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FNM deputy: Labour law reforms could ‘unbalance’ economy

The FNM’s deputy leader yesterday warned that the Government’s latest labour law reforms threaten to upset the delicate balance between protecting Bahamian workers and the need for jobs and economic growth.

Confidence ‘baby steps’ key to GDP growth cure

Confidence-building “baby steps” are required to break the Bahamian private sector out of its “entrenched status quo” following a decade of growth “flat-lining”, an international economist argued yesterday.

Insurer 16-17% ahead of target if no Matthew

A Bahamian general insurer yesterday said it would have beaten 2016 profit forecasts “by 16-17 per cent” had it not been for Hurricane Matthew, which blew gross claims 69.4 per cent higher than its previous record.

Marinas eye 50% boater rise in '18

Bahamian marinas believe 2018 could produce a 50 percent year-over-year increase in visiting boaters as the country moves to generate further interest in this sector.“In 2018, the Ministry of Tourism and Aviation saw boating numbers double in some is

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Bahamians pay price of ‘double BPL whammy’

Bahamian businesses and households are paying the price of “a double whammy” caused by the recent fires at Bahamas Power & Light’s (BPL) Clifton Pier plant, it was revealed yesterday.

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AML’s Charles Saunders plan ready by early 2022

AML Foods will have “mapped out” plans to develop a new shopping centre off Charles Saunders Highway, anchored by its Solomon’s “neighbourhood” food store concept, by early 2022 at the latest.

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Dismal start to the year for Port Lucaya Marketplace

The Straw Markets are closed and there are no visitors buying authentic souvenir straw crafts or browsing the stores and eating in the restaurants at Port Lucaya Marketplace - making it a dismal start to 2021.

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Bahamas 'must adapt' to global integration

THE country must adapt to global integration or lose out on its chance at a “Bahamian renaissance,” Immigration and Trade Minister Brent Symonette suggested yesterday.In a speech to open the Bahamas Economic Outlook conference, Mr Symonette said as a

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Waltiea Rolle wants out of Turkish second division

AFTER spending the past four months playing in the Turkish women’s second division, Bahamian professional basketball player Waltiea Rolle wants out.The 6-foot, 8-inch centre, who has been the focus of attention for the Edremit Belediyes Gurespor, has

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Lawful killings: Officers justified in shooting two men dead

THE jury in a coroner’s inquest into the shooting deaths of Jeffrey Smith and John Aristotle found yesterday their deaths were “lawful” and committed in “self-defence”.

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‘No cover-up when officers open fire’

NATIONAL Security Minister Marvin Dames yesterday downplayed the occurrence of police-involved shootings as the number of incidents for the year has sparked growing concern from many in the community.

Price regulators back ‘no gouging’ on eggs

Consumer protection regulators have confirmed there is no “price gouging” on eggs despite complaints that costs have doubled in just two weeks.

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Davis: Health minister must take role seriously

PROGRESSIVE Liberal Party Leader Philip “Brave” Davis said yesterday the country’s healthcare sector could improve if Health Minister Dr Duane Sands took his role and responsibilities more seriously.Mr Davis made the observation yesterday during the

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'Existential threat of climate change'

CLIMATE change is an “existential threat” to the environment, the economy and “life itself”, a former minister of state for finance has said. Zhivargo Laing, executive director of the University of The Bahamas’ Government and Public Policy Institute,

Caribbean Bottling yet to ‘dent’ 15-18% sales gap

Caribbean Bottling’s president yesterday said it has yet to “materially dent” the 15-18 percent gap with pre-COVID sales levels as he voiced doubts that the divide will close in 2022.

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Bahamas split games in FIBA World Cup qualifying

Team Bahamas split the pair of games in the second window of FIBA Americas World Cup 2023 qualifiers.

More Caribbean growth now on insurer’s ‘radar’

A Bahamian insurer says “there is something on our radar” for further Caribbean expansion as it bids to cut its reliance on this nation to just 55-60 percent of its annual business activity.

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NHI’s $130m price tag ‘just govt's exposure’

The Minister of Health has confirmed that the much-touted $100m-$130m price tag for National Health Insurance (NHI) only covers “the government’s exposure” to the scheme.

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Arawak port’s profits beat forecast by $120k

The Nassau Container Port’s operator has beaten 2019 first-half profit expectations by $120,000 as it delivered on forecasts of a financial performance that will match 2018.

Tax amnesty yields $9.1m

The Government’s real property tax amnesty has yielded $9.1 million in extra revenues during its first three months, a Cabinet Minister said yesterday, with more than 1,000 taxpayers “settling” their outstanding bills.