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Gov’t must strike balance for private sector’s growth

Economic prosperity is a multi-faceted concept that does not solely rely on market forces. Instead, it is a synergy between various elements, and at the heart of this synergy lies the Government. While governments are often associated with regulation and bureaucracy, their impact on economic growth goes far beyond. In this segment, we will explore how governments play a crucial role in facilitating economic growth and improving the overall well-being of their citizens.

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Clubs & Societies: September 29, 2023

On Monday, September 8, the Kiwanis Club of Over-The-Hill continued its annual scholarship donation of $2,000 to BTVI’s scholarship fund. Initially, our focus was the Old Bight High School graduates and active Key Club members on Cat Island. We have since opened the scholarship to any eligible Family Island High School graduates.

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Corporate income tax for Bahamas ‘mammoth task’

A leading Bermuda accountant yesterday warned The Bahamas that implementing a corporate income tax regime is a “mammoth task” that should not be underestimated.

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BJ Murray and Smokies win championship title

THIRD baseman BJ Murray celebrated his second straight Minor League baseball title, this time with his Tennessee Smokies after they captured the Double-A Southern League championship title on Tuesday night.

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Abaco resort eyes ‘break even’ 5% rate increase

The Bahamas Out Island Promotion Board’s president yesterday said his hotel will likely have to increase rates by “another 5 percent” in 2024 to break even with fellow hoteliers revealing that soaring light bills “are just killing us”.

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‘Golden Girl’ Pauline presents book to Dame Marguerite Pindling

AS they reflect on their humble beginnings as one “barefoot girl” to another, Golden Girl Pauline Davis presented her award winning book “Running Sideways” to former Governor General Dame Marguerite Pindling. Davis, 57, presented the book to Pindling, 91, during a courtesy call at the wife of the first Prime Minister of the Commonwealth of the Bahamas, Sir Lynden Pindling, at her home on Skyline Drive on Tuesday.

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British Colonial receives 400 manager applicants

Some 400 persons yesterday applied for managerial posts at the re-opening British Colonial with the property targeting a workforce that is 95 percent Bahamian.

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ALICIA WALLACE: Government ‘unserious’ on gender policy progress

THE national gender policy has been on the shelf for years. It was first drafted more than a decade ago, and last updated in 2018.

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BPL ‘stranglehold’: Business battles up to 100% bill rises

Soaring Bahamas Power & Light (BPL) bills were yesterday said to be imposing “a stranglehold” on commerce with multiple businesses struggling to survive up to 100 percent year-over-year increases in their energy costs.

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Dame Marguerite Pindling says ‘Wilchcombe was in a class all by himself’

FORMER Governor General Dame Marguerite Pindling said she will forever be indebted to former Minister of Social Services, Information and Broadcasting Obediah Hercules Wilchcombe, who died on Monday.

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Political implications for West GB

From the outset I would like to extend sincere condolences to the family of the late West End and Bimini MP Obie Wilchcombe. His death is a grim reminder of the uncertainty and brevity of life on this side of eternity and the importance of living each day as if it would be our last, with our focus on the Lord Jesus Christ

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'White hot' Cable Beach development 85% sold

A high-rise Cable Beach development was yesterday branded "white hot" with 85 percent of its first-phase units already sold even though its construction will only be completed in 2024.

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PETER YOUNG: This year’s UN General Assembly reveals increasingly multi-polar world

IN previous columns I have drawn attention to the gradual increase of world summit meetings in recent years. But there is, of course, nothing to compare with the UN General Assembly (UNGA) which is the important gathering in New York of its 193 nations annually in September. It claims to provide a unique forum for multilateral discussion of the full spectrum of international issues covered by the Charter of the United Nations, though there are also opportunities for bilateral meetings between individual countries.

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BJ Murray, Smokies take 1-0 lead in series

After sweeping the Chattanooga Lookouts in their best-of-three playoffs last week, Bahamian third baseman BJ Murray and the Tennessee Smokies moved one away from duplicating the feat in the Minor League Baseball’s Double A Southern League Championships.

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URCA seeks to shorten reconnection time

THE Utilities Regulation and Competition Authority wants to shorten the time communications service providers have to reconnect the services of people who are wrongfully disconnected or were disconnected because of non-payment.

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Total visitor arrivals up 30% though stopovers still trail

The Ministry of Tourism's top official yesterday said total visitor arrivals to The Bahamas are 30 percent ahead of their pre-COVID record through to end-July although stopover visitors are still trailing slightly.

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RBC chief pledges company account opening upgrades

Royal Bank of Canada's (RBC) top Bahamas executive yesterday pledged to address the challenges encountered by Family Island business clients when it comes to opening corporate bank accounts.

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‘Structural vulnerabilities’ weigh on robust growth

Standard & Poor’s (S&P) yesterday forecast Bahamian economic growth for 2024 will fall back to historical trends at 1.8 percent as it warned that such levels, together with “structural vulnerabilities”, weigh on improved credit ratings.

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Team Bahamas falls 6-1 to Grenada in CONCACAF ‘Road to Gold Cup’ opener

THE Bahamas’ senior women’s national football team went down 6-1 to Grenada in game one of the Confederation of North, Central American and Caribbean Association Football (CONCACAF) Women’s Road to Gold Cup.