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Multi-million bidding war erupts for Hilton
A bidding war has erupted for downtown Nassau’s British Colonial Hilton resort, with at least two rival groups - one said to have Bahamian involvement - emerging to challenge the $74 million offer submitted by a multi-billion New York asset manager.
Has the public tender been abandoned at NIB?
NATIONAL Insurance’s first forensic report is yet to be completed, but what is now happening at NIB, observed a concerned Bahamian yesterday, is paving the way for another forensic review at the end of this government’s five-year term.
Building permit fee rise of 15-25% 'not unreasonable'
An increase in building permit fees is “not unreasonable” if kept to between 15-25 per cent, a leading architect said yesterday, urging that any rise be linked to service and efficiency improvements at Building Control.
Oil explorer: Deal is 50/50 profit sharing
The Bahamas Petroleum Company (BPC) yesterday said its original agreement with the Government effectively gave this nation a 50/50 profit split if it discovered commercial quantities of oil, adding that its investors were putting “hundreds of millions of dollars” at risk.
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.
Spanish chain takes over from Sheraton
BAHA MAR yesterday announced it had reached an agreement with the Spanish chain, Meli� Hotels International, to become the new brand/operating partner for its 694-room Cable Beach property, ending the current relationshi with Starwood Hotel & Resorts’ Sheraton.
Ribbon cut to open Memories resort
FREEPORT – Prime Minister Perry Christie officially opened the Memories Grand Bahama Beach and Casino Resort in Lucaya on Monday evening.
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.
'Full WTO membership needed to help compete'
Minister of Financial Services Ryan Pinder said recently that full membership and compliance in the World Trade Organisation (WTO) is necessary if Bahamian producers would like to compete on an even field with other international producers.
Hearing the hoofbeats of history
Most leaders never leave office unless there are mandated term limits; an act of God or due to debilitating illness.
Pastor says residents saw start of fire
MEMBERS of the Haitian community, devastated by a late night fire on Monday, told The Tribune yesterday they believe the blaze was intentionally set to force them off the property.
Realtor: 30% inquiry boost from western NP 'game changer'
The volume of inquiries for western New Providence real estate has increased by 30 per cent in the last three months, a well-known realtor yesterday disclosing that gated community purchases were generating up to 9 per cent investment returns.
Debt ratio back to pre-crisis 33% with high VAT
The Government’s initial 15 per cent Value-Added Tax (VAT) proposal would have slashed the Bahamas’s debt-to-GDP ratio to a “pre-crisis” 33 per cent by 2024, a private sector-commissioned study revealed yesterday.
Dundas Theatre thinks outside the box with 'for coloured girls'
PAIN is universal. It is a force that people try to escape or ignore at all costs.
Pacers cool Heat 94-75 in Game 3
INDIANAPOLIS (AP) -- Roy Hibbert had 19 points and 18 rebounds, George Hill scored 20 and Danny Granger 17 as the Indiana Pacers, showing more balance, toughness and togetherness than Miami, throttled the Heat 94-75 on Thursday night in Game 3 of the Easte
URCA: What’s App won’t fully replace mobile calling
What’s App and other over-the-top (OTT) applications are “unlikely” to fully replace traditional mobile phone calls and text messages despite their 97 percent penetration of the Bahamian subscriber base, regulators believe.
Class of 2014 inducted into National Sports Hall of Fame
THE Ministry of Youth, Sports and Culture’s Class of 2014 was inducted into the National Sports Hall of Fame at Government House on Friday night.
Rollins ‘would run against Loretta’
LONG Island MP Loretta Butler-Turner could face an independent challenge by Fort Charlotte MP Andre Rollins if voters on the island urge him to do so, the controversial politician said yesterday.
Lightbourn differences with Minnis ‘resolved’
ALTHOUGH he did not get a renomination for his seat, Montagu MP Richard Lightbourn - one of the “gang of six” - said his “differences” with Free National Movement Leader Dr Hubert Minnis have been resolved, telling persons yesterday to “go elsewhere” if they did not support the party’s leadership.
Outgoing High Commissioner looking forward to being involved in sports back home
By BRENT STUBBSSenior Sports Reporterbstubbs@tribunemedia.netLONDON: After spending the past four “wonderful” years of as the Bahamas High Commissioner to London, Ed Bethel said his only regret is that he will miss the 16th International Amateur Athl