Ex-Central Bank economist named financial secretary
Former chief Central Bank of the Bahamas economist, John Rolle, has been appointed as the Ministry of Finance’s financial secretary, Tribune Business can reveal.
Aircraft registry opening 'won't last very long'
The Bahamas’ window of opportunity to establish a competitive international aircraft registry “won’t remain open very long”, a local attorney warned yesterday, as rival international business centres continue to get a head start on this nation.
Babak 'very confident' no mall receivership
The owner of Freeport’s Circle Mall yesterday said he was “very confident” the newly-opened shopping complex would not be placed into receivership, arguing that there were “no circumstances that would warrant” such a development.
Bahamas receives over $3m energy project assistance
THE Inter-American Development Bank (IDB) and the Government are planning discussions over implementing energy sector reforms outlined in a 2010 report, the Bahamas having received more than $3 million over the past four years to assist with such projects.
Bahamian attorney to attend Malta summit
For the fourth time in less than a year, a Bahamian attorney will attend a major international aviation conference with the goal of leaving home with a brief case and returning with new information and industry relationships.
GB mortgage lending in 90%-plus slump
Mortgage lending on Grand Bahama has declined by more than 90 per cent, in both volume and value, compared to the pre-recession ‘boom’ years, data obtained yesterday by Tribune Business shows.
Web shops: Technology puts us outside law
THE web shop industry is arguing that the sector’s “development of technology and business methods” have taken it outside the regulatory purview of the Lotteries & Gaming Act.
Realtor calls for stamp, real property tax 'double win'
A leading realtor believes the Government could achieve a “double win” if it implements creative policies to bolster Stamp Duty and real property tax revenues, while also stimulating the ‘investment property’ market.
Making Freeport 'a bride, not just the bridesmaid'
A Grand Bahama realtor is doing his part to ensure Freeport “is no longer the bridesmaid but the bride”, as he yesterday called for increased direct airlift to supplement marketing efforts that have reached as far afield as Russia and Brazil.
Title insurance 'way of future'
A Bahamas-based title services provider yesterday described title insurance as”the way of the future” for this nation, suggesting it could “serve as a precursor” for moving to a Registered Land system.
April creditors meeting urged over major fraud
The Bahamian liquidators of an alleged multinational fraud that has ensnared a BISX-listed firm’s affiliate have applied to the Supreme Court for an Order that the first creditors meeting be held during April 2013.
Food retailer, ex-receiver trade 'shambles' accusations
The principal and former receiver of a major Bahamian food retailer yesterday traded accusations that each had left the business “in shambles”, with both threatening to continue their verbal battle by filing more Supreme Court lawsuits.
Superwash to invest $2m in Soldier Road laundromat
Superwash is set to invest $2 million in constructing a new laundromat and shopping complex at the former Pricebusters warehouse on Soldier Road, its president yesterday saying work would start in the “next couple of months” to ensure it caught the anticipated economic upturn.
Botched service overturns food store's receivership
The Supreme Court has overturned the receivership of a major Bahamian food retailer on the grounds that attorneys acting for its landlord, Hannes Babak, made a “material non-disclosure” over a botched attempt to serve legal papers on their counterparts.
