The Bahamas Investor

...taxes, with about 35,000 properties currently outside the system, Minister of State for Finance Michael Halkitis disclosed yesterday. “The real property tax (RPT) system suffers from many critical structural defects and, as a result, revenues generated by the system fall significantly short of the amounts that should rightfully be collected,” Halkitis told members of the Bahamas Chamber of Commerce and Employers Confederation at a lunchtime meetin......

...A) and has secured an initial location for its base of operation, Minister of State for Finance Michael Halkitis said Wednesday. The first sections of the CRA are expected to establish offices “in the very near future.” Halkitis made the announcement during the first in a series of Meet the Ministers sessions being hosted by the Bahamas Chamber of Commerce and Employers Confederation. Currently, The Bahamas has more than 30 departments and agencie......

...Minister of State for Finance Michael Halkitis says that the government is confident that its policies will help reduce the deficit and curb spending during the upcoming fiscal year.......

...maritime administration, described in Assembly Resolution A.1054(27) Code for the Implementation of mandatory IMO Instruments, with a view to developing the recommended National Strategy. Participants agreed that a comprehensive strategy is critical to maintaining full compliance with all national obligations and the efficient deployment of national resources. The resulting National Strategy document addresses a wide range of stakeholder responsi......

...James, attended a reception hosted by The Prince of Wales and the Duchess of Cornwall, for Realm High Commissioners at Clarence House in London, January 24, 2013. A Commonwealth Realm is a sovereign state within the Commonwealth of Nations that currently has Queen Elizabeth II as its reigning constitutional monarch and shares a common royal order of succession with the other realms. There are 16 Commonwealth Realms: Antigua and Barbuda; Australia......

...Bahamians can do.” Once completed the 75,000 sq ft building with house six state-of-the-art surgical suites, 18 recovery beds, 20 Intensive Care Unit (ICU) rooms, 48 Neonatal Intensive Care Unit (NICU) beds, new laboratory facilities, new MSSD and CSSD, as well as a new chapel, healing garden and upgraded supporting spaces for the building. Lead consultant for the project Diggiss spoke about the thinking behind the tour: “Our goal was to ensure th......

...pects of our financial community to make sure that we can attract the kind of foreign investor that we wish to domicile here,” explains Gomez, an accountant with some 30 years experience, who also serves as the managing partner of Baker Tilly Gomez chartered accountants. Leading legislation This role within the regulatory and legislative environment has led to some important developments. Warren believes that two integral pieces of legislation (Th......

..., Cape Eleuthera is opting for a more understated, sustainable policy. One of the stated aims of the development is that no building should be taller than the nearest mature palm tree, and at the moment there is only one retail outlet, one restaurant (a relaxed, thatch-roofed building on the beach) and one coffee shop. “Cape Eleuthera is not for everyone,” says the resort’s managing director, David Green. “It will never be a Las Vegas transplanted......

...rsary of Independence of the Republic of Trinidad and Tobago, the Ministry of Foreign Affairs and Immigration announced Wednesday, August 29, 2012. He will convey congratulations to the Government and people of Trinidad and Tobago on behalf of the Government and people of The Bahamas. Trinidad and Tobago gained its independence from Great Britain on August 31, 1962 and was a founding member of the Caribbean Community on August 1, 1973. The Bahamas......

...Executive vice president of the China State Construction Co told reporters August 22 that the multi-billion dollar Baha Mar project is progressing smoothly and that 25 per cent of the construction work has been completed. He made the comments as Governor General Sir Arthur Foulkes toured the construction site.......

...name of REV. With revenues exceeding $85 million, the company has built a state-of-the art broadband network consisting of a Hybrid Fiber Coax used for all broadband services, video and High Speed Data and a direct fiber network for Ethernet and TDM based services. Today, CBL is wholly owned by over 2,000 Bahamians and the Government of The Bahamas.  In addition, the company created the Cable Cares Foundation and has awarded over $1.7 million to......

...experienced casino team from Crystal Palace to help us open the beautiful, state-of-the-art Baha Mar Casino & Hotel,” says Paul V Pusateri, Baha Mar’s chief operating officer. “Our Baha Mar casino team will provide guests with a best-in-class gaming experience that will draw players from around the globe.” Tom Dunlap, Baha Mar’s president, notes that the Crystal Palace has been a long-established player in the Nassau tourism market. “We want to th......

...ation regarding this litigation was contained in AIG’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013. The proceeds of the settlement are expected to contribute towards the continued wind down of the remaining derivatives portfolio of AIGFP, which is a part of Global Capital Markets. Certain statements in this press release constitute forward-looking statements. These statements are not historical facts but instead represent onl......

...16, 2011. Appropriately, the first flight to leave the new 247,000 sq ft, state-of-the-art terminal was Bahamasair flight 221 to Miami. “It marked a big achievement for the whole team,” says Steeves of the transition day. “It had been years of work. Our goal for the first day was for no event to occur that we didn’t have a contingency plan for, so everyone had been preparing for months beforehand. The broader project, of course, goes back years p......

...here in Florida,” says David H Pflieger Jr, president and chief executive officer of Silver Airways. “Within the state, we’re improving connectivity from north to south and extending our reach to The Bahamas. At the same time, we’re better aligning our service to sync most efficiently with United Airline’s global reach so Silver Airways customers can reap the full benefits of our codeshare partnership.” Silver Airways will deploy Saab 340Bplus ai......