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Developer eyes second price rise after hitting $15m in sales
A SOUTH-west New Providence development yesterday revealed it will increase prices for the second time “in a few weeks” after earning $15m from selling 35 percent of its available lots within five months.
GB entrepreneur to crowd fund entertainment centre
A Grand Bahama entrepreneur will formally announce his bid to crowd-fund the development of an entertainment centre on February 3.
‘Don’t revise entire building code - just adjust for certain islands’
BAHAMAS Contractors Association president Leonard Sands said yesterday that the entire building code does not need to be revised - just the code for certain islands.
Share index up over year, reports BISX
The Bahamas International Securities Exchange (BISX) reported equity of $5.96bn and debt totalling $4.51bn as at September 2023, representing a 1.57 percent increase for the nine-month period.
Air freight operators fret as new cargo fee yet to arrive
Couriers and air freight providers yesterday warned that the proposed new cargo scanning fee will “definitely hurt business” despite it not being implemented on New Year’s Day as originally planned.
Central Bank mortgage ease may not have instant impact
A realtor yesterday hailed the Central Bank's bid to help more persons "accomplish the Bahamian dream" although he warned the impact may not be felt instantly.
Ex-environment chief 'grasping at straws'
The Bahamas' former top environmental regulator was "grasping at straws" with his last-ditch bid to prevent the $4.85m seizure of his Shirley Street gas station by the Bank of The Bahamas' bail-out vehicle.
THE UROLOGY DOCTOR IS IN...Too fast too soon – the ordeal of premature ejaculation Part II
Premature ejaculation afflicts an estimated one in three men in the Bahamas and throughout the world. Men in this country sadly often endlessly suffer in shame and despair from this very correctable medical problem.
Project fills ‘10-year void’ for upper middle housing
A south-west New Providence development was yesterday said to be filling a “ten-year void” in the middle class housing market after clinching $13m in lot sales during its first three months.
Cases of sex infections reduced over ten years
THE public healthcare system recorded 2,169 sexually transmitted infections in 2022, 61 per cent –– or 1,320 –– of which were syphilis cases.
Nygard scuttled $10m Bay Street wharf sale
Peter Nygard scuttled the $10m sale of a prominent Bay Street property that could play a vital role in downtown Nassau’s rebirth, a Supreme Court judge has revealed.
INSIGHT: Minister points finger at PM’s New Plan
THERE is a story many of us are familiar with from children’s books growing up – the tale of the Emperor’s New Clothes. I’ve been reminded of it in this past week in Bahamian politics.
INSIGHT: The future of businesses in the Family Islands
AS THE road to 50 years of independence continues, FAY SIMMONS discussed the future of Family Island small and medium sized businesses with their local Chamber of Commerce representatives.
INSIGHT: How does our nation gain from these resort developments?
AS ANNOUNCEMENTS go, it couldn’t have come at a worse time for the developers – but perhaps not a better time for the nation.
$200m renewable fund eyes summer ‘24 launch
The Ministry of Finance’s top official yesterday said he is targeting summer 2024 for the launch of an up to $200m fund that will finance renewable energy’s build-out across The Bahamas.
High dairy intake linked to increased prostate cancer risk
There is a saying that milk does the body good, and another that states moderation in all things is the best policy. Prostate cancer has the highest incidence of any cancer in the Bahamas.
The worst pandemic facing the Bahamas is obesity
According to the World Obesity Federation, the Bahamas had an adult obesity rate of 27.9 percent in 2021. The Bahamas was ranked the sixth most obese country in the world according to 2014 statistics by the World Health Organisation (WHO).
‘Incredibly difficult’ for middle class to ever purchase home
Middle class Bahamians will find it “incredibly difficult to ever get a home”, developers and realtors warned yesterday, with financing and other hurdles constantly being raised that “little bit higher”.
INSIGHT: He was a predator in our midst - so why does no one want justice?
SERIAL predator Peter Nygard cornered women in his private suite and sexually assaulted them, time and time again – but judging by the response of officials here in The Bahamas, it’s no big thing.
Digital payments ‘a train that is not going to stop’
The Central Bank’s governor yesterday said he is aiming to “leapfrog The Bahamas to an even better digital payments state” as he warned: “This is a train that is not going to stop.”
Mortgage loan approvals decline to under one-third
Less than one out of every three mortgage loan applications was approved in the 2023 first half despite total credit applications to the commercial banking sector increasing by 9.4 percent year-over-year.
Attorney loses appeal on ‘forged’ bank drafts
A Bahamian attorney yesterday failed to overturn the rejection of his “gross negligence” claim against Scotiabank (Bahamas) after two “fraudulent” bank drafts left his account overdrawn by $165,000.
‘6,000% important’ ArawakX crowd-fund void filled swiftly
A long-time crowd funding advocate says it is “6,000 percent important” that another platform replace ArawakX if it is wound-up, adding: “The void has to be filled immediately.”
Land reform: ‘It’s never too late to do right thing’
Land ownership rights will become much clearer and accessible to all Bahamians if the Government follows through in its Speech from the Throne pledges, a long-time reform advocate says.
Bahamian developer in deal at Goodman’s Bay
A well-known Bahamian developer behind projects such as Balmoral, ONE Cable Beach and Aqualina is eyeing the imminent acquisition of a prominent Goodman’s Bay property.
Crowd-funder: From $4m to $200m in 14 months
The Bahamas’ first-ever crowd-funding platform purportedly increased in value from just $4.38m to an astonishing $201.75m in just 14 months, it was alleged yesterday, despite accounts revealing a $2.659m “deficit” at end-July 2022.
$657k ‘pipeline’ blockage kept ArawakX insolvent
The Bahamas’ first-ever crowd-funding platform was branded “no longer solvent at February 2023” by external auditors who warned that $656,500 in “pipeline” revenue could not be used to restore a “net equity” position.
ArawakX dismissed top investor as ‘over his head with Fintech’
ArawakX’s chairman dismissed the company’s largest investor as someone who “can’t use a computer” and was “over his head on Fintech” after he turned whistleblower over its financial, governance and regulatory concerns.
ArawakX issuers await funds, investor listing
Two companies that raised equity capital through the embattled ArawakX crowd-funding platform yesterday complained that they are either still owed money or have yet to learn who their new shareholders are.
September seizures for property tax delinquents
Tax officials say they will begin seizing and selling real estate owned by commercial and foreign real property tax delinquents next month, adding: “We’re dotting all the ‘i’s’ and crossing all the ‘t’s’.”
Financial provider urges Bahamians: Don't panic
A Bahamian financial services provider yesterday urged citizens and investors to exploit the COVID-19 pandemic for opportunities rather than simply panic. Sean Longley, pictured , Leno’s founder and president, said: “We read the headlines daily. We
Financial firm marks its 10th anniversary
A Bahamian financial services provider with over $800m in assets under administration has enjoyed a socially-distanced 10th anniversary celebration due to COVID-19. Sean K Longley, Leno’s founder and president, said: “Ten years ago, when we had look
Call for PM to move on Freedom of Information Act
International Press Institute Executive Director Alison Bethel McKenzie today called on Prime Minister Perry Christie to move immediately to grant Bahamians access to information that directly impacts their democratic rights.
Runway is completed at airport after fatal crash
FOR the first time in five years, Bahamasair will start making regularly scheduled flights to Mayaguana.
