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Texas oil billionaire closes Chub Cay deal
A Texas oil billionaire has completed his multi-million dollar purchase of the Chub Cay resort development in the Berry Islands, its former administrator yesterday describing the property’s future as “bright”.
Bahamianisation ‘more a curse than a blessing’
A well-known QC has backed calls to liberalise the Bar, telling Tribune Business: “Bahamianisation has been more of a curse than a blessing.”
BEC’s $56m ‘disadvantage’ fear over injunction bid
BEC has warned that New Providence will suffer “severe economic and social consequences” if activists succeed in obtaining an injunction against the power plant supplying 50 per cent of its energy needs.
INSIGHT: Business as usual post-Brexit
How is Britain after the momentous vote to leave the European Union? Six weeks on, Peter Young detects a mood of calm and optimism . . .
STATESIDE: Republican competition for presidential nominee warming up
WHAT state seems to be the centre of the American political universe these days? Some feel that it’s Florida, home now to both former president Donald Trump and his most talked-about potential heir, governor Ron DeSantis. The governor, aided by the Republican-controlled legislature, is plowing headlong into one culture war after another, from packing with conservatives the board of trustees at quirky, progressive New College in Sarasota to casting doubt about school curricula that teach youngsters about the history of African-Americans.
‘Air cargo hub’ ambition for GB’s $200m airport
The deputy prime minister yesterday unveiled a $200m Grand Bahama International Airport redevelopment that aims to ultimately transform the facility into an international “air cargo hub” for the Caribbean and Latin America.
CORPORATE TAX PLAN REVEALED: Govt favours proposal of 10-12 percent rate for most businesses
The Government is leaning towards reforms that will see most Bahamas-based businesses pay a "modest" corporate income tax of either 10 or 12 percent with the only exception being small firms earning less than $500,000 annually.
Social services reform key to healing country
Social services play a crucial role in nurturing our nation's most valuable asset: Its citizens. Currently, the well-being, health and standard of living of Bahamians are subjects of great concern. We have yet to fully tackle the challenges of accessibility for child protection services, raising awareness about mental health and revitalising social welfare programmes.
Fidelity ‘ramp up’ after 30% first half profit fall
Fidelity Bank (Bahamas) yesterday pledged to “ramp up” its performance during 2023’s final months after a near-30 percent first-half decline put the “stretch” $25m profit target for the full year seemingly beyond reach.
Eric Wiberg – Taxied to beach, hit trees and sank
TAXIED to beach, hit trees, and sank: these seven words encapsulate a bad day for a dozen men.
THE KDK REPORT: Proactive approach needed so all are able to afford health care - Part 2
ON a daily basis, I meet and interact with patients from all walks of life. Last week, I wrote about how a friend from an affluent background complained about the rising price of water lilies, which she needed to purchase for the Koi Pond in her garden.
COVID-19 controls ‘saved’ $900m external reserves
The Bahamas’ capital controls saved “around” $900m in external reserves at COVID’s peak, an economic researcher has estimated, while also helping to lower the Government’s annual interest burden by 2.5 percent of GDP.
NEW MOODY’S DOWNGRADE: Action taken over financing access fears
The Bahamas was last night urged to "move more urgently to rev the engine" after Moody's again downgraded the country's sovereign creditworthiness over fears its access to borrowing is being squeezed.
‘Future generations will say we did no favours’
COVID has worsened The Bahamas’ looming savings and retirement crisis, a pensions specialist warned yesterday, adding: “Future generations will say we did them no favours.”
BISX-listed fund still eyeing downtown parking solution
A BISX-listed fund yesterday declared its continuing interest in solving downtown Nassau’s parking woes by redeveloping the Registrar General’s former home as it renews ambitions to expand to a $100m property portfolio.
STATESIDE: Difficult choices for undecided voters
ACCORDING to the venerable Gallup Poll, over the past two years, forty percent of surveyed voters have consistently identified their political affiliation as “independent.” Roughly thirty percent said they were Republicans and a similar percentage declared themselves to be Democrats.
FTX’s Bahamas liquidators beaten to $143m by DOJ
The bid by FTX’s Bahamian liquidators to take control of $143m held in US bank accounts was rendered “moot” - at least temporarily - after the assets were seized by the US federal authorities.
FACE TO FACE: The Legacy of Uncle Lou
SOME educators come into the lives of children and leave such an impact on them, that they are never forgotten. Deacon Leviticus Lewis Joseph Adderley was one of them. As the beloved principal of St. Augustine’s College for many years, he impacted the lives of countless SAC students, molding nation leaders and global influencers.
DIANE PHILLIPS: Growing the economy doesn’t happen when you do what you’ve always done
PRIME Minister Philip “Brave” Davis set off a maelstrom of misdirected mischief when he announced elimination of duty on pleasure boats, a concept that goes back decades and was intended to come to fruition at least ten years ago.
Cable beats target by $50m on ‘largest ever refinancing’
Cable Bahamas yesterday revealed it beat its preference share rollover target by $50m as it hailed completion of “the biggest refinancing the market has ever seen”.
