June 10, 2021
CRAIG “TONY” GOMEZ
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$111m ‘quantum leap’ for CLICO’s creditors
CLICO (Bahamas) liquidator has been given the authority to accept a $110.827m settlement that could fully repay all debts owed to policyholders, creditors and the Government.
CLICO victims urge: 'We need a new day'
The Government was yesterday urged to "make it a new day" for long-suffering CLICO (Bahamas) policyholders amid concerns that zero of the $3.8m compensation allocated in the 2022-2023 Budget has been paid out.
Bahamas beats $18.7m Suriname CLICO claim
CLICO (Bahamas) has beaten back an $18.734m claim from its Suriname affiliate with the Chief Justice slamming transactions that disguised loans as insurance policies as “a farce”.
Bahamas ‘must get ahead’ of EU attack
The Bahamas “must get ahead” of the European Union’s (EU) assault, a well-known accountant is arguing, and “address anything seen as remotely non-compliant” before new blacklisting threats emerge.
Capital backs Bahamas: ‘Get past’ 7.2m record
The Bahamas was yesterday urged to quickly “get past” pre-COVID’s record 7.2m visitor arrivals after this nation ranked among the top Caribbean destinations which tourism investment capital is most bullish on.
‘Prosperity on paper’ must reach the street
The Bahamas must ensure “prosperity on paper trickles down” to the street level so that persons feel the impact from rising GDP in their daily lives, a well-known accountant has asserted.
‘We need more from resident billionaires’
The Bahamas “needs a little more than residency” from the multiple millionaires and billionaires that reside within its borders, an accounting firm’s principal is urging.
Bahamas ‘must get back to growing financial services’
The Bahamas “must get back to growing financial services”, an accountant argued last night, adding that a strong regulatory regime is “the best defence” to Pandora Papers-style attacks.
Revised Budget ‘quite necessary’
The Government will likely find it “quite necessary” to produce a revised 2021-2022 Budget that reflects its policy priorities and campaign pledges, a well-known accountant is predicting.
Investment inflows must be ‘felt by man on street’
The Government must ensure that every new foreign and domestic investment project is “felt by the man on the street” otherwise “it’s only a number”, a well-known accountant has warned.
‘Perfect storm’ triggers forensic accounting rise
Bahamian accountants have revealed a significant increase in demand for forensic services to detect potential financial crime, and trace assets, arising out of the economy’s post-COVID emergence.
Bahamas ‘can’t lose sight’ of real G7 goal
The Bahamas “cannot lose sight of the fact” that G-7 members and other high-tax European states want “to wipe out” international financial centres (IFC) such as this nation, a prominent accountant warned yesterday.
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