‘First-of-its-kind’ deal for $111m fraud victim
A Cayman judge has hailed a “first-of-its kind solution” that will enable a Bahamian financial institution and its clients to recover almost 70 percent of their $111m claim against “a serious fraud”.
Planning row erupts on ‘swimming with the pigs’
Residents were yesterday demanding that planning authorities close two New Providence-based “swimming with the pigs” attractions that have “totally changed our neighbourhood”.
Bank fees: CIBC and Fidelity are cheapest
CIBC FirstCaribbean charges the lowest fees for student and retiree savings accounts, the Central Bank revealed yesterday, with Fidelity Bank (Bahamas) largely leading the field on adult facilities.
Realtor: Subdivision checks not assured
A former Bahamas Real Estate Association (BREA) president yesterday said not all attorneys ask for proof of subdivision approval before giving title opinions on property purchases.
Ukraine crisis may see gas price at $6 a gallon
Bahamian consumers and businesses were yesterday warned to brace for gasoline prices to hit $6 per gallon next month after the Ukraine crisis sent oil prices soaring to seven-year highs.
DPM: Health travel visa’s speed ‘no excuse’ on lapses
THE deputy prime minister yesterday argued that the speed with which the Health Travel Visa had to be put in place to re-open the tourism economy was “no excuse” for governance failures.
AML Foods targets $250 entry level wage growth
AML Foods yesterday said it will increase entry level wages to $250 per week by next year while aiming to retain 75 percent of its existing workforce.
Auto dealers to seek price control freedom
The Bahamas Motor Dealers Association’s (BMDA) president says the industry plans to address “the very outdated policy” of price controls with the Government, adding: “We need to let it go.”
Bahamas First profiting in year-end turnaround
Bahamas First yesterday revealed it overturned a near-$1m loss for the first nine months of 2021 with a strong finish that left annual profits just 10 percent down on prior year levels.
Planning law reform urged for better buyer protection
Attorneys yesterday argued that The Bahamas’ most important planning law should be reformed to provide greater protection for buyers of lots in unapproved subdivisions.
Hotels chief calls for COVID mask rethink
A prominent hotelier yesterday urged the Government to consider relaxing COVID mask mandates in resorts and other tourist amenities where the majority of persons are fully vaccinated.
Bahamas urged: Be ‘more like’ Florida in COVID ease
A Bahamian restaurant proprietor yesterday argued that this nation needs to be “more like” Florida and eliminate all COVID-19 protocols if the sector is to fully recover from the pandemic.
Minister ‘disavows’ $7m warning to civil servants
A Cabinet minister was yesterday said to have “disavowed” a Ministry of Finance statement that warned that last week’s sick-out by finance officers could cost their fellow civil servants some $7m.
Ex-Bacardi plant in ship repair potential
A multi-million dollar New Providence boat/yacht repair facility is just one of the investments that can be unlocked by a property “that doesn’t exist anywhere else in The Bahamas”.
PI investor ‘pressing on’ with $3m raising
The Bahamian entrepreneur locked in a legal battle with the Government over his Crown Land lease on Paradise Island is “pressing on regardless” with efforts to raise $3m to fund his ambition.
