‘Shine light’ on Grand Bahama
The Government has been urged to “shine the light” on Grand Bahama and “stop pushing everything to Nassau”, a real estate broker arguing that the island is simply “not on anyone’s radar”.
Matthew gives Bahamas $300m reinsurance boost
The Bahamas Insurance Association’s (BIA) chairman has estimated that this nation will benefit from a $300 million foreign currency inflow from reinsurers as a result of Hurricane Matthew.
PHA eliminated in NHI structure
The Government is proposing to eliminate the Public Hospitals Authority (PHA) by merging it with the Department of Public Health to create a “single governance regime” for National Health Insurance (NHI).
New car dealer blow from Auto Show postpone
Bahamian new car dealers were yesterday said to have suffered a fresh blow with Mall at Marathon renovations forcing the likely postponement of the annual Car Show, as one operator likened the market to “Dodge City”.
‘Dump burns for same reason the country is broke’
The New Providence landfill inferno has again exposed the Bahamas’ poor governance, a prominent reformer yesterday saying: “The same reason the dump is burning is the same reason the country is broke.”
RBC withdrawal may send Bahamas ‘rogue’
The Bahamas could be perceived as having gone “rogue” if Royal Bank of Canada’s (RBC) pull-out drives Bimini and Spanish Wells residents to use web shops for mainstream financial services transactions, a local provider warned yesterday.
PM: Improved offer for Grand Lucayan
Prime Minister Perry Christie yesterday said he had held Wednesday afternoon talks with the preferred buyer for the Grand Lucayan resort complex, describing the discussions as “very positive” after it improved its offer to Hutchison Whampoa.
IAN FERGUSON: Providing the platform for your ‘stars’ to excel
Every workplace employs super stars: Employees who far exceed the potential and performance of other worker. Researchers indicate that between 7-9 per cent of your employees have the natural inclination, and aptitude, to deliver great value that far exceeds the output of average staff.
Container Port to combine expansion with storm repairs
Prime Minister Perry Christie said yesterday that his administration has “remained in dialogue” with Hutchison Whampoa and Mediterranean Shipping Company (MSC) over the $250 million Freeport Container Port expansion, which will likely be incorporated into post-Hurricane Matthew repairs.
Insurers ‘watching’ for NHI regulations
The Government has yet to publish the regulations that will govern the National Health Insurance (NHI) scheme, with Bahamian insurers yesterday said to be “watching the landscape” ahead of the planned $100 million primary care phase roll-out.
GB needs to ‘break away from two-sector economy’
The private sector remains optimistic about Grand Bahama’s future, its Chamber of Commerce president said yesterday, although the island may need to “widen” its economic model beyond the industrial and tourism sectors.
Realtors reject $1m investment threshold
The Bahamas Real Estate Association’s (BREA) president yesterday confirmed realtors had rejected doubling the permanent residency investment threshold to $1 million, amid indications the Government may press ahead with the increase regardless.
Hard Rock eatery ‘valueless’, claims ex-Nassau owner
Hard Rock Cafe’s former Nassau franchisee has moved to overturn the dismissal of its $18.877 million damages claim for “deceptive and unfair business practices”, claiming its Charlotte Street restaurant was “valueless” and of no worth.
Freeport taxation breaks extension ‘takes heat off’
The one-month extension for Freeport businesses to apply for renewal of their expired tax breaks has “taken the heat off”, the Grand Bahama Chamber of Commerce’s president said yesterday, but numerous concerns remain.
Realtor targets 50% growth via RE/MAX tie-up
A Bahamian realtor yesterday said he believes he can grow his business by 50 per cent within the next three years through an “excellent marriage” that has brought the RE/MAX brand back to this nation.
