Bahamas ‘red hot’ with $39.5m listing
A real estate executive yesterday said The Bahamas’ high-end market will remain “red hot” for some time as he lists a $39.5m family residence in Old Fort Bay that is generating a “record” amount of interest.
Independence sales show rapid increase
Independence Day sales are picking up rapidly at merchants ahead of this year’s 50th anniversary celebrations.
Realtors voice fears on tax 'inconsistency'
Realtors yesterday voiced concern over "the optics" and "inconsistency" of tax policy as the Government moves to adjust the VAT paid on real estate sales to ensure foreign buyers pay a 10 percent rate across-the-board.
Protest pressure builds on North Andros banking woe
The MP for North Andros and the Berry Islands yesterday issued a "plea" for intervention to resolve his constituency's banking crisis with pensioners now forced to fly to Nassau to access funds and conduct financial services business.
Minister confirms civil service pension reform
A Cabinet minister yesterday confirmed that draft legislation for a new civil service pension plan will son be presented to the public sector unions to obtain their views and feedback.
Total shutdown: Just 1% of firms able to survive Dorian-type blow
Bahamian businesses have warned that commerce on islands hit by future Dorian-type natural disasters will almost completely shutdown with this nation forecast to be the worst-impacted of major Caribbean territories.
Atlantis will 'certainly' submit more Royal Caribbean queries
A senior Atlantis executive yesterday said Royal Caribbean has "addressed some of our concerns" about the impact its project will have on Paradise Island's coastline but the mega resort will "certainly" be submitting more questions.
Exuma businesses struggle with 'crazy' flooding's impact
Exuma businesses yesterday said they are struggling with the loss of commerce and impact from "crazy" flooding that has cut-off the northern part of the island although airlift has not been affected.
Ministry uses AI for pot hole detection
The Ministry of Works yesterday said it is employing artificial intelligence (AI) to predict where pot holes will form on The Bahamas' road networks as the country moves into rainy season.
Ex-Sky chief blasts 'travesty of justice'
Sky Bahamas principal yesterday slammed as "a travesty of justice" a Supreme Court ruling that ordered the now-defunct airline to pay $220,000 plus interest to the owner of its hangar at Lynden Pindling International Airport (LPIA).
GBPA reforms critical as 'we're at the bottom'
A prominent Freeport attorney is today backing a Government takeover of the Grand Bahama Port Authority (GBPA), telling Tribune Business: "We're at the bottom and haven't moved for 20 years."
Royal Caribbean wants rapid Crown Land lease adjustment
Royal Caribbean says it wants to amend its existing Crown Land lease for Paradise Island as soon as possible to both reflect its reduced footprint and eliminate any possibility of conflict with a Bahamian investor.
'Far from over' on Royal Caribbean PI project
A former Bahamas National Trust (BNT) executive says environmental advocates were able to make "progress" in raising their concerns at last week's hearing on Royal Caribbean's Paradise Island project, adding: "This is far from over."
Famous magician pays $2.2m owed property tax
A world-renowned magician/illusionist paid $2.235m in outstanding real property taxes to the Government within 24 hours of the Chief Justice branding him "evasive" in a verdict that found the monies were owing.
FTX Bahamas liquidators not 'nuked' from reversal
The Bahamas' status as a non-nuclear power did not influence the decision to refuse FTX's local liquidators relief from the worldwide asset freeze imposed by Chapter 11 bankruptcy proceedings, a Delaware judge has asserted.
