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BOB turnaround to last 18-24 months
Bank of the Bahamas’ turnaround will take at least 18-24 months, its chairman has implied, with a Restructuring Committee appointed to oversee its progress.
FNM deputy fears ‘bubble pop’ over infrastructure spend
The Government’s lack of investment in infrastructure will be “a bubble that pops” on the next administration, the Opposition’s finance spokesman warned yesterday, adding that this was contrary to the International Monetary Fund’s (IMF) advice.
Pain for ‘Yes’ campaigners as signs of defeat emerge
MEMBERS and supporters of YES Bahamas last night painfully exclaimed “wow” and “my God” as they witnessed what appeared to be the overwhelming defeat of their campaign in support of the government’s referendum on gender equality.
Ticket fraud among event challenges
WHILE Junkanoo made its anticipated return on Monday night, there were some challenges that marred the event including ticket fraud.
PM says Gov't on pace to hit balanced Budget
The Prime Minister yesterday asserted that the Government remains on track to achieve a fiscal surplus and balanced Budget in 2024-2025, adding: "Revenues will continue to go up, and deficits will continue to go down."
Carnival port to offer up to 50 retail spots
Carnival Cruise Lines is aiming to make up to 50 retail and marketplace spots available to local tenants at its Grand Bahama port that will ultimately cater to as many as 17,000 persons daily.
Shipping costs rise 40% for new price pressures
Bahamian consumers and businesses were yesterday warned that local goods prices will be unable to escape the fall-out from a 40 per cent increase in shipping costs over the the past three months.
Central Bank: ‘Stay alert’ on credit card fraud rise
The Central Bank is urging Bahamians “to stay alert” due to an increase in credit card fraud incidents.
Food store principal fears: ‘There goes the business’
A BAHAMIAN food store owner yesterday said “there goes the business” as he voiced fears that the price control regime’s expansion will drive smaller operators such as himself out of business.
‘I feel lost without little Teneisha’
THE grieving father of the three month-old that died while being cared for by a family friend is pleading for answers surrounding his daughter’s death, adding he feels “crushed” and “lost”.
Pintard: Govt needs to speak with one voice on VAT
FNM leader Michael Pintard says the government needs to clarify its position at the cabinet level on reducing Value Added Tax (VAT) on breadbasket items.
Realtor enjoys 25% Freeport sales rise
A prominent Bahamian realtor says sales activity in Freeport has increased by 25 percent over the past year as its economic revival ramps up, adding that the city’s “time has come”.
Perlite and vermiculite
Some gardeners with heavy clay soil swear by adding sand in order to provide aeration. They obviously forgot the formula: clay, plus sand, plus water equals cement, which produces concrete.
Fidelity bank chief Bowe says it would be unwise to reduce taxes on gas
A TOP financial expert says reducing taxes on gas in response to soaring prices would be unwise and short-sighted.
IDB to combat 'stodgy' image
By NEIL HARTNELL Tribune Business Editor The Inter-American Development Bank's (IDB) country representative yesterday pledged to reach out more effectively to the Bahamian private sector, admitting that the institution was perceived as "too stodgy and bu
Tourism minister ‘anxious for end to quarantines’
A Cabinet minister says he is “anxious to get rid of quarantines and curfews”, adding that this is having an impact on the ability of Bahamian hotels to jumpstart their lucrative group travel business post-COVID.
BPL union seeks to raise deal pressure
The union representing Bahamas Power & Light’s (BPL) line staff yesterday sought to increase pressure for a new industrial deal it argues is critical to combat the rising cost of living.
Livable wage finding in minimum wage rethink
The National Tripartite Council’s chairman says recent University of the Bahamas (UoB) research on the livable wage had caused him to rethink his push for a minimum wage increase.
Catering companies in mixed COVID outcome
Bahamian catering companies yesterday revealed mixed COVID-19 experiences for their businesses with performance dependent on their target market.
Entertainment destinations ‘hold firm’ on opening wait
Entertainment destinations yesterday said they are "holding firm" as they negotiate COVID-19 protocols with the Ministry of Health in a bid to re-open ten months after the COVID-19 pandemic started.
