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Realtor: Economic citizenship can lower Bahamian tax burden
A prominent realtor has renewed his call for The Bahamas to introduce economic citizenship, arguing it will create a new revenue source and lessen the tax burden on Bahamians.Mario Carey, the founder of Better Homes and Gardens Real Estate MCR Bahama
DeAndre gets scholarship offers from top colleges
THE suitors continue to line up for the top ranked high school basketball recruit in America, and although we are quite some time away from a final decision, Bahamian centre DeAndre Ayton mulled his first round of scholarship offers.
NPVA Recap: Panthers on a roll to close out the year
THE Caribbean Gas Panthers closed out the year with an unblemished record in the New Providence Volleyball Association (NPVA) standings after defeating the Set-sy Poppers at the DW Davis Gymnasium last week Friday.
A chapter of disaster?
The Baha Mar bankruptcy order should be granted in the Bahamas to avoid a damaging dog-fight between creditors, Richard Coulson urges.
Owners ‘very aggressively’ marketing ex-Ginn project
The former $4.9 billion Ginn sur Mer project is being “very aggressively marketed” to targeted potential purchasers, Tribune Business was told yesterday, with a $75-$80 million outlay likely to acquire the entire property.
‘Totally devastating’: Water corp revenues shrink 61%
Hurricane Dorian and the COVID-19 pandemic have dealt a “completely devastating” blow to the Water & Sewerage Corporation’s cash flow with April revenues down 61 percent, its executive chairman revealed yesterday.
Mixed track record of out island resort projects
THE so-called “anchor project” model of development is a hot-button topic these days – critics say we are selling our birthright to foreign speculators for a mess of pottage.
Boutique hotel on 'radar' for $200m development
A $200 million real estate development yesterday confirmed that a boutique hotel, while “on our radar”, was likely three to four years from being added to its product mix.
Insurance faces 'significant strain' if rates cut again
The Bahamian insurance industry will be placed under “significant strain” if there is a further cut in the Prime interest rate, with one underwriter also said to require “recapitalisation”.
S&P goes ‘negative’ on Bahamas as debt ratio rises 11% pts
Wall Street last night forecast that the Bahamas’ net government debt would hit 45-47 per cent of GDP by 2013-2014, a double digit rise in three years, as one rating agency slashed its economic outlook on this nation to ‘negative’.
Rockets v Shockers tonight
THE Pyramid Food Rockets and the Real Deal Shockers are scheduled to square off tonight to determine who will go on to play in the Vince Ferguson divisional final in the New Providence Basketball Association.
FIBA: Team Bahamas falls to Panama 88-66
THE Bahamas men’s national basketball team wrapped up its final two games in the FIBA Americas World Cup Qualifier with another loss. The team, coached by Moses Johnson, John Nutt and James ‘Jimmy’ Clarke, suffered a 88-66 decision against Panama yesterday. The loss came after the Bahamas was handed a 117- 70 rout against Venezuela on Thursday in Caracas.
NP real estate sales value off 45 per cent during Q3
The total value of New Providence real estate sales on the Bahamas Multiple Listing System (BMLS) dropped 45 per cent quarter-over-quarter in the three months to end-September, the industry yesterday unveiling its initiative to boost “market transparency” and real time data access.
Minnis: I won’t lie to nation on crime
FNM Leader Dr Hubert Minnis said crime is “out of control” as he urged the government to disclose what impact, if any, its highly-touted Urban Renewal initiative has had on the problem.
Landfill operator eyes tight ‘break even’ goal
Renew Bahamas yesterday said it will have to export 10-12 containers of recycled materials daily from the New Providence landfill to “break even” and recoup its $8 million investment.
VAT to hit CIBC operating costs
CIBC FirstCaribbean believes the factors that drove a 74.8 per cent first quarter profit increase will remain present throughout 2015, even though Value-Added Tax (VAT) will grow its Bahamian subsidiary’s operating expenses.
$30m investment set to aid 25,000 Bahamians
Some 25,000 Bahamians and 150 small and medium-sized enterprises (SMEs) are projected to benefit from a $30m investment to unlock the country’s ‘blue economy’ potential and enhance coastal protection.
Gov’t boost from moody’s $44m deficit miss forecast
MOODY'S has given the Government’s fiscal consolidation campaign a major boost by predicting that this year’s fiscal deficit will only narrowly overshoot its target by $44m.
CIBC deal positive if 'breaks up the cartel'
An ex-Central Bank governor yesterday said the proposed acquisition of CIBC FirstCaribbean could be positive for the Bahamian economy if it “breaks up the cartel” in the banking industry.James Smith, pictured, told Tribune Business that the Colombia-
Minister declines permit turnaround time commitment
The minister responsible for immigration yesterday declined to commit to the ‘20-day response’ timeframe sought by the private sector for work permit approvals, admitting that “a drastic increase” in staff and technology was required to achieve this.
