Local Business


Realtors applaud property tax U-turn as Turnquest seeks to clarify position

THE government’s decision to revert to the previous definition of ‘owner occupied’ properties may have saved ‘hundreds of millions of dollars’ in real estate value and helped to preserve investor trust in The Bahamas the Bahamas Real Estate Associati

National lottery - Wilchcombe argues for full steam ahead

THE establishment of a national lottery could provide the additional revenue to address budgetary shortfalls in areas such as education and social assistance according to an ex-tourism minister who urged the government not to hesitate.Obie Wilchcombe

Outback unveils plans to head out West

Outback Bahamas plans to invest some $2 million on a second restaurant on New Providence.Since July 2013, the Outback Steakhouse Brand has been serving up Aussie inspired food favourites with a Bahamian twist. Through the continued support of its lo

Art of Graphix: Deisha really is the genie outside the bottle

If you have never met a “genie outside of a bottle” I would say you have not met this brilliant and creative young lady who answers to the name Jerdeshia Moxey. This assertive gal does not own a magic wand, rub a bottle, nor does she pull rabbits fro

High schoolers dive into Technology at BTVI

Young Kwsaind Turnquest made one of the best decisions when he decided to sacrifice his summer vacation to participate in the Information and Communication Technology Summer Youth Programme at The Bahamas Technical and Vocational Institute (BTVI).Kws

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Turnquest U-turn over property tax increases

THE government intends to revert to the previous definition of owner-occupied properties that was in effect up until June of this year, Finance Minister Peter Turnquest said yesterday.

A one-stop shop for all financial services

A BAHAMAS-based Fintech firm is aiming to accelerate the inclusion of the “under-banked and unbanked” across The Bahamas via a platform which will unite all financial services into a singular platform, its founder and chief executive revealing plans

BPL’s new philosophy begins to bear fruit

BAHAMAS Power & Light’s top executive said yesterday he envisages at least five islands operating as “stand-alone” operations, describing such a move as ‘healthy’ for the utility.

Wilson 'firing' is part of 'PLP witch-hunt' claims Davis

OPPOSITION Leader Philip “Brave” Davis says the Minnis administration’s witch-hunt against the Progressive Liberal Party is continuing, with its most recent target being former Financial Secretary Simon Wilson.Contrary to a report in The Punch yester

Bannister briefs tourism chiefs on power plans

Public Works Minister Desmond Bannister addressed key senior tourism officials and executives at a recent BHTA meeting.Minister Bannister provided attendees with an insight into the “short, medium and long-term goals to address the cost and reliabili

Architects demand planning process must apply to shanty town buildings

GOVERNMENT is acting on poor advice and setting a terrible precedent over its decision not to demolish some shanty town buildings simply because they are up to code, Bahamian architects have warned, telling Tribune Business that all developments shou

Banker's US arrest sparks Securities Commission probe

THE Securities Commission of The Bahamas is investigating possible Bahamian links to the arrest in Miami, Florida of German private banker Matthias Krull, who was recently charged in the United States in connection with an alleged scheme to launder m

URCA sets ultimatum over resale broadband

THE country’s two major communications players have been given until month’s end to “amend and resubmit” revised resale broadband offers to the Utilities Regulation and Competition Authority (URCA).The regulator in its recently released Final Determi

Quality and costs key for tourism in fourth quarter

THE country’s major resorts are looking to a “healthy” fourth quarter, having witnessed positive gains over the first six months of the year. Carlton Russell, the Bahamas Hotel and Tourism Association’s (BHTA) president, speaking on the sidelines of

Scotia withdrawals limit sparks calls for intervention

AN advocacy group is blasting what it describes as a “disconnect” between the Canadian commercial banks and the needs of their customers, while urging the Central Bank to facilitate a system which addresses the needs of both sides. Dr Denotrah Arche