Baha Mar owner: April 21 ‘no sham’
Baha Mar’s new owner yesterday said it will not repeat the mistakes of previous developer, Sarkis Izmirlian, and reassured that its ‘soft opening’ on April 21 is “not a sham”.
CTFE confident casino concerns all addressed
Baha Mar new owner is confident it has addressed any concerns over its suitability for a gaming license, adding that its casino could rival those in Las Vegas or other global gaming destinations.
Newly-opened PI hotel ‘comes alive’
The Warwick Paradise Island resort expects occupancy levels will continue climbing following last week’s official opening, with executives telling this newspaper: “The hotel has come a long way”.
Road Traffic: Commercial vehicle month ‘good now’
The Road Traffic Department’s principal yesterday said it had finally gotten a handle on the massive licensing backlog caused by commercial vehicle month month falling in March.
Aliv’s bond offering ‘100% oversubscribed’
The Bahamas’ new mobile operator yesterday said it had received “a resounding vote of confidence” from local investors, after its $30 million bond offering was “100 per cent oversubscribed”.
PM’s Office sees budget quadruple
The Government has quadrupled the 2016-2017 Budget for the Prime Minister’s Office to $79.947 million, an increase that was yesterday branded “absolutely crazy” by its political opponents.
Bahamas needs $160m primary balance swing
The Bahamas needs a $160 million “adjustment” to its primary fiscal balance if this nation’s debt-to-GDP ratio is to achieve long-term sustainability, the Inter-American Development Bank (IDB) has warned.
Road Traffic pledges to ‘burn midnight oil’ over vehicle backlog
The Road Traffic Department’s top executive yesterday pledged it will “burn the midnight oil” to alleviate a massive licensing backlog caused by March being commercial vehicle month.
Bahamas ranked low on financial stability reporting’s quality
The Central Bank has been criticised by an International Monetary Fund (IMF) paper over the quality of its Financial Stability Report, which was ranked fourth-bottom out of 20 Latin American and Caribbean nations.
IAN FERGUSON: Let workers know you value them
Despite all the books, articles and scholarly works on leadership, the basic principles are sometimes missed by those holding senior roles in business. World-class leadership calls for many defining qualities, and while some possess many of the characteristics, others are challenged to demonstrate ‘the principal thing’. That is, impactful leaders value and esteem others. It is that simple.
Carnival suffers 50% Gov’t subsidy slash
Bahamas Junkanoo Carnival yesterday confirmed that its government subsidy has been cut by 50 per cent compared to 2016, with organisers reaffirming that they are “moving speedily” towards privatisation of an event now in its third year.
$350m deficit: ‘Genie can’t go back in bottle’
The Government’s increased $350 million deficit forecast for the 2016-2017 Budget year was yesterday challenged by its opponents, who argued: “It’s impossible to put the genie back in the bottle.”
Gov’t increases its spending by $285m
The Government was yesterday accused of “spending on testosterone” after it increased 2016-2017 recurrent expenditure estimates by $232.708 million in the mid-year Budget.
Unions: We’ll stop employers ‘ripping out workers’ guts’
Trade unions yesterday promised they would “continue to agitate” for an increase in the 12-year redundancy ‘cap’, arguing that only they stood between employers “ripping the guts out of working people”.
PM: 40% of VAT money to deficit
Prime Minister Perry Christie yesterday said 40 per cent of the $1.14 billion Value-Added Tax (VAT) revenues has gone towards reducing the deficit, as he gave an accounting designed to end the “grave and nonsensical misconceptions that revenues were being squandered”.
