These properties are not being flipped. To flip it you need a conveyance. The foreigners like to know that the property is theirs.
The reality is that for the last two years foreigners sold out and got out of The Bahamas to go to other destinations in greater numbers than those that came in.
The Central Bank figures prove this as they show that we had a negative $80 million or more out flow or deficit in FDI.
"He added that the nine-12 months being taken to process permanent residency applications was simply "too long" for his potential client base, giving them a negative impression of the Bahamas."
The problem is that we have been taught by the politicians that we can do anything and our sovereignty makes us the best in the world. The markets proves that people have a "negative impression of The Bahamas".
That is why Turks, Cayman and others are well off, with little unemployment, and we are still struggling.
The Christian Council will take money from Bahamians to build themselves a headquarters.
Then they will waste time (read spend more of their parishioners money as the Bahamian church goer pays their salaries) preaching about everything but the real issues.
The old model of taxis being the dominant form of transportation is a part of the mid twentieth century.
Buses, trains, courtesy vans dominate transportation at most airports and harbours today.
The day of the taxi as Mr. Rolle describes it is a way of the past. It died over forty years ago in most major areas and twenty years ago every where else.
If we want tourists in Grand Bahama we must open the system to more bus and shuttle services.
The only way this will work is if they take Bankers idea of encouraging foreign companies to set up.
They will need and support facilities such a food stores other local retailers, restaurants and hotels (they will invite friends and colleagues to come).
That should make the hotel viable and provide the Government with an exit strategy.
It provided a way for the crooked investor to get his approval because he did not mind making ....eeerrrr....contributions to certain individuals.
The more upstanding and quality investor eventually got fed up with the red tap and the lengthy (read ....give me some money to get this approved for you) procedure and gave up.
The Bahamas has lost out to Cayman, Turks and Caicos and so on. They don't have the unemployment that we have.
Under the Customs Management Act Customs has the power to conduct investigations.
So why is there no customs officer at the boundary line by Eight Mile Rock. As one blogger has said he knows that people are buying on another's bond.
Most of this can easily be traced and the guilty parties arrested at the boundary with the bonded goods in hand.
Yet Customs has never done this to my knowledge. They have the power to do so. Yet, Customs continues to harass the business owner who is not the major culprit.
Economist says...
Mr. Butler's comments are correct when it comes to Bahamasair. It gets huge subsidies that we as a nation can't afford. We need to shut it down.
On Aviation needs a plan which will fly
Posted 8 August 2017, 2:02 p.m. Suggest removal
Economist says...
Accounting on a "cash basis". No business does that because they would go broke. A Cash basis means you have no idea of the liabilities not yet paid.
You can't plan because you don't know the real position. You can suddenly find you have a bill to pay and not enough cash to pay it.
Thank you Mr. Turnquest for giving us the REAL financial picture and not the fake/false rose coloured PLP picture.
On War of words on finance debt
Posted 8 August 2017, 11 a.m. Suggest removal
Economist says...
These properties are not being flipped. To flip it you need a conveyance. The foreigners like to know that the property is theirs.
The reality is that for the last two years foreigners sold out and got out of The Bahamas to go to other destinations in greater numbers than those that came in.
The Central Bank figures prove this as they show that we had a negative $80 million or more out flow or deficit in FDI.
On Residency 'uncertainty' turns developer off new projects
Posted 2 August 2017, 10:18 p.m. Suggest removal
Economist says...
"He added that the nine-12 months being taken to process permanent residency applications was simply "too long" for his potential client base, giving them a negative impression of the Bahamas."
The problem is that we have been taught by the politicians that we can do anything and our sovereignty makes us the best in the world. The markets proves that people have a "negative impression of The Bahamas".
That is why Turks, Cayman and others are well off, with little unemployment, and we are still struggling.
On Residency 'uncertainty' turns developer off new projects
Posted 2 August 2017, 3:12 p.m. Suggest removal
Economist says...
The Christian Council will take money from Bahamians to build themselves a headquarters.
Then they will waste time (read spend more of their parishioners money as the Bahamian church goer pays their salaries) preaching about everything but the real issues.
A waste of the peoples land.
On Christian Council to be given land
Posted 2 August 2017, 3:06 p.m. Suggest removal
Economist says...
The death penalty won't stop the murders.
Europe Union does not have the death penalty, the United States does. Texas alone has executed some 500 since the death penalty was reinstated.
See were the most murders are committed European Union vs USA.
On Miller says 'do it now' over death penalty plans
Posted 31 July 2017, 5:19 p.m. Suggest removal
Economist says...
The old model of taxis being the dominant form of transportation is a part of the mid twentieth century.
Buses, trains, courtesy vans dominate transportation at most airports and harbours today.
The day of the taxi as Mr. Rolle describes it is a way of the past. It died over forty years ago in most major areas and twenty years ago every where else.
If we want tourists in Grand Bahama we must open the system to more bus and shuttle services.
On Freeport taxi drivers 'livelihoods at stake'
Posted 30 July 2017, 9:39 p.m. Suggest removal
Economist says...
The only way this will work is if they take Bankers idea of encouraging foreign companies to set up.
They will need and support facilities such a food stores other local retailers, restaurants and hotels (they will invite friends and colleagues to come).
That should make the hotel viable and provide the Government with an exit strategy.
On Govt to take stake in Grand Lucayan
Posted 27 July 2017, 10:21 p.m. Suggest removal
Economist says...
It provided a way for the crooked investor to get his approval because he did not mind making ....eeerrrr....contributions to certain individuals.
The more upstanding and quality investor eventually got fed up with the red tap and the lengthy (read ....give me some money to get this approved for you) procedure and gave up.
The Bahamas has lost out to Cayman, Turks and Caicos and so on. They don't have the unemployment that we have.
On Realtor urges 'total rethink' of investor approval process
Posted 27 July 2017, 10:13 p.m. Suggest removal
Economist says...
Under the Customs Management Act Customs has the power to conduct investigations.
So why is there no customs officer at the boundary line by Eight Mile Rock. As one blogger has said he knows that people are buying on another's bond.
Most of this can easily be traced and the guilty parties arrested at the boundary with the bonded goods in hand.
Yet Customs has never done this to my knowledge. They have the power to do so. Yet, Customs continues to harass the business owner who is not the major culprit.
On QC demands DPM retract Freeport as ‘smuggling gateway’
Posted 27 July 2017, 11:56 a.m. Suggest removal