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Training programme to reach at-risk youths

RECOGNISING the correlation between unemployment and crime, the Ministry of National Security yesterday signed a contract with the National Training Agency that will provide job training for 260 at-risk youth.The 12-week long programme will begin on

URCA boosts BTC with promotion 'cool-off' slash

Regulators have reduced the time span between when communications providers can launch ‘similar promotions’ from 120 to 90 days, after the Bahamas Telecommunications Company (BTC) complained existing restrictions were harming consumer welfare and its ability to fight competitors.

BFS deal: Require 25% stake sale to Bahamian investors

THE Government must ensure a minimum 25 per cent equity stake in Bahamas Food Services (BFS) is sold to the Bahamian public if it approves the company’s purchase by Sysco, a prominent businessman also warning it to guard against a food wholesale monopoly.

Gov’t must match Port if regulatory takeover

The Government’s own consultants have warned it must match the Grand Bahama Port Authority (GBPA) for service delivery if it realises its objective of regaining regulatory control in Freeport.

FNM deputy says government not serious over crime fight

FNM Deputy Leader Peter Turnquest yesterday criticised the government for “not being serious” in the fight against violent crime and “failing” to live up to its campaign promises to reduce it.

Current deficits could ‘challenge peg viability’

The Bahamas’ current account deficits could “challenge the viability” of its 1:1 currency peg to the US dollar unless they are reduced to ‘single digits’ over the next decade.

Haitian group rejects boycott

THE United Association of Haitians and Bahamians has publicly denounced the “vicious and unfair” comments of a Florida politician and a Haitian-Bahamian activist whom they said were “misinformed” and could not speak for those at the centre of the government’s new immigration policies.

‘Worst Christmas ever’ say straw market vendors

DESPITE heavy tourism traffic downtown before the holidays, straw vendors say they are experiencing their worst Christmas season to date, with few to no sales most days.

Reform pensions now - or elderly will be left with nothing

The International Monetary Fund warns that a “significant” share of the elderly would be without pensions if reform to the pension system is not dealt with immediately.

'Unhappy players' to drive insurance consolidation

THE Insurance Advisory Commission's (IAC) chairman yesterday predicted that consolidation will occur among Bahamian general insurance carriers within the next two-three years, arguing that the industry's 2011 average Return on Equity (RoE) of 3.6 per cent meant "there must be some unhappy players".

Project predicts 100 new jobs in 3 months

The Baker’s Bay Golf & Ocean Club project is expecting to create another 100 construction jobs within the next two-three months, its developers telling Tribune Business they expected to invest another $25-$30 million in infrastructure build-out up until 2015.

‘Devil is in details’ on Fiscal Responsibility

The Government is “definitely on the right track” with its promised Fiscal Responsibility legislation, a governance reform group said, while warning: “The devil is in the details”.

Kalik maker’s loss doubles as revenues decline 15%

Commonwealth Brewery yesterday blamed a 15 percent year-over-year revenue decline for its 2021 first quarter loss more than doubling in comparison to 2020 figures.

‘We’ll look out for ourselves’

ABACO residents say they are not waiting for the government to issue evacuation plans for the 2020 hurricane season but are instead making their own plans if another storm were to hit the island.

Marinas eye ‘five-fold’ yacht charter growth

A SENIOR marina executive says he expects The Bahamas’ yacht charter business “to grow five-fold within the next five years” based on rapidly-increasing interest in the destination.

D’Aguilar: Things will get better as vaccines roll out

TOURISM Minister Dionisio D’Aguilar said yesterday he is hopeful things will improve for the country’s tourism industry “during the course of the year” as vaccination campaigns against COVID-19 continue to be rolled out worldwide.

Gibson: More labour reforms ahead under PLP

MINISTER of Labour and National Insurance Shane Gibson yesterday called the passage of the labour amendments by Parliament this week “a great place to start”, implying that if re-elected the Christie administration would expand on its labour reform actions.

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