'White hot' Cable Beach development 85% sold
A high-rise Cable Beach development was yesterday branded "white hot" with 85 percent of its first-phase units already sold even though its construction will only be completed in 2024.
Tax increases make Bahamas hard sell
A former Association of The Bahamas (ABM) president yesterday argued that this nation will be a hard sell at the upcoming Monaco Yacht Show due to increased taxes and fees levied on the industry.
DPM: 'Strong case made' to build GB air cargo hub
The deputy prime minister yesterday said he and his team have made "a strong case" for Qatar Airways to establish an air cargo hub on Grand Bahama during their three-day visit to the Gulf state.
Junkanoo Beach chief backs management company idea
The Junkanoo Beach Association's (JBA) president yesterday argued that his group would be the best management authority to administer the destination should the Government choose to outsource this responsibility.
Founder interest ‘four times’ higher than Jack’s Bay goal
Sir Franklyn Wilson yesterday said the 1,200-acre Jack’s Bay project has attracted interest from “four times” the number of founding buyers it is targeting while receiving “a very strong endorsement” from Scotiabank.
Opposition alarm on S&P’s three times’ higher deficit
The Opposition’s finance spokesman yesterday voiced alarm over Standard & Poor’s (S&P) prediction that the fiscal deficit for the 2023-2024 Budget year will come in more than three times’ higher than the Government’s forecast at $466m.
RBC’s $22m payment suspicion ‘reasonable’
The Court of Appeal yesterday ruled it was “reasonable” for Royal Bank of Canada (RBC) to find that $21.957m paid to a Bahamian businessman by a Slovakian he has never met for investment in his sand mining venture was “suspicious”.
Tax authorities push Out Island compliance drive
The Government’s major tax authority is undertaking a Family Island compliance tour to better educate residents and businesses on the need to pay their due tax obligations and how to do so, it was confirmed yesterday.
Wendy’s tells Town Planning: No more PI project mistakes
Wendy’s is urging the planning authorities to take “great care” to ensure approval for a Paradise Island restaurant, which could create between 75-100 total jobs, is not again derailed by procedural irregularities.
Minister sounds alert over 'fake' loan flyer
A Cabinet minister yesterday said he had asked the authorities to probe a "fake flyer" that was using his image without permission in a bid to entice Bahamians to seek loans.
Over $8m grant funding for water utility storm coverage
Caribbean water utilities such as the Water & Sewerage Corporation can now access insurance coverage to protect their infrastructure assets against hurricanes and severe flooding, it was announced yesterday.
No third mobile operator during Davis Gov'ts term
The Bahamas will not have a third mobile phone provider before the Davis administration's term in office ends although it has placed regulators on alert to crackdown on any anti-competitive practices.
ArawakX attorney hit at 'degradation ceremony'
ArawakX’s attorney blasted that he was “not going to sit here in a degradation ceremony” after regulators voiced concern that the crowd-funding platform was using “delaying tactics” in response to its solvency concerns.
BISX aims to 'revive' small listings facility
The Bahamas International Securities Exchange (BISX) is aiming "to revive in a very serious way" plans to create a market where small and medium-sized companies can list and raise capital, its top executive has revealed.
'Vexatious' litigant loses new 2,000-acre Ginn bid
A “vexatious” litigant has lost his latest bid to be declared owner of some 2,000 acres at the former Ginn project despite calls dating back to 2018 that he be barred from launching such actions.
