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PM: COVID lockdown led to employment shrinkage
The Prime Minister yesterday blamed the former Minnis administration’s COVID lockdowns and other restrictions for the shrinkage in the workforce and number of employed Bahamians amid a bitter House of Assembly row.
Reinvesting 50% of corporate tax no GDP growth panacea
Reinvesting 50 percent of the revenues generated by a corporate income tax would lessen - but not eliminate - the negative economic impact of each of the four proposed implementation options, the Government is forecasting.
Gov't already rejecting work permit renewals
A Cabinet minister yesterday said the Government has already begun rejecting work permit renewal applications for expatriates who have received approvals “consecutively” for the past 10 years or more.
Tourism reaps double digit summer growth
A senior hotelier yesterday asserted that the industry’s “greatest growth opportunity” lies in increasing room inventory with summer rates and occupancies ahead of 2022 comparatives by double digits.
‘Happy to be rid’ of ex-Robin Hood site
Compass Point’s last owner is voicing optimism that the sale of the former Robin Hood store on Prince Charles Drive will close before year-end after the property was plagued by vandalism, vagrants and copper theft.
Unemployment rate drop labelled a 'smokescreen'
The Opposition's finance spokesman last night argued that the 8.8 percent unemployment rate, the lowest for 15 years, is a "smokescreen" that masks the "significant" reduction in the labour force's size and number of working Bahamians.
Bahamas in multi-billion blue carbon credit boost
The Bahamas yesterday received a "huge" multi-billion boost to efforts to monetise its 'blue economy' assets after a study pegged the environmental value of its seagrass beds at greater than 15 times' the country's COVID-era GDP.
