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Welcome for clarity in awarding government contracts
A local contractor has welcomed the new Public Procurement Draft Bill put forward by the government for consultation believing it would fix the lack of transparency in the government bidding process.
Air Canada’s pause ‘certainly bad news’
A senior tourism official yesterday said he would have been more “worried” if Air Canada had suspended its weekly Exuma flight for commercial reasons rather than COVID-19.
Law change to open building inspections
The government is planning to reform construction-related laws so that licensed architects and engineers can approve building works performed by their counterparts, the deputy prime minister has revealed.
$4.8m seawall close to completion at Smith’s Point
THE $4.8m seawall and road repaving project at Smith’s Point in Grand Bahama is just about finished and residents are eager for the community to be reopened to the public.
Jonquel cans 16 in Sun's loss to Lynx
JONQUEL Jones posted her second double-digit scoring effort in three games, but her Connecticut Sun lost yet another close finish.Jones finished with 16 points and six rebounds in the Sun’s 80-78 loss to the Minnesota Lynx Tuesday at the Xcel Energy
Debt gobbles up 27% of Budget
MORE than 27 per cent of the Government’s total recurrent spending in the 2017-2018 Budget is going towards repaying principal or interest on the Bahamas’ $7 billion-plus debt mountain.
NPBA: Stingers close out year with two straight wins
THE PJ Stingers closed out the year by winning two consecutive games on the final weekend of regular season play for 2016 in the New Providence Basketball Association.
Credit card capability boosts taxi firm 60%
MasterCard is looking to expand its electronic payment offering among Bahamian “non-traditional” merchants, staring with taxi drivers and straw market vendors, yesterday urging them to “get on board” with the technology or “get left behind”.
Gov’t in sovereign wealth fund plans
The Government’s draft oil exploration legislation contains provisions for the creation of a Bahamian sovereign wealth fund, which would receive all due multi-million dollar royalty payments on any ‘black gold’ under this nation’s water.
FNM demand for clarity on landfill contract
FNM Leader Dr Hubert Minnis yesterday demanded that the government fully disclose the details surrounding an agreement with Renew Bahamas, a company contracted to manage the city dump, saying the opposition “does not want any closed door bargaining”.
Gov’t ‘definitely’ beat first $150m VAT goal
Value-Added Tax (VAT) “definitely” generated more than the $150 million net revenue increase targeted for the 2015 first half, a top official yesterday revealing that June’s compliance rates matched those for the first quarter.
$112m spent with 'no due process'
$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t
$112m spent with 'no due process'
$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t
NP real estate sales value off 45 per cent during Q3
The total value of New Providence real estate sales on the Bahamas Multiple Listing System (BMLS) dropped 45 per cent quarter-over-quarter in the three months to end-September, the industry yesterday unveiling its initiative to boost “market transparency” and real time data access.
Pension providers enjoy ‘significant’ 100% inquiry rise
Pension plan administrators yesterday said they had seen a 100 per cent increase in employer inquiries over the past 12 months, describing the surge as “significant” given existing low participation levels.
Month’s end closing for John S George
One of the Bahamas’ best-known and historic retail names is ceasing business at month’s end with the loss of “under 15 jobs”, its owner yesterday telling Tribune Business he had been unable to “make inroads” into the annual $1 million losses it was suffering when he took over.
Vaccination move is shot in the arm
TOURISM Minister Dionisio D’Aguilar said he thinks allowing fully vaccinated travellers to The Bahamas without a negative COVID-19 RT-PCR test will make the country a more attractive destination for visitors.
Banks approve fewer than 50% of mortgages
Less than 50 per cent of mortgage applications were approved during the 2017 first quarter, highlighting the Bahamas’ ongoing housing crisis and borrower difficulties in qualifying for credit.The Central Bank’s research department, in a presentation
Aliv places Dorian repairs at $5m-$10m
Aliv yesterday completed the full restoration of its mobile towers in Abaco and east Grand Bahama, finishing a storm recovery “first phase” estimated to have cost between $5m-$10m.
Hoop moves: 'Kino' to new club, Smith signs in France, Coleby re-signs in Japan
SEVERAL Bahamian pro basketball players inked new deals with their respective clubs this offseason.Jaraun “Kino” Burrows will move to a new club in France, while Kentwan Smith signs in France for the first time and Kadeem Coleby re-signs for another
