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'Sales cancelled' fear if no VAT grace given
The Bahamas Real Estate Association’s (BREA) president yesterday warned “lots of sales will be cancelled” as the sector makes a last-ditch bid for a smooth VAT transition.Christine Wallace-Whitfield called on the government to either provide a 60-90
Benchmark in 2013 'income' warning
Benchmark (Bahamas) yesterday warned investors to expect a “reduction in income”in 2013, due to the pending liquidation of one of its key clients.
Young golfers in the lead
THREE of the top young players are sitting on top of the standings after the first two days of competition at two different venues in the Bahamas Golf Federation’s National Amateur Championships.
Minnis backs govt's electricity bill assistance
FNM Leader Dr Hubert Minnis said yesterday he supports the government’s proposal to assist thousands of poor Bahamians who were unable to pay their electricity bills and were “taken off the grid.”
Helping women in need dress for success
IN PARTNERSHIP with the Salvation Army, which is celebrating 90 years of service in the Bahamas, local clothing brand CAY 92 is currently conducting a drive to encourage people to donate gently used professional clothing for women in need.
Ninety years serving Christ and Community
UNDER THE theme “Defining The Purpose Of The Church” the Transfiguration Baptist Church celebrated its 90th anniversary this past Sunday.In recognition of its work and witness in the Bain and Grants Town community, church members celebrated in grand
Nygard tries to dodge jail term
LAWYERS for Canadian tycoon Peter Nygard filed an urgent application on Monday to appeal Justice Ruth Bowe-Darville’s decision last Friday to jail the fashion designer for 90 days and fine him.
Unions should have some perspective over Minnis bailout
The Free National Movement (FNM) administration of Prime Minister Dr Hubert Minnis has taken plenty criticism for going out on a limb and purchasing the Grand Lucayan Resort for an estimated $65 million from Cheung Long (Ck) Property Holdings, a subsidiary of Hutchison Whampoa.
Atlantis condo tower does $20m in six months
Paradise Island’s 497-unit condo complex, the Reef, is providing evidence of a real estate market revival through $20 million worth of sales within six months.
Under 3% support Gov'ts VAT plan
Less than 3 per cent of Bahamians would be prepared to pay Value-Added Tax (VAT) at its initially proposed 15 per cent rate it if was introduced on July 1, a survey of New Providence residents has found.
Tourism surge to ‘overpower’ risks to Bahamas during ‘23
Pent-up tourism demand for The Bahamas will continue to “overpower” global inflation and the threat of a US recession “through to the end of 2023 at a minimum”, the Central Bank’s governor asserted yesterday.
Vehicle imports down up to 90%
Vehicle import volumes at the Nassau Container Port have dropped by up to 90 percent, its top executive revealed yesterday, as half-year profits dropped by almost 36 percent compared to pre-COVID.
Foreign workers dominate at The Pointe
THE Department of Labour is not happy with the disproportionate number of foreign workers to Bahamians at The Pointe’s construction site, Director of Labour John Pinder said. There are 264 foreign labourers to 90 Bahamian workers at site, Mr Pinder t
Banks: 'No dent' in bad loans for 12-18 months
BAHAMIAN commercial banks expect that high liquidity and non-performing loan levels, the latter of which now exceeds 19 per cent, will be "maintained for another 12-18 months" at least unless something sparks a dramatic reduction in unemployment.
On Da Hook
WITH the break in the high winds over the past week, anglers have been making the most of the opportunity to hit some of their favourite fishing spots and been rewarded with fine Wahoo.
13 arrests after $135,000 of suspected cocaine found on Haitian vessel
POLICE arrested 10 men and three women in connection with the seizure of $135,000 worth of suspected cocaine found on a Haitian vessel at the harbour in Great Inagua.
Know your status - Bahamians take part in Regional HIV Testing Day
FOR some people it was the longest 15 minutes of their lives and for others it was simply a ritual they have become accustomed to – getting their fingers pricked, then waiting for the results from a rapid HIV test. Scores of Bahamians gathered in Raw
Obese, overweight workforce hits productivity and profit, study finds
NINETY per cent of the Bahamian workforce is either overweight or obese according to a study by a local fitness and consulting firm, its principal telling Tribune Business that the lack of a corporate wellness and fitness culture was significantly lowering workplace productivity and ultimately impacting businesses’ bottom line.
No billboards, no commercials . . . the concerns of Bahamas voters
WITH the highly anticipated constitutional referendum less than 90 days away, Bahamian citizens are concerned about the impact these amendments will have on the country.
Gov’t to create $15m SPV intermediary for egg plan
THE Government will create an off-balance sheet special purpose vehicle (SPV) to facilitate the $15m project designed to drive The Bahamas to 100 percent self-sufficiency in egg production.
