Minnis: Entice Bahamians, not China, to fund $268m hospital
An ex-prime minister yesterday argued the Government should have exploited $3bn-plus in surplus banking system assets to entice Bahamian investors to finance New Providence’s new hospital rather than the Chinese state, asserting: “The time has come to encourage our own”.
Bahamians ‘being driven out of financial services’
The Attorney General yesterday agreed that The Bahamas must find a “fair balance” between skilled expatriate labour and locals after Bahamian attendees at a Securities Commission seminar complained they “are being driven out of the financial services industry”.
‘Don’t permit the big boys with mega bucks to rob us’
Two Opposition MPs yesterday challenged the $1.6m purchase price for a land parcel that is vital to “unlock” Baha Mar’s $350m expansion, with one asserting: “Don’t let the boys with the mega bucks rob us.”
‘Treat Bahamians like expats to entice them to Out Islands’
A senior Baha Mar executive yesterday warned that attracting skilled workers to the Family Islands may require treating Bahamian employees like expatriates, offering benefits and incentives traditionally reserved for foreign staff to lure them to high-demand tourism roles.
Baha Mar: Ex-PM to ‘hold feet to fire’ on residents’ fears
A former prime minister yesterday pledged he and nearby residents will hold Baha Mar and the Government’s “feet to the fire” over noise and health fears stemming from the mega resort’s likely use of two-plus acres that will “unlock” its $350m expansion project.
IAN FERGUSON: How Bahamian companies overcome labour shortages
As The Bahamas continues to experience a persistent shortage of skilled labour, local businesses are being pushed to rethink how they recruit, retain and manage talent.
Bahamas’ perfect anti-financial crime score can ‘all be undone very quickly'
A Cabinet minister yesterday warned that The Bahamas’ perfect compliance with the 40 recommendations set by the world’s anti-money laundering standard setter can “all be undone very quickly” as this nation prepares for its fifth round of assessments.
New construction permits exceed $1bn value mark
The Bahamas last year breached the $1bn mark in the value of new construction permits issued, it was revealed yesterday, as their collective value increased by $305m compared to 2023.
Realtor teams with developer on Lyford Hills second phase
A Bahamian realtor has teamed with Lyford Hills to officially launch the second phase of the western New Providence community’s development with a mixture of single family and multi-family lots.
Family Island hotel chief urges sweeping cost cuts
The Bahama Out Island Promotion Board’s president yesterday called for a co-ordinated national strategy to lower costs and improve efficiency so that the tourism industry remains competitive as he warned the sector cannot remain viable without sweeping expense reductions.
AI adoption is only way for Bahamas to compete
Adoption and use of artificial intelligence (AI) tools is the only way The Bahamas will be able to compete globally, a technology specialist argued yesterday.
Gov’t paying $39m to buy Harbourside from Doctors
The Government is paying $39m over a ten-year period to acquire the recently-completed Harbourside in-patient facility on East Bay Street from Doctors Hospital, it was revealed yesterday.
Rosewood Exuma opponent in legal challenge go-ahead
Opponents of the $200m Rosewood Exuma resort yesterday hailed the Supreme Court go-ahead for their bid to overturn the project’s environmental approvals on the basis that they were obtained via a “shifting series of plans”.
Insurers: Make sure NHIhas ‘necessary resources’
Bahamian health insurers yesterday urged the Government to ensure the National Health Insurance (NHI) overseer has the “necessary resources” to properly implement its newly-legislated mandate, adding: “As long as they’re ready, we’ll be ready.”
Grand Lucayan buyer awaiting building go-ahead in early 2026
The Grand Lucayan’s purchaser is expected to receive the necessary permits and approvals to proceed with construction activities during the 2026 first quarter, it was revealed yesterday.
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