AG hails ‘greatest ever Out Islands investment’
The Attorney General yesterday asserted that the Davis administration is making “the greatest investment in the Family Islands of the country that we have seen since independence”.
Real estate transition boost on VAT savings
Parties to real estate deals that are in process could enjoy tax savings worth five-figure sums if they close - and bring their documents forward for stamping - on or after July 1, it was revealed yesterday.
'TREASURE SHARE MUST FAVOUR US': Govt seeks to secure ‘majority’ of riches found by explorers
A multi-million underwater explorer yesterday said it will cease treasure salvaging in Bahamian waters immediately if the Government's plans to take a "majority" share of the financial rewards prove unworkable.
THE ART OF GRAPHIX: The right combination in recruitment battles
The battle between qualifications and experience has played out in the business arena for some time. I have met many persons who, with an immense amount of academic knowledge and qualifications, still struggle to secure employment. I am not sure if there is a clear answer to this age-old question, but there are good arguments on both sides.
‘Don’t derail tourism revival with higher electricity costs’
The Bahamian tourism industry yesterday warned it “can ill-afford to be derailed” from its post-COVID recovery by a hike in electricity prices which remain “pivotal” to the sector’s global competitiveness.
Crowdfunder aiming to be ‘next Bamboo Shack’
A Bahamian restaurant entrepreneur yesterday unveiled ambitions to become “the next Bamboo Shack” after raising almost one-third of his minimum $320,000 capital target within the first ten days.
Coca-Cola supplier just 6-8% behind pre-COVID
Caribbean Bottling’s president yesterday revealed it is just 6-8 percent behind pre-COVID business levels despite the cost of key raw materials surging by as much as 20-40 percent.
Gov’t won’t back MSC cruise port takeover
The deputy prime minister yesterday said the Government will not back the acquisition of a controlling ownership interest in the Nassau Cruise Port by a single or group of cruise lines.
Super Value to ‘duck’ energy hike via solar
Super Value’s president yesterday said it plans to “duck” any long-term impact from higher Bahamas Power & Light (BPL) prices through the installation of solar power across its business beginning on August 2.
Financial industry in more attrition
The Bahamian banking sector saw total on-balance sheet assets shrink by $23bn or 13.3 percent in 2021 as the industry faced regulatory and other “headwinds” that continued to chip away at its size.
Electricity cost rise ‘pretty dangerous’ for economy
Bahamian businesses yesterday warned any increase in electricity costs will be “pretty dangerous” for an economy still recovering from COVID-19’s devastation, although some said spiking global oil prices make such a hike “inevitable”.
Restaurant entrepreneur: Growth ‘blows our mind’
A New Providence restaurant entrepreneur yesterday said the company’s growth from a home-based business to an actual physical location despite the COVID-19 pandemic “blows our mind”.
Bahamasair: Extra $200k weekly fuel bill ‘won’t suffocate’ demand
Bahamasair’s top executive yesterday voiced optimism that a fuel bill which has skyrocketed by up to $200,000 per week “won’t suffocate” travel demand despite the airline readying “another small” fare increase.
COVID testing end ‘game changer’ for key markets
High-spending tourism markets have hailed the elimination of COVID entry testing and the Health Travel Visa as a potential “game changer” for The Bahamas given the reduced “hassle” involved in accessing the country.
Bahamas ‘telling the story’ to its investors
The Government is focused on “telling the story about The Bahamas” and its post-COVID recovery to ensure international investors and markets retain confidence in the country’s debt, a Cabinet minister said yesterday.
