Financial provider set to trigger expansion
A Bahamas-based multi-family office, which plans to double its workforce by launching a new business and investment fund, says this nation must avoid the “rogue country” label at all costs.
Ministry’s Kravitz campaign avoids ‘irreparable harm’
The Ministry of Tourism’s Lenny Kravitz-led marketing campaign has escaped “irreparable harm” after a US court barred disclosure of its commercial terms to a former Bahamian beauty queen.
Govt ‘within’ $25m budget for Lucayan
A Cabinet minister yesterday predicted the government “will be within” the $25m budget allocated for the Grand Lucayan, adding that he could “see no impediment to a speedy closing”.
Freeport hopes it’s now ‘bride, not bridesmaid’
A top Freeport realtor is voicing hope that the ITM/Royal Caribbean project will reverse the city’s unhappy recent history of “always being the bridesmaid, never the bride”.
Bahamian dealers beat US extradition
Two Bahamians accused of facilitating an alleged $500m securities fraud and money laundering scheme are celebrating after the courts in Belize quashed the US bid to extradite them.
Bahamas’ WTO bid faces new scrutiny
The fourth Working Party meeting on The Bahamas’ bid for full World Trade Organisation (WTO) membership will take place this coming Friday in Geneva, Switzerland.
Balance key for vacation rentals
Vacation home rentals are the “perfect opportunity” for Bahamians to gain tourism sector ownership but must be taxed and regulated, a senior industry official believes.
Water Corp’s managers demand ‘bugging’ probe
The Water & Sewerage Corporation’s executive chairman last night dismissed “baseless and absolutely false” fears employees are being bugged, amid union demands for a police probe.
Illegal foreign salesmen chamber’s ‘top concern’
The government’s “short-term work visa” reforms have revived fears among local retailers and distributors about the ability of unregistered foreign salesmen to steal their business.
QC: Gov’t has ‘pulled rabbit out of Freeport’s hat'
An outspoken QC yesterday apologised to the government for previously blasting its decision to acquire the Grand Lucayan, and said: “They have pulled a rabbit out of Freeport’s hat.”
Landfill manager eyes IPO for Out Island expansion
THE New Providence landfill’s new manager yesterday said it was eyeing an initial public offering (IPO) to finance the potential expansion of its business model to the Family Islands.
Clearing Banks chief hits back on ‘oligopoly’
The Clearing Banks Association’s (CBA) chairman yesterday rejected the industry’s branding as an “oligopoly”, adding that there was “no evidence” of price-fixing and fee setting collusion.
Ex-Chamber chief: ‘Get house in order’ for WTO
The Bahamas must “get our house in order” for when it becomes a full WTO member rather than continue to debate the merits of joining, a private sector executive argued yesterday.
Lucayan Board refutes BREA ‘face slap’ claim
The Grand Lucayan’s Board yesterday defended itself from accusations that it had given “a reprehensible slap in the face” to Bahamian realtors over the property’s impending sale.
Colina suffers 26% profit drop in 2018
Colina Holdings (Bahamas) suffered a 26 percent year-over-year net income decline in 2018 as a result of increased policyholder claims, it revealed last night.
