Labour Dept placing just 2 per cent of job seekers
The Department of Labour is finding work for just 2 per cent of its registered job-seekers, a ratio that is exacerbating low workforce productivity and inequality in Bahamian society.
Contractors chief slams ‘ludicrous’ no Bill warning
The Bahamian Contractors Association’s (BCA) president yesterday slammed the “ludicrous” absence of consultation on the Buildings Regulation Act amendments, saying he was only informed about the changes on the day they were brought to Parliament.
Concerns over Govt’s Freeport tax reforms
Concerns were raised last night over whether the Grand Bahama Port Authority (GBPA) and Hutchison Whampoa have obtained ‘special treatment’ from the Government in relation to the imposition of real property tax in Freeport.
GBPA ‘lacks capital’ to meet obligations
The Grand Bahama Port Authority (GBPA) “no longer has the capital” to fulfill all its development obligations because of successive decades of asset-stripping, the Government’s advisers have concluded.
Govt to buy shopping centre for Post Office
THE Government is in the process of acquiring the Independence Drive Shopping Centre as the new location for the General Post Office, a Cabinet Minister confirmed yesterday.
IAN FERGUSON: Public servants must reject this behaviour
We last week encouraged civil servants to strive for excellence, and to promote high working standards in their professional life. Today, we stay in a similar ballpark by addressing the unethical public sector behaviour that must be rejected if we are to rise and advance as a people.
Over one-third of poorest Bahamians don’t finish school
More than one-third of the poorest young Bahamians have failed to complete secondary education, perpetuating income inequality and lack of job opportunities through successive generations.
Bahamas blasts Panama Papers as ‘gratuitous’
THE Ministry of Financial Services yesterday suggested that the infamous ‘Panama Papers’ were a “gratuitous attempt” to produce a negative portrayal of the Bahamas as an international financial centre (IFC).
$7m project combines key PI tourism assets
A veteran hotelier is planning to invest $7 million in recombining two key Paradise Island tourism assets, in a venture that will create at least 30-40 new jobs.
Cable shareholders suffer $14.37m loss over US writedown
Cable Bahamas shareholders suffered a collective $14.371 million net loss for 2015, driven by a one-off $20.5 million accounting ‘write down’ associated with its US operations.
GBPA slammed over ‘ineffective’ marketing
The Grand Bahama Port Authority’s (GBPA) investment promotion strategy has been slammed as “ineffective”, with just 10 new businesses enticed to spend more than $1 million in Freeport since 2009.
No evidence Gov’t received $7m for GBPA equity stake
There is no evidence to prove that the Government ever received the $7 million ‘balance’ for its 7.5 per cent equity stake in the Grand Bahama Port Authority (GBPA), it has been revealed.
BTC wants 50% cut to Cable’s roaming
The Bahamas Telecommunications Company (BTC) is demanding a 50 per cent cut to the time its new Cable Bahamas-managed mobile rival is allowed to use its network, arguing that 36 months is “too lenient”.
THE ART OF GRAPHIX: Putting some ZIP in file compression
We have all heard of file compression, and anyone who regularly downloads files from the Internet or uploads pictures to social media is familiar with formats such as ZIP and RAR.
Consultation ‘not option’ on communications towers
The Deputy Prime Minister yesterday stressed that the obligation on communications companies to consult before erecting cellular phone towers was “not optional” under the new rules governing their set-up.
