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Tourism chief ‘praying’ for vaccination uptick
THE Bahamas Hotel and Tourism Association’s (BHTA) president yesterday said he is “praying” more persons become vaccinated at the next available opportunity as it is the “only way to combat COVID spikes”.
Five-month loan wait dampening realtor's outlook
A Bahamian realtor yesterday voiced concern that renewed market "optimism" could founder over tightened bank lending policies that are taking up to five months to issue mortgage approvals.
Auto dealers brace for 70% orders fall
New car dealers are warning that the government’s tax earnings from the industry will be severely reduced with 2021 orders expected to be up to 70 percent off compared to pre-COVID levels.
Union leader doubts Govt will ‘acquiesce’ to more labour reform
A trade union leader yesterday expressed doubts that the Government and employers will “acquiesce” to additional labour law reform demands.
Concern over alleged mistreatment of detainees
RIGHTS Bahamas (RB) yesterday renewed criticisms over the illegality of detention at the Carmichael Road Detention Centre (CRDC), raising alarm over recent allegations of mistreatment by guards.
First $60m tax credit approvals this week
The Ministry of Finance’s top official says the first approvals for companies qualifying for the government’s $60m tax credit/deferral relief initiative should be issued this week.Marlon Johnson, the acting financial secretary, told Tribune Business
Melinda keeps helping residents in Abaco
DESPITE having lost everything to Hurricane Dorian in early September, Abaco resident Melinda Pinder has never backed down when it comes to helping those in need within her community. The mother-of-two, who is no stranger to charity work, had been a
GB Shipyard cuts further 65 workers
Grand Bahama Shipyard was last said to have laid-off a further 65 workers in what sources described as a third round of cuts as Tribune Business went to press. The company was not available for comment last night, but a well-placed source - speaking
National debt in $30m fall
The Bahamas’ national debt has seen its first quarterly decline for years as it fell by just over $30m during the three-months to end-March 2019 thanks to a small budget surplus. The Central Bank’s quarterly review for the period, published this wee
The world is changing and we must react
The boom and bust cycle of the global economy is well established. WTO says global trade has under performers with growth of 3% and is expected to decline in 2019 to 2.6 %. The IMF forecast a global slowdown for 2019. The United States (US) is the world’s largest economy in nominal GDP so I will focus mainly on the US in my analysis.
'Buddy Buckets' season high 23 in win over the Grizzlies
Buddy Hield followed up Tuesday’s disappointing game with a season high in scoring and minutes played as a part of a new-look, fast-paced Sacramento Kings offence.Hield finished with 23 points on 10-20 shooting from the field, including 3-6 from thre
Caribbean rating agency entering Bahamas market
A Caribbean rating agency yesterday voiced optimism it can help Bahamian debt issuers raise capital at lower costs after being approved to offer its services in this nation.Wayne Dass, Caribbean Information and Credit Rating Services Limited (CariCRI
Insurer's Caribbean expansion is 'very much on burner'
RoyalStar Assurance’s chairman says Caribbean expansion remains “very much on the burner” as a means to address diversification concerns voiced by an international rating agency.Sir Franklyn Wilson told Tribune Business that the Bahamian property and
Activists question Disney sustainability plans
SEVERAL local environmental groups have written to Walt Disney’s top senior sustainability officer, raising questions about the adequacy of the environmental impact assessment (EIA) now underway for Disney Cruise Line’s proposed Lighthouse Point project.
$377m investment for BPL’s LNG conversion
A total $377.4 million investment is required to convert Bahamas Power & Light’s (BPL) generation plants to liquefied natural gas (LNG), an IMF ‘working paper’ revealed yesterday.
$20m contract signed for four new radars
THE government yesterday signed a contract for nearly $20m with a Finnish company for the acquisition of four new Doppler radars, something local meteorologists said will give the Department of Meteorology “no excuse” for not being more accurate with weather forecasts and tracking weather systems.
Exuma resort energy costs 'double' Nassau
Electricity costs for Exuma resorts are “almost double” those faced by Nassau hotels on a per room basis, a Cabinet Minister identifying a host of infrastructure challenges as preventing the island from reaching its full economic potential.
Bad loans and credit decline threaten growth
Difficulties in one bank’s commercial loan portfolio seemingly sparked a $38.7 million deterioration in the sector’s ‘bad credit’ position during April, another month in which the Bahamian economy was “relatively subdued”.
Property tax amnesty 'can be more generous'
A leading accountant yesterday said the Government should be “collecting a lot more revenue from real property tax”, praising it for its plans to combat this but also noting that its incentive programme could “have been more generous” towards current payers.
Developer: 'Fix Planning law sooner, not later'
The Government has been urged to fix its main Planning law “sooner rather than later”, a leading developer warning that otherwise all development projects will become bogged down in “never ending Judicial Review” actions.
