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Realtors slam ‘foolish’ $1m residency reform
Top realtors yesterday warned the Government it would be “foolish” to double the permanent residency investment threshold to $1 million, estimating it could undermine up to 60 per cent of active real estate developments.
Renewable pioneer makes 50-100% AC saving pledge
A Miami-based pioneer yesterday said he could provide “the most cost effective technology to both cool the Bahamas and provide fresh water”, pledging that it could cut air conditioning costs by between 50-100 per cent.
Chamber chief: PM's BTC intent 'very concerning'
THE Prime Minister's stated intent to reclaim majority ownership of the Bahamas Telecommunications Company (BTC) sends a "very concerning message" to the Bahamian and international business community about the "validity of contracts" they enter into with the Government, a senior private sector official has warned.
Cheesesteak franchise targets up to seven locations
A prominent US cheesesteak franchise yesterday unveiled plans to expand to up to seven Bahamas locations as it opened its second Nassau outlet with the creation of 40-50 jobs.
Aliv’s $30m offering to be ‘well oversubscribed’
Advisers to the Bahamas’ second mobile operator yesterday predicted its just-launched $30 million bond offering “will be well oversubscribed”, amid expectations it will start generating a profit by 2019.
Clubs and Societies 09232016
Cycling Club Bahamas. - Weekday rides, East, morning: Tuesday & Thursday leaving 5am sharp from Sea Grapes Shopping Centre, East Prince Charles Drive. This ride is a 17-mile loop to the Northbound Paradise Island Bridge and back again (Both bridges are sometimes incorporated depending on available time). Open to riders capable of 18+mph for 1 hour. Lights are essential.
The unknown plight of the Bahamas' 77%
Two weeks ago in this column, I wrote: “Recently, the local press carried stories about growing unrest at the Central Bank of the Bahamas. Apparently, management at the Central Bank is trying to restructure pension arrangements so as to ensure a more sustainable plan going forward.
Bahamians urged: 'Pull hard for Leon's success'
Bahamians employed by multinational companies were yesterday urged to “pull hard for Leon Williams to succeed” at the Bahamas Telecommunications Company (BTC), a leading businessman suggesting this could pave the way for them to take top executive posts.
CRIME IS THE BIGGEST PROBLEM
My reason for writing this letter is because of the very disturbing comment made by the Foreign Affairs and Immigration Minister Fred Mitchell in The Tribune dated April 3, 2014, concerning the US Embassy’s alert warning Americans about crime in the Bahamas.
‘Baha Mar Hoops’ adds flavour to NCAA fever
With college basketball now underway in the United States, Baha Mar will be adding to the excitement with the hosting of the largest group of teams for the “Baha Mar Hoops” later this month.
FACE TO FACE: Sam’s never stood still and always goes the distance for others
I recently met an unsung hero on First St, The Grove – a gem right among the people with a lifetime of giving and serving to share. Those of the generation before me may know his name. But all too often, wonderful people like Sam Williams get lost in the stories of today, when young people could benefit from learning of people like him and find their own way to make a similar or even greater impact.
A YOUNG MAN'S VIEW: How Perry Christie has sold out the country over Baha Mar
Prime Minister Perry Christie’s “non-announcement” announcement on Baha Mar, where he asserted that construction at the stalled $3.5 billion resort will resume in September, was nothing short of insulting, vacuous and a political red herring meant to distract a disconcerted populace from yet another downgrade by the credit rating agency Moody’s.
BTC: 50% client growth belies bottom ranking
The Bahamas Telecommunications Company (BTC) yesterday charged that this nation’s joint last ranking on mobile Internet penetration was based on “dated” data, telling Tribune Business it had enjoyed 50 per cent subscriber growth to 30,000 mobile broadband clients over the last year.
'Con man's' $8m belongs to Butlers, investors, not US
The US Government cannot seize $8.106 million in assets that belonged to convicted con man, Derek Guise Turner, because they had already been declared the “property” of Loretta Butler-Turner’s family and other defrauded Bahamian victims.
Judge: Baha Mar forum shop ‘cannot be faulted’
The Supreme Court yesterday ruled it had no authority to create an insolvency regime tailor-made to Baha Mar’s requirements, even though it agreed that the $3.5 billion developer “could not be faulted for forum shopping”.
URCA warned over ‘maximum damage’
The Utilities Regulation & Competition Authority (URCA) is threatening to “inflict maximum damage” on the now-liberalising mobile market via a major change to its regulatory approach on retail pricing.
Electric auto dealer targets 30% of market in five years
A Bahamian dealer yesterday forecast that electric vehicles will account for 30 percent of all new auto sales within five years despite rivals’ concerns that this nation must first “catch up on the back end”.
Taxing times require some serious reform
After years of desultory chat about a new tax structure, the Symposium on Tax Reform, scheduled for October 25-26 at the College of the Bahamas, may actually propel us towards a specific programme of change.
High School Basketball Nationals starts today
FOLLOWING the completion of the 35th Hugh Campbell Basketball Classic for senior boys, the Bahamas Basketball Federation/Ministry of Education, Science and Technology is getting set to host their National High School Tournament, featuring the senior boys and girls and Family Island divisions.
Baha Mar ‘fumes’: Govt eyes local landfill solution
The Government was last night leaning towards a Bahamian consortium as its best hope for resolving the New Providence landfill’s woes, amid growing pressure from Baha Mar’s new owner to deal with the fumes and associated health hazards.