NIB’s $240m loss at COVID’s peak
COVID-19 has left the National Insurance Board (NIB) facing an “uphill lift” to recovery after plunging the nation’s social security system into a $240m loss at the pandemic’s peak.
Gov’t and Opposition fight on GDP growth
THE Government and Opposition yesterday battled over what real GDP growth that fell below expectations for 2023 means for The Bahamas’ short-term economic prospects.
Bahamas approved for $60m ‘blue economy’ credit facility
THE Bahamas is gaining access to a $60m credit line targeted at micro, small and medium-sized businesses (MSMEs) in the so-called ‘blue economy’ in a bid to boost sustainable development.
GB $15m solar project in end-April commissioning
THE contractor charged with building and operating a $15m utility-scale solar project on Grand Bahama yesterday said the site will be commissioned at end-April 2024.
‘Stress’ will stop business from joining apprenticeship scheme
THE private sector is dealing with too much “stress” to participate in the National Apprenticeship Programme, said former Prime Minister Dr Hubert Minnis yesterday.
PI crown land battle will go to privy council
THE Bahamian entrepreneur aiming to restore Paradise Island’s lighthouse has “every confidence we will succeed” as he bids to take his long-running battle with the Government before the Privy Council.
Bahamasair teams with TSA for faster security screening
Bahamasair says it has partnered with the Transportation Security Administration (TSA) to provide more efficient and seamless security processing for passengers flying to and from the US.
FOCOL targets wide growth in ‘preparing for the next 50 years’
FOCOL Holdings’ top executive last night said it is targeting growth “in every sector of our business”, including gas stations and electricity generation, and added: “We’re preparing for the next 50 years.”
Artists urged to make mark in downtown mural project
Bahamian artists are being encouraged to make their mark on downtown Nassau’s revival by creating murals that will upgrade the area’s appearance and highlight this nation’s culture.
Resorts ‘meet or exceed’ Easter tourism targets
Bahamian resorts were yesterday said to have met or exceeded their Easter performance targets and are expecting a strong 2024 second quarter.
Bahamian wedding planner receives global appointment
A Bahamian destination wedding planner has been appointed as industry advancement director of the Certified Wedding Planners (CWP) Society.
Bakery reveals record Easter hot-cross sales
A Bahamian bakery yesterday revealed it enjoyed its best Easter to-date by selling just under 600 dozen homemade hot cross buns.
Bahamas and Cuba to battle on $90k cheque
A Supreme Court judge has ruled that the Bahamian and Cuban governments must battle to resolve a 24 year-old legal dispute over a $90,000 cheque.
Freeport real estate sees 25% surge before market ‘explodes’
Freeport property sales and rentals were yesterday said to have increased by 25 percent in recent months as buyers seek to enter the market before it “explodes” from $2bn worth of investment projects.
Gov’t eyes jet ski safety crackdown
The Government is eyeing a safety crackdown on jet ski operators that could result in the industry having to sign up to and abide by a ‘code of conduct’, it was revealed yesterday.
