Marina project eyes ‘Blue Flag’ quality stamp
Genuine environmental concerns over the Abaco Club’s marina project should be satisfied by the 44-slip facility’s bid for Blue Flag status, a Cabinet Minister said yesterday.
Don’t make Moody’s a ‘political football’
The Bahamas will have “no one to blame but ourselves” if Moody’s follows through with its threat of a potential ‘junk’ downgrade, the Chamber of Commerce’s chief executive yesterday urging all politic
‘Deceptive indicators’ hurt Budget estimates
The Chamber of Commerce’s chairman believes the use of “misnomers and deceptive indicators” are causing the Government to consistently miss unrealistic Budget and fiscal targets.
Fiscal hawk fears politicians won’t ‘face the music’
The Government yesterday asked Moody’s to ‘take a bet’ that its economic growth and Budgetary initiatives will succeed, as a well-known fiscal hawk said: “They’re not going to have to face the music.”
Businesses monitor air cargo fall-out
Bahamian businesses are continuing to monitor the fall-out from new and increased Customs fines on the air cargo industry, which has prompted some carriers to threaten to withdraw from this market.
Ex-Senator renews call for Bahamian industry ownership
Bahamians must have ownership of key economic sectors "from the top straight through the supply chain", a former FNM Senator is arguing, adding that this would protect the "haemorrhaging" foreign currency reserves.
De-risk 'client migration' to benefit larger banks
Correspondent bank 'de-risking' could drive another wave of Bahamian financial services consolidation by sparking "client migration" to larger institutions, a former finance minister has warned.
Reform progress 'a lot slower' than Bahamas desires
The Chamber of Commerce's chairman yesterday admitted the Bahamas' economic and fiscal reform process was moving "a lot slower" than desired, as he called for unity to ward off a threatened downgrade.
Gov't 'oblivious' to fiscal, economic woe
The Democratic National Alliance's (DNA) leader yesterday accused the Government of being "oblivious" to the Bahamas' economic and fiscal woes, describing the latest downgrade threat as "scary stuff".
Gov't urged: 'Change air cargo fines today'
The Government has been urged to "amend right away this Monday" the new and increased Customs sanctions on air cargo operators, a Bahamian courier company branding them "ridiculous".
Govt sought BPL fix in 12-months
The Government wanted Bahamas Power & Light's (BPL) manager to guarantee its facilities would match the operational standards of comparable energy utilities within a year of taking over, Tribune Business can reveal.
Bahamas facing Moody's downgrade threat in two months
THE Bahamas faces the prospect of a fresh credit rating downgrade within the next two months, after Moody's was stunned by data showing two consecutive years of recession.
Air cargo costs to rise ‘tremendously’
Bahamians were yesterday warned that the cost of imported air freight will increase “tremendously” as a result of the new Customs fees and fines set to be imposed on operators from today.
Services Coalition ‘irony’ over WTO
Lack of private sector involvement has been a key factor in why the Bahamas’ bid for full World Trade Organisation (WTO) membership has lasted 15 years and counting, a former Securities Commission principal believes.
Gov’t ‘accelerates’ WTO member push
The Government’s reconstituted trade negotiating bodies face a “huge task”, its chief negotiator acknowledged yesterday, adding that his appointment showed it wanted to “accelerate” the Bahamas’ accession to full World Trade Organisation (WTO) membership.
