Home tax concessions ‘not so earth-shattering’
The Bahamian Contractors Association’s (BCA) president says recently-unveiled first-time home buyer and real property tax concessions are “not as earth-shattering as they seem” and will likely represent “modest good news for a small number of people” in the middle class.
GBPA chiefs avoid jail on water supply order breach
A Supreme Court judge has elected to impose a $6,000 fine, rather than send the directors of Freeport’s water supplier - including several Grand Bahama Port Authority (GBPA) principals - to jail after finding it breached an Order preventing it from disconnecting a condo complex’s services.
Opposition renews demand for tourism levy disclosure
The Opposition’s deputy leader yesterday demanded that the Government provide a full accounting of how the funds collected through the $2 per person tourism enhancement levy have been used.
Vacation rental explosion worsens housing shortage
An over-saturation of Airbnbs and vacation rental properties is continuing to impact both Exuma’s housing market - especially long-term rentals - and its hotels.
NIB income jumps 14% amid $600m COVID cut to reserves
Higher contribution rates will “not secure the National Insurance Fund’s future” by themselves, its director warned yesterday, with its reserves cut by more than $600m over the last six years despite 2025’s 14 percent year-over-year income increase.
Super Value: ‘No guarantee’ all items VAT re-priced by April 1
Super Value’s president yesterday she cannot “make any promises” that all product prices will reflect VAT’s elimination on unprepared foods at the April 1 deadline given the mammoth task involved in adjusting thousands of goods that account for 80 percent of its sales.
Bahamian group in $400m bid for GBPA
A Bahamian investor group featuring an ex-Olympic swimmer, former FNM senator and grand-daughter of Super Value’s owner are aiming to raise more than $400m in initial capital to finance the acquisition of the Grand Bahama Port Authority (GBPA) and its key economic assets.
‘Pure frustration’ over rogue driver crackdown
Bahamian insurers were yesterday said to be suffering “pure frustration” over the delayed launch of an online portal that would enable the Royal Bahamas Police Force and road traffic authorities to detect the estimated 30-40 percent of vehicles thought to be uninsured in “real time”.
Bahamas exports face up to $49m Trump tariffs impact
Donald Trump’s proposed 10 percent tariffs could have a near-$50m impact on key Bahamian crawfish and salt exports to the US if they are fully enforced, the Inter-American Development Bank (IDB) has warned.
Gov’t reveals 2,000-job Mayaguana port project
The Government last night unveiled a renewed bid to spark economic activity in Mayaguana and the south-eastern Bahamas via a public-private partnership (PPP) billed as ultimately creating “2,000 full-time jobs” by developing a maritime port and logistics facility on that island.
Pan-Caribbean tour franchisee takes on Garden of the Groves
A key Grand Bahama tourism destination is being taken over by the Bahamian franchisee of a pan-Caribbean tour operator through a management agreement that includes an option to later acquire the asset, Tribune Business can reveal.
Insurance pricing ‘stalemate’ over $50m fire payout
Bahamian insurers hit a “stalemate” with their global reinsurance partners due to an “unprecedented” year of fire-related losses and payouts in 2025, it was revealed yesterday, with property coverage costs set to remain “flat” for business and homeowners this year.
Realtor aiming to beat 40% sales value jump
Bahamian realtors and developers were yesterday said to have enjoyed up to 35-40 percent year-over-year increases in the dollar value of completed sales in 2025, with one asserting that his firm expects to “match or exceed” this performance this year.
Abaco resort buyers to ‘bring Bluff House back’
A well-known Abaco resort will enjoy increased accommodations, services and staff following the closing of its purchase by VIP Marinas late last year.
Retailers shrug off Trump tariffs with 15% sales rise
Bahamian retailers yesterday reported a 15 percent increase in sales over the Christmas season despite higher inventory costs resulting from US tariffs raising concerns for small businesses.
