Natural resources group challenges $2.5m royalty for aragonite mining
A Bahamian natural resources lobby group believes the Government can reap more than $2.5m a year from aragonite royalties, and urged it to publicly disclose all economic impact studies.Dana Munnings, an attorney and president of The Bahamas Natural R
Bahamas contests top family, regional award
The Bahamas has been chosen as a finalist for the Best Caribbean and Family Destination categories in AFAR magazine’s travel awards.This nation is going up against the British Virgin Islands; Saint Lucia; Bermuda; Antigua and Barbuda; Cancun/Riviera
80 Bahamians buy into crypto start-up
BAHAMIANS are “eager” to explore cryptocurrency opportunities, a local businessman says, suggesting this was highlighted by 80 locals purchasing tokens from a cryptocurrency start-up’s Australian offering last week.Wayne Johnson, who with Parrish Sim
Grand Lucayan deal is ‘economic suicide’
The Government’s $65m Grand Lucayan purchase was yesterday branded “economic suicide” by a Freeport-based QC, who warned: “The Bahamian people will pay dearly for decades.”
Ex-BREA chief eyes $45-$50m govt lot boost
An ex-Bahamas Real Estate Association (BREA) president is anticipating a $45-$50m economic boost when the Government releases 300 more plots into its low-cost serviced lots initiative.Pat Strachan, pictured, told Tribune Business he had been informed
'Cart before horse' on Grand Lucayan
THE DNA’s ex-leader yesterday said government was “putting the cart before the horse” by acquiring the Grand Lucayan, as potential buyers will be deterred by Freeport’s economic plight.Branville McCartney told Tribune Business that the Minnis adminis
BICA chief: Cut external debt to 25%
The Bahamas must cut its external borrowings to 25 percent of total debt, a top accountant urged yesterday, warning that this nation is “not out of the woods” with the credit rating agencies.Gowon Bowe, the Bahamas Institute of Chartered Accountants
Bahamas-bound banker’s guilty plea to $1.2bn scam
A Bahamas-bound private banker has pled guilty to his role in a $1.2bn money laundering scheme that sparked an investigation by local financial services regulators.
Realtor upgrades to 4k video showings
Damianos Sotheby’s International Realty yesterday announced its website has been upgraded to support 4K video on its property detail pages.The Bahamian real estate firm said the feature will now be rolled out through its entire website, SIRbahamas.co
Bran: 'Nothing new except tax increases'
THE Democratic National Alliance’s (DNA) former leader yesterday said Moody’s recent Bahamas assessment was “no real surprise”, arguing: “There’s nothing new except taxes.”Branville McCartney told Tribune Business that “I expected nothing different”
IAN FERGUSON: Don't be a doormat for weak managers
Persons are promoted for their loyalty, connections or technical strength, rather than an ability to lead a team and process, far too often in this corporate environment. This usually results in unnecessary workplace friction and, sometimes, office m
Sun Oil: 'Swift action' over Exuma spillage
Sun Oil yesterday said it had taken “swift action” to contain and remediate the diesel fuel spillage that contaminated the marina at Exuma’s Emerald Bay Resort.The company, a subsidiary of BISX-listed FOCOL Holdings, said it would co-operate fully to
Web shops: Unlicenced rivals exploit patron tax
Legal web shops yesterday expressed fears that unlicenced rivals are expanding to exploit the imminent five percent patron tax without any interference from impotent law enforcers.
Nation's 'vulnerability increases' via $750m foreign borrowings
The Bahamas’ “vulnerability” to global market changes has increased as a result of foreign currency borrowings accounting for more than one-third of government debt, Moody’s is warning.The international credit rating agency, in its annual in-depth an
Govt warned: Don't try running Grand Lucayan
The Government “must under no circumstances” get involved in operating the Grand Lucayan, a top hotelier warned yesterday, adding: “It’s not an attractive asset to buy.”Magnus Alnebeck, Pelican Bay’s managing director, told Tribune Business that whil
