Confidence too low ‘to drive the growth the Bahamas needs’
Business and consumer confidence are still too low to “drive the level of economic growth the Bahamas needs”, AML Foods chief executive said yesterday, with election uncertainty set to “dilute” Baha Mar’s impact.
Fly fishing rules ‘one of most important laws since Majority Rule’
The Bahamas Fly Fishing Industry Association’s (BFFIA) president yesterday hailed imminent regulations to govern the sector as “one of the biggest pieces of legislation to come about since 1967”, as “closing the loopholes” will increase foreign currency earnings for Bahamians.
Concerns persist over fly fishing regulations
International concerns over the Bahamas revised fly fishing regulations remain, with one non-profit conservation organisation describing the requirement of one certified guide for every two anglers as “unnecessary”.
AML franchise giving ‘amazing’ sales at Mall
AML Foods yesterday said its second Carl’s Jr location was producing “amazing” sales numbers, with the wait for the correct locations already paying off.
Broker admits ‘improper use’ of $4m client monies
A Bahamian broker/dealer has admitted to using almost $4 million in client monies without permission to fund its own operating costs and business development initiatives, with regulators now moving to finally shut it down.
Broker’s ‘honest belief’ no consent needed from clients
A Bahamian-owned broker/dealer’s directors “held the honest belief” that it was permitted to borrow almost $4 million in client assets without permission, then use them as it saw fit.
BOB unveils $30m New Year ‘bail out’
Bank of the Bahamas has unveiled the second phase of its recapitalisation plan by launching a $30 million convertible bond issue, producing more scepticism from its weary minority shareholders.
Bahamas urged: ‘Stay the course’ on fiscal consolidation targets
The Bahamas must decide whether it believes in the Government’s fiscal consolidation plan and “stay the course”, the Chamber’s chairman warning against the ‘junk’ downgrade becoming a “political football”.
Chamber chief urges ‘thorough analysis’ on $1m residency change
The Government “must make sure it’s done a comprehensive analysis” of all potential repercussions from doubling the ‘fast track’ permanent residency threshold to $1 million, the Chamber of Commerce’s chairman has urged.
Spanish Wells is ‘new discovery’, says realtor
A realtor is describing Spanish Wells as “a new discovery”, with property values rising and increased interest in Airbnb accommodations.
‘Three years’ grace urged for $1m residency change
The Government has been urged to give the real estate market a ‘three-year grace period’ to adjust to the new $1 million permanent residency ‘fast track’ threshold, a realtor saying it was “amazing” that no one in the industry seemed to have been consulted on the move.
Govt and Central Bank in rate cut ‘panic attack’
The Government and Central Bank were yesterday accused of suffering “a panic attack” over the Bahamas’ ‘junk’ downgrade by the Opposition’s Senate leader, who branded the interest rate cut as “too little, too late”.
March 1 residency threshold doubling goal ‘unacceptable’
The Government’s seeming intent to double the permanent residency investment threshold by March 1 was yesterday branded “unacceptable” by a Bahamian developer, as it gave the market too little time to adjust.
Govt urged: ‘Get a handle’ on Airbnb market’s explosion
A prominent realtor yesterday urged the Government to better regulate the growing Airbnb online tourist rental market to prevent the loss of tax revenues, while also ensuring Bahamians better access entrepreneurial opportunities.
Residency change ‘great plan to stop investors coming’
Bahamian realtors have branded the Government’s proposal to increase the ‘fast track’ residency threshold to $1 million as “a great plan if we want to stop people and investment coming here”.
