Sir Franklyn: Homeowner Protect Act 'a real disaster'
Arawak Homes chairman yesterday urged the Government to “urgently review” the Homeowners Protection Act, branding it “a real disaster” for the Bahamas’ struggling mortgage market.Sir Franklyn Wilson, a well-known Progressive Liberal Party (PLP) suppo
Minister contradicts Sebas with money transfer 'blacklist'
The Minister of Tourism yesterday contradicted Sebas Bastian, Island Luck’s principal, by suggesting the Bahamas’ could again be ‘blacklisted’ through web shops acting as unregulated money transfer businesses.Dionisio D’Aguilar, in an address to the
Realtor fear on 50% permanent residency rise
Realtors last night described the Government’s revised plans to increase the permanent residency threshold by 50 per cent, from $500,000 to $750,000, as “bad news” and something to “head off”.Brent Symonette, minister of financial services, yesterday
Tourism flat-lines as yields off 28% since millennium
A 28 per cent decline in per tourist spending yields since 2000 has resulted in “no growth” this century in the Bahamas’ largest industry, the Minister of Tourism revealed yesterday.Dionisio D’Aguilar told the House of Assembly that the decline in pe
KPMG Bahamas to sponsor regional infrastructure forum
KPMG Bahamas yesterday said it will be a title sponsor of the Caribbean Infrastructure Forum (CARIF), which will be held from December 11-12 in Montego Bay, Jamaica.Following successful KPMG Island Infrastructure summits in 2011, 2013 and 2015, the a
Baha Mar marketed at invitation-only forum
Baha Mar recently attended the invitation-only 2017 ILTM North America conference, where it introduced the $4.2 billion destination resort to travel agents, journalists and advisors from the Western Hemisphere.“The executive team was honoured to intr
Bahamas to chair tourism's Commission for Americas
The Bahamas has been elected as Commission for the Americas (CAM) president by the United Nations World Tourism Organisation (UNWTO).Dionisio D’Aguilar, minister of tourism, will assume the seat for the next two years following the 22nd session Gener
Commission teams with Ministry on financial literacy programme
The Securities Commission has partnered with the Ministry of Education (MOE) to develop and launch a financial literacy/investor education pilot study in the Bahamas.The pilot study, which is being launched this week, is designed to test the delivery
Govt agrees Nassau harbour boardwalk
The Government has agreed to the construction of a boardwalk along the Nassau harbourfront, the Minister of Tourism yesterday expressing hope this will spark downtown’s redevelopment.Dionisio D’Aguilar, addressing a Bahamas Chamber of Commerce and Em
Financial executives urged to 'change Bahamas perceptions'
Financial services industry executives yesterday expressed optimism over the sector’s future, arguing that this nation needs to “change the perception about doing business in the Bahamas”.Michelle Neville-Clarke, a partner at Lenox Paton, speaking as
Promotion Board 'playing cards dealt' on airlift fix
The Out Island Promotion Board yesterday said it was “playing the cards we have been dealt” in trying to boost tourism prior to fixing airlift connectivity.Kerry Fountain, its executive director, said “the biggest impediment to growth” in the souther
DPM: ‘No comfort’ from $9m first-month surplus
The Deputy Prime Minister yesterday said he “takes no comfort” in the $9.1 million Budget surplus achieved by the Government for the 2017-2018 fiscal year’s first month.
'No way in hell' Bahamas can relax on higher GDP
There is “no way in hell” that the Bahamas can take comfort in its improved fiscal ratios via the upward revisions to GDP data, a governance reformer warned yesterday.Robert Myers, a principal with the Organisation for Responsible Governance (ORG), t
Govt 'not resting on laurels' over GDP increases
The Deputy Prime Minister yesterday pledged that the Government “will not rest on our laurels” despite the improved fiscal ratios resulting from revised GDP growth figures.K P Turnquest told Tribune Business that the Minnis administration would not s
Sebas: Web shops 'least likely' to pose financial crime risk
Island Luck’s principal yesterday said web shops were the “least likely” sector to pose money laundering risks, as he slammed claims its legalisation had endangered the wider financial services industry.Sebas Bastian hit back at financial services ex
