Port Dept’s $600k tug boat repairs are ‘exorbitant’
The Auditor General has urged the Port Department to assess alternative options for its tug boat fleet, branding the over $600,000 spent on repairs as “exorbitant” and not necessarily providing taxpayers with ‘value for money’.
Free trade push ‘irresponsible’ with exchange controls
A governance reform advocate yesterday argued it would be “irresponsible” for the Government to commit the Bahamas to rules-based trading regimes unless local companies enjoyed equal access to credit.
Matthew ‘doubles’ building supplier’s solar enthusiasm
A well-known building materials supplier’s enthusiasm for its solar photo voltaic (PV) system, which has slashed energy costs by up to two-thirds, “doubled” after it survived Hurricane Matthew intact.
Fishermen blast $2.1bn China deal
Bahamian fishermen have slammed the proposed $2.1 billion Chinese agricultural and fisheries investment on Andros, describing it as “very worrisome” and something they cannot support.
Govt ‘bites off more than it can chew’ on $2bn China proposal
The organiser of an online petition that has obtained almost 4,000 signatures against the $2.1 billion Chinese agriculture/fisheries proposal yesterday expressed confidence the Christie administration has “bitten off more than it can chew”.
Crawfish season is branded ‘productive’
The Bahamas Commercial Fishers Alliance’s (BCFA) president has described the 2016-2017 crawfish season as “productive”, telling this newspaper: “We hope the trend continues.”
Top investors lead Port Dept’s $5m debtor list
The Port Department has been blasted for failing to collect almost $5 million in due revenues, with some of the Bahamas’ largest investors owing unpaid bills dating back to the last century.
Minister admits Small Homes surveyor did ‘not produce’ properly
A Cabinet Minister has admitted that the company hired to oversee Urban Renewal’s $3.2 million Small Homes repair project was out of its depth, and that there were minimal qualifications required from contractors.
‘Low hanging fruit’ to receive $8-$10m Baha Mar payout
Baha Mar’s creditor payout committee yesterday estimated that up to 200 Bahamian companies will receive a collective $8-$10 million, as it begins cheque distributions to more “low hanging fruit”.
Employment may ‘slightly improve’ after Matthew
The Central Bank of the Bahamas yesterday gave a mixed short-term outlook for the Bahamian economy post-Hurricane Matthew, predicting that employment may “slightly improve” even though the tourism industry will be “below trend” in the Christmas run-up.
Key industries to get ‘more flexibility’ on foreign capital access
Certain industries will be given “more flexibility” than others to raise financing from foreign sources should the Central Bank’s latest proposed exchange control relaxations be approved, its Governor said yesterday.
IAN FERGUSON: Employee well-being is vital post-Matthew
Abraham Maslow provides a psychological framework that reminds us of how important it is to meet human needs, thus allowing people to achieve a level of self-actualisation, efficiency and productivity. When individuals are unable to have their very basic needs met, it becomes quite challenging for them to live out their best existence.
Bahamas ‘fortunate’ over Registry leak
The Bahamas Financial Services Board’s (BFSB) chief executive yesterday said the Bahamas had been “fortunate” in that the 1.3 million files ‘leaked’ from its Companies Registry were already public documents.
Matthew highlights need for Business Continuity
Hurricane Matthew’s impact has underscored the need for Bahamian companies to implement business continuity management (BCM) and disaster recovery strategies, the Bahamas Financial Services Board’s (BFSB) chief executive said yesterday.
‘Not enough good people to right Bahamas’ ship’
The Bahamas “lacks enough good people to right the ship”, a leading governance reform advocate said yesterday, as it continues to lose more than two-thirds of its brightest minds every year.
