Downtown killing lays foundation to ‘destroy economy’
The Minister of Tourism is “deeply concerned” after a minibus driver was shot and killed in downtown Nassau last week, warning that such incidents are laying the foundation “for the total destruction of our economy”.
Minister seeks more airlift for Baha Mar
Baha Mar’s opening will usher in a new era in Bahamian tourism, a Cabinet Minister has promised, as his Ministry seeks out additional airlift to support the $4.2 billion development.
Central Bank warns over ‘repeat findings’
The Central Bank has warned licensees that it has seen “a significant incidence of repeat findings”, where issues identified by regulators in on-site examinations have not been resolved despite assurances to the contrary.
‘De-risking’ hits Bahamas costs clearance times
Bahamian financial institutions have incurred higher customer due diligence costs, and experienced longer transaction clearance times, due to global correspondent banking ‘de-risking’ trends.
‘No one should pull against Baha Mar’
Baha Mar is “no saviour” despite its potential to be a top GDP producer for the Bahamas, the Chamber of Commerce’s chairman predicting the project will be a ‘case study’ for how this nation manages such developments.
Jerome: My family’s firm was at Baha Mar
Jerome Fitzgerald has finally confirmed to Tribune Business that his family’s company did perform work at the $4.2 billion Baha Mar project, but not for the developer or any of its affiliates.
PM urged: ‘Show some spine’ and fire Fitzgerald
A Sarkis Izmirlian ally yesterday urged Prime Minister Perry Christie to “show some spine and fire” his Minister of Education over revelations that he tried to exploit his Cabinet position for private advantage.
Social entitlements ‘worthless’ without Govt fiscal order
The social entitlement programmes promised by all the political parties are “worthless unless we get our fiscal house in order”, a leading governance reformer urging: “Grow the economy, shrink the Government.”
Landfill ‘biggest pain source’ for Bahamas Waste
Bahamas Waste yesterday branded the New Providence landfill “our biggest source of pain” in 2016, with “disastrous” waiting times and equipment damage undermining revenue performance that was 8 per cent above expectations.
Save the Bays enjoys ‘karma’ on Fitz e-mails
Save the Bays’ legal director yesterday branded the controversy surrounding Jerome Fitzgerald as “karma is a b****”, adding that the Bahamas’ international reputation has been dealt “yet another blow”.
IAN FERGUSON: ‘Shout outs’ to the employee ‘X’ factor
We are products of our environment. Much of the culture that generations live out is as a direct result of what they have seen.
FNM ‘prepared to gamble’ on inner city inhabitants
The Free National Movement’s (FNM) deputy leader yesterday defended the party’s plans to revitalise ‘Over-the-Hill’ and inner-city communities through a comprehensive set of tax breaks, arguing that such incentives would positively impact residents’ lives.
Transparency demands ‘can’t be stressed enough’
The need for the Bahamas to have greater transparency and accountability in governance “cannot be stressed enough”, Transparency International’s local representative said yesterday.
Court expresses ‘highest condemnation’ of Govt
The Supreme Court was yesterday said to have “expressed the highest possible condemnation” of the Government and Bahamas Customs’ conduct during a six-year legal battle with a prominent Freeport retail/wholesale business.
South Ocean sale process is revived
A new sales process has been initiated for the long-closed South Ocean resort, a Cabinet minister yesterday describing the property’s revitalisation as key to the Bahamas achieving higher GDP growth rates.
