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Dorian blows away 2,500 tourism jobs
Some 2,500 tourism jobs, which supported more than 10,000 family members, were blown away by Hurricane Dorian it was revealed yesterday.The category five storm’s impact on employment levels in The Bahamas’ largest private sector industry was exposed
‘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.
Debt-to-GDP lowered by a fifth, reports govt
PRIME Minister Philip “Brave” Davis commended his administration’s fiscal performance compared to that of the former administration’s pre-pandemic levels, telling the Opposition: “There is a reason why we are here and you there.”
Water Corp needs 'top up' to $20m subsidies
Water Corp needs 'top up' to $20m subsidies By NEIL HARTNELL Tribune Business Editor The Water & Sewerage Corporation will "definitely need" an increase to the existing $20 million taxpayer subsidy allocated to it for the 2011-2012 fiscal year, its gene
BPC director blasts 'preposterous' action
A Bahamas Petroleum Company (BPC) director yesterday slammed "preposterous" environmental activists for seeking to block this nation from discovering whether it has natural resources to exploit.
Web shops facing taxation 'wipe out'
Sebas Bastian yesterday warned web shops face a “wipe out” from tax increases of up to 355 percent, as the sector accused the government of deliberately seeking to “cripple” it.The Island Luck chief confirmed to Tribune Business that he, and other op
'How could I compete' against 7 cents power?
A Bahamian businessman yesterday questioned “how am I supposed to compete” against foreign rivals whose all-in electricity costs are almost two-thirds lower than BPL’s fuel charge.Robert Myers, who also heads the Organisation for Responsible Governan
Govt ‘strained’ by first non-profit bill
The Government would have placed increased “financial strain” upon itself had it gone through with the initial Non-Profit Organisations Bill version, sector representatives warned.
Web shop tax hikes ‘in our best interests’
The web shop industry tax hikes are in “the best interests of the Bahamian people” due to the social costs the sector imposes, a Cabinet minister argued yesterday.
Warning of lower growth than forecast
The International Monetary Fund (IMF) yesterday slashed its 2013 economic growth forecast for the Bahamas by 80 basis points, prompting an Opposition MP to urge: “We have to find new ways to grow this economy.”
Hopes that 60,000 can be fully vaccinated over the next six weeks
THE National COVID-19 Vaccine Consultative Committee is seeking to fully vaccinate 60,000 Bahamians and residents over the next six weeks, with the addition of the Pfizer and Johnson & Johnson vaccines.
‘Be careful at holidays as murder rate soars’
AN activist has called on residents to be careful this holiday season due to the country’s escalating murder count, saying people have stopped valuing the lives of others.
Atlantis gains court bar on union action
Atlantis last night obtained an emergency injunction to prevent further industrial action by the hotel union following yesterday’s picketing that hit an industry trying to rise from its “knees” post-Dorian. Tribune Business understands that the Supr
50 migrants held at Half Moon Cay
FIFTY illegal migrants were apprehended by law enforcement officials near Cat Island yesterday morning, according to the Royal Bahamas Defense Force (RBDF).
Retailer’s 82% sales fall Bazaar ‘deja vu’
A veteran Freeport retailer says he is suffering International Bazaar “deja vu” with sales across his two Lucaya-area stores down 82 per cent since Hurricane Matthew.
Minister praises ‘Fishing for a Future Project’
AGRICULTURE and Marine Resources Minister V Alfred Gray yesterday cheered steps taken by the “Fishing For a Future Project” to develop disadvantaged youth into capable seamen.
Financial sector hit by ‘foot in mouth disease’
A Cabinet Minister yesterday asserted that the Bahamian financial services industry was “not dead”, and said too many were guilty of talking down its prospects.
250 jobs to come in Exuma project
A new $500m project for Exuma promises to boost that island’s tourism and spark significant job growth.
UB's head athletic trainer Sasha Johnson certified in dry needling
UB Athletics head athletic trainer Sasha Johnson was recently certified in the sports medicine process of dry needling at the Institute of Athlete Regeneration in Houston, Texas, as a part of the department’s ongoing programme of excellence. Dry nee
Grand Bahama pig farm being held up over bureaucratic process
THE developer behind a major pig farm project in Grand Bahama says it is being held up by bureaucratic licensing and registration.
