Bahamas uses 78% of Dorian relief donations
The government’s Disaster Reconstruction Authority has deployed 78 percent of the $9m in pledges received to-date, its presiding minister said yesterday.
Carnival caught polluting again
The government was yesterday challenged to bare its environmental teeth and hit Carnival Cruise Lines with the maximum $30m fine after more pollution incidents in Bahamian waters were exposed.
Land rights fears on Dorian rebuild
Specialists have warned that post-Dorian restoration could be undermined by the inability of land holders to prove their ownership and/or properly re-establish the true boundaries of their property.
‘Can’t imagine us going near’ $350 minimum wage
Private sector executives are hoping the National Tripartite Council “never goes near” the trade unions’ desired 67 percent minimum wage increase when it examines the issue in early February.
Minister ‘shocked’ at NAD outlook cut
A Cabinet minister is “a little shocked” that a top rating agency slashed its Nassau Airport Development Company (NAD) outlook to “negative” despite the premier gateway enjoying a “record” 2019.
Commission defends itself on failed broker
The Securities Commission has defended its handling of a collapsed investment adviser by saying it took “appropriate regulatory steps” while arguing that client assets are safe.
Landowners could face proof issues
Specialists have warned that post-Dorian restoration could be undermined by the inability of land holders to prove their ownership and/or properly re-establish the true boundaries of their property.
Baha Mar sales process exposed
Baha Mar’s current owner leapfrogged all rival bidders in less than two weeks to become the property’s chosen buyer despite its $1.3bn offer coming from outside the formal sales process.
Financial industry hails ‘certainty’ on tax residency
Financial services executives yesterday hailed the government’s plans to codify its tax residency initiative via legislation as providing “certainty and transparency” for both investors and global regulators.
Bahamas ‘catching up’ in Dorian’s wake
The Bahamas’ major tourism promotion board saw website conversions jump ten percent during 2020’s first week as it anticipates “record numbers” from post-Dorian marketing efforts.
Sarkis in $40m Rosewood ‘buy out’ proposal
Sarkis Izmirlian made a $40m offer to buy-out the Rosewood hotel property from the rest of Baha Mar after the property was placed into receivership in late 2015.
Bahamas still ‘in the blind’ over France’s blacklisting
The Bahamas is in “the blind” over France’s decision to “blacklist” its financial services industry, the deputy prime minister said yesterday, with Paris yet to justify why it took such punitive action.
BAIC urges artisans to exploit plastic bag ban
The Bahamas Agricultural and Industrial Corporation (BAIC) says straw artisans can exploit the ban on single-use plastic bags to increase their own sales by creating alternatives.
Abaco's 'total eclipse' on 10,000 home jobs
An ex-Bahamian Contractors Association (BCA) president yesterday predicted a rebuilt Abaco will "totally eclipse" its pre-Dorian look with up to 10,000 jobs created by the Government's 400 homes plan alone.
Fresh doubts on Shell role in new power plant deal
A Cabinet minister yesterday raised fresh doubts over whether Shell North America will be involved in financing, constructing and owning New Providence’s proposed multi-fuel power plant. Desmond Bannister, minister of works, told reporters outside t
