The real impact of Rosewood Exuma - an economist’s view
As keen observers of the economic activities of the country, we tend to pay special attention to developing trends, carefully analyse stated economic opportunities and seek to understand potential longer term economic ramifications of whatever is being discussed or assessed. Often some of the conversations around developments are abstract and narrowly focused without ultimately taking into consideration the need for new means of scaling for economic growth and the impacts thereof on the lives of the people from a financial, social and standard of living perspective. Beyond the immediacy of jobs and revenue there should always be an overarching question as to whether the decisions being taken are advancing the growth potential of the country. The development of the Bahamian economy demands consistent holistic consideration of the pros and cons at play and an intellectually honest and balanced assessment of the tradeoffs necessary to achieve those ends.
Man accused of sexually assaulting 10-year-old girl, granted bail
A 36-year-old man was granted bail after he was accused of sexually assaulting a 10-year-old girl earlier this month.
Resorts World Bimini sale bid behind minority owner’s back
Resorts World Bimini’s minority owner is alleging its Malaysian partner sought to sell the hotel behind its back after realising it could no longer “conceal” the improper dumping of multi-million liabilities on its books.
Sarkis blasts CCA as ‘fraudulently managed’
Sarkis Izmirlian yesterday blasted Baha Mar’s contractor as “a company fraudulently managed by bad actors” while slamming the bankruptcy protection filing by its US arm as a bid to “evade responsibility for its actions”.
‘Best interest’ of all to protect hotels from Sarkis-CCA fight
Two downtown Nassau resorts will not suffer from their owner’s multi-billion dollar legal battle with Sarkis Izmirlian as it is in the “best interests” of all parties that they perform, the FNM’s chairman asserted yesterday.
Tourism revenue expansion to drive 20k coral fragment output
A $1m investment in a pioneering Grand Bahama project’s tourism attractions will drive increased revenues to finance planting more than 20,000 coral fragments annually to rescue the island’s reefs.
BPL fuel hike probe delays ‘raises suspicions, concern’
Delays to the probe into the legality of Bahamas Power & Light’s (BPL) 2022-2023 fuel tariff hikes, which soared by 163 percent in just eight months, “raise suspicions and concerns”, it was argued yesterday.
Glover-Rolle ‘disappointed but not surprised’ by union chief’s remarks
LABOUR Minister Pia Glover Rolle expressed disappointment over recent comments made by Trade Union Congress (TUC) president Obie Ferguson regarding current labour relations.
Straw vendor complaints falling ‘on deaf ears’
AFTER more than a year of straw vendors urging the government to implement a system that would improve their chances of making a profit, Straw Businesspersons Society president Rebecca Small says their requests continue to fall on “deaf ears”.
‘AG does not get to cherry pick’ US court findings on CCA
FREE National Movement (FNM) chairman Dr Duane Sands criticised Attorney General Ryan Pinder’s defence of the Bahamian government in light of a New York Supreme Court ruling that awarded $1.6 billion in damages to Baha Mar’s original developer, Sarkis Izmirlian.
‘Unreliable electricity driving away tourists’
FRUSTRATED residents of Guana Cay, Abaco, say unreliable electricity is driving away tourists and lowering their quality of life.
PM: Ongoing union disputes are very simple matters
PRIME Minister Philip “Brave” Davis has downplayed ongoing union disputes, describing them as “minor” and suggesting they could be resolved through dialogue at the negotiating table.
Female entrepreneurs defeat male rivals on funding return
Bahamian female entrepreneurs generate a greater return on investment than their male counterparts despite accessing on average 42 percent less funding, it has been revealed.
Mass strike warning: ‘We will fight as one’
A labour leader is warning that a mass union strike is “very possible.. at any moment” after all Trades Union Congress (TUC) affiliates agreed to act as a collective “unit” to resolve their workplace grievances.
Probe into legality of BPL’s 163% fuel hikes delayed
An investigation into whether Bahamas Power & Light’s (BPL) 2022-2023 fuel charge hikes, which soared by 163 percent in just eight months, were legal has been delayed until this year.
Economy ‘strain’ with 27% of Bahamians over 60 by 2050
The Bahamian economy and social safety net are set to come under growing “strain” as a result of an increasingly elderly population where more than in four citizens are aged over 60 years old come 2050.
Cousin claims Gibson posing a threat to her safety
LONG Island MP Adrian Gibson, who is on trial for allegedly failing to disclose personal interests in Water and Sewerage Corporation (WSC) contracts, was accused by his cousin, Rashae Gibson, of posing a threat to her safety.
Frustration and grief as two men killed and three bystanders injured
TWO suspects were taken into custody as police investigated a Saturday morning shooting at a barber shop on Bernard Road that left two men dead and three others injured, including a seven-year-old boy.
Teen motorcyclist dies in three-vehicle collision
A 19-year-old motorcyclist succumbed to his injuries in hospital following a three-vehicle early Saturday morning.
