BREA forced to ‘shelve plans’ by court fight
The Bahamas Real Estate Association’s (BREA) president yesterday said the legal costs and uncertainty associated with its battle against a former Cabinet Minister had forced it to “shelve plans” beneficial to members.
Bahamas facing ‘tax policeman’ push after leak
The Bahamas and other international financial centres (IFCs) will likely come under increasing pressure “to be the world’s tax policemen” as a result of the ‘Panama Papers’ leak, the Opposition’s deputy leader warned yesterday.
Bahamas ‘all wrong’ with ‘Silo’ tourism
The Bahamas’ current tourism model is “all wrong” because it “silos” the visitor experience from the indigenous population, a young social entrepreneur yesterday calling for this nation to integrate both sides.
Bahamas First chief’s ‘affordability’ worry
Bahamas First’s top executive yesterday expressed further concern about the “affordability” of insurance for many households and businesses, with premium spend already “very high” compared to other Caribbean nations.
Bahamas not at ‘upper end’ over debt levels
The Bahamas’ 60-70 per cent debt-to-GDP ratio is “not unusual” when compared to other nations within the Caribbean, the Inter-American Development Bank’s (IDB) country representative said yesterday.
Bahamas to get $60m from IDB during 2016
The Inter-American Development Bank (IDB) plans to approve close to $60 million in loans to the Bahamas this year, its president said yesterday, adding that it currently has a portfolio worth $253 million in this nation.
Gov’t pushing for Baha Mar open
Prime Minister Perry Christie said yesterday that the Government is arranging bi-lateral meetings with a high ranking delegation from China to discuss the completion and full opening of the stalled Baha Mar project.
IAN FERGUSON: Firms must prevent workplace slander
Bahamians have long been renowned for ‘sip sip’. The work environment is never exempt, and usually presents a reflection of what happens in the wider community.
Bahamas First: Company ratings hit if sovereign cut
Bahamas First’s top executive yesterday expressed concern that local companies’ own credit ratings might be cut if this nation loses its ‘investment grade’ status.
Costs and banks causing ‘catatonic’ home market
High construction and mortgage costs, coupled with the unwillingness of banks to take losses on toxic loans, have resulted in a “catatonic” Bahamian housing market, Tribune Business was told yesterday.
‘What’s good for goose is good for the gander’
A former Bahamas Chamber of Commerce president yesterday said his near-$4,000 ‘late payment fine’ paled into insignificance when set alongside the $20,000-$30,000 Value Added-Tax (VAT) refund his business has been owed for seven months.
Despite $210m deficit, Central Bank backs Gov’t on turnaround
The Central Bank yesterday backed the Government’s assertion that it will ‘catch up’ to its fiscal targets during the 2016 first half, with the deficit for the first seven months of its current Budget year shrinking by 28.4 per cent to $210.1 million.
21% of households can’t afford homes
The Government has known for 15 years that land and construction costs would outpace salary/income levels, making home ownership increasingly unaffordable for a growing number of Bahamian households.
BPL confident it will meet summer demand
Bahamas Power and Light (BPL) yesterday expressed confidence it will meet peak summer demand, while acknowledging that it has been tackling challenges at its Clifton Pier Power Station.
Ocean Club’s owner invests $20m to-date
The One & Only Ocean Club’s owner yesterday said it has invested more than $20 million to-date in upgrades to the property, and maintained that plans to develop the controversial Cabbage Beach ‘access’ area have only been postponed as an act of goodwill.
