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Gov't, Central Bank 'sceptical' over interest rate cut boost
The Government and Central Bank are “sceptical” that further interest rate cuts will boost commercial bank lending, with private consumption by Bahamians having “declined for the fifth consecutive year”.
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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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NPBA: Giants and Regulators on collision course for big showdown
THE Commonwealth Bank Giants and Mr Ship It Freight Regulators are on a collision course for a big showdown in the John Archer Division of the New Providence Basketball Association’s 2017 postseason.
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Business ‘support’ for minimum wage rise
Private sector support for increasing the minimum wage is growing, a leading executive says, although it wants a free labour market to still “rein” in the Bahamas.
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Baha Mar to hit $48.2m milestone this week
BAHA MAR executives believe they will this week unlock the Government’s $48.2 million contribution to Cable Beach infrastructure works when the third, and final, stage of the casino hotel reaches 100 feet above grade.
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Ex-BPL worker loses $6k over ‘lewd’ dismissal
An ex-Bahamas Power & Light (BPL) employee has been stripped of the $6,068 she was awarded after being terminated for “lewd sexual activity” while working in the utility’s cashier cage.
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RBC racing to replace card amid fraud fears
Royal Bank of Canada (RBC) last night said it was racing to replace its “magnetic strip” debit cards in The Bahamas after fears were raised that they are vulnerable to fraud.
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Drinks producer’s lime ‘nightmare’
A Bahamian beverage producer has been forced by the “ridiculously” high cost of limes to instead use concentrate in his ‘Switcha’ product line, saying: “It was a matter of survival.”
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Change of routes in drug trafficking
NATIONAL Security Minister Wayne Munroe says officials have noticed new drug trafficking trends with smugglers using different routes than seen in past.
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Gov’t unveils $1m grant to boost ‘food security’
The Small Business Development Centre (SBDC) yesterday received $1m in grant funding that will be distributed between small and medium-sized businesses to boost Bahamian “food security”.
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COP: murders up 27 percent over last year
POLICE Commissioner Clayton Fernander provided statistics yesterday showing murders are up 27 percent, while armed robberies have declined by 43 percent.
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Tourism figures
We have visited The Bahamas for fifty years and our family has owned a holiday property for a long time.
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Produce Exchange moves for upgrade
The Potter’s Cay Dock Produce Exchange is being temporarily relocated as part of a $20,000 refurbishment designed to alleviate health concerns that have existed since Hurricane Matthew. The Bahamas Agricultural and Industrial Corporation (BAIC) conf
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Quality and costs key for tourism in fourth quarter
THE country’s major resorts are looking to a “healthy” fourth quarter, having witnessed positive gains over the first six months of the year. Carlton Russell, the Bahamas Hotel and Tourism Association’s (BHTA) president, speaking on the sidelines of
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UPDATED: Power being restored after major outage
AT 8:35pm Friday night as Bahamas Power and Light technicians were about 70 percent along in the process of bringing the island back from an island-wide blackout, there was a major setback. The system encountered a secondary problem, which by 8:52 pm, had been isolated.
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BISX announces three new funds
THE Bahamas International Securities Exchange (BISX) announced that three new investment funds sponsored by Witherbotham Trust Company Ltd, along with one with sub-fund, have successfully completed the BISX mutual fund listing process and have been l
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Minister optimistic on growing employment
A Cabinet minister yesterday said he is optimistic that more Bahamians are being recalled to work ahead of the furlough period’s December 13 end.
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‘Buddy’ Hield scores 19 in loss to Jazz
NBA star Chavano “Buddy” Hield scored 19 points, jawing with Donovan Mitchell, but it wasn’t enough as the Utah Jazz prevailed with the victory in Salt Lake City, Utah, last night.
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SCRAP METAL REGULATIONS PUBLICATION TO COME SOON
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net AMENDMENTS to the Customs Management Bill which are expected to provide for oversight of the scrap metal industry, are expected to be gazetted soon, the Minister the Environment tol
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Tourists ‘would be able to buy lotto tickets’ if gambling is legalised
A regulated web-shop industry and the creation of a national lottery could become tourism attractions for the country and sources of revenue, according to Tourism Minister Obie Wilchcombe.
