‘High-end real estate busiest I’ve seen it’
A Bahamian developer yesterday said “the high end real estate market is the busiest I have ever seen it” as he prepares to break ground on a $40m project within the next two weeks.
Real estate chief’s rogue agent alert
The Bahamas Real Estate Association’s (BREA) president yesterday urged law enforcement to act against rogue foreign realtors engaged in property transactions in the Family Islands.
Union chief pledges ‘no public hardship’
Trade unions will “not create hardship for the Bahamian people” if they are “forced” to take industrial action over their multiple workplace grievances, a prominent leader pledged yesterday.
Customs GB approach branded ‘mind boggling’
Hopes were rising in Freeport last night that Customs is close to resolving the near-two week system malfunction that has tripled the length of time required to clear goods imported to Grand Bahama.
Country needs plan to ‘salvage development’
The Bahamas is facing “a salvage development plan” rather than a National Development Plan, a former Chamber executive said yesterday, as the nation seeks to “pick up the pieces” post-COVID-19.
‘Frustration at a peak’ on $90m project delay
An Elbow Cay developer yesterday revealed “frustration has reached a peak” over obstacles impeding a $90m project that could help “supercharge” Abaco’s post-Dorian economic revival.
LNG supplier funded hotel power move
A Bimini resort developer has revealed that its entrance into private power generation was largely financed by its liquefied natural gas (LNG) fuel supplier, New Fortress Energy.
Baha Mar owner: We’re being pitted against AG
Baha Mar’s current owner is voicing increasing concern that it will be sucked into a legal battle with the Attorney General’s Office after failing to obtain an injunction to block Sarkis Izmirlian’s document demands.
Cays ‘feel neglected’ over Dorian recovery
Residents on Abaco’s multiple cays “feel neglected” by Hurricane Dorian relief efforts, an Elbow Cay developer charged yesterday, amid perceptions that wealthier residents will “pay for everything”.
‘Can’t rest on laurels’ over 47% FDI rise
The Bahamas “cannot rest on its laurels” despite leading all small island developing states (SIDS) in the amount of foreign direct investment attracted in 2020, a governance reformer warned yesterday.
Govt urged to ‘strike health visa ‘balance’
A leading Bahamian aviation operator yesterday urged the government to “strike a balance” between demanding health travel visas from Bahamians while exempting foreigners from this requirement.
BREA chief: Govt must get subdivision correct
The Bahamas Real Estate Association’s (BREA) president yesterday said it was better for the government’s Prospect Ridge housing development be be done properly rather than put deadlines on it.
Independence sales ‘picking up steadily’
Retailers yesterday said sales are “picking up steady” for this weekend’s Independence Day celebrations following a 2020 when COVID restrictions meant celebrations were far more muted.
$50m record inflow ‘excellent problem’
An investment banking chief yesterday said record capital inflows of more than $50m received by his institution during 2021’s first four months have created “an excellent problem” it must now solve.
Kanoo eyes Caribbean expansion in six months
The Bahamian digital payments provider at the centre of the health travel visa controversy says it expects to gain permission to launch in two other Caribbean territories within the next six months.
