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US gives Cable growth ‘4 times’ that in Bahamas

Cable Bahamas yesterday said its US expansion had generated growth that would take three-four years to achieve in this market, having enjoyed an “immediate” 26 per cent top-line boost.

Realtors targeting $40m sales to wake ‘sleeping giant’

Bahamian realtors yesterday said they were targeting “$40-odd million” in total sales as they bid to awaken the ‘sleeping giant’ that is the Lyford Hills project, which is being developed by ex-Cabinet minister Tennyson Wells.

All Govt’s ‘committed sins’ managing nation

A Cabinet Minister yesterday admitted that successive governments had “committed some sins” in failing to properly manage the Bahamas, as he warned: “The world is leaving us behind.”

Moody’s to make Govt ‘come clean’

Moody’s downgrade threat will force the Government “to come clean”, the DNA’s leader said yesterday, and be more accountable and transparent than it has been with the Bahamian people on the nation’s fiscal crisis.

Insurers: ‘Light at end of tunnel’ over taxation

Bahamian insurers yesterday voiced relief that there is “light at the end of the tunnel” after the Government said it would drop plans to move the industry to a Business Licence fee taxation regime.

Insurers: Don’t sleep on EU blacklisting ‘breathing room’

The Bahamas must not fall asleep after it gained “two years’ breathing room” to escape the European Union’s (EU) tax blacklist and preserve up to 40 percent of its hurricane reinsurance capacity, insurers are warning.

‘Unprecedented’: Hotel staff enjoyed slow season boost ‘unpred

Many hotel staff worked “unprecedented” five-day weeks during the tourism season’s slowest months, a union leader revealed yesterday, as he bids to complete multiple new industrial agreements in early 2023.

74% 'PERSONAL' CREDIT IMPEDES DEVELOPMENT

By NEIL HARTNELL Tribune Business Editor The Bahamas' development is being "seriously impacted" because its citizens are unable to invest in key productive areas, such as energy and transportation, due to almost 74 per cent of credit going on 'personal'

Cable blasts 'unfair advantage' for BTC

Cable blasts 'unfair advantage' for BTC By NEIL HARTNELL Tribune Business Editor Cable Bahamas has blasted the proposed licensing plan for a key wireless spectrum band for giving an "unfair advantage" to the Bahamas Telecommunications Company (BTC), urg

Port licensees' 'left at mercy' of Customs

By NEIL HARTNELL Tribune Business Editor The Supreme Court has left Grand Bahama Port Authority (GBPA) licensees and their $80-$120 million 'bonded economy' "without any recourse" against alleged Customs abuses, a leading QC telling Tribune Business he w

Bahamians urged: Show ‘more ‘outrage’ over financial crimes

BAHAMIANS were yesterday urged to show “more outrage” over financial crime and poor business practices, a prominent cleric arguing that these had become “entrenched in our culture”.