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‘Desperate need’ to update Securities law

REGULATORS have argued that the main law governing the Bahamian capital markets’ regulatory regime needs to be modernised to account for 13 years of change.

School breakfast programme expanded to five more schools

MORE than 2,000 students will receive free meals with the expansion of the National School Breakfast Pilot Programme in five more schools, according to Education Minister Glenys Hanna-Martin.

PharmaChem more than $68m insolvent

PharmaChem Technologies is more than $68m insolvent with its major creditor having secured just 26.3 percent of the massive debt owed to it, Tribune Business can reveal.

FOCOL targets wide growth in ‘preparing for the next 50 years’

FOCOL Holdings’ top executive last night said it is targeting growth “in every sector of our business”, including gas stations and electricity generation, and added: “We’re preparing for the next 50 years.”

‘Stress’ will stop business from joining apprenticeship scheme

THE private sector is dealing with too much “stress” to participate in the National Apprenticeship Programme, said former Prime Minister Dr Hubert Minnis yesterday.

Bahamasair industrial deal raises pilot retirement age

Bahamasair and its pilots have agreed to raise the latter’s retirement age to 65 to alleviate any fears of labour shortages as part of Friday’s $500,000 industrial agreement.

PETER YOUNG: NATO fulfils its purpose

Celebrations of the 75th anniversary of NATO (North Atlantic Treaty Organisation) were in full swing last week as all concerned paid tribute to the success of this remarkable intergovernmental military alliance since its founding in 1949. In the words of its Secretary-General, Jens Stoltenberg, “NATO is bigger, stronger and more united than ever” and has broadly ensured peace, democracy and prosperity for its members.

Bahamas approved for $60m ‘blue economy’ credit facility

THE Bahamas is gaining access to a $60m credit line targeted at micro, small and medium-sized businesses (MSMEs) in the so-called ‘blue economy’ in a bid to boost sustainable development.

African bank eyes $700m investment in Caribbean

The African Export-Import Bank (Afreximbank) is eyeing a $700m investment in the Caribbean as it prepares for its annual general meeting (AGM) that will be held in The Bahamas this June.

‘Make the switch’: 2.6% growth below forecasts

THE Bahamas must “make the switch” to focus on medium to long-term economic goals after it was revealed yesterday that 2023’s 2.6 percent real GDP growth came in below expectations.

Gov’t and Opposition fight on GDP growth

THE Government and Opposition yesterday battled over what real GDP growth that fell below expectations for 2023 means for The Bahamas’ short-term economic prospects.

MOE to help parents prepare kids for exams

A “PARENT” unit is being set up by the Ministry of Education to help parents support their children as they prepare for examinations.

Opposition in Spanish Wells to shanty demolitions

SOME Spanish Wells commoners oppose the impending demolition of illegal shanty town structures either entirely or in part, arguing that the needs of people who were allegedly given permission to build on commonage land should be respected even if their structures are not legally built.

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