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‘WE’RE COMING FOR OUR MONEY’: $100m student loan debt forces hiring of collection agency
The Education Loan Authority's (ELA) delinquency recovery rate needs to increase seven-fold, a Cabinet Minister admitted yesterday, with Bahamian taxpayers "on the hook for $100m".
No evidence that 10,400 jobs have been created, says PLP leader Davis
PROGRESSIVE Liberal Party Leader Philip “Brave” Davis says he sees no evidence to prove that 10,400 net jobs were created in the country since the Minnis administration took office nearly two years ago.
Ministers claim statistics prove FNM jobs strategy is effective
JOB gains highlighted in the most recent Labour Force Survey among young Bahamians and in the tourism sector, were yesterday lauded by two senior Cabinet members.
‘Hundreds of acres’ for LPIA expansion
Nassau airport’s managers are moving to secure “hundreds of acres” for potential future expansion of its runway and terminal “footprint”, a Cabinet Minister revealed yesterday.
‘Jobless numbers need to get real’
WHILE admitting unemployment is largely a private sector problem, Bahamas Institute of Chartered Accountants president Gowon Bowe said yesterday newly released jobs statistics cannot be used as an indicator of the country’s economic performance.
Economy faces ‘real climb’ to dent unemployment rate
The Bahamas must see “a real climb in GDP growth” to at least 2.5 percent every year to break the cycle of double digit unemployment rates, a governance reformer warned yesterday.
Portable pensions, redundancy fund under exploration
Portable worker pensions and creating a National Redundancy Fund are among the reforms being eyed by the National Tripartite Committee’s strategic plan, it was revealed yesterday.
New roles fail to halt jobless rise
THE country’s unemployment rate has increased since November 2018 despite the addition of just over 2,300 jobs to the labour force.
GB revival to ‘relieve major job pressure’
Reviving Grand Bahama’s economy will “relieve tremendous pressure” on the rest of The Bahamas, the deputy prime minister said yesterday, following the unemployment rate’s rise to 10.7 percent.
CLIMBDOWN? Webshops set to win deal on new tax rates
The web shop industry’s “sliding scale” tax structure could be cut to just two bands with much lower rates under new proposals being considered by the Government.
Aliv targets summer 2019 for ‘break even’
Aliv is targeting summer 2019 for its operations to hit “break even” through $50-$60m in annual revenues, as it unveiled plans to “double down” on investment in its mobile network.
Buddy beats buzzer!
THE breakout season for Buddy Hield continues as he added another milestone to his résumé with his first buzzer-beating game-winner of his NBA career.
A COMIC'S VIEW: Hey Frankie, you know what your department does, right?
Where do I start this week? It’s been a veritable smorgasbord of material, courtesy of the present administration.
BTC chief: We must ‘bottom out’ in 2019
The Bahamas Telecommunications Company’s (BTC) top executive yesterday said it needs “to act like the market leader it is”, while warning that mobile subscriber losses must “bottom out” in 2019.
BTC to 'radically attack' Cable on TV, Internet hold
The Bahamas Telecommunications Company (BTC) is planning to “radically attack” Cable Bahamas’ internet and TV dominance, having slashed new subscriber waiting time by 80 percent.
DIANE PHILLIPS: Never underestimate the Power of One
Long before he became the latest iteration of superhuman James Bond 007, actor Daniel Craig debuted in an often overlooked movie called The Power of One.
Ultra rich buyers hit town for PI auction
More than two dozen high-net worth individuals or their advisors are expected in Nassau today to preview two waterfront Paradise Island properties set to be auctioned later this month.
National Trust still ‘refining’ Albany PPP
The BAHAMAS National Trust’s (BNT) executive director yesterday said it has been approached by several other potential private national park partners as it continues to “refine” its deal with Albany.
Ultra rich buyers hit town for PI auction
More than two dozen high-net worth individuals or their advisors are expected in Nassau today to preview two waterfront Paradise Island properties set to be auctioned later this month.
Pinder’s Brokerage to run Komen race in company matriarch’s honour
It’s been just a little over two months since Helen Pinder, the matriarch of Pinder’s Customs Brokerage Ltd, lost her battle with breast cancer. Now, more than half of the staff at her company, along with their family members, will take part in a local cancer run this month in her memory – continuing a tradition she started five years ago.
