Realtors bid to 'tighten up' key industry laws
THE Bahamas Real Estate Association (BREA) is pushing to “tighten up” the Real Estate Act, its president acknowledging that one of the proposed changes would address the “illegal” practice of non-Bahamians selling local real estate.Christine Wallace-
Contractors urge 'clarity' on Pointe involvement
THE Bahamian Contractors Association (BCA) is demanding the Government and developer “clarify” how many Bahamian companies and labourers are employed on Phase II of The Pointe project.Leonard Sands, the BCA president, told Tribune Business that while
Tourism minister ends deals that 'screwed the Bahamas'
The Minister of Tourism yesterday said the Government has restructured Grand Bahama ferry/cruise ship incentive packages that previously “screwed the Bahamas”.Dionisio D’Aguilar told Tribune Business that his ministry had sought to move away from “ma
Hotel room revenue down 7% as tourism 'stays weak'
TOURISM industry performance “remained weak” through October 2017, it was disclosed yesterday, with hotel room revenues off 7 per cent due to occupancy and rate declines.The Central Bank of the Bahamas’ monthly economic report for November, which dis
Downtown jeweller tight-lipped over closure claims
A PROMINENT Bay Street jewellery retailer was yesterday tight-lipped on suggestions it is closing down with the loss of around 12 jobs.
‘Re-opening old wound’ concerns on Baha Mar
PROMINENT contractors yesterday said they “absolutely believe” Baha Mar’s critical construction defects have been remedied, as they warned against “re-opening old wounds”.
URCA unites industry in opposition to '20x' data gathering rise
THE Bahamas’ major communications players have united in criticism of “burdensome and intrusive” regulatory proposals that threaten to increase data gathering by “20 times”. Cable Bahamas and its Aliv affiliate, together with their Bahamas Telecommun
Don't 'muddy water' on Sarkis's CCA lawsuit
The Bahamas Institute of Chartered Accountants (BICA) president yesterday warned against “muddying the water” over Sarkis Izmirlian’s $2.25 billion damages claim against Baha Mar’s main contractor.Gowon Bowe told Tribune Business that it was importan
'Busy Christmas' beats retailer expectations
BAHAMIAN retailers yesterday reported “an extremely busy Christmas”, with one telling Tribune Business: “It was much much better than I expected”.Charmaine Daley, manager at John’s Shoes and Accessories on Carmichael Road, said: “As expected we were
Tax reform on Chamber agenda list for 2018
TAX reform will be a part of the Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) advocacy agenda in 2018, its chief executive says.
Commonwealth Bank takes dividends to $30m
COMMONWEALTH Bank has given its 6,000-plus shareholders some extra Christmas cheer by paying an extraordinary $0.02 per share dividend on December 22.
Realtor chief: Multiple Listings ‘catching on as win-win situation’
THE Bahamas Real Estate Association’s (BREA) president yesterday said its Multiple Listing Service (MLS) is “catching on”, with just under 1,500 active property listings currently.
Sarkis: I stopped $169m bogus bills
Sarkis Izmirlian is claiming Baha Mar’s main contractor would have cost him $169 million in “grossly over-valued bids” had he not intervened in its procurement process.
Sarkis: $84m cut-off caused by CCA 'lies'
SARKIS Izmirlian has accused Baha Mar’s main contractor of causing an $84 million funding “squeeze” due to its desire to eliminate the “project watchdog”.Baha Mar’s original developer, in his $2.25 billion damages claim filed on Boxing Day, alleged t
GB Power buy-out 'not the way we'd want to end' year
THE uncertainty surrounding the $35 million GB Power buy-out is “not the way we want to end 2017 in the capital markets”, investment bankers have told Tribune Business.Top executives at both Royal Fidelity Capital Markets and CFAL, the country’s’ two
