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.
$3.1m Potter’s Cay project ‘progresses’
The Minister of Transport and Aviation said yesterday that work on the $3.1 million Potter’s Cay dock redevelopment was moving froward “progressively”, with the aim of providing safer and more streamlined operations.
New home starts off 67% in one decade
The pace of home construction is failing to keep pace with the Bahamas’ housing needs, with residential starts and completions both declining by more than two-thirds in the decade up to 2014.
Ex-Chamber chief slams ‘outrageous’ late tax penalties
A former Chamber of Commerce president yesterday slammed the penalties for missing tax payment deadlines as “outrageous”, revealing his business was fined almost $4,000 for being five minutes late with its VAT remittance for March.
Bran: Save the Bays leak ‘more damaging’ than Panama Papers
The Democratic National Alliance’s (DNA) leader yesterday said the ‘Save the Bays’ e-mail leak had been “more detrimental” to the Bahamas and its financial services industry than the so-called ‘Panama Papers’ revelations.
Union chief’s BEC blackout warning
Union leaders yesterday warned that New Providence residents and businesses were facing a long, hot summer unless “challenges” at Bahamas Power & Light’s (BPL) main Clifton Pier power plant were rapidly addressed.
‘Panama Papers’ expose folly of Bahamas leaks
The ‘Panama Papers’ fall-out should deter the Government from contributing to the “self-destruction” of the Bahamian financial services industry through further data leaks, a Queen’s Counsel (QC) said yesterday.
