Hope Abaco’s port PPP can ‘dodge bullet’
Abaco stakeholders yesterday voiced hope that the government is not too late to “dodge a bullet” with plans to seek a public-private partnership (PPP) for the rebuilding of Marsh Harbour’s sea port.
Bahamas breaks aviation Frontier
FRONTIER Airlines made its first flight to Nassau on Friday, becoming the first ultra-low fare carrier to enter the Caribbean market with multiple travel days per week. Frontier will operate direct flights from Miami International Airport to Lynden Pindling International Airport (LPIA) four times a week with effect from next month.
Realtor enjoys 300% sales volume growth
A prominent Bahamian realtor says sales volumes have increased by 300 percent year-over-year during the 2021 first half, with average sales prices hitting a record $2.7m.
Financial services shed nearly 160 jobs in 2020
The Bahamian financial services industry shed almost 160 jobs in 2020, a Central Bank report has revealed, with the banking sector suffering multi-billion dollar declines in “balance sheet” and “fiduciary” assets.
100% debt ratio will ‘only partially subside’
The Central Bank is warning that The Bahamas’ near-100 percent debt-to-GDP ratio will “only partially subside” as the economy begins its recovery from COVID-19’s devastation.
BTVI president says Bahamas ‘must do better’ on education
The Bahamas Technical and Vocational Institute’s (BTVI) president says The Bahamas must produce better-qualified workers as 60 percent of employers are unable to find the staff they need.
Mortgage facilitator’s insurance expansion
A mortgage facilitator has expanded its product offering through the acquisition of an established insurance agency.
The Federal Reserve hawkish pivot
ActivTrades
ON Wednesday June 16 the United States Federal Reserve stunned observers, announcing the intention to start rising interest rates at some point in 2023, bringing the dot plot forward by a full year.
Bahamas First sees top ratings affirmed
Bahamas First’s “favourable operating performance” amid COVID-19’s economic stresses saw its credit and financial strength rankings upheld by the top global insurance rating agency.
Bystander shot by police in chase
THE family of the 36-year-old woman who was accidentally shot by an officer on Saturday say they plan to take legal action against the police for negligence.
‘It’s bouncing back with a vengeance’
Tourism was yesterday said to be “bouncing back with a vengeance” with 13,000 cruise visitors expected in the week before Independence and Nassau’s mega resorts reporting occupancies of up to 90 percent.
Health visa would be scrapped under PLP
PROGRESSIVE Liberal Party Leader Philip “Brave” Davis says he will immediately end the travel health visa requirement if the system is still in place and his party wins the next general election.
MUM AND UNCLE SHOT DEAD 24 HOURS APART: Shavonna, 26, gunned down as family united to mourn earlier killing
A SINGLE mother was fatally shot in the Coconut Grove area on Friday night, a day after her uncle was killed at the same address.
Attorney General comments
As a female professional, I was somewhat disappointed by the recent remarks of Mr Carl Bethel, the Honourable Attorney General, when he referred to the loss of employment of female prosecutors in the Office of the Public Prosecutions by highlighting same as burned out and contracting stressful illnesses. I can only imagine how demeaning and humiliating this reference to gender of those female prosecutors who have the robust role of the conduct and carriage of trial proceedings in the courts, primarily the Supreme Court.
Man in hospital after stabbing
A GRAND Bahama man is in hospital after he was stabbed early yesterday.
Nygard faces legal fight to stop seizure of properties
FASHION mogul Peter Nygard is facing more legal problems as the US Attorney for the Southern District of New York moves to seize five California properties connected to him, including a Marina del Rey condo where he hosted some of his infamous “pamper parties.”
DEREK SMITH: Following the crowd fails your business
Risk management is a topic that has increasingly made headlines around the globe due to the COVID-19 pandemic. Locally, after the release earlier this month of my first article in this two-part series on why businesses fail, I have had multiple conversations with colleagues about risk management. What was evident is that views are split about whether proactive risk management or reactive risk management should be deployed by companies.
WORLD VIEW: Joint endeavour or collective surrender: resisting global tax
THE proposal by the US government to establish a global minimum corporate tax is not a remote matter from the lives of people in the Caribbean. It is a real issue with deep implications for Caribbean economies, and, indeed, for the capacity of Caribbean countries to continue to participate meaningfully in the global trading and financial system.
Where’s my CNN?
At one time at the end of a hard work week, I looked forward to going home of a Friday evening, crashing into my most comfortable armchair, switching on to the US TV Station CNN and enjoying their weekend feature programme. Not so anymore.
Ayton and Suns one win from NBA Finals
BAHAMIAN DeAndre Ayton and his Phoenix Suns are now in the driver’s seat of the National Basketball Association’s Western Conference Finals.
