Chamber chief tells trade unions: Break with the ‘old ways’
The Chamber of Commerce’s chief executive yesterday warned that union threats against foreign investors were “not healthy” for the Bahamas’ economic development, as he urged them to break with “the old ways”.
Private sector response ‘underwhelms’ C Bank
The Central Bank will develop exchange control liberalisation recommendations that may “take effect” in 2017, despite an “underwhelming” private sector response to its call for data.
IAN FERGUSON: Entreprenurial ideas for Bahamians in ‘17
At the beginning of each New Year, dreamers begin to formalise their plans, and stretch themselves to realise their goals. One goal that seems to occupy the minds of millions, and perhaps billions, of people throughout the world is that of entrepreneurship. People love the thought of owning and operating their own business. Despite the 90 per cent ‘fail’ rate for such start-ups, many Bahamians remain willing to assume the risk of engaging in sole proprietary enterprise.
‘Tragedy’ if National Development Plan affected by politics
A private sector representative yesterday warned it would be “a tragedy” if political developments impacted the content, direction and implementation of the National Development Plan (NDP).
ICAO: Bahamas becoming regional aviation leader
The Bahamas is emerging as a regional leader in air transport development through collaboration with the International Civil Aviation Organisation (ICAO), its president said.
Bahamas not ready for exchange control end
The Bahamas is not ready for any “outright removal” of exchange controls, the Central Bank’s governor said yesterday, adding that it sees “significant room” for the targeted liberalisation of capital flows.
Bahamian group seeks landfill LOI
A Bahamian consortium yesterday said it was eagerly hoping to obtain a Letter of Intent (LOI) from the Government so it can proceed with plans to take over the New Providence landfill’s management, where conditions are said to be “getting more dangerous by the day”.
Bran: ‘Natural justice denied’ over VAT fines
Bahamian businesses are being denied “natural justice” by the absence of a properly-defined appeals process for resolving Value-Added Tax (VAT) disputes, the Democratic National Alliance’s (DNA) leader has blasted.
OECD urged G-20 to press Bahamas over tax exchange
The world’s most powerful nations were earlier this year urged to pressure the Bahamas into agreeing to the multilateral approach for automatic tax information exchange, something it has so far resisted.
Freeport web shops: Govt can ‘co-exist’ with GBPA licence
The Government believes itself and the Grand Bahama Port Authority (GBPA) can “co-exist” on the licensing of Freeport-based web shops, provided the latter does not “usurp” the Gaming Board.
Reforms ‘pending’ to reduce Govt’s Central Bank credit reliance
The Central Bank’s governor has revealed there are “pending” legislative reforms that are designed to “gradually reduce” the Government’s dependency on it to provide debt financing.
Bahamas facing $500m climate impact by 2025
Climate change impacts could cost the Bahamian economy almost $500 million annually by 2025, the Inter-American Development Bank (IDB) has warned, with “badly designed” infrastructure and coastal erosion increasing the threat.
Nassau port operator mulls $65m Haiti bid
The Nassau Container Port’s (NCP) operator is evaluating whether to bid on a $65 million port redevelopment project in Haiti, as it targets “material financial benefits” from expanding into the Caribbean.
BPL ‘more ambitious’ than Govt with 20% renewables in 5 years
The Deputy Prime Minister yesterday touted Bahamas Power & Light’s (BPL) business plan as even “more ambitious” than the Government’s National Energy Policy (NEP), calling for renewables to generate 20 per cent of this nation’s electricity within five years.
Union: Ocean Club blindsided, misled us on terminations
The hotel union yesterday accused the One & Only Ocean Club of blindsiding and misleading it over yesterday’s move to terminate 61 staff from the high-end Paradise Island resort.
