BOB hopes for imminent commercial loan restart
BANK of The Bahamas is hoping to receive regulatory approval to restart commercial lending activities next month, its managing director said yesterday.
Crawfish prices fall 42% but catch high
BAHAMIAN fishermen are confirming that crawfish prices have slumped 42 percent from last year’s high although catch volumes remain high.
Maintain value of $34m airport upgrade contract
AN EXUMA businessman yesterday said The Bahamas must do better at maintaining its infrastructure after a $34m contract was signed to upgrade the island’s international airport Ramon Darville, Darville Lumber’s general manager, told Tribune Business “it does not make any sense” to spend such money on Exuma International Airport if the facility does not receive annual maintenance once the work is completed.
‘Albany owns it now, OK?’
A controversial Austrian is moving to draw Albany’s principal investor into a multi-million dollar legal battle over his rival bid to acquire the neighbouring South Ocean resort property.
Fiscal Strategy provokes ‘credibility’ and ‘love’ mix
The Government’s latest fiscal forecasts yesterday provoked contrasting reaction, with a governance reformer saying he “truly loves” the growth focus but the Opposition’s finance spokesman pointing to “credibility problems”.
Up to 15% of property tax bills missing target
The Ministry of Finance’s top official says business tenants must accurately identify their landlord to prevent 10-15 percent of real property tax bills from being returned annually to the Government without payment.
Bahamasair suspends flights to Haiti’s capital
Bahamasair’s weekly jet service to Cape Haitien has been “leaving full every time” even though service to the country’s capital has been suspended from January 28, its managing director revealed yesterday.
FTX’s Bahamian liquidators move for US legal standing
FTX’s Bahamian liquidators will next Wednesday seek US legal recognition that will enable them to conduct investigations and pursue the local subsidiary’s assets held in the United States.
DEREK SMITH: Balancing the risks of working at home
There is no doubt that remote working will continue to grow. With remote work becoming a significant business practice, it has quickly risen to the top of many executives’ agendas and become a vital component of talent attraction, employee retention and staff satisfaction. According to Deloitte & Touche’s Global Remote Work Survey, “over 80 percent of organisations have implemented some form of remote work policy”.
Lender expands to private sector credit
A PAYDAY lender yesterday said it has developed the staff and infrastructure necessary to expand into providing private sector employees with credit.
GBPA licensees ‘reluctant’ to see Gov’t take over Port
GRAND Bahama Port Authority (GBPA) licensees are “reluctant” to see the Government take over responsibility for Freeport’s governance, the island’s Chamber of Commerce president says.
Reasons to be (moderately) optimistic in 2023
ActivTrades
The global economy has been on a roller coaster ride since the start of 2020. First, we had COVID and the lockdowns, with economic activity almost coming to a standstill. Then came the euphoria of the reopening, which followed the success of the global vaccination programme. However, it was not long before inflation appeared on the radar of policymakers.
$250m resort developer: We want to be with ‘best of best’
The developer behind Grand Bahama’s $250m Six Senses project yesterday said he wants it to be viewed “at the top level of resort development in the world” with a construction start targeted for early 2024.
Stop ‘squeezing blood from stone’ on taxation
The Bahamas must reform a tax system that “squeezes blood from a stone”, a well-known banker argued yesterday, renewing his plea for greater “equity” via income-based taxation.
Opposition ‘stunned’ at tripling of property tax
The Opposition yesterday said it was “stunned” by the Government’s forecast that property tax revenues will more than triple to $555m within four years, its leader saying: “I don’t see what the Prime Minister does.”
