Opposition fearing revenue loss on corporate tax delay
THE Opposition’s leader yesterday voiced concern The Bahamas may miss out on significant tax revenues, and lose business, from delays in implementing the 15 percent minimum global corporate tax.
Buyers for FTX’s $256m real estate target 30% discounts
Deal-hunters seeking discounts of up to 30 percent are circling FTX’s $256m Bahamian real estate holdings as local liquidators move to secure realtors who will market 34 properties for sale.
Bahamas set to reach tourism's final frontier
The Bahamas has signed a first-stage agreement with SpaceX, the rocket and spacecraft maker founded by billionaire Elon Musk, which will position it as a destination from which to watch booster landings.
Western condo development targets 150 construction jobs
A west New Providence condo project is aiming to create up to 150 construction jobs through its developer's first up to $20m foray into the real estate development market.
Inflation in largest monthly decline for past three years
The Bahamas' inflation rate suffered its largest month-over-month decline for three years in December 2023 amid continued signs that price and cost of living pressures are slowly easing.
Market Slope move to unlock vendor sales
The Government senator leading downtown Nassau's overhaul has promised to create new vendor opportunities through the pedestrianisation of Market Slope.
Forget the past
ActivTrades
The international stock markets have experienced an up-and-down week. In the US, the rise in producer prices was spoiling investors’ buying mood at the end of last week and the Dow Jones Industrial Average (DJIA) was falling. The German benchmark index, DAX, reached a new record high on Friday and left trading with slight gains.
Fidelity eyes $18m profit after ‘opening the hood’
A BISX-listed bank yesterday revealed it is targeting $18m in full-year profits for 2024 after “opening the hood” to assess why last year’s projections were missed.
Multi-million project aiming to revive ‘forgotten’ east Nassau
THE developers behind a “multi-million” dollar mixed-use project to the Solomon Springs Plaza’s rear yesterday voiced optimism it will help revive a “forgotten” eastern New Providence if approved.
70-room beach club next in Sebas’s $510m expansion
A 73-room beach club located at Love Beach likely marks the next stage in the $510m real estate expansion being pursued by Sebas Bastian’s Brickell Management Group (BMG).
‘Someone has to answer’ why BPL debt still $184m
THE Opposition’s leader yesterday demanded that “someone has to answer” why Bahamas Power & Light’s (BPL) $184m debt has not been cut more drastically after last year’s up to 163 percent fuel charge hikes.
Apprenticeship initiative to transform labour climate
A CABINET minister yesterday said the National Apprenticeship Programme will transform the way Bahamians participate in the workforce by providing paid training and development in high demand sectors.
FTX Bahamas creditors to have first meet March 15
FTX’s Bahamian subsidiary will hold its first creditors meeting on March 15 at Baha Mar’s convention centre as its liquidators ramp-up efforts to return assets to their rightful owners.
IAN FERGUSON: How to build capacity for a thriving business
Sustainability in this day and age refers to a company’s ability to consistently build capacity in its employees, processes and operations.
‘Kicked out of the ball park’: Duty end’s 40% hit for window maker
THE Government was yesterday urged to review tariff protection for “true Bahamian manufacturers” after one revealed their removal cost 40 percent of its business, saying: “They’ve kicked us out of the ball park.”
