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PM targets ‘top 50’ business ease rank
The Prime Minister yesterday said he was targeting a ‘top 50’ ranking for the Bahamas in the World Bank’s ‘ease of doing business’ index within five years, arguing that its current 106th spot does not reflect its capabilities and potential.
'Internal brain drain'costs Bahamas $3.5bn
The Bahamas is losing nearly $3.5 billion to the “internal brain drain” caused by low worker productivity, a well-known eye doctor yesterday arguing this was having a greater economic impact than the loss of 61 per cent of tertiary-educated Bahamians to jobs abroad.
QC tells the web shops: Form own credit union
A prominent QC has called on web shop gaming operators to establish their own credit union, as blasted the Canadian-owned banks’ refusal to accept the sector’s deposits as making “no sense whatsoever”.
NHI manager blasts sector’s ‘false division’
The National Health Insurance (NHI) project manager yesterday asserted that the primary care phase’s roll-out by early 2017 remains “reasonable”, while dismissing the “false division” between public and private health care providers in the Bahamas.
Relays give Atlantis 4,700 nights boost
The IAAF World Relays generated 4,700 occupied room nights for Atlantis, a Cabinet Minister said yesterday, with the event attracting more than 1,400 visitors to the Bahamas.
Union leader calls for Productivity Council
A leading trade unionist has called for the creation of a tripartite National Productivity Council, arguing that the Bahamian education was “designed for students to fail”.
LOI controversy firm’s ‘big chance’ to revive project
The company at the centre of the Letter of Intent (LoI) controversy over its proposed $650 million waste-to-energy plant yesterday said PowerSecure International’s selection as BEC manager gives it a “huge opportunity” to revive the project.
App founders target full mobile commerce
The founders of a recently-launched mobile application which provides one-click access to commercial, Government and non-profit organisation communication channels, aim to eventually offer full mobile commerce.
Bahamasair ‘concern’ on US-Cuba opening
BAHAMASAIR was yesterday monitoring the ‘opening of the skies’ between the US and Cuba, its managing director acknowledging: “We are concerned about it.”
FNM deputy questions Mortgage Relief ‘sense’
The Christie administration’s revised Mortgage Relief Plan does not make much sense “on the face of it”, according to the Opposition’s finance spokesman, who questioned what return the Government would get for its $20 million ‘investment’.
Long Island is ‘like nation’s step child’
Long Island feels “like the step child of the Bahamas”, its Chamber of Commerce president yesterday warning an absence of growth and infrastructure is forcing businesses to close down.
Mortgage Relief: 16%of targeted borrowers qualify
Some 16 per cent of troubled borrowers targeted by the Government’s revised Mortgage Relief Plan have been enrolled in the scheme, a Cabinet Minister yesterday saying it had already been “more successful” than the first version.
$8.3m contract to aid Road Traffic revenue
THE Government yesterday signed an $8.3 million contract to modernise the Road Traffic Department, as it bids to improve customer service and maximise revenue.
Baha Mar: No gratuity deal in 10 months
Baha Mar yesterday said it had been forced to cease the normal 15 per cent gratuity payments at the Meliá Nassau Beach Resort, after 10 months of negotiations failed to reach an agreement with the Bahamas Hotel, Catering and Allied Workers Union (BHCAWU) on a new arrangement.
Ex-Senator renews call for Bahamian industry ownership
Bahamians must have ownership of key economic sectors "from the top straight through the supply chain", a former FNM Senator is arguing, adding that this would protect the "haemorrhaging" foreign currency reserves.
Economist: Enterprises Bill $250k should be ‘bit higher’
THE Commercial Enterprises Bill’s $250,000 investment threshold should have been “a bit higher”, a University of the Bahamas economist argued yestrerday. Rupert Pinder, addressing the Rotary Club of West Nassau, said the $250,000 benchmark for foreign companies applying under the Bill did not match the level of incentives being granted.
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
Accountants facing US state challenges
The Bahamas Institute of Chartered Accountants (BICA) is in talks with the American Institute of Certified Public Accountants (AISPA) to resolve challenges encountered by members in maintaining their US State Board memberships, its president said yesterday.
MSC deal to give Bahamian company ‘widest ever smile’
The Bahamian leaseholder of Ocean Cay will have “the biggest smiles ever” as a result of the deal that will see Mediterranean Shipping Company (MSC) take over the island for its $100 million cruise port.
ICTs have ‘key role’ in sustainable development
Information and Communication Technologies (ICTs) have a “critical role” to play in ensuring sustainable development, the Utilities Regulation and Competition Authority’s (URCA) policy director believes.
