‘Nothing to show’ for $2bn borrowing
The Opposition’s finance spokesman believes the Christie administration has “nothing to show” for more than $2 billion in borrowing since assuming office in 2012.
IAN FERGUSON: The script for gender equality in business
This week’s constitutional referendum has stirred heated passions across the Bahamas regarding gender equality.
Private sector backs NHI governance change
The National Health Insurance (NHI) Advisory Council is expected to meet within the next two weeks to discuses time-lines for the scheme’s roll-out, with stakeholder groups yesterday lauding the initiative as “a step in the right direction”.
Minister: ‘We must get it together’
A Cabinet minister has warned that the Bahamas’ financial services competitiveness will continue to slide unless this nation improves its service culture and ‘ease of doing business’.
The dead zone: Going nowhere on East Bay Street
Do these quotes reflect the current state of eastern Bay Street? Yes, but it so happens that they are more than 10 years old, taken from the Bahamas Business edition dated January 9, 2006. There is no better example of the huge volume of hot air, and little practical effort, that has been spent on redeveloping the decaying, moribund Bay Street blocks stretching east from East Street.
Brewery says 30-job expansion ‘big risk’
The Bahamian Brewery and Beverage Company’s founder yesterday admitted he had taken “a big risk” with his latest multi-million dollar expansion phase, which has created 30 jobs since last year.
‘Temporary’ closure’ for downtown eatery
Uncertainty surrounds the future of a well-known downtown Nassau restaurant, after its owners confirmed to Tribune Business they had closed for at least “a temporary period”.
Mortgage Corp auditor slams accounts shambles
The Bahamas Mortgage Corporation’s (BMC) chairman yesterday said he was “very confident” that its financial health will improve with every audit, after accountants again blasted its shambolic record-keeping.
‘Catastrophic cash call’ fear on $106m Mortgage Corp gap
The Bahamas Mortgage Corporation’s (BMC) immediate past chairman yesterday called for urgent action to tackle a $106 million financing gap, and prevent “a catastrophic cash call” on the taxpayer.
Baha Mar construction deal not reached yet
Baha Mar’s receivers have yet to reach an agreement with its main Chinese contractor to resume construction work, even though Prime Minister Perry Christie said “very active decisions” were being made on the issue.
ART OF GRAPHIX: Architecture careers becoming an art form
Since the modernist movement in architecture in the early 1900s, building design has focused on expressing itself as a unique entity, becoming more expressive as art rather than architecture.
Doctors: Market ‘can’t bear cost’ of $40m project
Doctors Hospital’s determined that a long-planned $40 million expansion of its main Collins Avenue facility was not feasible because the market was “unable to bear the cost”, due to the “dwindling” number of persons covered by private health insurance.
Mortgage plan: Higher cut for greater debt ratios
The Government’s revived Mortgage Relief Plan appears to reward delinquent borrowers with higher debt service ratios, who will enjoy a higher proportionate cut to their monthly payments upon qualifying.
Minister: Bahamas ‘must get out of’ crime warnings
The Minister of Tourism yesterday urged to the Bahamas to further improve its image and avoid repeated crime advisories, after the Canadian government became the latest to warn its citizens to “exercise a high degree of caution” when travelling to this nation.
‘Point of no return’ on $500m tax hole
The Government is losing $500 million in taxes annually due to compliance rates that are below 50 per cent, an ex-Chamber chairman estimated yesterday, pushing the Bahamas to taxation’s “point of no return”.
