Ex-president tells BREA: ‘Be more accommodating’
An ex-Bahamas Real Estate Association (BREA) president yesterday urged it to be “more accommodating and sensitive”, and focus on growing its membership rather than “pushing people away”.
Bahamas’ blacklisting is ‘irrelevant and gratuitous’
A former Bahamas Financial Services Board (BFSB) chairman yesterday slammed this nation’s ‘blacklisting’ by the European Union (EU) as “irrelevant” and “gratuitous”, adding that it would have no impact on the industry.
Freeport findings will be ‘set aside’
An outspoken QC warned that the recommendations on Freeport’s future presented to the Prime Minister yesterday are all “liable to be set aside” via a second Judicial Review action he plans to launch.
Freeport report ‘transformative’
A Government-appointed committee’s recommendations on Freeport’s future will be presented to the Cabinet today, its chairman Dr Marcus Bethel describing the documemt as “transformative” for the city and Grand Bahama as a whole.
Gov’t, private sector slam EU ‘blacklisting’
The Government and private sector have slammed as “highly disappointing” the European Union’s (EU) decision to ‘blacklist’ this nation’s financial services industry, arguing that the move has no merit.
‘My $1m investments don’t fit in Bahamas’
An ex-MP whose entire $1 million investment has been endangered by the never-ending wait for Government approvals says: “The system has decided I don’t fit in the Bahamas.”
Judge says ‘no arguable case’ for BREA appeal
A Supreme Court judge has refused to grant the Bahamas Real Estate Association (BREA) leave to appeal her verdict in favour of an ex-Cabinet minister, finding it has “no arguable case”.
Gov’t securities issue 63% oversubscribed
Institutional investors are likely to be left disappointed after the last Bahamas Government Stock (BGS) issue for the 2014-2015 fiscal year was more than 63 per cent oversubscribed.
Top banker expects new Mortgage Plan in ‘couple of weeks’
JAMAICA - The Bahamas’ high number of delinquent residential mortgages is a “huge concern” for both the Government and commercial banking industry, with CIBC FirstCaribbean’s top regional executive predicting that a revised Mortgage Relief Plan could be unveiled in a few weeks.
URCA targets Cable 27% price increase decision in ‘first half’
Regulators aim to release a decision on Cable Bahamas’ bid for a 27 per cent basic TV price increase “within the first half” of 2015, after rejecting the company’s claim they are ‘sitting’ on the application.
CIBC regional restructure exercise 75% complete
CIBC FirstCaribbean International Bank’s regional restructuring exercise is about 75 per cent through its, its top executive adding that the process was largely complete in the Bahamas.
Gov’t, private sector slam EU ‘blacklisting’
The Government and private sector have slammed as “highly disappointing” the European Union’s (EU) decision to ‘blacklist’ this nation’s financial services industry, arguing that the move has no merit.
Skills worry over $732m Agency ‘3 months away’
The Government’s Central Revenue Administration (CRA) has hired 75 per cent of its target staff, and anticipates being operational in “less than three months”, amid concerns over whether all its recruits have the necessary tax enforcement skills.
TUC ‘emphatic’ in $210 minimum wage opposition
A leading trade union body yesterday said it “emphatically” disagreed with the new $210 weekly wage, arguing that it was sticking up for non-unionised Bahamian workers.
Bimini developer targets 150,000 visitors by 2016
JAMAICA- RESORTS World Bimini’s president yesterday said the development was expecting to attract between 125,000-150,000 visitors next year, benefiting from its parent’s North American strategy to capitalise on the ‘explosion’ of Asian visitors over the next four to five years.
