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$20m housing financing ‘shouldn’t be secret deal’
The Opposition’s finance spokesman was yesterday less than impressed with the Government’s efforts at “transparency” over its flagship $20m housing initiative, asserting: “This should not be a secret deal.”
Union chief: ‘We’ve been taken for a ride too long’
The hotel union’s president says it is “diametrically opposed” to the industry’s proposal that tipped employees receive less than a full minimum wage increase, saying: “We’ve been taken for a ride for too long.”
Bahamas ready to host Dominican Republic
WHILE the men’s national basketball team is preparing to play the US Virgin Islands tonight, the focus will be on their home game on Monday night against the Dominican Republic at the Baha Mar resort.
DevCO slams concrete maker over ‘gross underperformance’
The Grand Bahama Development Company (DevCO) has accused a concrete manufacturer or “gross contractual underperformance” and asserted that it cannot continue to grant it an aggregate monopoly that excludes local rivals.
Six week closure to ease 'tremendous Wyndham Pressure'
Baha Mar yesterday said its six-week temporary closure of the Wyndham Nassau Resort and Crystal Palace Casino at the tourism cycle’s “lowest point”, a move impacting around 1,000 employees, will alleviate the “tremendous pressure” caused by underperforming business levels and nearby construction.
Pastors calling for all gambling to be outlawed
AS the Bahamas Christian Council hits out at the government for rushing a gambling referendum, some local pastors are taking it one step further and calling for all gambling participation – including the participation of tourists in casinos – to be outlawed.
Playground politics
THE Progressive Liberal Party attacked the former government’s performance with great success in the run-up to the election. But now that they hold the reigns, Christie and Co find themselves reverting to schoolyard tactics in an attempt to justify adopting some of the very actions they condemned. Insight reports...
'Pioneer' targets logistics, light manufacturing
A Nassau businessman yesterday said his Freeport-based venture was in talks to expand into the logistics and light manufacturing sectors, moves that could more than double staff numbers and “double” the projected $10-$12 million annual sales from its already-operating distribution business.
Buena Vista distillery still targets 150k visitors
THE Buena Vista Estate and micro rum distillery remains on track for a Christmas 2012 opening with its warehouse now 70 per constructed, the project's principals telling Tribune Business yesterday that they were still holding to "conservative" forecast of 150,000 visitors during its first full year.
'Can URCA approve Cable's 27% price rise in Freeport?'
Questions were yesterday raised over whether the Utilities Regulation and Competition Authority (URCA) could approve a 27 per cent rise in Cable Bahamas’ SuperBasic price in Freeport, given that a 2011 Supreme Court ruling found the regulator could not levy fees on the company’s Internet earnings in that city.
National Basketball Championships begin
The return of the Bahamas Basketball Federation’s National Basketball Championships saw the New Providence champions Giants produce mixed results as competition in the weekend tournament got underway at the Kendal Isaacs Gymnasium.
Tourism ‘doesn’t need any more’ air fare fees
The Bahamas must work with the airline industry “to put a ceiling” on travel costs to the destination, a senior hotelier is asserting, as this nation “doesn’t need any more taxes” included in ticket prices.
St George’s Jaguars beat Temple Christian Academy Suns, 50-34
VISITING TEAMS MAKE THEIR PRESENCE FELT ON DAY 3
THE intensity level at the 36th edition of the prestigious Hugh Campbell Basketball Classic for senior boys increased yesterday at the Kendal Isaacs Gymnasium as the visiting teams outside of New Providence made their presence felt during their first day of competition.
FTX’s fall ‘won’t ruin’ high-end real estate
Bahamian realtors believe the FTX crypto currency exchange’s implosion will not “ruin” western New Providence’s high-end property market as bargain hunters start to circle its $74m worth of holdings.
Food price control negotiations silent
Negotiations with the Government over expanding price controls on the Bahamian food distribution industry have gone silent for more than two weeks much to the sector’s relief.
Staniel Cay owner to seek ‘major damages’ over halt
A Staniel Cay homeowner yesterday said he is “ready for anything” and plans to seek “significant damages” from fellow residents after the Judicial Review challenge to his property’s construction was dismissed.
Criteria for Legends Walk of Fame under scrutiny
THE criteria and selection process for the National Walk of Fame has recently come under scrutiny following the latest additions to the list of honourees.
Fair share: Hotel rental unit tax not in effect yet
A key Budget measure designed to ensure hotel rental pool units pay their fair share of taxation has yet to be implemented amid the wait for legislation to give it lawful effect.
Project fills ‘10-year void’ for upper middle housing
A south-west New Providence development was yesterday said to be filling a “ten-year void” in the middle class housing market after clinching $13m in lot sales during its first three months.
Darvinique Red-Line Athletics’ Most Outstanding Athlete
HURDLES specialist Darvinique Dean emerged on top of the class of 2023 as the Red-Line Athletics’ Most Outstanding Athlete.