Further ‘3-5 years minimum’ for Abaco’s Dorian recovery
Abaco’s Chamber of Commerce president yesterday predicted the island’s post-Dorian reconstruction will take a further “three to five years minimum” after COVID-19’s “horrendous impact” on the recovery.
Seize ‘bull by horns’ to beat corporate tax push
The Bahamas must seize “the bull by the horns” and implement progressive tax reforms to place it ahead of the drive for a global minimum corporate tax rate, a top banker urged yesterday.
Workplace boost by curing Tribunal’s ‘greatest weakness’
The National Tripartite Council’s chairman yesterday argued that curing the Industrial Tribunal’s “greatest weaknesses” will help ease workplace tensions throughout The Bahamas.
Royal Caribbean targets July 2021 for PI club’s start
Royal Caribbean is aiming to start construction on its Paradise Island “beach break” destination by July 2021 so it can receive guests by January 2023 to catch the expected post-COVID tourism revival.
Wynn targets April 2022 opening on $80m sales
The Wynn Group yesterday said it is targeting an April 2022 “soft opening” for its Goodman’s Bay condo hotel after generating $80m in residential unit sales.
Retailers: COVID vaccine not mandatory for workers
Bahamian retailers yesterday said they will not make it mandatory for employees to become vaccinated against COVID-19 as some voiced scepticism over the merits of becoming inoculated.
Govt must ‘increase lot prices’ for project to work
A Bahamian real estate developer yesterday argued that the Government will have to “increase the price of the lots” in its planned 83-acre subdivision to make the project work.
New Providence development ‘comes to life’ with 50% sold
A western New Providence gated community is 50 percent sold out ahead of its first home owner move in by June 2021, its developer said yesterday.
Construction sector backs MP’s reduced duties call
Construction leaders industry executives yesterday backed a former Cabinet minister’s call to eliminate import duties on building supplies for all first-time home buyers as a means to stimulate the sector.
‘Naive to think we’ll stay zero tax nation’
A former deputy prime minister yesterday urged the government to “rush to the finish” on developing tax reform options, warning: “It would be naive to think we can continue as a ‘zero tax’ nation.”
Lyford Cay broker in $22m bribery scheme
A Lyford Cay-based commodities trader has become embroiled in a $22m bribery scheme after one of its former senior executives pled guilty to corrupting government officials in Ecuador.
Briland: Cruise tourism ‘disaster waiting to happen’
More than 99.4 percent of existing and potential Harbour Island visitors have made it “crystal clear cruise tourism is a disaster waiting to happen” for the destination, a hotelier warned yesterday.
Real estate ‘on fire’ with $400m in deals
Realtors yesterday said the market’s international segment is “just on fire right now” with some estimating that $400m worth of property was sold or went under contract during the 2021 first quarter.
Agency seeking ‘outstanding’ PI Royal Caribbean lease approval
A Bahamian entrepreneur yesterday “challenged Royal Caribbean to produce” its western Paradise Island crown land lease after a government agency voiced concern approvals are “still outstanding”.
PM: Housing initiative not ‘one-off’ exercise
The prime minister yesterday pledged that the government’s efforts to make home ownership more affordable for Bahamians will not be a “one-off endeavour” that lacks a coherent strategy.
