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‘Polish what we have before tourists return’
A prominent realtor yesterday voiced optimism that real estate sales could increase by 50 percent this year as he urged Bahamians to “polish what we have” before the tourism market rebounds.
Auto chief: 25% sales jump ‘if no lockdown’
A top auto dealer yesterday predicted new car sales could increase by over 25 percent this year “subject to no lockdowns” as the industry targets the 2022 second half for a full COVID-19 rebound.
$400m shortfall: 'We're running out of options'
A former finance minister is warning that The Bahamas' $400m foreign currency deficit could be the start of "a quite worrisome trend", and added: "We're running out of options."
Bahamas suffered $400m 'shortfall' on foreign inflows
The Bahamas suffered a more than $400m foreign currency "shortfall" in 2020 that had to be covered by the Government's overseas borrowing activities, the Central Bank's governor revealed yesterday.
Alarm as number of completed juvenile cases drops
ONLY five percent of juvenile cases were completed during the last legal year, alarming juvenile advocates.
Developer: Residency ease for 'American first'
A Bahamian developer poised to break ground on a $50m project yesterday urged the Government to resolve tax and permanent residency bottlenecks for the country to exploit an "American first".
Butters named Player of the Week
Grand Bahamian Shackeel Butters of Williams Baptist in Walnut Ridge, Arkansas, has been named the American Midwest Conference (AMC) Men’s Basketball Player of the Week.
2020 – A year in the markets
ActivTrades
2020 was year marked by the coronavirus pandemic and its sanitary and economic impact, forcing governments and financial authorities around the globe to intervene on an unprecedented scale.
Realtor fears for Bahamas over Democrat wins
A prominent realtor yesterday warned that Democratic control of both houses in the US Congress could hit The Bahamas' post-COVID recovery if the party moves to push through steep tax hikes.
EDITORIAL: Time to refill the NIB pot
THERE is a saying in the US that social security is the third rail of politics – the third rail being the one that carries the electric charge and if you touch it, you’ll get zapped.
Can we bite NIB bullet? ‘Bold decision’ needed - raise contributions to sustain cash assistance
NATIONAL Insurance Minister Brensil Rolle yesterday admitted that no government has been “bold enough” to take on recommendations that National Insurance Board contributions must increase to sustain the financial viability of the social security net.
PETER YOUNG: It’s vital we get our vaccine programme right and learn how others have fared
IN a free society it is axiomatic that authority should be held to account. Criticism of mistakes and failures should be encouraged, if only to prevent them in the future. So, on the thesis that it is the role of the Fourth Estate to scrutinise official policies and actions and to ask the tough questions, I return this week to the vexed issue of the coronavirus vaccine.
Collapsed firm's owners offer liquidator $150,000
Taylor Industries owners have offered to pay $150,000 to help cover their former staff's termination pay and other benefits from the $2.335m generated by selling the collapsed firm's former head office.
Sir Franklyn defends $49m Jack's Bay goal
Sir Franklyn Wilson is defending as "very conservative" projections that the Jack's Bay project will hit up to $48.9m in annual real estate sales by 2023, adding: "We're not selling this like Fried Fish."
BPC faces $400k extra daily costs if drilling halted
Bahamas Petroleum Company's (BPC) chief executive is alleging it will incur extra costs of up to $400,000 per day if activists succeed in persuading the Supreme Court to halt its exploratory oil drilling.
'Stability' concern on NIB's $100m COVID drawdown
The Central Bank has voiced confidence that COVID-19 will not produce a 'bad loan' blow-out to match the $1.2bn credit arrears peak caused by the 2008-2009 global recession.
Bahamian single women take brunt of COVID-19
Bahamian single women have born the brunt of COVID-19's economic devastation to lead the Caribbean on both job losses and "worsening diet", the Inter-American Development Bank (IDB) has revealed.
Don't leave Bahamians with oil drilling 'peanuts'
The Bahamian people must get more than the "peanuts and crumbs" if the Government ultimately decides to approve commercial oil exploration, the National Trust's top executive urged yesterday.
AG: New tax for BPC if royalties 'abysmally low'
The attorney general yesterday said the Government could impose a new tax on Bahamas Petroleum Company (BPC) if it declines to renegotiate "abysmally low" royalty rates that are the world's poorest.
DRILLING BEGINS . . . but Bethel says govt will negotiate a bigger share if oil is found
ATTORNEY General Carl Bethel assured Bahamians that the government intends to renegotiate the scale of royalty fees if commercial quantities of oil are found in the country.
