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Real estate derailed if VAT 'goes terribly'

The Bahamian real estate market is “definitely on an upswing” with inquiry volumes up 10-20 per cent, a leading realtor said yesterday, while warning that 2014’s positive outlook could be derailed if Value-Added Tax (VAT) implementation “goes terribly”.

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Oil explorer blasts ‘half-baked’ claims

The verbal battle between the Bahamas Petroleum Company (BPC) and its opponents intensified yesterday as the oil explorer blasted “half-baked allegations” over its well’s insurance coverage.

Is Christie now tolerant of such victimisation?

Prime Minister Christie once said: “There will be no payback time under my administration.”

Mystic Marlins win All-Girls High School Tourney

THE Dame Doris Johnson Mystic Marlins can celebrate as the initial champions of the New Providence Women’s Basketball Association’s All-Girls High School Basketball Tournament held in honour of long-time basketball coach Anthony Swaby at the DW Davis Gymnasium over the weekend.

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'The perfect storm' for our economic viability

Hurricane Dorian was yesterday branded “the perfect storm” to derail an economic and fiscal turnaround that the government wanted to be natural disaster-free for “at least another year”. KP Turnquest, deputy prime minister, told Tribune Business

Obie: 'Don't halt growth in middle of sowing seeds'

The former Minister of Tourism yesterday questioned his successor’s decision to amalgamate four US offices into two, saying: “You can’t stop growth in the middle of sowing the seeds.”Obie Wilchcombe told Tribune Business that Dionisio D’Aguilar shoul

Gov't stifles $1m Brewery expansion

By NEIL HARTNELL

TOUGH CALL: Confusion and anger in VAT debate

THE problem with the government’s inept handling of the value-added tax initiative is that no-one really wants to advocate higher taxes – even if you are a partisan warrior.

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Rattlers repeat as the Providence champions

CI Gibson Rattlers repeated as champions of the Providence Basketball Club’s 14th annual Christmas Classic.

Baha Mar beat local bidding target by 68%

Baha Mar says it has “far exceeded” its commitment to provide Bahamian contractors with $400 million worth of work, beating this target by 67.8 per cent while more than 6,000 local jobs to-date.

Budding entrepreneurs discover fertile landscape

Getting fired was the best thing that ever happened to Marc-Arnold Christophe and Ryan Ferguson.Their terminations gave them the freedom and spark to launch their own business, True Green, a landscaping company.The 23-year-olds met in 2012, at their

‘Govt has failed to bring laws that matter to Bahamians’

FREE National Movement (FNM) Deputy Leader Peter Turnquest told The Tribune yesterday that he was not impressed by the government’s legislative agenda this year because there was an overall failure to present bills that matter to Bahamians.

BFSB targeting shipping synergy

The Bahamas Financial Services Board (BFSB) is aiming to deepen synergies with the shipping industry by joining the Bahamas Maritime Authority (BMA) at Posidonia 2014.

COVID ‘bummer’ for Bimini revival

A prominent Bimini dive operator yesterday revealed significant cancellations as a result of newly-imposed COVID restrictions, which he branded “a bummer” for hopes of an economic “shot in the arm”.

INSIGHT: Causes of crime not new, but deepening – what now?

“Hate multiplies hate, violence multiplies violence, and toughness multiplies toughness in a descending spiral of destruction.” - Martin Luther King, Jr.

Sports in brief

BOWLING

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'Oversubscribed' AML offer attracts $10m

AML Foods yesterday confirmed Tribune Business’s Monday article by disclosing that its preference share issue had been oversubscribed by $2.5 million, adding that the extra sum would be used to boost cash flow by taking out short-term bank debt.

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Bahamian minor leaguers making a name for themselves

LUCIUS Fox returned to AAA, Chavez Fernander continued his successful transition to AA and D’Shawn Knowles made the most of a correctly overturned call to highlight performances from Bahamians in Minor League Baseball this week.

Fishermen: We're just scratching surface on our exports potential

FISHERMEN yesterday backed a Cabinet Minister’s goal of doubling Bahamian fisheries exports to near-$200 million, telling Tribune Business: “We don’t fish our ocean, only our banks.”Keith Carroll, the Bahamas Commercial Fishers Alliance’s (BCFA) vice

Cruise port poised for berth expansion

Nassau Cruise Port is poised to begin the expansion of key vessel berths as it revealed yesterday that demolition of the former Festival Place welcome centre is now 90 percent complete.