Sandals honours lead performers
Sandals Royal Bahamian Spa & Offshore Island honoured its top performers on May 9 through the resort’s annual Sandals Prestige Awards.
CCA slams Sarkis with $150m claim
Baha Mar’s main contractor last night demanded a minimum $150m in damages from Sarkis Izmirlian over alleged “shareholder oppression” that wiped out its entire investment in the project.
‘Conflict’ concern on work permit reforms
The government was yesterday warned that the short-term work permit exemptions may conflict with “professional standards and regulations” for certain job categories.
‘Work like hell’ after six-year GDP stall
The Bahamas must “work like hell” to achieve higher GDP growth rates after data released yesterday revealed the economy has finally exited a six-year stall.
Govt approves tax certificate reply to OECD
The government has approved the creation of tax residency certificates for permanent residents so they can prove compliance with other countries’ laws, a Cabinet Minister said yesterday.
Minister admits credit costs and access obstacle
A Cabinet minister yesterday admitted credit costs and access must be eased for Bahamians as he defended the government’s work permit reforms against opposition criticisms.
Former BORCO terminal awaits latest purchaser
Ownership of the former Bahamas Oil Refining Company (BORCO) has changed hands for the third time in the past decade with Friday’s announcement of its parent’s acquisition.
Ex-minister: Caribbean IFCs in ‘serious trouble’
CARIBBEAN international financial centres (IFCs) are “all in very serious trouble”, a former financial services minister warned yesterday, expressing fears that many may not survive.
BISX unveils fee and rule change proposals
The Bahamas International Securities Exchange (BISX) yesterday unveiled proposed rule and fee changes for market comment and feedback via a 30-day consultation.
Four industries drive renewed GDP growth
Four sectors were yesterday identified as key drivers of The Bahamas’ 1.6 percent real GDP growth in 2018 that was hailed as the first decent expansion for five years.
Albany closes in on South Ocean deal
Albany’s developers are getting closer to acquiring their 383-acre neighbour, Tribune Business can reveal, after all South Ocean staff were last week told to report to its human resources unit.
Water Corp cuts debts by $7.4m
The Water & Sewerage Corporation’s debt to its main BISX-listed supplier was slashed by $7.4m in April 2019, financial filings have revealed, with the balance owing cut to $11.6m.
Trade expert challenges FDI policies
The Bahamas’ near-exclusive focus on large-scale, multi-million dollar foreign direct investment (FDI) projects has come under fire from a trade expert.
Realtors: Use us more over tax crackdown
The government has been urged to “make more use” of Bahamian realtors to save time and money on the $7.2m project to make real property tax rolls “unassailable”.
Manufacturers not convinced of WTO merits
BAHAMIAN manufacturers yesterday said they are “not yet fully committed to the necessity of joining the World Trade Organisation (WTO)” based on the Oxford Economics study’s findings.
