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Freeport private sector demands lockdown end
Freeport's private sector yesterday demanded the Government "cease and desist" from further business lockdowns amid fears The Bahamas will "die economically" unless it learns to live with COIVID-19. Some 184 Grand Bahama-based small business owners,
Lightbourn: PLP ‘luring’ unions with changes to labour laws
MONTAGU MP Richard Lightbourn yesterday accused the governing Progressive Liberal Party of attempting to “lure” labour unions and their members into supporting the party with amendments to legislation that governs employee relations weeks ahead of the impending general election.
Bahamas holding off debt cost pressures
The Bahamas was the only Caribbean nation in early April to escape pressure on its bond yields amid the COVID-19 pandemic, an Inter-American Development Bank (IDB) report revealed yesterday. The IDB, in its 2020 first quarter “bulletin” on the regio
Melinda keeps helping residents in Abaco
DESPITE having lost everything to Hurricane Dorian in early September, Abaco resident Melinda Pinder has never backed down when it comes to helping those in need within her community. The mother-of-two, who is no stranger to charity work, had been a
The world is changing and we must react
The boom and bust cycle of the global economy is well established. WTO says global trade has under performers with growth of 3% and is expected to decline in 2019 to 2.6 %. The IMF forecast a global slowdown for 2019. The United States (US) is the world’s largest economy in nominal GDP so I will focus mainly on the US in my analysis.
Caribbean rating agency entering Bahamas market
A Caribbean rating agency yesterday voiced optimism it can help Bahamian debt issuers raise capital at lower costs after being approved to offer its services in this nation.Wayne Dass, Caribbean Information and Credit Rating Services Limited (CariCRI
Transaction costs ‘slowing’ electronic payments switch
The costs associated with settling electronic transactions are “slowing the pace of change” in the Bahamian payments system, the Central Bank’s governor said yesterday.
Potter’s Cay behind schedule - but remains on $3m budget
TRANSPORT and Aviation Minister Glenys Hanna Martin yesterday said her ministry’s $3m Potter’s Cay redevelopment project remains on budget, but is slightly behind schedule as officials work to ensure “international port procedures” are in place throughout all new facilities in development at the site.
'Final touches' for Commonwealth Youth Games guests
WITH the Bahamas getting ready to host the biggest sporting event ever in just one week, Rommel Knowles, managing director of the CYG Association, said they are busy putting on the final touches for their guests.
$377m investment for BPL’s LNG conversion
A total $377.4 million investment is required to convert Bahamas Power & Light’s (BPL) generation plants to liquefied natural gas (LNG), an IMF ‘working paper’ revealed yesterday.
Chamber chair: $150m bond ‘very ‘difficult’ at once
THE proposed $150 million Hurricane Reconstruction Bond is likely to be “multi-tiered” to appeal to different investor groupings, the Chamber’s chairman said yesterday, expressing concern over whether the target sum could be raised in one shot.
Less than 20% of suspicious deals passed to Police Force
Despite a 46 percent surge in suspicious transactions reports (STRs) in 2017, the Financial Intelligence Unit (FIU) passed less than one in five over to the police for further investigation.The FIU’s annual report, tabled in Parliament on Wednesday,
‘Phenomenal’ 16% air arrivals surge for Q1
Bahamian entrepreneurs have been urged to seize the moment and “grab a greater piece of the tourism pie” with projected air arrivals up 16 percent for three of 2019’s first four months.
Delroy making a name for himself with the Knights
SINCE joining the Niagara College Knights men’s basketball team, Delroy Grandison has been making a name for himself.
Gov’t, web shops at odds on ‘back taxes’
The Government and web shop industry are at odds over how the sector’s ‘retroactive taxes’ are to be calculated, with the proposed method seen as “inconsistent” with both the Gaming Act and international norms.
Small business faces $748m 'financing gap'
Bahamian small and medium-sized enterprises (SMEs) face a “financing gap” that could be as large as $748m, the Bahamas Development Bank’s (BDB) transformation plan estimates. The report, a copy of which has been seen by Tribune Business , suggests t
Bahamians must 'mobilise corruption outrage to action'
Bahamians must “mobilise their outrage into action” if this nation is to defeat both real and perceived corruption plaguing society, governance reformers urged yesterday.Matt Aubry, the Organisation for Responsible Governance’s (ORG) executive direct
Bahamas to exploit 34% growth in Georgia tourists
The deputy prime minister is aiming to exploit the 34 percent year-over-year growth in visitors from Georgia to promote The Bahamas as a tourism and film destination during his ministry’s upcoming Atlanta promotional mission.
Tread carefully, Mr Minister
LESS than two weeks in, and the new Minister of National Security is already threatening to make the PLP's stance on crime look confused, constrained and contradictory. This, at a time when - as the latest US travel warning so dramatically demonstrated - the Bahamas can little afford to be seen as weak on criminals.
Sarkis calls out Govt on Baha Mar sale details
Baha Mar’s original developer last night urged the Government to “end the speculation” by releasing all agreements related to the project’s opening, as his verbal battle with the Government re-ignited following a lull of several months.
