| The Tribune

'Crazy' policies deter 'gung ho' property buyers

A leading realtor has described as “crazy” government policies that are stifling the Bahamian economy, warning that previously “gung ho” buyers were now starting to hold-off on purchases.

A COMIC'S VIEW: When it gets cold in The Bahamas

THE JOHNSONS - Ah, our ‘Climate Change Refugees’ the Johnsons.

China proposes major Bay St. Redevelopment

China’s interest in downtown Nassau goes far beyond the potential British Colonial Hilton purchase, Tribune Business can reveal, having presented Prime Minister Perry Christie with a ‘Master Plan’ to redevelop Bay Street and surrounding areas.

CCA return ‘beyond stupid’ if local creditors ignored

A former Bahamian Contractors Association (BCA) president yesterday warned it would be “beyond stupid” to permit China Construction America (CCA) to finish Baha Mar without local creditors first being ‘made whole’.

Davis 'set up' FNM chairman

OPPOSITION Leader Dr Hubert Minnis last night named Deputy Prime Minister Philip “Brave” Davis as the mastermind behind an alleged “set up” of former Free National Movement (FNM) Senator and Chairman Michael Pintard amid allegations of a murderous plot orchestrated by Canadian fashion mogul Peter Nygard.

Gov’t targets ‘balanced Budget’ until end-June

The Government is targeting a near-balanced Budget for the fiscal year’s second half, a target that one private sector executive yesterday described as “very ambitious”.

FNM ‘serves retirement notice’ for MP Gray

WITH two weeks remaining before voters across the country take to the polls to elect the nation’s next government, the Free National Movement’s (FNM) campaign machinery moved into Acklins to serve a notice of retirement to incumbent MICAL MP Alfred Gray and the Progressive Liberal Party (PLP).

Gov't targeting $660m revenue rise in 4 years

The Government is targeting improved revenue yields equivalent to 4 per cent of Gross Domestic Product (GDP) as the centrepiece of its plan to generate a recurrent Budget surplus within three years, it was disclosed yesterday.

FNM chairman hits back at 'overspending' claim

FNM chairman Darron Cash has hit out at businessman Franklyn Wilson over his accusation that the party was guilty of gross overspending while in power, claiming the opposite was actually the case.

Govt ‘minded’ to grant lease despite signs of Nygard Cay occupying Crown land

ALTHOUGH the Christie administration had evidence that Canadian fashion mogul Peter Nygard had allegedly encroached on Crown land without the relevant government approvals, officials were still “minded” to grant him a 21-year renewable lease for the area, according to documents obtained by The Tribune.

Ex-director ‘sceptical’ over Baha Mar process

An ex-Baha Mar director yesterday said he was “a little sceptical” that the newly-launched process to sell the $3.5 billion project would produce a positive outcome for the Bahamas, adding: “We’re still in for the long haul.”

One in ten long island homes assessed so far are ‘completely destroyed’

MORE than one tenth of the homes assessed by teams dispatched by the National Emergency Management Agency in Long Island have been rendered “completely destroyed” in the wake of Hurricane Joaquin.

Murder total hits new record

POLICE are investigating the circumstances surrounding the stabbing death of a 17-year-old youth on the weekend, which pushed the country’s murder toll to a record breaking 128 for the year.

Jobs may go after BEC deal

A TOP executive of PowerSecure, the American firm contracted to manage the Bahamas Electricity Corporation, said there could “potentially be a reduction” in workforce in the coming months as officials seek to reorganise staff under the operations of the new Bahamas Power & Light Company Ltd (BPL).

Gov’t urged: ‘Force’ Baha Mar’s auction

An ex-Baha Mar director yesterday urged the Government “to force” the Chinese to auction the $3.5 billion project off to the highest bidder, adding: ‘Gentle nudging ain’t working.”

UPDATED: Valley Boys win Boxing Day Junkanoo Parade (with photo gallery)

THE Valley Boys were declared winners of the 2015 Boxing Day Junkanoo Parade after rushing to Bay Street amid cheers early Saturday morning under the theme “Love, Happiness and Peace”.

Mitchell to Sarkis: Conform or leave

FOREIGN Affairs and Immigration Minister Fred Mitchell yesterday continued his public recrimination of Baha Mar CEO Sarkis Izmirlian, saying an invitation should be extended to the developer “to consider making the appropriate steps to live elsewhere” if he cannot conform with the expected conduct of “economic guests.”

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