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Ex-BREA chief: ‘Middle class are not feeling this prosperity’
A two-time Bahamas Real Estate Association (BREA) chief is urging banks to cut the down payment demanded from all home buyers to 5 percent, as he warned: “The middle class aren’t feeling this prosperity.”
Melia middle managers’ dismissal claim survives
A wrongful dismissal claim by 50 middle managers at the former Melia Nassau Beach Resort has been permitted to survive “so that justice may not only be done but be seen to be done”.
Chamber ‘carefully monitoring’ frustrations over DIR tax portal
The Chamber of Commerce’s chairman last night said it is “carefully monitoring” mounting private sector frustration caused by the struggle to access the Department of Inland Revenue’s online tax portal.
Developer ‘not having party yet’ over mortgage easing
A major Bahamian residential housing developer yesterday disclosed it is “not having a party yet” over the Central Bank’s decision to relax mortgage lending stipulations.
Central Bank ease ‘won’t open mortgage avenue’
The Central Bank’s recently-unveiled regulatory easing is unlikely to “open up a new avenue of mortgages” being issued to Bahamian home buyers, a senior banker said yesterday.
FNM criticise govt over lack of priority on FOIA
FREE National Movement leader Michael Pintard criticized Prime Minister Philip “Brave” Davis’ response to implementing the Freedom of Information Act, noting the administration’s team is large enough to get it done.
Sporting leaders’ sneak preview for year 2024
As the sporting bodies prepare for the 2024 season, leaders of various local associations and federations expressed their views on what they anticipate to do in their respective disciplines.
NACAC Athletics: Sands charts course
HAVING received the confidence of the delegates to serve for another term, Mike Sands said he’s more pleased with the progress his administration made during his first four-year term and he’s eager to proceed with his second term as president of the renamed North American, Central American and Caribbean Athletics (NACAC Athletics).
Bahamas set to focus on cruise tourism conversion
The Bahamas will make “deliberate and intentional” efforts to convert more cruise passengers to higher spending and higher-yielding stopover visitors, the deputy prime minster has pledged.
Gov’t targets first quarter for downtown Nassau Bill
The Government is aiming to have legislation governing how downtown Nassau will be managed “fully completed” within the 2024 first quarter, it was revealed yesterday.
Restaurant pledges to showcase local talent
A western New Providence restaurant is pledging to stage more events for patrons as it gets set to celebrate its first-year anniversary next month.
Central Bank mortgage ease may not have instant impact
A realtor yesterday hailed the Central Bank's bid to help more persons "accomplish the Bahamian dream" although he warned the impact may not be felt instantly.
Bahamas 'fumbling ball' on doing business ease
An Opposition MP yesterday blasted that the Bahamas continues to "fumble the ball" on the ease of doing business after spending a frustrating day unable to access the Department of Inland Revenue's portal.
‘Absolutely horrible’ boat registration hikes kick-in
Fishermen and tour operators yesterday hit out at the “absolutely horrible” ten-fold and greater increase in boat registration and renewal fees that Bahamian businesses must pay with the New Year’s arrival.
Ex-environment chief 'grasping at straws'
The Bahamas' former top environmental regulator was "grasping at straws" with his last-ditch bid to prevent the $4.85m seizure of his Shirley Street gas station by the Bank of The Bahamas' bail-out vehicle.
Police say Jamaican woman’s assault at detention centre claim still under investigation
CHIEF Superintendent Michael Johnson said police are still investigating a Jamaican woman’s claim that she was sexually assaulted and abused at the Carmichael Road Detention Centre in November and may need to speak to people outside the country before completing their probe.
Bahamian music artist Canaan For Yah signs a deal with Epidemic Records
CANAAN Cunningham worked multiple jobs to make ends meet when he moved to Miami, doing sound engineering for artists, songwriting, and part-time work at TJ Maxx.
AG: Sam Bankman-Fried prosecutors ‘rather misleading’ over second trial
The Attorney General yesterday branded the US explanation for not proceeding with Sam Bankman-Fried’s second trial as “rather misleading” since prosecutors knew the FTX chief’s Bahamas action is still live.
2024 is the year of anticipation
Those of us who are reading this submission are blessed and highly favoured. We made it into a brand New Year. Had it not been for The Lord, many of us would not be here right now. Many of our fellow Bahamians have; by natural death; debilitating illness; suicide or a violent demise gone across the Jordan. Those of us who yet remain, have much to be thankful for and I daresay that we have great anticipations.
Bahamas saw 'in excess' of 9m tourists during 2023
The deputy prime minister says The Bahamas likely received "well in excess" of nine million visitors in 2023 due to a "phenomenal" year for tourism.
