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‘Caribbean’s Singapore’: $15bn GDP target urged
The Bahamas was yesterday urged to target a 50 percent GDP increase to $15bn, a governance reformer arguing: “There’s no reason we can’t be the Singapore of the Caribbean.”
Judge cuts $66k from Sir William’s outstanding loans
The late Sir William Allen’s estate has persuaded the Supreme Court to slash unpaid loans allegedly owed to a prominent Bahamian businessman by some $66,000.
Hilton closure to hit downtown business
DOWNTOWN Nassau businesses yesterday lamented that the British Colonial Hilton’s imminent February 15 closure will result in lost trade for their enterprises.
No major rush with return to classroom
BACK-to-school suppliers say they did not see the typical customer volumes ahead of this week’s return to the classroom.
Halkitis: Dubai trip chance to boost investment
ECONOMIC Affairs Minister Michael Halkitis defended the trip to Expo 2020 in Dubai, saying the event was an opportunity to establish connections and hopefully boost foreign direct investment.
Gov’ts ‘strong stance’ limited GB Power hike
A Cabinet minister yesterday said the Government’s intervention was responsible for the 47 percent reduction in Grand Bahama Power Company’s base electricity rate increase.
COViD insurance lapses ‘peak out’
Bahamas First’s top executive says general insurance policy lapses have “peaked out” with auto and homeowner coverage uptake closing in on pre-COVID levels as the economy rebounds.
‘Expect hardship’ from inflation, interest hikes
A former finance minister yesterday warned that “every family can expect hardship” from rising inflation that will exceed the current 7 percent rate in the US.
Hilton closure shows city ‘not functioning’
The Downtown Nassau Partnership’s (DNP) co-chair yesterday said the British Colonial’s closure shows the destination “is not functioning”, and added: “You never see a Hilton shut in a city”.
Landscaping chair hits out over rogue entrants
Established landscaping companies are increasingly having to clean-up behind rogue new market entrants who have emerged amid the COVID-19 pandemic, it was argued yesterday.
COVID food initiative had ‘highest level of integrity’
The probe into the $51m COVID food assistance initiative will conclude that taxpayer funds were “used to the greatest effect” if it is unbiased, a governance reformer asserted yesterday.
‘Organising committee chose who went to Dubai’
DIRECTOR of communications Latrae Rahming said an organising committee determined who represented The Bahamas at the world expo in Dubai, adding financial restraints and the size of the delegation influenced their decision.
Don’t alienate NGOs in creating ‘political stink’
The Opposition’s leader yesterday warned the Government not to “alienate” non-profit groups and their donors by creating a “political stink” around the $51m COVID food assistance initiative.
ALICIA WALLACE: If people can’t pay their bills or put food on the table, Mr Cooper, how are they expected to save?
Minister of Tourism, Investments and Aviation Chester Cooper says Bahamians do no save or invest enough, and increasing savings and investments is critical to national growth.
Top US trade body singles out ‘bribes of convenience’
The Bahamian political system is “beleaguered by reports of corruption”, a newly-released US government report has asserted, singling out what it labelled as “small scale ‘bribes of convenience’”.
Electricity rate hike ‘blow’ to GB revival
The Free National Movement (FNM) last night branded approval of Grand Bahama Power Company’s base rate increase as “counter productive” for making it more difficult to attract investment.
Bimini Bay developer to pay $600k on boat theft
Bimini Bay’s original developer has been ordered to pay almost $600,000 plus interest after being found guilty of negligence over the theft of a 41-foot yacht from its marina.
Jibrilu on pre-retirement leave
TOURISM Director General Joy Jibrilu is officially on pre-retirement leave, Tourism, Investments and Aviation Minister Chester Cooper has announced.
$1m drug defendant ‘just trying to make money’
A POLICE officer yesterday testified how one of the men accused of being involved in a near $1m drug operation in Exuma last year told the police on the day of his arrest that he “was just trying to make some money”.
Atlantis heads for Somewhere Else
Atlantis yesterday unveiled a partnership that will see part of the iconic property, the Beach Towers, rebranded under a different name for the first time in its 27-year history.
