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Realtors enjoy 20% high-end sales rise
Sales of high-end Bahamian properties valued at more than $1 million have increased by 20 per cent year-over-year, with top realtors telling Tribune Business that serious buyers are “not just kicking tyres”.
Sports Notes
THE Bahamas Chess Federation has announced plans for two major events.
‘One major regret’ for Mychal ‘Sweet Bells’ Thompson
DESPITE a 14-year NBA career which included two NBA titles, and watching his sons win their own respective titles in the NBA and the NBA Development League this season, Bahamian basketball icon Mychal “Sweet Bells” Thompson said there is one regret that remains from his days on the hardwood.
Renewable energy fearing 'significant harm' from VAT
Bahamian renewable energy providers yesterday warned of “significant harmful effects” if the sector is subject to 15 per cent Value-Added Tax (VAT), adding that it would undermine a key aspect of government policy.
FAMILIES EARNING UNDER $5K YEARLY INCREASE BY 83%
By NEIL HARTNELL Tribune Business Editor The number of Bahamian households surviving on less than $5,000 per year has increased by an "alarming" 83 per cent in the past four years, Department of Statistics data shows, indicating the recession has most im
Concern over S&P rating
THERE is “at least a one in three chance” that Standard & Poor’s (S&P) will downgrade the Bahamas’ sovereign credit rating within the next 24 months, with Wall Street ruling tax reform out as a major difference maker in the short-term.
Bahamas faces 'one in three chance' of downgrade in two years
THERE is “at least a one in three chance” that Standard & Poor’s (S&P) will downgrade the Bahamas’ sovereign credit rating within the next 24 months, with Wall Street ruling tax reform out as a major difference maker in the short-term.
Eugene Stuart helps lead team to playoff berth
EUGENE Stuart has had an immediate impact on Arca Galati of Romania’s Divizia A1 and helped lead the team to a standout regular season and playoff berth.
Pledge to release statistics showing latest conviction rate
LEGAL Affairs Minister Allyson Maynard-Gibson yesterday committed to releasing statistics that would support an improved conviction rate over the “alarming” figures released by the Inter-American Development Bank.
Treasure Cay seeks $59m purchase to ‘maximise potential’
The Treasure Cay Resort Marina and Golf Course is seeking a buyer that will take the area to its “maximum potential”, Tribune Business has been informed.
Insolvency Association to discuss legal reform
The Restructuring and Insolvency Specialists Association (RISA Bahamas) is to host a roundtable discussion on proposed changes to this nation’s insolvency legislation.
Grand Bahama Shipyard helps East End schools
FREEPORT – Last week, Minister of Education Jerome Fitzgerald toured improvements to East End schools and a visited a media centre donated by the Grand Bahama Shipyard.
Sports in brief
THE Bahamas Bowling Federation has announced that its trials for the Tournament of Americas is scheduled to start 7pm Wednesday.
A gift to help regatta
THE Cat Island Regatta is an established fixture on the Bahamian summer calendar and this year’s event in August will offer a busy programme and upgraded facilities.
Attorney demands promotional body for Grand Bahama
A leading Freeport attorney yesterday demanded that the Grand Bahama Port Authority (GBPA) and Hutchison Whampoa be required to finance a Professional Marketing Organisation (PMO) to internationally promote what he described as “the forgotten island”.
Aviation chief ‘most concerned’ on B’air policy
A leading Bahamian airline executive yesterday said he was “most concerned” about the lack of direction and confusing policy statements by government officials over plans for the aviation sector and Bahamasair’s development.
Businesses face ‘major supply chain disruption’
Bahamian businesses were yesterday warned to brace for “significant supply chain disruption”, with no freight vessels arriving at Nassau until possibly “late next week”.
Real estate needs ‘bread and butter’
The real estate market needs its Bahamian “bread and butter” buyers to return if it is to mount a full recovery, a well-known realtor yesterday suggesting it was becoming increasingly difficult for locals to afford homes.
PM: I wanted to hold off longer over BPL
The Prime Minister yesterday admitted he had wanted to hold-off on up to 163 percent increases in Bahamas Power & Light’s (BPL) fuel charge for longer to give struggling Bahamian families more time to rebound from COVID-19.
NGOs cleared on terrorism: High risks’ $150m turnover
All Bahamian non-profit groups have been cleared of any involvement in financing terrorism with those deemed to present a “higher” risk found to collectively control some $150m in turnover.
