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‘Worryingly low’ graduation’s blow to high-value economy
The Bahamas’ ability to develop high-value industries and diversify its economy are impaired by “worryingly low” graduation rates at its sole university with just 7 percent of students studying science and technology-related courses.
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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.
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Commission defends process to select judiciary
THE Judicial and Legal Service Commission has defended the process behind the selection of newly appointed judges and magistrates. After the JLSC announced the appointments in May, there was criticism and speculation in some quarters.
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BISX-listed Fund ‘stabilises’ with commitments for $8m
The BISX-listed Bahamas Property Fund has “stabilised” occupancies and rental rates at its flagship property “for the first time” in almost a decade amid expectations its current $8m capital raise will be fully subscribed.
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French Leave developers eye 'quiet opening' in November
DEVELOPERS behind Eleuthera’s French Leave Resort and Marina say that they hope to have a “quiet opening” this November with the launch of four cottages and several amenities, adding that investment in the project to-date was approaching $8m.
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Collie: It’s time to ring the bell
FREE National Movement Chairman Sidney Collie yesterday urged Prime Minister Perry Christie to “ring the bell,” insisting that voter registration numbers now indicate that the electorate is “ready and prepared to make their choice.”
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Non-profit sector ‘lucrative’ area for financial services
A well-known QC has backed the Government’s decision to spend more time in getting non-profit regulation right, describing the sector as a “lucrative practice” for the financial services industry.
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Bannister: Public education campaign undermines referendum
FORMER Education Minister Desmond Bannister yesterday accused the government of undermining the success of the gender equality referendum through its myopic approach to public education.
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BASRA appeals for duty exemption on boating safety equipment
AFTER seeing so many lives needlessly lost at sea, a Grand Bahama BASRA official is calling on government to allow for safety equipment to be imported duty free for Bahamian boaters.
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Nassau's tourism arrivals see 99% September drop
Tourism arrivals almost totally dried up in September 2020 due to COVID-19 lockdowns and border restrictions, falling by 98.6 percent against a prior year comparative that contained Hurricane Dorian.
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Buddy equals season high in scoring but 1-9 Pelicans continue to struggle
BUDDY Hield equalled his season high in scoring, but his New Orleans Pelicans continue to struggle with just a single win on the season thus far.
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Wage deduction ‘shock therpay’ poorly timed
The Government’s salary deduction cap “shock therapy” is long overdue but ill-timed, as it potentially threatens the still-fragile economic recovery.
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World Relays a ticket to paradise
WHEN Pauline Davis Thompson celebrated her relay team’s gold-winning performance at the 2000 Olympic Games, she didn’t believe her home country would host a major athletic event in her lifetime.
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My thanks to an inspiring Knight
Bastian pays tribute to Mr Denis Knight.
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Cruise port targeting $40m yearly revenue
Nassau Cruise Port will generate up to $40m in annual operating revenues from 2023 onwards, it has been revealed, with next year’s passenger volumes forecast to hit a record high by breaching the four million mark.
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$55m project: 'At least 60%' spent' with Bahamians
A $55 million, three-phase western New Providence real estate development yesterday said "at least 60 per cent" of its total investment had been injected into the Bahamian economy, with its final stage one of the few to buck the recession.
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Central Bank asked Gov't for $400m 'reserves boost'
The Central Bank of the Bahamas asked the Government to undertake $400 million worth of foreign currency borrowing this fiscal year to alleviate concerns over a “steady decline” in external reserves.
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Exemption elimination saves Super Value $7m
Super Value’s owner yesterday confirmed the decision to ‘exempt’ no goods from Value-Added Tax (VAT) would save his company $5-$7 million in extra costs per annum, with the sector’s “biggest objection” to the new tax now removed.
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Sports in brief
THE Junior Baseball League of Nassau is slated to host its first US Embassy/JBLN/MLB Baseball Skills Clinic October 30 to November 2 at the St Andrew’s Field of Dreams.
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McPhee-McCuin looks to build on last year’s success
WITH a new contract signed, Grand Bahamian Yolett McPhee-McCuin is looking forward to building on the success of last year by her University of Mississippi Lady Rebels.
