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The Bahamas Real Estate Association’s (BREA) president yesterday expressed hope Royal Bank of Canada (RBC) had pressed “the reset button”, after it postponed plans to impose an appraisal management company on the industry.
The Bahamas is aiming to be “fully signed up” and compliant with the US Foreign Account Tax Compliance Act (FATCA) by July 1, with the Government seeking to finalise discussions on its intergovernmental agreement (IGA) with the US Treasury by next month.
A well-known Bahamian auto dealer yesterday estimated that 2014 auto sales could decline 30 per cent year-over-year, based on what he described as “one of the worst January’s ever”.
Years ago, a soft drink company set out to find which was the best cola in the US. Why? The company wanted to develop the best cola and completely capture the market. It spared no expense, and launched a massive research team to go around the entire US and interview as many people as they could.
THE Bahamas’ first-ever butler training institute has seen 24 graduates obtain local and international certification, its facilitator said yesterday.
THE Bahamas must be on “top of its game” and “ahead of the pace” in combating in financial crimes, a Cabinet minister said yesterday, adding that just one incident could be extremely damaging to the jurisdiction.
THE Bahamas Union of Teachers (BUT) is gearing up to launch an “historic” share offering that aims to raise $6 million for financing a “state of the art”, 18,000 square foot headquarters on Bethel Avenue.
A Bahamian money solutions provider has launched its “alternative” pay day loan, aiming to offer customers small credit sums at low cost.
Top Canadian athletes will celebrate the winter Olympics at Exuma’s Grand Isle Resort & Spa in a bid to raise money for their fellow sportsmen.
Furious realtors have been urged to “boycott” plans by two Canadian-owned banks to impose an appraisal management intermediary upon them, one telling Tribune Business: “I might as well pack my bags and head for the retirement home.”
The Italian founder of Freeport’s PharmaChem Technologies plant is attempting to buy it back from its French owner, a move that if successful could result in its $60 million expansion.
A Bahamian resort general manager has had an “eye opener” over this nation’s relatively high air fare costs, saying these render complaints about expensive room rates almost academic.
The Opposition’s finance spokesman has urged the Government to clarify the speculation swirling around Bank of the Bahamas International, expressing fears that the ongoing uncertainty could cause “a run” on the institution by depositors and creditors.
Environmental activists are seeking a Supreme Court Order that would compel Peter Nygard to produce documents showing all dredging/construction activities in the sea off his Lyford Cay home had been approved by the Government.
WITH the Government having essentially won public approval to raise more revenue via increased taxes, a prominent businessman said it could “win big” by allowing the Bahamian people to decide how they will be taxed.
Port Lucaya Marketplace (PLM) was abuzz with tourists after a visiting cruise ship disembarked 80 per cent of its guests.
Treasure Cay’s chief councillor says no construction permits for a controversial project will be forthcoming any time soon, as the island’s planning authorities have been “shut down” over an alleged ‘conflict of interest’.
The Caribbean Export Development Agency (Caribbean Export) is calling for the private sector to submit proposals for grant funding from the European Union (EU).
The Caribbean Export Development Agency (Caribbean Export) will host a Grant Proposal Writing Workshop on January 23 at the British Colonial Hilton.
The Bahamas Telecommunications Company (BTC) is arguing that it will be virtually impossible for it to engage in predatory pricing under the cellular ‘duopoly’ that will result from April’s planned liberalisation, as this would force it to slash prices by between 41-79 per cent.
A Bahamian insurer yesterday reached “the mountain top” after being upgraded to the industry’s highest-possible financial strength rating, revealing that its 50 per cent profit retention policy had ‘paid dividends’.
The legal battle over a well-known Abaco resort/marina development has experienced a new twist, after the Supreme Court issued an order removing its receiver.
The Bahamas “cannot survive many incidents” similar to this week’s detention of a senior UBS banker, a leading QC warning it will reinforce perceptions in some quarters that this nation has a “hostile” Immigration policy.
The Democratic National Alliance’s (DNA) leader yesterday said crime fears had cost the Bahamas a job-creating investment by a “multi-millionaire client”, as he likened doing business in this nation to “hell”.
The Treasure Cay project that came under fire from both Abaconians and environmentalists yesterday said it had been assured its dredging permit was “imminent”, adding that local sentiment had shifted in favour of the development.