Central Bank chief: No devalue danger
The Central Bank’s newly-appointed governor yesterday reassured that the Bahamian dollar faced no devaluation dangers, adding that a floating exchange rate may not boost competitiveness.
‘Ridiculous’: PM’s Baha Mar engaged claim questioned
An ex-director yesterday said it was “absolutely ridiculous” for Prime Minister Perry Christie to say he was in contact with all parties involved in the Baha Mar impasse, given that he continued to ignore the original developer.
THE ART OF GRAPHIX: Designing useful lessons for us all
Most people do not really think about design and designers, let alone think of themselves as designers. But can teachers, students and business people learn from designers and their way of thinking?
Nassau/PI room revenue up 3%
Nassau/Paradise Island hotels produced a 3 per cent room revenue increase for the 2015 full-year, with average occupancy rates beating 2014 comparatives for eight out of 12 months.
Labour Dept targets student registrations
The Department of Labour yesterday urged Bahamians students abroad to register for potential job openings at home, in a bid to reduce the dependence on foreign labour.
Steer students to close skills gaps
NOT enough is being done to advise students of career opportunities they could pursue, a well-known trade unionist said yesterday.
Gov’t pushes MSC purchase of GBPA
Mediterranean Shipping Company (MSC) has made an offer to acquire the Grand Bahama Port Authority (GBPA), Tribune Business was told yesterday, amid concerns over “the brute force” being used to force its existing owners to sell.
Cable rights issue hits 70% of target
Cable Bahamas was yesterday said to have raised “about 70 per cent” of its $30.817 million rights issue target, amid concerns from several large shareholders that they did not receive all offering documents.
Gov’t ‘playing with fire’ over $200m spend rise
The Government was yesterday warned it is “playing with fire” through the $200 million year-over-year increase in recurrent spending, with a businessman suggesting this threatens to squander the ‘benefits’ from Value-Added Tax (VAT).
Project to kickstart decade-long jitney unification efforts
The Government is aiming to kickstart a decade-long effort to unify New Providence’s jitney system with a $530,000 pilot project to demonstrate how the scheme will work, in an effort to boost the island’s “economic efficiency and sustainability”.
Bran: Disclose all investor contracts
The Democratic National Alliance’s (DNA) leader yesterday urged the Government to disclose all its commercial agreements with The Pointe and other major investment projects, defying it to prove him wrong over the absence of transparency.
Breathe easier with the natural solution
The quality of our air is being impacted by odours, bacteria, chemicals and pollutants every day.
Gov’t ‘tax and spend’ fear on $200m increase
The Government yesterday expressed “confidence” it will hit its key fiscal targets despite blowing past its forecast 2015-2016 full-year deficit in just six months, with recurrent spending up $200 million year-over-year.
Chamber chair queries Budget figures accuracy
The Chamber of Commerce’s chairman yesterday said the Government’s failure to-date to adopt international public sector accounting standards meant the accuracy of its Budget figures was questionable.
PM promises $16m CLICO cash payout
The Prime Minister yesterday said a collective $16 million cash payout to victims of the CLICO (Bahamas) debacle would begin before month’s end, amid warnings little has been done to prevent similar financial collapses from occurring in the future.
