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A Bahamian website executive recently joined board members and marketing professionals from the industry’s top companies in Irelend for a series of meetings.
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By NEIL HARTNELL
By NATARIO McKENZIE
By NEIL HARTNELL
By NEIL HARTNELL
By NEIL HARTNELL
By NATARIO McKENZIE
By D’Arcy Rahming
By NEIL HARTNELL
The Bahamian real estate market has “not quite turned the corner” and is splitting into two, Tribune Business was told yesterday, with the number of recorded mortgages down 17.3 per cent year-over-year for the 2013 first half.
The Bahamas’ national debt hit $5.119 billion at end-March 2013, with a former finance minister yesterday describing the 36.6 per cent foreign currency share of this figure as “the worrying side” of the fiscal crisis.
DOCTORS Hospital Health System (DHHS) “is ready to move” on stem cell treatment as soon as the Government passes the necessary regulations, its president yesterday saying it would be part of its medical tourism programme.
A leading accountant yesterday described the mechanism the Bahamas will use to comply with the US Foreign Account Compliance Act (FATCA) as “significant concern” and “the big elephant in the room”.
An eastern New Providence development yesterday unveiled a “unique” strategy for selling its new $17.5 million condo offering, which it hopes to build-out within two years.
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has been accepted into membership of the prestigious International Chamber of Commerce (ICC).
A $200 million real estate development yesterday confirmed that a boutique hotel, while “on our radar”, was likely three to four years from being added to its product mix.
WITH Bimini set for even more resort development, some residents yesterday expressed fears that the small island is being over developed and will eventually become overpopulated, one telling Tribune Business: “I don’t know why this island is being overloaded”.
Scotiabank (Bahamas) centre director, Samuel Haven, has passed the Executive Series 7 general securities training workshop with The Nastac Group.
A Bahamian broker/dealer and its owner have described themselves as “bit players at most” in two alleged multi-million dollar financial frauds, accusing US regulators of attempting to portray them as “unscrupulous”.
The Prime Minister’s assertion that Save the Bays’ Clifton campaign is “foolishness” has been slammed as “undignified and short-sighted”, a top QC questioning: “Is it Perry or Peter who is in charge?”
Restrictions that prevent US federal money from being spent on sand imports represent a major obstacle to the Prime Minister’s dreams of creating a Bahamian sand export market.
Property owners at the controversy-torn Oceania Heights development are furious that they will have to pay Stamp Duty based on their initial purchase price, despite values having fallen by up to 80 per cent.
The Securities Commission’s latest agreements with counterpart regulators have prevented the Bahamian investment funds industry being “shut out” of the European Union’s (EU) capital markets, a Cabinet Minister said yesterday.
Reducing Customs duties to 10 per cent at the same time Value-Added Tax (VAT) is introduced would enable the Bahamas to achieve “the Holy Grail” of matching US prices and increasing government revenues.