Broker's SEC lawsuit dismissal bid tossed
A Bahamian broker/dealer and its principal have seen their bid to dismiss one of two US regulatory lawsuits against them rejected by the southern New York court, Tribune Business can reveal.
Oceania Owners 'busting our ass' on turnaround
A LEADING homeowner at Exuma’s controversy-torn Oceania Heights project yesterday expressed disappointment that just 27 per cent of property owners had to-date paid their 2014 maintenance fees, telling Tribune Business he and several others were “busting our ass to turn this around”.
Gov't urged: Sell $550m property tax debt to investors
THE Government was yesterday urged not to outsource collection of its $550 million-plus real property tax bill to debt collectors, but instead to triple the interest penalty rate and sell these liabilities as an ‘investment opportunity’.
Bahamas' top regional logistics ranking 'tip of the iceberg'
THE Bahamas’ ranking as the Caribbean’s leading logistics performer is “just the tip of the iceberg” when it comes to this nation fulfilling its transhipment potential, a Cabinet Minister said yesterday.
Chamber backs localinvestment in gaming
THE Bahamas Chamber of Commerce and Employers Confederation (BCCEC) will take a position with respect to gaming at the upcoming conclave with its sister bodies, its chairman saying it was in support of “free enterprise”.
Labour relations 'take a turn for the worse'
THE manner in which trade unions and their members have been dealt with over the past several months has “taken a turn for the worse”, the Trade Union Congress’s (TUC) president said yesterday, adding that there had been a noticeable deterioration in labour relations in the Bahamas.
Creative industries targeted for growth
THE Caribbean Export Development Agency (Caribbean Export) got CREATE-ive when it launched its latest publication, titled ‘CREATE’, which applauds the successes of entrepreneurs in Caribbean creative industries.
$39m Abaco port to start in two months
CONSTRUCTION work on North Abaco’s new $39 million port is expected to begin in two months, island residents were told at a Town Meeting earlier this week.
'All options open'over BEC reforms
THE DEPUTY Prime Minister said yesterday that “all options remain open” open to Cabinet on the Bahamas Electricity Corporation (BEC) reform process, adding that recommendations from key advisors in the process were now up for consideration.
How to stand out from the crowd
WHEN I initially wrote my first book, ‘Combat Jujutsu: the Lost Art’ back in 1991, it sold like hotcakes.
Bahamas requiring fiscal 'action now'
THE Bahamas will face severe economic consequences if the Government fails to quickly get its fiscal house in order, the Ministry of Finance’s financial secretary has warned.
Costs ruling to 'dry up' Judicial Review litigation
The Supreme Court’s $250,000 ‘security for costs’ Order against opponents of Bimini’s cruise ship terminal and dock “is a further nail in the coffin” of public interest Judicial Review actions, an environmental activist has alleged.
Tax Coalition chief: Bahamas must be 'low tax'
The Bahamas needs to position itself as a ‘low tax’ jurisdiction to access potential benefits from tax and investment treaties with other countries, a Tax Coalition co-chair warning yesterday that a ‘flat’ or ‘no tax ‘ posture would “cause problems”.
Marine pilots accused of 'scorched earth policy'
Freeport’s marine pilots yesterday said their main goal is to “standardise” the industry in the Bahamas and ensure it meets international standards, amid concerns their “scorched earth policy” could undermine the city’s maritime and industrial concerns.
Compounding our pension problems
Whilst we are all living longer, we must ensure we do not outlive our accumulated pension savings. In fact, this is perhaps the single greatest challenge that will confront ‘baby-boomers’ who will be retiring annually (in large numbers) over the next 20 years.
