Managing our personal finances
ActivTrades
Financial literacy and emotional control matter at least as much as income in determining how wealthy someone is likely to become. Managing money can be a challenge for many people, regardless of their income level. The reasons for this are complex, but one key factor is the role of emotions in financial decision-making.
Minister: Out Island property tax for locals ‘will not happen’
A Cabinet minister yesterday “removed the fear” of many Family Islanders that real property tax was about to be levied on Bahamian-owned properties by pledging “authoritatively it will not happen”.
Sir Franklyn: Gas retailers have ‘made case for relief’
FOCOL’s chairman yesterday agreed that Bahamian petroleum retailers have “made their case for immediate relief” despite a Cabinet minister dismissing any prospect of an increase in gasoline and diesel margins.
Bahamas to be Caribbean ‘sustainable airport leader’
The Bahamas “is uniquely positioned to become a regional leader” in sustainable airport development through putting 14 such facilities out to public-private partnership (PPP) bids, a senior tourism official asserted yesterday.
Stopovers beat pre-COVID for first time in January ‘23
Monthly air arrivals exceeded pre-COVID figures for the first time in January 2023, a senior tourism official said yesterday, while revealing that stranded or in-transit passengers have been unable to find hotel rooms in Nassau.
Atlantis: ‘Put the brakes on’ Royal Caribbean’s PI deal
Atlantis’ top executive last night warned that approval of Royal Caribbean’s $110m Paradise Island project is “premature” and urged Bahamians to call on the Government to “put the brakes on”.
‘Not so fast’ on Royal Caribbean’s PI plans
EARLIER this week, the Government of The Bahamas announced that Royal Caribbean International’s (RCI) proposed beach club project on Paradise Island will be permitted to move forward pending approval of an Environmental Impact Assessment (EIA) and Environmental Management Plan (EMP). I believe the green light is premature, with so many unanswered questions regarding the project’s environmental and economic impact still to be addressed.
Contractor ‘fleeced’ Baker’s Bay homeowners of $10m
Accusations that a foreign contractor may have “fleeced” homeowners in Abaco’s high-end Baker’s Bay community of up to $10m are likely “only the tip of the iceberg” due to the absence of construction industry regulation.
Royal Caribbean pays for seven Crown Land acres
Royal Caribbean has already paid the full annual rent for seven Crown Land acres on Paradise Island for two consecutive years, it can be revealed, rather than just the four announced in its revised deal with the Government.
Bahamas hits back over OECD ‘non-compliance’
The Bahamas hit back over its sole tax information exchange “non-compliant” rating by the Organisation for Economic Co-Operation and Development (OECD) through arguing the number of countries with complaints was “low”.
Nassau/PI resorts enjoy 112% room revenue rise
Leading Nassau/Paradise Island resorts have revealed that 2022’s room revenue more than doubled year-over-year as the industry benefited from the post-COVID travel rebound.
CG ATLANTIC Summer Internship Programme now taking applications
College students and recent graduates considering career possibilities within the insurance industry can now apply for summer internships with CG Atlantic. The in-person programme introduces successful applicants to various aspects of the insurance business and runs from June 26th to August 18th.
Mixed reaction to Royal Caribbean’s PI project
Bay Street merchants yesterday gave a mixed reaction to the Government’s approval of Royal Caribbean’s Paradise Island beach club with some fearing it will suck tourists away from downtown and others arguing it will improve the product.
‘Big mistake’ over Junkanoo Beach
The Downtown Nassau Partnership’s (DNP) co-chair yesterday said a “big mistake” has been made over the way Junkanoo Beach has been allowed to develop.
Family Islands brace for ‘inevitable’ property tax
The Family Islands are bracing for the “inevitability” of real property tax being levied on Bahamian owners, it was revealed yesterday, amid “frustration” that preparations for such a move are holding up real estate sales.
