Port Lucaya’s vendors in ‘desperate situation’
THE Davis administration should address concerns of Port Lucaya Marketplace straw vendors, the Opposition’s finance spokesman said yesterday.
Developer eyes summer for $45m West Bay hotel start
A Bahamian developer yesterday voiced optimism that construction on his planned $45m West Bay Street resort can begin this summer if the necessary environmental approvals are obtained.
Sky chief to ‘keep fighting’ as $220k hangar verdict upheld
Sky Bahamas principal yesterday pledged to “keep fighting” after a verdict ordering the now-defunct airline to pay $220,000 plus interest to the owner of its hangar at Lynden Pindling International Airport (LPIA) was upheld.
Electric vehicle dealer’s Mall at Marathon ‘first’
A Bahamian electric vehicle distributor yesterday revealed it will become the first auto dealer to have a Mall at Marathon showroom come this Spring as it bids to repeat 2024’s 10-15 percent sales increase.
BISX-listed bank ‘escapes liability’ over alleged $115k pension theft
A BISX-listed bank yesterday overturned a $115,489 damages award “to escape liability” related to the alleged theft of pension contributions made on behalf of staff at a Freeport-based resort.
‘No surprise’ Trump rejects 15% global corporate tax
A Cabinet minister last night asserted it was “no surprise” that Donald Trump has withdrawn the US from the 15 percent minimum global corporate tax amid fears this move may hit The Bahamas’ competitiveness.
‘No magic bullet’ can solve Bahamian housing crisis
A prominent developer yesterday warned “there is no one magic bullet” for resolving The Bahamas’ housing crisis as he urged market participants to “put everything on the table” in searching for a solution.
‘Penny wise, pound foolish’ fear on capital spend cuts
The Government was yesterday warned not to be “penny wise and pound foolish” by cutting expenditure on vital infrastructure projects simply to ensure it meets its annual fiscal deficit targets.
Training initiative to fight ‘unscrupulous’ practices
A newly-launched cadet training programme aims to empower Bahamian youth and boost this nation’s food security, it was disclosed yesterday.
Gov’t to speed up electricity service for Potters Cay dock
The Government yesterday said it is seeking to speed up the provision of electricity to Potters Cay dock in a bid to to improve both infrastructure and safety following recent fires at that location and Arawak Cay.
Banks are ‘not making killing’ despite region’s top spreads
Bahamian commercial banks enjoy the highest interest rate spreads in the Caribbean but this does not necessarily mean they are “making a killing” on profits, a senior executive argued yesterday.
IMF: Bahamas’ debt ‘distress high risk’ with no new taxes
The Bahamas faces a “high risk of sovereign [debt] stress” as it continues to reject proposed International Monetary Fund (IMF) reforms such as imposing a personal income tax on the top 10 percent of earners.
‘Business ease fix just not so simple’
Discussions on improving The Bahamas’ ‘ease of doing business’ are “hopelessly simplistic”, Arawak Homes chairman is arguing, with the conduct of commerce set to become “more complex, not less”.
IMF: Gov’t maxed out on Central Bank borrowings
The Government had maxed out its legal ability to borrow from the Central Bank as at October 2024, the IMF has revealed, due to increased reliance on this funding source with private capital deployed elsewhere.
IMF: Property and rental rates outpaced wages growth
Property prices and rental rates outpaced growth in Bahamian wages seven-fold during the decade to 2022 to deepen the housing affordability crisis, the International Monetary Fund (IMF) has revealed.
