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Grand Bahama Shipyard hires three young Bahamian professionals
FREEPORT – The Grand Bahama Shipyard renewed their commitment to hiring skilled Bahamians by employing three young Bahamian professionals in permanent positions.
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Contractor 'grind' over Baha Mar pay delays
Bahamian contractors yesterday disclosed it was “a grind” to obtain timely payment for work done on the $3.5 billion Baha Mar project, with waits up to 90-120 days hitting cash flow and eating into already-thin profit margins.
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Baha Mar creditors: Over 90 per cent to be paid
Baha Mar’s secured creditor agreed to fund the $3.5 billion project’s completion because potential purchasers have told it they will not buy an unfinished mega resort, with more than 90 per cent of local creditors set to be paid.
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Cruise port's chair eyes 'missing 10%'
The chair of Nassau Cruise Port's ultimate parent says he is "90 percent-plus satisfied" with its $322.5m transformation as he waits to see it drive increased visitor spend and more passengers exiting their vessels.
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90% of farmers 'disenfranchised' on land holdings
Almost 90 per cent of Bahamian farmers are effectively ‘disenfranchised’ because they do not own the land they use, a senior agricultural expert yesterday calling for a strategic plan to develop the industry rather than “the regular ad-hoc approach”.
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'Deer in headlights' on $1.5bn debt increase
Fiscal watchdogs yesterday warned The Bahamas' debt-to-GDP ratio must "be upwards of 90 percent" after Central Bank data revealed the Government's direct debt rose by $1.5bn in just 12 months.
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Labour chief asserts whimper greeted COVID furlough end
The COVID furlough period’s end sparked very few worker terminations, the Government’s top labour official is asserting, with Nassau Cruise Port’s need for 250 construction workers “a good indicator” of the economy’s growing revival.
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Cut 'terrifying' bad loan rate by over 50%
The Central Bank’s governor wants to further cut the “terrifying” 8.7 percent loan delinquency rate by more than half despite it having fallen to its lowest level in a decade.While describing the consistent decline in non-performing bank loans as “ve
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Read it before you eat it
When you are considering the purchase of a new appliance or new car, do you just pick one off the shelf or from the car lot and buy it? Most likely not.Typically, consumers want to know what is the best appliance or vehicle to suit their needs. For e
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Baha Mar focuses on completion amid speculation by travel site
BAHA MAR officials would not respond directly to international reports that a travel industry insider was told by unnamed representatives of the resort that it would open in late August or September.
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Officials recommend radar installation for Freeport airport
CIVIL aviation officials have 90 days to respond to the safety recommendations issued by the Air Accident Investigation and Prevention Unit of the Civil Aviation Department following its analysis of the November plane crash in Grand Bahama that killed nine people on their way to a global leadership conference hosted by Bahamas Faith Ministries (BFM).
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Relief in a leaf
By Dr Betty Adderley
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Hurricane relief concessions extended ‘on a case-by-case basis’
ALTHOUGH the government’s storm relief exigency order has expired, Hurricane Joaquin victims can still apply for concessions through the National Emergency Management Agency, according to agency Director Captain Stephen Russell.
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Doubling fisheries exports is 'most insane concept'
AN environmental activist has branded a Cabinet minster’s call for the Bahamas to double its annual fisheries exports as “the most insane concept”, calling for him to instead focus on curbing poaching.Sam Duncombe, reEarth’s president, told Tribune B
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Nassau’s airport in US PreCheck first
The Bahamas’ main aviation gateway has been selected as the first airport outside the US to run a 90-day “pilot” for fast-tracking security clearance for returning American travellers.
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Cable to repay $30m-plus debt
Cable Bahamas yesterday confirmed it has moved into the second stage of its balance sheet restructuring by unveiling the early redemption of $30m-plus in preference shares.
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25,000 still without measles vaccination
AS many as 25,000 people have no vaccination coverage for the highly infectious measles disease, Health Minister Dr Duane Sands said yesterday.The public’s vaccination rate remains at about 89 to 90 percent, but it could be better, the minister told
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