Baha Mar launches Hospitality Academy
BAHA Mar has launched its Hospitality Academy in a bid to equip Bahamians with the necessary skills and expertise for a career in the resort and tourism industries.The Baha Mar Hospitality Academy is a four-week programme aimed at developing future w
Minister: Gov't 'serious' on bank fee complaints
THE Minister of Labour yesterday moved to reassure Bahamians that the Government is serious about tackling complaints over bank fee increases.Speaking with Tribune Business, Dion Foulkes said: “What happened was there have been some recent increases
Minister reiterates call for economic 'liberalisation'
A Cabinet minister yesterday said “liberalisation” is needed to allow the Bahamas to fight the challenges of the modern economy.While addressing Parliament, Brent Symonette, minister of financial services, trade and industry and Immigration, said the
THE ART OF GRAPHIX: Trumpeting the way to better productivity
THEY say music is the universal language. Is this true? Or could it be that the art in music itself is a healer through its expression of humanity? It is something we are all touched by and, regardless of cultural background, everyone loves music.Par
BPL develops Bahamianmanagement strategy
BAHAMAS Power and Light’s (BPL) Board has developed a plan that will place the monopoly electricity provider back under Bahamian management, its chairwoman revealed yesterday.Darnell Osborne told Tribune Business that the Board’s proposal also includ
Gov’t blocks huge Customs shake-up
The Deputy Prime Minister yesterday confirmed he has halted the transfer of more than 250 Customs officers due to the upheaval such a shake-up threatens to cause.
Insurer chair: IMF ‘hits nail on head’ over disaster risk
THE IMF “hit the nail on the head” over the Bahamas’ disaster exposure, a senior insurance executive yesterday urging a “holistic” approach that includes the regional catastrophe scheme.
Attorney urges 30% residency threshold slash for Freeport
A prominent attorney yesterday urged that Freeport’s permanent residency investment threshold be cut to $350,000, warning: “Freeport is no longer dying; it’s dead.”
Ex-BPSU chief says $70m wage bill cut ‘impossible’
THE Bahamas Public Service Union’s (BPSU) former president yesterday argued it was “impossible” for the Government to do the IMF’s bidding and slash the civil service wage bill by $70 million.
Gov’t ‘won’t sink economy’ with Christie’s $1.3bn NHI
THE Minister of Health yesterday pledged the Government will “not sink the economy” by implementing a National Health Insurance (NHI) model that could cost $1.26 billion at full roll-out.
‘Cut civil service wage bill by $70M‘
The IMF has urged the Government to slash the civil service wage bill by almost $70 million, as it slammed the Christie administration’s “lax spending controls” pre-general election.
National lottery ‘front and centre’
THE creation of a Bahamian national lottery is “front and centre” for the Gaming Minister, who yesterday warned web shops: “The status quo needs tweaking.”
Central Bank breached legal Gov’t bond limits
THE Central Bank breached its legal limits by increasing government bond holdings to $200 million in the wake of Hurricane Matthew, the IMF has revealed.
IMF: 65% bank asset fall’s ‘modest’ impact
THE international financial services industry’s “sharp contraction”, with total bank assets shrinking 65 per cent in the five years to 2016, has only “modestly” impacted the Bahamian economy.
Bahamian dollar ‘over valued’ by 10-20%
THE Bahamian dollar is “overvalued between 10-20 per cent”, the IMF has revealed, warning that this is further eroding the economy’s cost competitiveness.
