Roberts fearing crime ‘wipe out’
Super Value’s owner fears crime will “wipe out” the economy, with the police seemingly disinterested in investigating thefts and break-ins impacting the private sector.
Ombudsman urged to resolve bank disputes
The Government is being urged to appoint an independent Ombudsman to help resolve disputes between Bahamians and the commercial banking industry.
Ex-Minister partially defeats BREA ‘stay’
The Bahamas Real Estate Association (BREA) and an ex-Cabinet minister can both claim ‘victory’ following the latest round in their legal battle.
Insurers ‘challenged’ over NHI feedback
The Bahamas Insurance Association’s (BIA) chairman says the industry is “challenged” to provide comprehensive feedback on the National Health Insurance (NHI) Bill because the Government has yet to release the accompanying regulations.
Rival queries absence of Bahamasair strategy
A Bahamasair competitor says the Government has failed to adequately explain how it will cut the national flag carrier’s debt and make it profitable, despite signing a $100 million contract to add five new ATR-600 aircraft to its fleet.
Sky Bahamas chief: ‘No encouragement’ in mid-year Budget
A well-known businessman and aviation executive says the 2015/2016 mid-year Budget has given him little encouragement to invest further, reiterating calls for a strategic plan to develop the Out Islands.
DNA pledges ‘revolution’ on investment approvals
The Democratic National Alliance (DNA) has promised to “revolutionise” the Bahamas’ investment promotions and approvals agencies if elected to office, ranking their performance under the Christie administration as “minus 50 per cent”.
Sarkis to local creditors: Unite to pursue $192m
Baha Mar’s original developer yesterday moved to intensify pressure on the Government by calling on the several thousand Bahamian creditors to unite behind pursuit of a $192 million legal claim against the project’s contractor.
BISX listee in talks to settle SEC litigation
A BISX-listed company’s principal yesterday said there was “quite fertile ground” to reach an out-of-court settlement with US federal regulator’s over its subsidiary’s alleged involvement in a $400 million financial fraud.
Gov’t ‘scared’ over transparency reform
The Government is “scared and afraid” to implement transparency-related reforms that are “fundamental” to good governance, the spokesman for a newly-formed civil society group charged yesterday.
Bahamas ‘can surpass’ JA’ on food import drop
The Bahamas can surpass Jamaica’s 11.5 per cent food import reduction during 2016, a senior Bahamas Agricultural & Marine Science Institute (BAMSI) executive said yesterday, adding that the Bahamas is ultimately targeting a 20 per cent reduction.
Hope Bill talks ‘another step’ to aviation strategy
Aviation operators yesterday said they hope discussions over a new regulatory regime are “another step” towards developing a long overdue national plan for the industry.
RBC: Bahamas debt grows beyond 70% ‘danger zone’
Royal Bank of Canada (RBC) has warned that the Bahamas’ debt-to-GDP ratio continues to increase beyond the so-called 70 per cent ‘danger threshold’, with business leaders agreeing that international concerns are valid.
11% power bill fall if renewable energy goal met
The Bahamas could reduce its national electricity bill by 11 per cent through hitting the renewable targets set in its National Energy Policy (NEP), an IMF working paper has estimated.
‘Watered down’ Planning law against public interest
The Government’s proposed “watering down” of planning laws is not in the Bahamian people’s interests, an environmental attorney warned yesterday, as it threatens to undermine sustainable development.
