Pointe developer targets $100m economic boost
THE Pointe’s developer yesterday forecast the project will inject $100 million into the Bahamian economy when finished, with over 300 Bahamians employed since construction began.Daniel Liu, vice-president of developer China Construction America (CCA)
Farmers: 'We're not waiting for $60m to drop into lap'
FARMERS yesterday defended their request for $60 million in government assistance, saying: “We’re not lazy people waiting for money to drop into our lap”.Caron Shepherd, president of the Farmers United Association (FUA), the body that sought the now-
Minister: No decision yet on Bay Street height restrictions
A CABINET minister says no decision has been made on calls to revise downtown Nassau’s height/zoning restrictions, amid fears they are deterring investment to spark the city’s revival.Dionisio D’Aguilar, minister of tourism, told Tribune Business in
'Banner year' forecast for real estate market
A local realtor is predicting “a banner year” for the Bahamian property market in 2018, due to growing millennial demand and improved investor confidence stemming from recent US tax cuts.Ryan Knowles, the HG Christie realtor who handled $28 million w
Eight-fold property tax hikes to 'kill' Exuma
Realtors yesterday warned that property tax valuations up to eight times’ greater than market value are threatening to “kill” Exuma’s growing second home economy.They revealed that “at least 50 per cent” of foreign homeowners on the island were unhap
NAD's rating upgrade a 'glimmer of change'
A Cabinet minister yesterday hailed the Nassau Airport Development Company’s (NAD) return to investment grade status as “a glimmer of change” in the Bahamas’ financial fortunes.Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Busine
Minister: Bahamasair's Florida promo 'may be a bit misguided'
A CABINET Minister yesterday admitted that Bahamasair’s ‘shop in Florida’ discounts may have been “a little misguided” by ignoring the impact on Bahamian retail merchants.Dionisio D’Aguilar, minister of tourism and who has responsibility for the nati
Minister pledges 'no retreat' over breadbasket reforms
THE Minister of Health has pledged to stand firm on the proposed ‘breadbasket’ food reforms, ruling out a similar retreat to that made a year ago over “sugary sweet drinks”.Dr Duane Sands, minister of health, told Tribune Business that the Government
Southern island airlift partner now 'pending'
THE Bahamas Out Island Promotion Board (BOIPB) is eyeing an airline partner to address the “terrible” connectivity undermining tourism in the southern Bahamas, its director revealed yesterday.Kerry Fountain revealed to Tribune Business: “We do have a
Airline chief: Bahamasair taking spend from nation
BAHAMASAIR should not be used as a tool to undermine Bahamian businesses, a local airline executive warned yesterday, arguing that it should be playing a greater role in national development.Sky Bahamas chief executive, Captain Randy Butler, echoed c
Choose the best coverage for life
By Ramon SimmsLIFE insurance used to be big business, sold door-to-door with thousands of representatives covering a vast geographical territory. Even though such sales are not as visible as they once were, the product still exists and thrives in the
'Deathly afraid' for local ownership under WTO
Arawak Homes’ chairman is “deathly afraid” that WTO membership will undermine Bahamian economic ownership because many locally-owned firms cannot compete internationally.Sir Franklyn Wilson told Tribune Business that “a high percentage” of Bahamian b
Unhealthy eating to 'destroy' economy if left unchecked
DISEASES linked to unhealthy eating will “destroy” the Bahamian economy if left unchecked, a Cabinet Minister has warned, admitting that planned ‘breadbasket’ food reforms may be viewed as “blasphemy”.Dr Duane Sands, minister of health, told Tribune
Unions warned: Put house in order or face 'strike off'
TRADE unions were yesterday warned to put their finances in order or face being ‘struck off’ if they fail to file their annual returns by June 1.The Department of Labour, in a statement, served notice of its intention to enforce the Industrial Relati
Bahamasair discounts undermine local retail
BAHAMASAIR has been accused of undermining local retailers through its ‘shop in Florida’ specials, with Customs facing an “almost impossible” task to prevent tax evasion and smuggling.The Bahamas Federation of Retailers (BFR), in again calling for th
