Bahamian firms ‘50% lower’ than rivals for jobs and productivity
Bahamian companies are “performing at 50 per cent or below productivity, growth and employment levels” when compared to firms in similar small economies, an Inter-American Development Bank (IDB) report has found.
Farmers seeking $60m Govt recovery funding
New Providence farmers are seeking a $60 million government subsidy to help their operations recover from “the heart-wrenching double whammy” of Hurricane Matthew and contaminated feed.
Landfill RFP ‘took the wind out of us’
The Bahamian group bidding to take over the New Providence landfill’s management yesterday said it had “the wind taken out of us” by the Government’s decision to put the contract out to public tender.
‘Totally depressed’ over farming thefts
New Providence farmers were yesterday said to be “totally depressed” by the rampant theft of livestock and goods from their properties, which has increased in frequency since Hurricane Matthew.
Jobless benefit rise shows the economy ‘really, really bad’
A National Insurance Board (NIB) executive says an increase in unemployment benefit applications shows “all is not well” with the Bahamian economy, with new contributors to the social security scheme declining.
Govt needs people who ‘understand business’
Negotiations over the Employment Act reforms went into last night, with one employer warning it would be “difficult to stay in business” until persons who understand the private sector enter Government.
FNM says govt has failed Grand Bahama
THE government has been criticised for its inability to create a comprehensive relief plan for Grand Bahama where many Bahamians are struggling.
ART OF GRAPHIX: Shopping altered images as false
What is false advertising? According to the dictionary, this is “any advertising or promotion” that misrepresents the nature, characteristics, qualities or geographic origin of goods, services or commercial activities.
Measure VAT success from deficit reduction
Value-Added Tax’s (VAT) success can only be measured by the extent to which it reduces the fiscal deficit, a Bahamian economist saying: “You can’t call VAT a success if you have not reduced your deficit.”
Govt plans RFP for landfill deal
A Cabinet Minister yesterday said the Government was planning to issue a structured tender, seeking proposals to manage and remediate the New Providence landfill, “as soon as possible”.
Tourism to dominate ‘my generation and the next’
Tourism will be the dominant driver of Bahamian jobs and GDP “for mine and the next generation”, a senior Baha Mar executive predicted yesterday, with international forecasts potentially under-estimating the project’s jobs impact.
CLICO’s liquidator renews health policy ‘terminate’ warning
CLICO (Bahamas) liquidator has again warned that he will have to terminate all the insolvent insurer’s medical policies unless the portfolio can be “immediately” transferred to its proposed new underwriter.
NHI doctor sign-on ‘reasonable, not huge’
National Health Insurance’s (NHI) assistant project director yesterday said the number of doctors registering to provide services was “not huge but reasonable”, amid ongoing ‘care quality’ concerns surrounding the scheme.
Chamber chief says labour law revisions ‘seem to have held’
The Chamber’s chairman yesterday said agreed changes to the labour law reforms “seem to have held”, as numerous draft Bills were circulated between the Government, private sector and trade unions in a bid to conclude the controversial exercise.
Govt targets Wednesday for labour Bills passage
A Cabinet Minister said yesterday that the final amendments to the Employment Act and Industrial Relations Act will be passed in Parliament on Wednesday.
