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11,000 youth jobless on New Providence
Nearly 11,000 young Bahamians on New Providence are unemployed, of whom 13 per cent have given up looking for work and are helping to feed the rising crime and murder rates.
New report contradicts auditor on Urban Renewal
URBAN Renewal’s Small Home Repairs project was yesterday declared a “resounding success” after an independent review concluded the initiative’s first phase had received value for money, directly contradicting findings in an auditor general’s report.
Educators urged to ‘loosen grip’ on vocational training
A former Chamber of Commerce chairman has urged educators “to give up their grip” on vocational training, and let industry drive course content and standards.
Parliament blunder on BPL regulatory ‘void’
Regulators are scrambling to fill a “void” created by Parliament in electricity sector supervision which has potentially left Bahamians at the mercy of appliance-destroying voltage and frequency fluctuations without recourse.
Gas station shut down to ‘bring country to halt’
A gas station shut down would “bring the country to a halt” and threaten the “nascent recovery” from COVID-19, a governance reformer warned yesterday, adding that such a move would be “ill-advised”.
‘Headroom for growth’: Tourism forecast to hit regional average
A senior hotelier yesterday said The Bahamas “still has some headroom for tourism growth” post-COVID amid forecasts its annual expansion rate will merely match the Caribbean average for the next decade.
Harbour Island’s ‘compelling case’ for no cruise tourism
Harbour Island’s tourism industry “has made a compelling case” for why it should not become a cruise destination, a Cabinet minister has admitted.
Govt's Grand Lucayan deal 'not a huge risk'
The Government’s $65m Grand Lucayan purchase is “not a huge risk”, the GB Chamber president asserted yesterday, with the alternative a repeat of the “Royal Oasis fiasco”.Mick Holding told Tribune Business that allowing “the status quo” to continue at
Crystal Palace demolition set for summer
Baha Mar will demolish the former Crystal Palace resort and casino this summer as it proceeds with expansion plans beyond yesterday’s Rosewood hotel opening.Graeme Davis, pictured, the $4.2bn development’s president, told Tribune Business it hoped to
Bahamas' 16-spot internet plunge 'absolute non-issue'
The Bahamas’ 16-spot plunge to 65th in global rankings for broadband Internet speed was yesterday branded an “absolute non-issue”, despite being critical to its technology hub plans.Dr Donovan Moxey, who chaired the government-appointed Grand Bahama
COVID shutdown for auto dealer’s ‘major generator’
One of an auto dealer’s “two major generators” has likely been forced to close until tomorrow after almost one-third of staff tested positive for COVID-19 amid the latest case surge.
Exuma resort buyer eyes $700k upgrades
The prospective purchaser of Exuma’s Club Peace & Plenty resort yesterday said it was planning $700,000 worth of upgrades to revitalise the destination and make it “the premier property in Georgetown proper”.
Bahamas 'ass backwards' over oil negotiations
A well-known attorney yesterday said the Bahamas had done an “ass backwards” job in negotiations with the Bahamas Petroleum Company (BPC), arguing that the country should receive “no less than 60 per cent” of the proceeds if commercial quantities of oil were discovered.
AML: $1.5m VAT costs won't wipe-out profit
AML Foods 2013 annual profit would have been wiped out by the $1.5 million annual cost increase the company is projecting from Value-Added Tax (VAT), its chief executive yesterday pledging: “We’re not going to let that happen.”
Giants look to even series after triple OT win
THE defending champions Commonwealth Bank Giants needed triple overtime in game three of the New Providence Basketball Association’s best-of-seven championship series to avoid being pushed to the brink of elimination against the Mail Boat Cybots at the AF Adderley Gym Saturday night.
FACE TO FACE: The best decision of Paul Thompson’s life
IT was a spur of the moment decision that changed the trajectory of his entire life. He was 23 years old when he saw an ad in the Trinidad Guardian recruiting young men for the Police Force in The Bahamas. He read it and immediately knew it’s what he wanted to do. Now, at age 95, retired Assistant Commissioner of Police Paul Rupert Thompson still says it was the best decision he made in his entire life.
Doctors’ contact concern
THE Bahamas Doctors Union has called on the Ministry of Health to create a clear strategy that highlights the role it wants doctors to play in the country’s COVID-19 response, warning that a failure to do so could result in a devastating economic and health fallout for the country.
Deceased activist Parisien named in fraud investigation
COURT documents detailing a two-year FBI sting operation into US visa fraud in Nassau name deceased activist Pierre Parisien as being involved in the scheme.
Policy reforms need for $200m IDB guarantee
The Bahamas must implement several policy reforms to develop its “blue economy” in return for obtaining a $200m guarantee that will underwrite the government’s planned $700m foreign currency bond.
Gov't unveils $250m BEC bond
The Government yesterday unveiled a planned $250 million bond to refinance the troubled Bahamas Electricity Corporation (BEC), saying it was “the first step to rehabilitate” its financial position.
