Near-15% growth boost if collateral bar slashed
The Bahamian economy will enjoy a 15 per cent GDP growth surge if lenders reduce collateral requirements for business borrowers to world minimum levels.
Bank of the Bahamas reveals 30 lay-offs
BANK of the Bahamas (BOB) yesterday confirmed around 30 jobs will be lost as part of its bid to return to sustained profitability following recent branch closures.
Ex-minister: $750m bond to ‘slow economic growth’
A FORMER finance minister yesterday warned that the Government’s $750 million bond could “slow down economic growth” by further increasing the banks’ $1.7 billion in excess liquidity.
Christie Gov’t breached ‘Budgetary allowance’
THE Deputy Prime Minister yesterday accused the Christie administration of breaching its Parliamentary-approved spending limits, revealing he had to defend its actions before international investors.
Government drafts new Fisheries Act
A Cabinet Minister yesterday said a new Fisheries Act has been drafted, and is now being prepared for submission to the Cabinet. Renward Wells, minister of agriculture and fisheries, made the revelation while addressing Parliament yesterday. “A new F
BTVI outfitted for renewable courses
A BAHAMIAN renewable energy provider has begun to outfit the Bahamas Technical and Vocational Institute (BTVI) to offer solar courses.Philip Holdom, president of Alternative Energy Supply, and chief technology officer of Sustainable Energy, is readyi
Bahamas urgedto combat businessease negativity
THE Bahamas must move to combat international perceptions that it is much slower and expensive to do business in this country, a prominent attorney warned yesterday. Christel Sands-Feaste, a Higgs and Johnson partner, while speaking on a panel at the B
Tough questions needed at Cable Bahamas' AGM
TONIGHT, Cable Bahamas holds its first annual general meeting (AGM) in 16 months. Shareholders should come prepared to ask the tough questions that management is doing its best to avoid.Cable Bahamas’ management says it has a good story to tell. Whil
Nassau’s harbour disrepair ‘threatens economic viability’
“Heavily degraded” infrastructure in Nassau harbour is “threatening the Bahamian economy’s viability” by hurting cruise and commercial vessel access, an IDB report has warned.
Unions: ‘Don’t box ourselves in’ over WTO by year 2019
Trade union leaders have urged the Government not to “box ourselves in” to joining the WTO by 2019, fearing there will be “very, very serious” consequences for Bahamian workers.
Govt’s $750m bond is ‘3x’ oversubscribed
THE Government last night said the outcome of its $750m bond issue was “as favourable as we could have expected”, with the placement more than three times oversubscribed.
Bahamas only per capita GDP faller within the Caribbean
THE Bahamas was yesterday exposed as the only Caribbean nation to suffer a decline in per capita GDP this century, while also being the “notable exception” to major tourist arrivals growth.
‘Now is time to get serious’ over economic reform
A CABINET Minister yesterday warned that “now is the time to get serious” on economic reform, warning that change will be “uncomfortable and contentious” for many.
Failure fear 'cripples' entrepreneurial spirit
A BAHAMIAN entrepreneur yesterday said access to financing and the fear of failure were “killing the entrepreneurial spirit” in the Bahamas, as he recalled being turned down by 17 financiers. Lincoln Deal II, the JetLink Adventures founder and chief
Baha Mar opens SLS hotel to paying guests
BAHA Mar yesterday achieved another milestone when its 299-room SLS property opened to guests for the first time.Reservations have gone live for the $4.2 billion project’s second new hotel property, with the SLS joining Grand Hyatt as the new flag/br
