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'Substantial appetite' anticipated for visa despite Barbados lag
The Economic Recovery Committee’s co-chair yesterday predicted there will be “substantial appetite” for The Bahamas’ proposed annual work/study visa even though it lags rivals such as Barbados. Marlon Johnson, who is also the Ministry of Finance’s a
Bay Street sees 80% income loss extended longer
Eighty percent of the spending that kept Bay Street afloat has dried up via a cruise industry shutdown just extended to October 1, the Downtown Nassau Partnership’s (DNP) co-chair has revealed. Charles Klonaris told Tribune Business he does not fore
INSIGHT: Sharks skirting on the edge of wipeout but not in our waters
New research from Global FinPrint, headed by researchers at Florida International University (FIU), has concluded that sharks are absent from many reefs around the world and has deemed the species, “functionally extinct”. The good news is The Bahamas is not in that count as it is one of the few countries that still has a healthy shark population.
‘Tax on society’: 75% of workers have no pension
Bahamians face paying “another tax on society” to support the near-75 percent of workers not covered by an employer-sponsored pension plan, a leading investment banker has warned.
Arawak port operator to 'save every penny'
The Nassau Container Port’s (NCP) operator is aiming “to save every penny we can” following a financial year where its predictions of a near-$3m profit decline proved spot-on.Dion Bethell, chief financial officer for BISX-listed Arawak Port Developme
Doctors, insurers told: Cut fees for viable NHI
All doctors, healthcare facilities and insurers must cut their fees if the revised National Health Insurance (NHI) model is to succeed and be financially viable, a Cabinet minister has warned.Dr Duane Sands, minister of health, told Tribune Business
DPM: Credit bureau to create 'truth in lending'
The deputy prime minister has voiced optimism that The Bahamas’ first-ever credit bureau will create “truth in lending” and help to open a “sluggish” credit market that has dampened economic growth. K Peter Turnquest, speaking at the bureau’s launch
Follow CIBC lead on BOB, ex-FNM chair tells govt
A prominent Bank of The Bahamas shareholder yesterday urged the government to follow CIBC’s lead and “be more aggressive” in seeking to exit its 82.6 percent majority ownership of the lender. Darron Cash, the former Free National Movement (FNM) chai
Royals and Rattlers earn basketball titles
The DW Davis Royals came from behind and blew out the Queen’s College Comets to repeat as the junior boys’ champions, while the CI Gibson Rattlers had to hold off a late surge by the Doris Johnson Mystic Marlins to earn the intermediate boys’ title.
Abaco cays in BPL cables funding offer
A Cabinet minister yesterday said the government will have to give a “deadline” for several of the Abaco cays that have pledged to finance the provision of underground utility cables post-Dorian.Desmond Bannister, minister of works, told Tribune Busi
ALICIA WALLACE: Don’t blame us, Mr Johnson
It is, unfortunately, not unusual for Members of Parliament and Cabinet Ministers to insult the Bahamian people, especially in their bids to excuse their own actions.
Govt unveils 'fundamental reset' for public contracts
The government last night unveiled draft legislation representing a “fundamental reset” of its public procurement processes in a bid to save taxpayers millions and aid small businesses.Marlon Johnson, the Ministry of Finance’s acting financial secret
The Earth will abide
To Prime Minister Philip Brave Davis, climate change and global warming are both massive issues worth addressing. True to his word to the Bahamian people, Davis addressed this issue at the recent CARICOM Heads of Government Meeting in Belize, although I cannot recall climate change being front and centre in the Progressive Liberal Party’s (PLP) campaign platform in 2021. In fact, I cannot say if the subject was addressed at all on the campaign trail.
Health Travel Visa ‘worked bloody well’
A former tourism minister yesterday asserted that the Auditor General’s findings proved the Health Travel Visa had “worked bloody well”, adding: “There’s not a penny missing.”
Miller’s Mario’s re-open faces receivership block
An ex-Cabinet minister’s ambitions to re-open his family’s business are likely to be blocked by the Supreme Court-appointed receivers for the Bank of The Bahamas’ (BOB) bail-out vehicle.
NAD’s private aviation levy ‘a slippery slope’
An aviation industry executive yesterday warned the Nassau Airport Development Company’s (NAD) plan to levy a $28 fee on all arriving international private plane passengers was “a slippery slope”.
BOB chair: ‘Peanut’ profits make dividend premature
Bank of The Bahamas (BOB) chairman says it is “premature” to discuss resuming ordinary shareholder dividend payments when profits to-date have been “kind of peanuts”.
OECD/EU: Lawsuits over tax breaks end are ‘your problem’
The Bahamas would have been “blacklisted” had it insisted on existing foreign investors fully enjoying their preferential investment incentives, the deputy prime minister revealed yesterday.
INSIGHT: We need a greater sense of urgency in ensuring protection of our children
IN September 2011, 11-year-old Marco Archer left his home to go to the store, never to return to the loving arms of his mother. We all know how tragically this story ended for this family.
Bank boss warns: we must act on jobless
The Bahamas must “aspire to higher” GDP growth rates in the two to three percent range if it wants to see “new jobs gushing rather than trickling”, the Central Bank’s governor is urging.
