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Govt targets $90m cruise passenger spending boost

The Government is targeting a near-28 per cent increase in cruise passenger spending yields to generate an extra $90 million in annual tourism revenue, a Cabinet Minister said yesterday.

Hurricane funds remain untraced

THE Minnis administration has been unable to track down $42m of $150m borrowed under the former Christie administration for hurricane repairs, Finance Minister K Peter Turnquest said yesterday, revealing in Parliament officials can only give an account for $108m of the hefty loan.

Bahamas Volleyball team a mixture of youth and experience

EVEN though it’s a very young team selected, the Bahamas Volleyball Federation and its women’s national volleyball team are hoping to make their presence felt when they travel to Suriname to participate in the CAZOVA Senior Championships.

Web shops ‘taking advantage of workers’

THAT Island Luck employees were seemingly threatened with a loss of pay if they failed to attend Thursday’s protest is a “blatant, naked attempt to take advantage of poor people”, Tourism and Aviation Minister Dionisio D’Aguilar said yesterday.

Fishermen: Dredging is hurting our business

DREDGING taking place near Montagu Beach is a hindrance, affecting water quality, marine life, and their businesses, local fishermen have said. When asked how the work has affected business at the Montagu fish ramp, Donna Rolle, who works at a conch

LPIA departures hit 10-year high

First quarter departure traffic from Lynden Pindling International Airport (LPIA) surged to its highest level for ten years, the Central Bank has revealed, adding to improving economic confidence.The regulator, in its assessment of economic developme

IMF: 10 years to hit long-term debt goal

The Bahamas will take ten years to hit its long-term debt target, the IMF warned yesterday, as it again blasted the Christie administration’s “lax spending control” pre-election.The International Monetary Fund (IMF), in its latest Article IV report o

Income tax ‘hard sell’ in Bahamas

Income tax will be “a hard sell” in the Bahamas, a former finance minister predicted yesterday, warning: “This country was built on tax evasion.”

48 hours to go until plastics ban

WITH about 48 hours until the government’s single use plastics ban comes into effect, major companies in New Providence are still in the process of making final preparations for the fast approaching January 1 deadline.

'Business as usual' hurt poverty battle

A $9.6m initiative to fight Bahamian poverty was undermined by the public sector’s “strict bureaucratic policies” that treated the effort as “business as usual”. The Inter-American Development Bank (IDB) report on efforts to reform The Bahamas’ soci

Colombian CIBC sale goes ahead

The deputy prime minister has voiced optimism that CIBC’s sale of majority control in its Bahamian and regional affiliate will be “positive” given the buyer’s reputation for innovation.

EDITORIAL: An economic crisis - but don’t forget those at the sharp end

AS the grim landmark of the nation’s first death from coronavirus was confirmed yesterday, Prime Minister Dr Hubert Minnis tried to make the country realise the scale of the problem facing us.

Financial services faces 'catastrophic' COVID-10 fall-out

A Bahamian financial services executive has warned the COVID-19 pandemic will be “very catastrophic” for the industry, adding: “No sector of our economy will be spared.”Paul Moss, head of Dominion Management Services, warned that the global economic

A COMIC'S VIEW: Blow a whistle to mark arrival of silly season

“Silly Season” is officially open, so let this week’s column serve as notice.

Eliminating Immigration corruption is 'key focus'

Eliminating corruption at the Immigration Department is a “primary focus” for the government, a Cabinet minister said yesterday, adding that he “cannot stress how vital” this objective is.Elsworth Johnson, pictured, minister of financial services, tr

PLP slams 2020/21 Budget

THE Official Opposition yesterday slammed the measures outlined in the Minnis administration’s 2020/2021 budget to aid the country’s economic recovery amid the COVID-19 crisis, branding it as “the worse budget communication in living memory.”

Ayton and Suns off to hot start, ‘buddy’ and Kings struggle

Deandre Ayton got his Phoenix Suns off to a hot start while “Buddy” Hield and the Sacramento Kings struggled early on the opening weekend of the NBA restart in Orlando, Florida.

LIFE LINES: Change - a challenge or a threat?

Change of any kind is an adventure. The question is how you view this challenge? Is your attitude towards it positive, to be anticipated with excitement and interest as to the outcome or does it seem frightening and uncomfortable? The answer for most

Edison Sumner tenders resignation as Bahamas Chamber of Commerce CEO

EDISON Sumner tendered his resignation as director and CEO of the Bahamas Chamber of Commerce and Employers Confederation on Friday following a report this week about his ten-year ban from the securities industry.

Women entrepreneurs hit by 30% income gap

The US government has teamed with its Bahamian counterpart to launch its Academy for Women Entrepreneurs (AWE) initiative locally in a bid to narrow another element of the gender gap. Stephanie Bowers, the US Embassy’s charge d’affaires, said The Bah

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