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CIBC's $100,000 gift to hurricane relief
RELIEF and recovery efforts for those most affected by Hurricane Matthew received another boost yesterday with a $100,000 donation from CIBC FirstCaribbean to the Bahamas Disaster Relief Fund.
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.
‘Farcical’: Govt picks up ‘entire’ $40m BOB issue
Bank of the Bahamas’ 3,000 minority shareholders have demonstrated their “complete lack of confidence” in the bank after forcing the Government to pick up its “entire” $40 million rights offering.
Andros store comes to aid of island residents
NORTH Andros Automotive Parts Store (NAAPS) has donated over 100 care packages to the island’s less mobile residents, pensioners and families who were badly affected by Hurricane Matthew.
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.
Bahamas urged to ‘review’ corporate income tax merits
The Bahamas was yesterday urged to examine the benefits of implementing a ‘low rate’ corporate tax, and whether this would unlock potential “benefits” from double taxation agreements.
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.
GIANTS TOP THE CYBOTS 97-87
AFTER getting off to a great start in their season opener, the defending champions Mail Boat Cybots suffered a humbling defeat to their arch-rivals Commonwealth Bank Giants at the AF Adderley Gymnasium on Saturday night.
Govt raises permanent residency mark to $1m
A top realtor yesterday hailed as “a positive move” the Government’s decision to increase the permanent residency investment threshold to $1 million, saying this would help to redefine the type of clientele the Bahmaas attracts.
TECH TALK
• LG IS stepping up its Android game, beginning the rollout of Android 7.0 Nougat to the G5 smartphone yesterday.
PM urged: ‘Put your foot down’ on BOB woes
Bank of the Bahamas was yesterday slammed for its latest failure to make timely disclosure to shareholders, having failed to provide the market with the outcome of its $40 million rights issue since it closed two months ago.
EDITORIAL: Bahamian minnows swim with the sharks
TENNYSON Wells, who could see only the financial gain, not the destruction of long line fishing to our fisheries when he was Agriculture Minister in the early nineties, seems to take the same view of the controversial $2.1 billion proposal to invite the People’s Republic of China to partner with Bahamians in our fishing industry. To facilitate this the Bahamas government pledged the lease of 10,000 acres of Crown Land at Andros for the venture.
TOUGH CALL: What the Chinese fishing proposal means for The Bahamas
A firestorm erupted last week over leaked reports that the Christie administration was in talks to hand over farming and fishing rights to the Chinese.
$200m GB cruise port beneficial if ‘balanced’
East Grand Bahama’s MP said yesterday that the $200 million Carnival cruise port for his constituency will boost the economy, provided the deal is balanced and Bahamians are the net beneficiaries.
Solomon’s celebrates customers in a healthy way
In celebration of the 26th anniversary of Solomon’s Super Centre, staff at the food store hosted their fourth health fair as a way to “give back” to its loyal customers.
Employment may ‘slightly improve’ after Matthew
The Central Bank of the Bahamas yesterday gave a mixed short-term outlook for the Bahamian economy post-Hurricane Matthew, predicting that employment may “slightly improve” even though the tourism industry will be “below trend” in the Christmas run-up.
Key industries to get ‘more flexibility’ on foreign capital access
Certain industries will be given “more flexibility” than others to raise financing from foreign sources should the Central Bank’s latest proposed exchange control relaxations be approved, its Governor said yesterday.
Central Bank eyes giving firms access to foreign finance
The Central Bank of the Bahamas is eyeing further exchange control liberalisation measures that would allow Bahamian companies to obtain capital and financing overseas, in a bid to improve credit access.
SANNIE VS RENALDO: NFL Picks Week 9
SANNIE: Are you guys as excited for the season premiere of Real Housewives of Altanta like I am? No? Well you should be, this season is going to be fire.
Arawak port beats profit forecast 23%
The Nassau Container Port’s (NCP) operator has beaten its own profit forecast for the 2016 financial year by 23 per cent, with higher-than-projected auto imports enabling it to mitigate the fall-off in Baha Mar volumes.
