Returning $22m to Kozeny will allow ’completion of fraud’
The $22 million battle between the Czech authorities and Viktor Kozeny continues to heat up, the former alleging that returning the funds to the Lyford Cay-based financier will enable him to “complete his fraud”.
Stamp Duty exemption renewal ‘really huge’
Extending the first-time buyer Stamp Duty exemption beyond its current June 30, 2013 expiration date would be “absolutely huge”, the Bahamas Real Estate Association’s (BREA) president telling Tribune Business these purchasers accounted for “90 per cent-plus” of his company’s business.
Bahamas institutions face ‘treacherous’ disclosure waters
A former Attorney General yesterday warned Bahamas-based financial institutions to familiarise themselves with this nation’s multiple disclosure regimes, warning that failure to do so could expose them to legal action by either the authorities or their clients.
BFSB mission targets Brazil
Ryan Pinder, the minister of financial services, will be participating in Bahamas Landfall events and meetings in Brazil planned by the Bahamas Financial Services Board (BFSB) for the week of September 17.
Bahamas 'never better placed' to grow financial services
The Bahamas “has never been more well placed” to become “a dominant jurisdiction” in financial services, a Cabinet minister yesterday suggesting this nation needed to “integrate” its international co-operation regime.
‘Wipe out’ concerns in brewery battle
The Bahamian Brewery and Beverage Company’s founder yesterday warned that eliminating the $3 per liquid gallon tax advantage he currently holds over BISX-listed Commonwealth Brewery would “wipe out” his firm, as he called for the Government to establish a competition watchdog and relevant laws.
Chamber chair ‘not disturbed’ by lower consumer borrowing
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman said yesterday he was “not disturbed” by lower levels of consumer borrowing, with June’s $5.6 million expansion in debt consolidation loans showing many were making “last ditch efforts” to restructure their affairs.
Haiti’s industrial park model shows possibility for Freeport
The Bahamas should assess whether it can emulate Haiti’s model for developing an industrial park “the size of Trinidad” in Freeport, as a senior private sector executive yesterday urged Bahamian companies to aggressively pursue business opportunities in the Caribbean.
Fiscal deficit up 24% to end-May '12
The Government’s fiscal deficit for the first 11 months in its 2011-2012 fiscal year rose 24 per cent year-on-year to $293.8 million, as spending - and the size of government - outpaced a 4.5 per cent improvement in tax revenues.
Building sports tourism from its infant stages
The congress for Pan American Judo was conducted completely in Spanish. It was held last week in Cali, Colombia.
Bahamas has ‘requirements to meet’ before WTO membership
FINANCIAL Services Minister Ryan Pinder yesterday revealed that the Bahamas has a number of requirements to meet before it can become a member of the World Trade Organisation.
Bank holds trust session
Bank of The Bahamas Trust and Private Banking will host an information-breakfast tomorrow to discuss a host of financial services issues, including private banking rights and benefits, pension fund arrangements and standard trusts, as well as those specially created for the Bahamian corporate and individual market.
1,400 sign anti-oil petition
A leading environmental activist, whose petition against oil exploration in Bahamian waters has gained more than 1,400 signatures, has told Tribune Business that it would be “absolute lunacy” for such activities to be permitted in this nation.
Fishermen: 71% see catch size declines
Some 71 per cent of Bahamian fishermen have seen a reduction in catch sizes and values in recent years, one prominent industry representative yesterday saying this was the story reported by “every returning vessel”.
Fishing seen as 'last rung on the ladder'
Attracting younger Bahamians into the fishing industry is “a huge concern”, the head of the Bahamas Commercial Fishers Alliance said yesterday, with the profession often viewed as “the last rung on the ladder”.
