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IDB: Bahamas Internet costs, speed miss mark
Broadband Internet costs and speeds represent potential barriers to The Bahamas embracing the digital economy and improved competitiveness, a multilateral lender has warned.
PI resort proposal expands units 46%
The former Paradise Harbour Club’s proposed redevelopment is being expanded to a seven-storey hotel featuring a 46 percent increase in units compared to earlier plans.
Tennis ace Sydney Clarke closes out Senior Day
AS she was honoured with three of her team-mates on Senior Day, Sydney Clarke felt it was only fitting to show her gratitude by securing a victory for the University of Arlington at Birmingham women’s tennis team.
Bahamians conflict on broker’s US client pull
Bahamian executives have given conflicting evidence over whether a local broker/ dealer used marketing deals with day trading schools to circumvent US laws against soliciting American clients.
Top KC sounds ‘dark side of Bahamianisation’ alarm
A PROMINENT KC yesterday sounded the alarm over the “dark side of Bahamianisation” for breeding mediocrity based on “a sense of entitlement”.
Albany chief in 'devastating and self-inflicted humiliation'
Albany's principal investor has admitted that pleading guilty to securities fraud is "a devastating and self-inflicted humiliation I will have to live with for the rest of my days".
ERIC WIBERG – Palowna & Orestes, 1826 Spanish slavers wrecked in The Bahamas
MANY slave ships met their end in the Bahamas, but not many know of an awkward period between when Britain outlawed the trade in slaves in 1807, and slavery itself, in 1834.
50% fear or pay bribes for building and import permits
Fifty percent of Bahamian companies seeking construction and import-related permits say they have either been asked, or expect, to pay a bribe to obtain the required approvals, it has been revealed.
BPL rates ‘among the highest’ consumers pay in the region
Bahamians are paying “among the highest” electricity prices in the Caribbean even though the base rate is set “below cost” with tariff charges said to be double the global average.
Nassau/PI beating forecasts after ‘hair raising’ crime woe
NASSAU/Paradise Island resorts were yesterday said to “all” be beating expectations heading into the peak Easter weekend as the sector rebounds from the “hair-raising” crime alert fall-outs.
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.
AG blasts ‘utter foolishness’ of France’s Bahamas blacklisting
The Attorney General has slammed France’s decision to keep The Bahamas on its national tax blacklist as “complete and utter foolishness”.
50% 'grease the wheels' bribe findings accurate
The Bahamian Contractors Association's (BCA) president says findings that almost half of firms seeking construction permits are asked, or expect, to pay a bribe are "accurate" amid a "grease the wheels" culture.
Central Bank in multiple exchange control eases
THE Central Bank last night unveiled multiple reforms to further relax The Bahamas’ exchange control regime that it believes will not create any “material” risks for the US dollar peg and wider economy.
GAIN AN EDGE – Sophia Walker: BTVI helping to boost and enhance employment skills
IT has been over ten years since Sophia Walker began serving on Programme Advisory Committees (PAC) of the Bahamas Technical and Vocational Institute (BTVI).
‘Specialist skills dearth’ hurts financial services
A “DEARTH of specialist skills” in the legal and other professions is undermining the Bahamian financial services industry’s competitiveness, a prominent KC warned yesterday.
DPM’s alarm: ‘Shockingly low’ GB Carnival port participation
The deputy prime minster has warned Grand Bahama businesses not to be “passive observers” of the island’s economic revival after their initial participation in Carnival’s $600m port project was “shockingly low”.
Regulator pledges probe into BPL’s fuel charges
REGULATORS yesterday again pledged to investigate Bahamas Power & Light’s (BPL) fuel charge and how this is calculated to ensure consumers are protected after last year’s up to 163 percent hikes.
‘Ship has sailed’ over Bahamas 15% revisit
THE Bahamian financial services industry’s call to “revisit” the 15 percent minimum global corporate tax is too late because “that ship that has sailed”, a prominent local banker warned yesterday.
Freeport poised to be ‘fastest growing Caribbean economy’
FREEPORT needs Nassau-based investors to help build “critical mass” in a city “poised to be the fastest-growing economy in the Caribbean”, a Port Authority executive asserted yesterday.
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