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Heads of Agreement deals struck between the Government and major foreign developers are “contrary to good governance”, a well-known QC said yesterday, because they enable statutory permitting processes to be bypassed.
A developer believes the Bahamas does not need an Investor Citizen programme because permanent residency is sufficient, adding: “Citizenship should be earned for who you are, not what you pay.”
Mario Carey Realty’s (MCR) sales team and staff have visited Baha Mar’s new Residential Sales Preview Centre, located in the Royal Blue Golf Clubhouse. This facility structure will also include a restaurant and sports and souvenir shop when the resort opens in December.
The Minister of Tourism championed the Bahamas and the Caribbean before a 400-strong Los Angeles crowd featuring some of North America’s top travel agents.
Bahamian organisers behind this weekend’s World Relays yesterday said that while initial figures were still being compiled, they expected to meet their targets through a “quite significant” economic impact.
THE Bahamas Federation of Retailers (BFR) has praised the Government for its willingness to work with the Tax Coalition and adopt its recent study into policy considerations, adding that fiscal and tax reform required “buy-in” from both the public and private sector.
A Bahamian credit union yesterday said it was hoping its $15 million Abaco shopping complex will be fully leased within “a couple of months”, as all 11 smaller units in the complex have been “completely taken up”.
The Bahamas “would accept a 5 per cent VAT with no exemptions” and 100 per cent enforcement of all other taxes, Super Value’s owner believes, predicting that the Government will now “relaunch” its preferred reform model.
Sandyport is hoping that Jamie Dingman and his investor group will “add another dimension” after they expanded their growing New Providence restaurant/eatery empire by renting the former Beach Cafe.
Opponents of Resorts World Bimini’s controversial cruise ship terminal believe they now have proof the developers were “dredging illegally” for more than a week, following Friday’s Privy Council hearing.
Sandyport believes it has notched “a great achievement” through having its residential real estate portfolio 100 per cent leased, with tenants snapping units up before they are built.
The Bahamas Oil Refining Company (BORCO) and its insurers appear to have been stuck with a multi-million dollar repair bill, after the Court of Appeal overturned a previous ruling and found a tanker owner could limit its financial liability for damaging a jetty.
Gathering together his staff for the annual mid-year review, Grand Bahama Shipyard’s (GBS) chief executive, Carl Rotkirch, congratulated his team on a successful year to-date.
A Bahamian inventory control and bar services firm is aiming to help clients ncrease their profitability by eliminating wastage, its founder telling Tribune Business it is already saving some more than $1,000 a week in liquor revenues.
Communications regulators appear to have accepted pleas by both the Bahamas Telecommunications Company (BTC) and Cable Bahamas to switch to a new method of supervising consumer prices in sectors where both companies have Significant Market Power (SMP).
Callenders & Co has appointed Jacqueline H. Banona as its latest partner in Grand Bahama.
Bahamas National Trust (BNT) executives said it was “gratifying” that the Privy Council decided to grant the injunction halting Resorts World Bimini’s dredging activities, arguing that this further highlighted the “complete lack of transparency” surrounding the project.
A group of 'Concerned Accountants' set out their template for legalising the webshop sector through proper and independent regulation.
There is “an undeniable moral case” for improving compliance with the Bahamas’ existing taxes, a private sector report suggesting such initiatives could boost real property tax collection alone by $70 million annually come 2024.
A Value-Added Tax (VAT) with widespread exemptions will be “dead on arrival”, a former Chamber of Commerce president warned yesterday, arguing that it would lead to higher tax rates and prices.
A Bahamian insurer yesterday said premium income from its contractor all-risk business had declined almost 50 per cent over the past four years, as it predicted “another flat year” for 2014 overall.
A leading Bahamian auto dealer yesterday said it was investing $140,000 to ‘swap’ the location of two vehicle brands, with the aim of generating a 10 per cent sales boost for the most popular.
Sandyport aims to “shortly” announce a further expansion of its commercial office and retail offering, as it mulls development options for the remaining 12 acres “at our very heart”.
Every business owner wants to encourage their staff to maximise their potential and operate on all cylinders as they provide services to clients. Successful leaders make every effort to create the right environment to support strong individual contributions and full team participation.
UNION executives were yesterday “breathing a sigh of relief” after the House of Assembly passed legislation to validate those deemed to have not been properly registered, one executive saying the matter had been settled “once and for all”.