revealed he was shifting his business model from near-total reliance on the Bahamian market to one with a 40 per cent international share, as he urged the sector to “get off our butts”.

Central Bank more bearish on 'significant headwinds'

A leading Bahamian realtor has seen a strong pick-up in private island sales this year, revealing that a $29 million deal for a private cay in the Exumas is set to close imminently.

BISX urges: Drive the business to us

Fresh from the listing of its first SMART Fund, the Bahamas International Securities Exchange (BISX) yesterday urged local financial services practitioners to drive clients to it, adding: “The business comes here and lists somewhere else.”

Gov'ts VAT 'level Playing field'

The Government will pay Value-Added Tax (VAT) on goods and services where it competes with the private sector to ensure a “level playing field”, it was recently revealed.

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MARATHON SPOTLIGHT: Taking part in race a landmark for runner

AS part of our coverage of the Sunshine Insurance Race Weekend next January 18 and 19, The Tribune is throwing the spotlight on some of the people planning to run. Today, Ursula Pratt, from Freeport, whose life changed after taking part in the Susan G Komen Bahamas Race for the Cure.

Bahamian retailers set to create 'Federation'

Bahamian retailers will meet tomorrow to further their bid to create an industry Federation, with sector players warning it would be “catastrophic” not to warn the Government about Value-Added Tax’s (VAT) likely impact.

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Cecil Rose 'will be missed'

ALTHOUGH it was not as heralded as the other two funerals that took place this weekend, talented guard Cecil Rose was remembered for his contribution as a trailblazer to the Bahamian basketball community.

BTC: Foreign-owned, but Bahamians in charge

ON THIS page today, a letter, signed only as “See the Danger”, questions not only the morality of selling Bahamas Telecommunications to a foreign company, but also the legality of such a sale.

Striping group '90% there' on $8.25m PPP

The Bahamas Striping group is “90 per cent there” in talks with the Government over an $8.25 million ‘public-funded partnership’ (PFP) for airport and road maintenance throughout the Bahamas.

Exumians want to 'own tools' in island's 'transformation'

Exumians want “to be more than employees” in the numerous multi-million dollar investment projects than can “transform” the island’s economy.

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Freedom of information 'critical' to reform of the economy

FREEDOM of Information legislation is “critical” for economic reform, according to the Inter-American Development Bank’s (IDB) regional economic advisor, who called for greater inclusion of the academic community and wider society on policy matters.