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Good start
ActivTrades
Strong big-tech balance sheets lifted Wall Street into positive territory at the end of last week. However, disappointment over the latest US labour market report limited gains.
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Bahamasair partners with NFL Flag Bahamas
Bahamasair, the national flag carrier, is now officially on board with NFL Flag Bahamas and will sponsor Team Bahamas for the Pro Bowl Games scheduled for February 1-4 in Orlando, Florida.
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Coleby-Davis says Road Traffic Department's relocation is ‘imminent’
TRANSPORT and Energy Minister JoBeth Coleby-Davis said the relocation of the Road Traffic Department is imminent because the staff has reached a boiling point over the poor working conditions at the Thomas A Robinson National Stadium.
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‘We must know what the heck is happening over GB airport’
Grand Bahama’s Chamber of Commerce president says “it’s absolutely critical we know what the heck is happening” with the airport redevelopment if Freeport is to position itself as a “city on the move”.
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$600m Shipyard project ‘under threat’ over airlift
Grand Bahama Shipyard’s $600m dry dock investment and related projects “are already under threat” due to the island’s airlift shortage, its chief executive has warned.
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PharmaChem close sparks GB population shrink fears
The Grand Bahama Port Authority’s (GBPA) is “deeply saddened” by PharmaChem Technologies imminent closure amid fears it will further depopulate an already-shrinking Freeport.
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‘Another kick in the teeth’: GB to lose 100 PharmaChem jobs
The loss of more than 100 well-paid jobs through PharmaChem Technologies’ Friday shutdown was last night branded “another kick in the teeth” for Grand Bahama’s struggling economy.
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Pintard raises concerns with PM over Fiscal Responsibility Council
In a letter to Prime Minister Philip ‘Brave’ Davis on Thursday, Opposition Leader Michael Pintard raised concerns about the state of the Fiscal Responsibility Council (FRC), in light of a Tribune article from earlier this month.
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Further reforms ‘will ensure we are off’ EU and OECD blacklists
The Bahamas has been forced to change its economic substance reporting laws twice within a year “to ensure that we are off” the OECD and EU blacklists, the Prime Minister said yesterday.
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Fidelity ‘not revising’ $16m profits target
Fidelity Bank (Bahamas) yesterday said it is “not revising” its $16m profit target for the 2023 full-year despite its bottom line for the first nine months slumping by 31.5 percent year-over-year.
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STATESIDE: America’s 2024 political campaign began this week
THE last general election is over. The results were consistent with 2022, 2021, 2020 and 2018, inasmuch as they represented a gradual but discernible movement away from the MAGA echoes of the Republican-aligned Tea Party movement of the 1990s. These election results also seem to indicate that voters are tiring of the chaos that always seems to surround Donald Trump, even if they very fondly remember the nation’s prosperity while he was president.
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Pilot ‘cannibalisation’ fear on Bahamasair
Private Bahamian airlines fear they will be “cannibalised” by Bahamasair poaching their best pilots to ease its cockpit shortage amid the ongoing impasse over raising the retirement age to 65.
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Gov’t eyes purchase of Freeport’s Bazaar
The Government is exploring the potential acquisition of Freeport’s derelict International Bazaar site as the location for its proposed African-Caribbean products marketplace.
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Gov’t denies BPL $5 late fee plans
The Government yesterday said it has “no intention of allowing Bahamas Power & Light” to impose an extra $5 charge on late-paying consumers and further burden struggling households.
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Bahamasair in pilot retirement age rise over shortage fear
Bahamasair is seeking to raise its pilot retirement age to 65 amid fears it faces an imminent shortage of experienced captains with eight passing through the ‘departure gate’ since 2022.
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‘UP WAGE TO $350 - OR RISK STRIKES’: Unions agree to take vote as the call for minimum pay raise
A labour leader yesterday called for a further minimum wage hike to $350 per week by June 2024 as he revealed that multiple trade unions have agreed to each “take a strike vote”.
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‘Bit much’ to only blame Bahamas over FTX fail
The Securities Commission’s top executive yesterday said it was a “bit much” for The Bahamas to take all the blame over the FTX crypto currency exchange’s collapse.
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‘Nowhere to go’ for shanty residents as eviction looms
RESTLESS residents of the Kool Acres and All Saints Way shanty towns have packed their bags and secured their belongings, ready to leave before the bulldozers arrive.
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Visitor arrivals match 2019 record in first nine months
Total visitor arrivals for the first nine months of 2023 have equalled pre-COVID’s 2019 full-year record of 7.2m, it was revealed yesterday, with hotel room rates almost 60 percent higher.
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Bahamian developer in deal at Goodman’s Bay
A well-known Bahamian developer behind projects such as Balmoral, ONE Cable Beach and Aqualina is eyeing the imminent acquisition of a prominent Goodman’s Bay property.
