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Fiscal Council’s reports ‘not a flip of the switch’
A Fiscal Responsibility Council member yesterday said there was nothing sinister about the body’s delayed publication of two key reports, and asserted: “This is not a flip of the switch.”
Delinquent mortgage buyer gives insurer $8m ‘windfall’
A Bahamian insurer yesterday said it is targeting a 15 percent profit increase for 2022 once the $8m “one-off windfall” it enjoyed last year from its investment in a delinquent mortgage buyer is stripped out.
BISX-listed Fund ‘stabilises’ with commitments for $8m
The BISX-listed Bahamas Property Fund has “stabilised” occupancies and rental rates at its flagship property “for the first time” in almost a decade amid expectations its current $8m capital raise will be fully subscribed.
Looking to a future after Ingraham
SO Hubert Alexander Ingraham has been forced to exit, stage left – and just as his personality cult was kicking in big time.
$300m cruise port won’t be ‘a tourism Wal-Mart’
Nassau Cruise Port’s top executive says he is “absolutely” confident that its $300m transformation will increase visitor spending yields and lure more hotel guests downtown, adding: “We’re not creating a tourism Wal-Mart.”
UPDATE: Govt won't allow BPL to impose late fee
THURSDAY AFTERNOON UPDATE: The Davis administration said it will not allow BPL to impose a late fee on the Bahamian people. It was only one of five considerations in a discussion to lower the company’s outstanding arrears, according to Acting Press Secretary Keishla Adderley at the OPM press briefing this morning. BPL also released a statement (left) saying it did not have plans to impose a late fee on its customers at this time.
$10m poultry investment in ‘Nassau-centric’ move
A $10m poultry farming project is aiming to “become more Nassau-centric”, with its investor yesterday pledging it remains committed once land and the incentives regime are agreed with the government.
Ex-gaming minister: 'Ideal time' for lottery
The ex-minister who oversaw the web shops’ legalisation yesterday said it was an “ideal time” to introduce a national lottery, suggesting it could generate $150-200m per annum. Obie Wilchcombe, the former minister of tourism, while criticising the go
Go Team Bahamas!
Team manager Courtney Wallace said the Bahamas’ 80-member team is ready for the staging of the 2018 CARIFTA Games at the Thomas A Robinson National Stadium this Easter holiday weekend.The team went through a light workout session yesterday and is get
‘Taxes will increase to cover debt’
A leading Bahamian banker has warned that taxes will "increase significantly" to pay for the Government's COVID-19 spending, leaving individuals and businesses left with less money "for quite a while".
RoyalFidelity: $1bn goal as 'Caribbean's premier'
RoyalFidelity is now focused on becoming “the premier Caribbean investment bank and wealth manager” after its management-led buyout closed last Wednesday, its president has revealed.Michael Anderson, pictured, confirming that all necessary regulatory
Unions give PM month to avoid ‘national strike’
Trade union leaders yesterday warned the prime minister he has a month to resolve multiple labour disputes otherwise “he’s going to have a national strike on his hands”.
No ‘great panic’ on deficit run-up
The government’s first-half fiscal deficit is no cause for “great panic” despite being equal to 73.4 percent of the full-year target, a top accountant argued yesterday.
Reformer says 'it's not a one pill cure'
The Bahamas will take “at least a decade” to escape its fiscal crisis, a governance reformer warning: “It’s not a one pill cure”.
FACE TO FACE: Fighting for the rights of fathers
Children who have a close relationship with their father are twice more likely to find stable employment or enter college after high school. They are 75 percent less likely to have a teen birth; 80 percent less likely to spend time in jail; and half as likely to experience multiple depression symptoms.
Bahamas selects 'most fraught' model for BEC
By NEIL HARTNELL
$500m impact and counting
Arawak Homes’ development of Pinewood Gardens unleashed a $500 million economic impact spread over 30 years, its chairman said yesterday, telling Tribune Business that over 80 per cent of the lot sites it acquired have been built upon.
51 new cases as surge goes on
NEW Providence recorded a new single-day record of 51 confirmed COVID-19 cases yesterday.
NCAA basketball: McCoy gets top honour, Bastian sets career high
MALACHI McCoy received a weekly honour as the top player in his conference and Lathaniel Bastian scored a new career high to highlight play from Bahamian student athletes in NCAA Division II basketball.
Deceased activist Parisien named in fraud investigation
COURT documents detailing a two-year FBI sting operation into US visa fraud in Nassau name deceased activist Pierre Parisien as being involved in the scheme.
