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‘Bitter impasse’: Both sides claim win in Old Fort battle
A “bitter impasse” at one of western New Providence’s most affluent communities has ended with its developer confirmed as owner of the Old Fort Bay Club and the project’s marina.
Avoid ‘knee jerk’ Omicron response, business urges
Businesses yesterday urged the Government to avoid a “knee jerk” response to the rapid expansion of COVID-19 cases with 1,850 new infections reported over a five-day period.
Pre-COVID output ‘not good enough’
The Central Bank’s governor yesterday warned that returning to pre-COVID economic output “is not enough” as he reaffirmed forecasts that GDP will expand by 8 percent in 2022.
Omicron ‘pushes back’ pre-COVID for tourism
Tourism’s hoped-for return to 2019 business volumes this year has been “pushed back” several months by Omicron with Internet searches for The Bahamas now “half” of pre-COVID levels.
Prospect Ridge plan ‘unlikely’ to go ahead
TRANSPORT and Housing Minister Jobeth Coleby-Davis has suggested it is unlikely the Davis administration will go forward with the affordable homes project in Prospect Ridge, though she said Cabinet has yet to make a final decision.
SANDALS STEP ON RECOVERY ROAD: PM celebrates reopening of resort after refit which will create 900 new jobs
TOURISM’S recovery from the COVID-19 pandemic got a boost yesterday when Sandals Royal Bahamian resort and offshore island reopened after the completion of a $55 million renovation that will create 900 new jobs.
Tech bubble or opportunity?
ActivTrades
Numerous stocks from the technology sector have recently been hit hard. Is the Opportunity there now to buy or leave it alone?
Exchange controls to be ‘less of hindrance’
The Central Bank’s governor yesterday pledged to make exchange control restrictions “less and less of a hindrance” to Bahamian investors and companies seeking capital.
PETER YOUNG: A hat-trick of howlers has taken the shine off of Great Britain
British people have always been avid travellers. Waves of migration from the days of colonial expansion during the early 19th century have been followed in modern times by large numbers choosing to live overseas, sometimes in the pursuit of economic opportunity, while nowadays the younger generation tends to be more mobile in an increasingly integrated world.
Audit of human resources to begin in public services
STATE Public Service Minister Pia Glover-Rolle revealed on Friday her ministry will be conducting a human resources audit across the public service sector starting next month.
Bucket list for 2022
2021 is gone and will not be missed too much by most Bahamians.
Deltec creates ‘one of largest banks’ with Ansbacher deal
Deltec Bank & Trust last night said it will become “one of the largest international private banks in The Bahamas” with its acquisition of rival institution Ansbacher (Bahamas).
Bahamian farm eyes 1.4m herbs in $60m joint venture
A Bahamian hydroponic producer and its US partner last night revealed they will invest $60m in developing a 71,000 square foot facility able to grow “300 times more food” than a traditional farm.
Restoring fiscal health, investing in our future
In 2022, the Davis administration is laser-focused on moving The Bahamas beyond recovery into a period of robust, broad-based economic growth. This means building an economy that widens the circle of opportunity and lifts all Bahamians - not just a few.
Thirteen alternatives to ‘act of humiliation’
The Grand Lucayan’s ex-chairman yesterday urged the Davis administration to pick up four “serious” purchase offers for the resort that he left behind as an alternative to “an act of humiliation”.
Bloody murder
It has been exactly one month, but I can no longer stranglehold myself into a position of silence, so I am here to scream, “Bloody Murder”!
‘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.”
STATESIDE: Are we really staring into the abyss again?
The sabres are certainly rattling in Eastern Europe these days. Americans, and doubtless millions of flabbergasted others around the world, are beginning to wonder if a bitter regional war is about to break out in Ukraine that will gradually suck in others and we will find ourselves in World War III.
STATESIDE: Has anyone out there got an answer?
IF YOU’RE Joe Biden you really need a tough skin and determination in the face of daunting adversity these days. The American President seems beset with intractable problems, insoluble divisions in his own party and economic and political trends that do not bode well for a rise anytime soon in his slumping popularity.
IMF restructure?: ‘Not on my watch’
A Cabinet minister yesterday pledged “not on my watch” after a noted Caribbean economist again forecast The Bahamas will need an “IMF restructure” with GDP still below pre-COVID at end-2023.
