‘No time to celebrate’ unemployment decline
A Cabinet minister says it “is no time to start celebrating despite the 2.1 percentage drop in the Bahamas’ unemployment rate to 12.7 per cent, as he predicted a further decline come November.
URCA orders ‘middle ground’ on NewCo’s BTC roaming period
Regulators have ordered a ‘middle ground’ compromise on how long NewCo2015 can use the Bahamas Telecommunications Company’s (BTC) network to deliver its own mobile services, stipulating a 24-month time period.
Campbell named as HoldingCo chairman
A former Colina Insurance Company president has been appointed as chairman of HoldingCo, the entity that will hold the 51.75 per cent majority stake in the Bahamas’ new mobile phone operator.
New business growth ‘only way’ to cut unemployment
The Bahamas “must do everything it can” to encourage new entrepreneurs and get existing businesses to expand, the Chamber’s chief executive arguing this is “the only way” to slash unemployment.
Sarkis pushes for full Baha Mar liquidation
Sarkis Izmirlian yesterday again sought to present himself as the ‘champion’ of Baha Mar’s unsecured Bahamian creditors, as he moved to push the $3.5 billion development into full liquidation.
QC hired for ‘FLIP’ probe
Concerned Grand Bahama Port Authority (GBPA) licensees have hired a well-known QC to research potential legal remedies over the controversial Freeport Light Industrial Park (FLIP).
QC blasts Sarkis for ‘obstruction’
A well-known QC last night accused Sarkis Izmirlian of mounting “a last ditch effort to obstruct” the potential resolution of the $3.5 billion Baha Mar impasse.
Sarkis fears Baha Mar ‘undervalued’ in sale
Representatives for Sarkis Izmirlian yesterday expressed concern that Baha Mar’s receivers were under such pressure that they might “undervalue” the project in any sale, and “abandon” potential assets.
Bahamian airline mulls staying open
A Bahamian airline executive said yesterday that, in company with local auto dealers, he is at the point of assessing whether to stay in business or not, having already scaled back operations and reducing staff by 17 per cent.
‘Not out of the woods’ with downgrade escape
The Bahamas will not be “out of the woods” should it escape Moody’s threatened downgrade, the Chamber’s chairman warning yesterday that the country will face continued “scrutiny” on a revolving six-month cycle.
AML targets second Carl’s Jnr for Q4
AML Foods yesterday confirmed the second outlet for its Carl’s Jnr burger franchise will open on Carmichael Road during the 2016 fourth quarter, as it continued to bridge “the huge confidence gap” among consumers.
Contractor chief: PM’s Baha Mar pay pledges ‘don’t mean anything’
The Prime Minister’s repeated promises that Bahamian contractors will be paid for Baha Mar work “doesn’t mean anything to us”, the Bahamian Contractors Association’s (BCA) president said yesterday, adding: “It’s all up in the air.”
Central Bank dismisses devaluation threat fear
The Central Bank last night dismissed suggestions that the Bahamian dollar faces a devaluation threat, pointing out that foreign currency reserves were “well above” global benchmarks at more than $1 billion.
Risk takers’ bank preference exposes ‘state of economy’
The preference shown by ‘risk takers’ for leaving capital in the bank, earning minimal returns, “says a lot about the state of the Bahamian economy”, an auto dealer believes.
ART OF GRAPHIX: Showcasing the art behind typography
Is typography an art? This question is like asking if photography is an art. Certainly, there are photographers and typographers whose ideas and techniques raise their work to the level of art.
