CCA slams 'implausible' $2.25bn Sarkis lawsuit
Baha Mar’s main contractor yesterday slammed Sarkis Izmirlian’s $2.25 billion fraud claim as “implausible”, branding his action as groundless and having no basis in law.China Construction America (CCA), in its long-awaited response to the fraud and “
Insurer: Profits goal beaten by 57% if no Irma
A Bahamian insurer yesterday said it would have beaten 2017 profit projections by 57 per cent had Hurricane Irma not inflicted a $2 million net loss on its Turks & Caicos portfolio.
'Draw the red lines' on WTO open up
The Bahamas Society of Engineers (BSE) president yesterday urged his colleagues and other industries “to draw the red lines” on what should be liberalised under WTO.Quentin Knowles told Tribune Business that all sectors of the Bahamian economy needed
Avoid 'emotional rush' on over-the-hill revival
The Government was yesterday urged to avoid a “rushed, emotional” Over-the-Hill revitalisation in favour of developing a “sustainable blueprint” that can be rolled-out across The Bahamas.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BIC
Gov't urged: 'Step into light' on oil exploration
AN environmentalist yesterday urged the Government to deny the Bahamas Petroleum Company (BPC) the necessary approvals, arguing that oil drilling “is the last thing this country needs”.Sam Duncombe, reEarth’s president, called on the Minnis administr
Over-the-Hill revival to aid 'informal economy' shrink
The Government’s proposed Over-the-Hill revitalisation could have the “unintended consequence” of regularising many firms operating in the informal economy, a top official said yesterday. Dr Nicola Virgill-Rolle, head of the government’s economic pla
Tourism staffer wins Administrative award
The Bahamas Hotel and Tourism Association’s (BHTA) executive administrator, Charlotte Knowles Thompson, has received The Distinguished Administrative Professional Award.She was awarded the honour at the ‘Administrative Professionals Conference’, whic
$30m condo project releases final units
The developers behind a $30 million Paradise Island condominium complex have released the final units this week, with 65 per cent of inventory already sold.Aristo Development’s 36-unit project, THIRTY SIX, is expected to be ready for occupancy by yea
Over-the-Hill tax breaks for July 1
The Government will roll-out its Over-the-Hill revitalisation ‘tax breaks’ in the upcoming 2018-2019 Budget, with the targeted area currently generating $6.2 million in annual property taxes.Dr Nicola Virgill-Rolle, head of the Government’s economic
Oil exploration one step closer
Oil exploration in Bahamian waters is one step closer to reality after an application for environmental approval was submitted to the Government late last week.Bahamas Petroleum Company (BPC), which has spent more than a decade on its exploration pro
Specialist: Gov’t facing ‘minefield’ on Ownership Registry
A Bahamian IT specialist is warning the Government it faces a technical “minefield” over its Beneficial Ownership Registry, whose operations he urged it to outsource to the private sector.
Gov't urged: Delay WTO until 2021's new power plant established
The Government was yesterday urged to delay the Bahamas’ WTO accession until 2021 to coincide with the prospect of lower energy costs for New Providence at least.Robert Myers, the Organisation for Responsible Governance’s (ORG) principal, told Tribun
QC: Licensees ‘can’t trust’ Port over WTO
Freeport needs “two seats” in the WTO negotiations because the Grand Bahama Port Authority (GBPA) cannot be trusted to look after its licensees’ interests, an outspoken QC has warned.
Bahamas' GDP growth '25%' of what's needed
The Bahamas is just “25 per cent of the way” towards generating the economic growth its needs following real GDP expansion of 1.4 per cent in 2017.Robert Myers, a principal with the Organisation for Responsible Governance (ORG), told Tribune Business
BFSB takes insurance conference 'captive'
The Bahamas Financial Services Board (BFSB) attended the annual Risk Management Society (RIMS) conference in a bid to attract external (captive) insurance business.The RIMS annual conference and exhibition, held from April 16-19, is the key global co
