Long verdict waits do 'the most harm' to legal standing
The often-lengthy time taken by the Judiciary to render judgments “does more harm” to the Bahamas’ reputation “than anything else”, a Cabinet Minister has warned.
BFSB targets next generation progress
The Bahamas Financial Services Board (BFSB) is preparing to launch its latest human capital development initiative - The Bahamas Millennials Society, a networking and mentoring club of financial services industry ‘millennial’ workers.
CARICOM treaty gives Bahamas arbitration base
CARICOM’s founding treaty could provide the basis for a Bahamas-based regional arbitration centre, bringing the local economy “full circle” by supporting financial services, trade and industry.
Web shops hand out $100m in unregulated mortgages
The web shop industry has issued close to $100 millionworth of mortgages that are outside the Central Bank’s regulatory purview, a leading consultant to the industry yesterday adding that this was costing commercial banks $500,000 in fees per annum.
'Irresponsible' to tap Mortgage Corp over government housing
The Minister of Housing yesterday said it would be “irresponsible” for him to use the Bahamas Mortgage Corporation to finance the Government’s affordable homes programme, conceding that its cash-strapped status had proven “a tremendous challenge”.
Realtor deal 'bodes well for explosive housing industry'
A Cabinet Minister yesterday expressed hope that his Ministry’s agreement with Bahamian realtors would pave the way for “an explosive housing sector”, and ultimately help cut the 7,000-8,000 strong waiting list for affordable housing.
Bahamas targets Tuesday for FATCA deal completion
The Bahamas is aiming to complete its FATCA Intergovernmental Agreement (IGA) this coming Tuesday when a high-level team visits Washington, a Cabinet Minister yesterday disclosing this nation was pushing for another key product to be exempt from reporting requirements.
Hard Rock liquidator faces 'major claims'
The Hard Rock Cafe franchise’s liquidator yesterday suggested its remaining assets were dwarfed by liabilities owed to creditors, and warned the Bahamas was “shooting itself in the foot” by not providing greater protection to workers.
Realtors: Housing deal is 'pregnant with opportunity'
Bahamian realtors believe their new agreement with the Ministry of Housing is “pregnant with opportunity”, as they yesterday expressed concern about the island Land Use Plans imposed by recent planning legislation.
Value of your vacation time
Some might question the value of writing on the importance of employees taking vacation time and seeking opportunities to refresh themselves.
Bahamas falling behind on aircraft registry
The Bahamas risks falling behind in the fast-growing aviation sector, which accounts for $107 billion in regional revenue, if it does not keep pace with other countries that are making it easier and more attractive to do business, a local aviation law expert has warned.
Freeport not in violation of WTO
FREEPORT’S free trade zone status and the Grand Bahama Port Authority (GBPA) are not in violation of any World Trade Organisation (WTO) membership rules, a Cabinet Minister says, arguing that the Bahamas could be significantly disadvantaged compared to regional counterparts if it does not join up.
Institute teams with UWI for Centre of Excellence
The University of the West Indies and the Bahamas Institute of Financial Services (BIFS) are co-operating on the creation of a Caribbean Centre of Excellence for Financial Services.
SME legislation waiting on national plan 'compatibility'
THE legislative reforms designed to revitalise the Bahamas’ small and medium-sized (SME) business sector is now ready, a Cabinet Minister said yesterday, adding that steps were being taken to ensure the draft Bill was “compatible” with the country’s long term strategic development plan.
$1.5m project branded a downtown 'pioneer'
The developers behind a proposed $1.5 million mixed-use Bay Street property believe they are “pioneers for downtown Nassau real estate” by bringing residential living back to the city’s heart.
