The battle over an alleged Bahamas real estate fraud hit new heights yesterday, as international investors pushed for a summary judgment to recover outlays worth tens of thousands of dollars.
An alleged land fraud victim yesterday said he would never again seek to acquire Bahamian real estate because the process was “too murky”.
The alleged victims of a Bahamas real estate fraud were yesterday labelled “a group of spoiled rich kids”, who were seeking to extort money from the vendors via ‘blackmail’.
The Bahamas needs to implement greater minority investor protection, with the Chamber of Commerce’s chairman arguing that too many were content to “ride along” with the majority.
The Bahamas was yesterday urged not to “capitulate” over its financial services industry, with one practitioner refuting the former prime minister’s belief that the sector is beyond “salvaging”.
Amid the hustle and bustle of the workplace, employees often overlook and underestimate the importance of vacation. Statistics show that, annually, the average employee leaves many vacation days and weeks unused. There are even those who pride themselves on not taking vacations. Though dedication to your profession is wonderful and commendable, we as humans require rest, and there are ample benefits to taking a vacation.
Advanced bookings on flights into the Bahamas have risen “over and above’ last year’s numbers straight through October, a top tourism official adding that this nation “still has a product to promote” despite the stalled Baha Mar project.
The Securities Commission’s executive director yesterday said work was “progressing” on the overhaul of the Investment Funds Act, although she was unable to provide substantive details on the reforms.
The Government’s proposed National Health Insurance (NHI) scheme threatens to increase doctors’ costs by “at least 20 per cent”, amid competing proposals to reform the profession’s relationship with insurers and the Government.
The Bahamian economy has “gone as low as it can go”, with the Chamber’s chief executive yesterday conceding that progress on improving the ‘ease of doing business’ was not happening “as fast as we’d like”.
The Chamber of Commerce’s chief executive yesterday said it was “a tragedy” if government regulations forced business closures, as he again called for “market forces to prevail” over price controls.
Harbour Island’s power outage woes have caused “extreme damage” to its reputation as a tourism idyll, Tribune Business was told yesterday, with resident businesses renewing demands for the island to have its own power plant.
Devaluation concerns were yesterday branded “premature” by the Bahamas Chamber of Commerce’s chairman, who argued against using the issue “to cause fear and pandemonium”.
The Utilities Regulation & Competition Authority (URCA) is threatening to “inflict maximum damage” on the now-liberalising mobile market via a major change to its regulatory approach on retail pricing.
Revelations about ‘the sense of chaos’ at key Family Island airports are potentially “catastrophic” for the tourism industry, a senior airline executive yesterday saying immediate corrective action was required from the Government.