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Goldwynn’s $100m eastern expansion
GoldWynn’s developer yesterday said it no longer plans to acquire additional Goodman’s Bay real estate to its immediate west and will instead move eastwards with its $100m second phase expansion this year.
‘Good time to be a seller’, says realtor
A Bahamian realtor yesterday said it is a “good time to be seller” as the demand for properties valued under $500,000 has generated numerous inquiries from prospective purchasers.
Minister urges gas retailers not to rush to lay off staff
LABOUR Minister Keith Bell yesterday urged gas retailers to exercise restraint and “not to be swift to any sort of action” amid warnings about potential layoffs in the sector as costs rise.
Tapping into loan ‘like printing money’
OPPOSITION leader Michael Pintard has warned of “grave concern” over the government tapping into $232m International Monetary Fund (IMF) special drawing rights (SDR), warning of the “equivalent of printing money”.
Gas stations to ‘manage’ minimum wage increase
Petroleum retailers yesterday the minimum wage increase was something they “all have to manage” as they continue to push for a change to the industry’s fixed-margin business model.
Businesses dreading the summer as BPL bills bite
SOME local businesses are dreading the approach of summer due to increased electricity costs.
100 youths enlist in guard scheme
NEARLY 100 young people from throughout the country that have enlisted in the Bahamas National Youth Guard programme are in Grand Bahama for three months of training at the Police College in Freeport.
‘ALARM’ AT CHILD ABUSE STATISTICS: Advocacy group questions lack of public outrage
THERE were 240 new reported cases of child abuse, neglect and abandonment documented between January and October of last year, according to data released by the Ministry of Social Services.
THE KDK REPORT: A house divided
SEVERAL years ago, a palliative nurse in Australia wrote a book detailing the top five regrets of individuals on their deathbed.
BID is ‘missing piece’ of downtown’s puzzle
The Downtown Nassau Partnership’s (DNP) co-chair says the creation of an authority to truly manage the city is “the missing piece of the puzzle” with his group having achieved “80 percent of what we set out to do”.
PM priorities include jobs, youth and inflation
THE government’s top priorities for this year will include tackling inflation, creating more job opportunities for Bahamians and fostering youth empowerment, Prime Minister Phillip Davis said yesterday.
Minister: No ‘sweeping lay-offs’ from minimum wage increase
A Cabinet minister yesterday voiced confidence “there won’t be sweeping lay-offs” as a result of the 24 percent minimum wage increase despite previous warnings by petroleum retailers that they ma be forced to terminate staff.
McKay Jr and Saints on a roll
AFTER some good Bahamian cooked meals and some quality time with family and friends, Gregory McKay Jr returned to Limestone University and helped the Saints men’s basketball team to two straight victories.
Super yacht ambitions to boost cruise port margins
Nassau Cruise Port’s chief executive is optimistic that its “super yacht destination” ambitions and full opening will significantly improve operating income margins that are currently among its parent’s lowest.
‘Settle down’ before tax crackdown tie-in
The Government should allow the corporate real estate market to “settle down” before seeking to tie Business Licence renewals to property tax compliance by commercial landlords, a prominent realtor argued yesterday.
Fiscal Council’s reports ‘not a flip of the switch’
A Fiscal Responsibility Council member yesterday said there was nothing sinister about the body’s delayed publication of two key reports, and asserted: “This is not a flip of the switch.”
Gov’t pledges law change over its $233m borrowing
The Government has promised to change the law to facilitate its “use” of $233m in International Monetary Fund special drawing rights (SDRs) that have for the past 16 months boosted The Bahamas’ foreign reserves.
Canary in a coal mine
ALARMING GLOBAL FALL IN SPERM NUMBERS
IN THE 1900s, British coal miners were exposed to carbon monoxide and other lethal toxic gases. John Scott Haldane and his research on carbon monoxide would in that age provide a solution of using canaries, as early indicators of trouble prompting the miners to evacuate.
Towing fare increase could heighten risks
Automotive repair shops yesterday voiced concern that the 67 percent, or two-thirds increase, in standard towing fees could prompt Bahamians to take more risky measures to move broken down vehicles.
‘Be careful how world eyes Freeport change’
THE GRAND Bahama Chamber of Commerce’s president yesterday warned that the Government must pay attention to how its actions are perceived by potential investors as it strives for major in Freeport’s governance.
