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Exchange controls relaxation pressure ‘not unmanageable’
THE Central Bank yesterday said the latest exchange control relaxations will “not pose unmanageable pressures”, as it moved to ease the import burden for merchants.
Govt urged to clarify $1m residency threshold
The Government was last night urged to clarify whether the new $1 million investment threshold for accelerated permanent residency consideration represented an increase or decrease from the previous benchmark.
Energy plan revealed as candidates ratified
WHILE officially launching three of his party’s final six New Providence candidates last night, Free National Movement Leader Dr Hubert Minnis revealed his plans to tackle energy reform in the country through the implementation of a national solar power initiative.
Union ready to fight if BTC cuts back on jobs
PRESIDENT of the Bahamas Communications and Public Officers Union Bernard Evans said yesterday that any job redundancies at BTC linked to projected losses as a result of the entry of mobile competitor Aliv will not be accepted by workers.
UB Mingoes bounce back, get revenge in 7-0 shutout of Suns
IN their quest to gain entry into the National Association of Intercollegiate Athletics (NAIA) Sun Belt Conference, the University of the Bahamas Mingoes took their first trip to Florida to play against some of the teams they possibly face if accepte
D’Aguilar: We will be flexible
TOURISM and Aviation Minister Dionisio D’Aguilar said the government will be flexible with web shop taxes, adjusting its new sliding scale scheme if it proves too onerous.
Grand Bahama 'the gun capital of The Bahamas'
GRAND Bahama, in addition to be being the industrial capital, is being called “the gun capital” of The Bahamas in terms of firearm violence and shootings in the country, Health Minister Dr Duane Sands revealed in the House of Assembly yesterday.Dr S
Baseball Nationals: Decision made on the final outcome
RATHER than playing it out on the field, the Bahamas Baseball Association decided to go to the rules book to decide the final outcome of the remaining games not completed in the Andre Rodgers National Baseball Championships that was held over the wee
COB clerk guilty of $640k theft
FORMER College of the Bahamas employee Chimeka Gibbs was unanimously convicted by a Supreme Court jury yesterday for stealing over $600,000 from the college over a seven-year period.
AML Foods in deal over one Carl's Jr site
AML Foods has agreed to sell the equipment, and assign the lease, for its former Carl’s Jr site on Carmichael Road as it winds down a unit that generated a near-$1.5m loss in its final year.The BISX-listed food retail and franchise group, in its annu
Bennet Davis announces his retirement
National team forward Bennet Davis has announced that he will retire from professional basketball after an 11-year career which spanned 10 countries across the globe.
Surplus bank funds breach $2bn barrier
Bahamian commercial banks had more than $2bn in funds they were unable to find qualified borrowers for at end-April 2018, it was revealed yesterday.The Central Bank of The Bahamas’ monthly report for the month, published yesterday, disclosed that exc
IAN FERGUSON: Don’t be too retiring about ‘golden years’
MANY employees are making the mistake of taking too long to prepare for retirement. After working diligently for more than 30 years, you should set yourself up financially for your golden years. The last 12 months before you call it ‘a day’ are especially critical to putting your retirement on a prosperous path. It is time to get your portfolio, health care and other finances in order so you can enjoy your new life. Here is short checklist of what each employee can do to prepare for the inevitable.
Irma to widen deficit by $44m
HURRICANE Irma-related reconstruction is expected to widen the 2017-2018 fiscal deficit by $44 million, the Inter-American Development Bank (IDB) has warned.The multilateral lending institution, in its assessment of the economic loss and damages infl
Gardiner breaks 200m national record in Miami
GOLD Coast, Australia: He's not here as a member of Team Bahamas for the XXI Commonwealth Games, but Steven Gardiner made his own headlines in Miami, Florida on Saturday.
Post Office's woes solved by year-end
THE Post Office’s woes should be resolved by year-end, a Cabinet minister forecast yesterday, while admitting that the site for its proposed relocation requires renovations “above and beyond” what was expected.Renward Wells, minister of transport and
CONCACAF U-15 SOCCER: Bahamas girls suffer 3-2 loss to Guyana
THE Bahamas suffered a heartbreaking loss yesterday and remained winless at the Confederation of North, Central America and Caribbean Association Football (CONCACAF) Girls’ Under-15 Championship.The Bahamas surrendered a second-half lead to Guyana in
100 small GB firms to get grants to restart business
ABOUT 100 small and medium-sized businesses on Grand Bahama will receive grants to help restart their businesses through the RISE Grant Initiative – a joint programme established by the Grand Bahama Port Authority and Mercy Corps.A workshop was launc
$250m transformation from 'break even' port
A Cabinet minister yesterday described Nassau’s cruise port as a “break even operation” as Parliament debated legislation to facilitate its $250m transformation.Renward Wells, minister for transport and local government, said the Harbour Dues Amendme
KEEP IT ILLEGAL: Christian Council key official rejects opening door to legal cannabis
A leading Christian Council official advising the body on its position on marijuana has come out against legalising the recreational use of the drug.
