Realtors to Gov't: Regulate appraisal 'game changer'
Bahamian realtors yesterday called upon the Government to pass laws regulating appraisal management companies, with the push by the Canadian-owned banks to foist such a system on the industry branded “a huge game changer”.
Bimini developer's US appeal in peril
Resorts World Bimini’s appeal against a court decision upholding a US government ban on its night-time cruises appeared to be in peril last night, after it missed a key filing deadline.
Dissenter: hotel's stance was 'Alice in Wonderland'
A dissenting Court of Appeal judge branded a resort’s argument that the hotel union ceased to exist as “Alice in Wonderland”, adding that common sense would “fly out of the window” if it was accepted.
Landfill takeover's 'amazing' secrecy
A well-known Bahamian waste services provider yesterday said it was “amazing” that no details surrounding the New Providence landfill’s takeover by a private company had been supplied to the industry, describing the entire saga as “odd”.
Planning bureaucracy delays Arawak Homes
Arawak Homes’s latest project has been delayed because the “paper isn’t moving fast enough”, its president backing revisions to a Planning and Subdivision Act that it believes is “too cumbersome” in its current form.
Retail entrepreneur urges 75% minimum wage rise
A well-known retail entrepreneur has called for the minimum wage to be increased by 75 per cent to $7 per hour despite acknowledging that such a rise would “be challenging for me”.
Building permit value down 34%
The value of new construction permits issued Bahamas-wide declined by 34 per cent year-over-year to $472 million in 2013, with the drop-off especially pronounced in Grand Bahama.
BISX eyeing record year on fund listings
The Bahamas International Securities Exchange (BISX) is eyeing a record year for mutual fund listings, its chief executive revealing that at least 10 are anticipated before 2014 closes.
$5bn-plus deficit creating economy 'realignment' fear
The Bahamas is facing a “troublesome realignment” of its external accounts, a former finance minister has warned, noting this nation has amassed a collective $5 billion-plus current account deficit over the past four years.
AML 'not terribly excited' despite 106% profit rise
AML Foods yesterday said it was “not terribly excited” about its first quarter net income more than doubling to $1.346 million, a result aided by a further 20 per cent reduction in shrinkage during that period.
AML chief urges change to BISX pricing method
AML Foods’ chief executive yesterday called for the Bahamas International Securities Exchange (BISX) to change the way it calculates daily stock prices, warning that a small 1,200 share trade can currently “wipe out” $1.5 million in value for his company’s investors.
Airline launches new direct Bahamas flight
JetBlue Airways yesterday began daily direct flights from Ronald Reagan Washington National Airport (DCA) to Lynden Pindling International Airport (LPIA).
Customs told: 'Red flag' cash payers
Customs was yesterday urged to “red flag” businesses that paid for commercial-size imports via cash or personal cheque, with the Chamber’s chairman warning: “We’ve got to squash the informal economy.”
BISX share index continues to rise
THE Bahamas International Stock Exchange (BISX) yesterday said it had seen a year-to-date increase in its All-Share Index of 3.13 per cent.
