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Foreign buyer VAT rise gains ‘90-day transition’

A Cabinet minister yesterday confirmed the Government is allowing a 90-day “transition period” so that foreign purchases of real estate valued at under $1m - and already subject to sales agreements - can close at existing VAT rates.

CHAMBER CHIEF 'VERY CONCERNED' AT $300M BAD BUSINESS LOANS

By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday described as "very concerning" the almost-$300 million worth of 'bad loans' to the private sector, with January's $10.6 mill

CHAMBER CHIEF 'VERY CONCERNED' AT $300M BAD BUSINESS LOANS

By NEIL HARTNELL Tribune Business Editor The Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman yesterday described as "very concerning" the almost-$300 million worth of 'bad loans' to the private sector, with January's $10.6 mill

Bahamas total debt over 90% of GDP

The Bahamas was yesterday said to be “in a very, very dark position” after the Central Bank revealed that total public sector debt was a mammoth $7.604 billion, a sum equivalent to more than 90 per cent of national economic output (GDP).

How can we create opportunity?

What areas can The Bahamas look at to create new job opportunities for Bahamians, particularly youth?

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Maritime Corps thriving - with some challenges

Recently, the instructors involved in the Bahamas Maritime Cadet Corps (BMCC) held a conclave to discuss both progress and challenges.

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Pair fined after admitting drug possession charges

TWO men were fined yesterday after being arraigned in the Magistrate’s Court on drug possession charges.

NEMA hosts damage assessment training courts

THE National Emergency Management Agency hosted an Initial Damage Assessment Content Course for staff of the Department of Public Health.

Leadenhall wind-up is 'about 90 per cent finished'

The wind-up of the most recent Bahamian bank to be placed in court-supervised liquidation is “about 90 per cent done”, with a further $4 million dividend to creditors recently-approved.

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Island Luck three-ball game is ‘not a lottery’ says Wilchcombe

THE Gaming Board has commenced a 90-day observation period to assess Island Luck’s new televised three-ball game - Quick Draw - amid concerns that it is in violation of the Bahamas’ gaming laws.

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Real estate: 90% of transactions starting on-line

One-third of the Bahamas Real Estate Association’s (BREA) estimated 500-600 members are actively participating in its Multiple Listing System (MLS), the organisation’s principals yesterday saying this tool and their revamped website would “level the playing field” in a sector where 90 per cent of deals start on-line.

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Small business survivors: 90% to keep doors open

Some 90 percent of small business survivors plan to "stay in business" fully after the recent COVID-19 easing sparked more optimism among entrepreneurs, a sector consultant revealed yesterday.

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Bill passed to end Emergency Orders

MEMBERS of Parliament passed a bill yesterday to bring an end to certain suspensions implemented under the former Minnis administration through the Emergency Powers Orders.

Fear of 'potential tourism softness'

The Central Bank of the Bahamas has warned that “potential softness” in key visitor source markets is creating some downside for the tourism industry’s 2014 performance, with the sector “relatively flat” in January.

Realtor near doubles plaza's occupancy within 10 months

A realtor has reversed the fortunes of a 15-unit commercial plaza within 10 months, taking occupancy levels from 50 per cent to 90 per cent.

EDITORIAL: Govt should be applauded for egg project

FOR many years, some farmers have felt that governments have only paid them lip service when it comes to giving the industry a solid footing.

Boutique resort targeting Bahamian business

INVESTORS behind Abaco’s Hope Town Lodge are hoping to make the boutique resort “a go-to” island destination for Bahamians, the group’s chairman telling Tribune Business, “I would like see us running at 80 or 90 per cent all year around”.

Defence Force and utilities praised by doctor

A DOCTOR returning after a four-day stint in Clarence Town, Long Island, has praised the Royal Bahamas Defence Force team, BEC and BTC employees for the work they are doing to restore essential services to the community.

Healthy mouth – healthy body

World Oral Health Day (WOHD) is observed every year on March 20.

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PM tours site of care unit

PRIME Minister Hubert Ingraham toured the site of the new Critical Care Unit that is currently under construction at the Princess Margaret Hospital yesterday.