Sir Franklyn’s fear on VAT refund ‘tardiness’
Sir Franklyn Wilson yesterday voiced fears about renewed “tardiness” relating to VAT refunds, warning that the issue “could shake” still-fragile business and investor confidence.
‘Unprecedented’: Inventory surge to hit market in 2019
A Bahamas-based realtor yesterday said residential sales had increased by 48 percent since 2014 ahead of what is expected to be “an unprecedented level of new inventory” hitting the market in 2019.
Tourist airlift capacity up 20% in Q1
The prime minister last night called on The Bahamas to fulfill its “considerable untapped potential” in tourism after stopover visitor arrivals rose 10.4 percent for the first ten months of 2018.
Losses preferred to disputes resolution
PARTIES to construction disputes often take a loss instead of spending time and money to resolve disputes, a Bahamian project consultant has disclosed.
WTO lacks clout on dispute rulings
The failure to enforce its rulings on trade disputes is among the “biggest criticisms” that can be levelled against the World Trade Organisation (WTO), a Bahamian arbitrator has charged.
PM hails $250m hurricane hole
The prime minister has hailed Sterling Global Financial’s $250m Hurricane Hole project as a sign of continuing investor confidence in the “world-class destination” of The Bahamas.
Govt keeping dual arbitration regimes
THE government intends to keep separate regimes for domestic and international arbitration to ensure legal “certainty and clarity”, a Cabinet Minister has confirmed.
GB minister to headline island’s Outlook summit
The minister of state for Grand Bahama will headline the island’s Business Outlook conference, which will be held on Thursday, February 21, at the Grand Lucayan resort.
PI developer eyes $700m in projects
Hurricane Hole’s developer is aiming to launch two further resort projects before year-end 2019 that will take total investment in its Bahamian developments to around $700m.
‘WE WANT ANSWERS’: Bahamian firms asked to explain Fyre Festival cash
A Bahamian law firm and the National Sports Authority’s (NSA) former chairman are among the local persons and companies being targeted for examination by Fyre Festival investigators.
New developer for $2.8bn Ginn revival
The former Ginn project’s $2.8bn revival could soon by led by a new developer with the Supreme Court on Friday confirming the removal of all legal obstacles to the deal proceeding.
End-March for best Lucayan purchaser
The Grand Lucayan’s chairman says the board is targeting end-March 2019 to recommend a purchaser for the resort - a timeline that meets the deadline set at the outset.
‘Landmark’ Bill to aid construction disputes
ALL foreign direct investment (FDI) projects will need an arbitration clause within their Heads of Agreement (HOA) under draft legislation being circulated for private sector feedback.
PM hails $250m hurricane hole
The prime minister has hailed Sterling Global Financial's $250m Hurricane Hole project as a sign of continuing investor confidence in the "world-class destination" of The Bahamas.
Losses preferred to disputes resolution
PARTIES to construction disputes often take a loss instead of spending time and money to resolve disputes, a Bahamian project consultant has disclosed.
