FNM deputy gives Gov’t ‘benefit of doubt’ on deficit
The Opposition’s finance spokesman is “giving the Government the benefit of the doubt” over the widening $100 million gap to its 2015-2016 deficit target.
Project’s closure bar not extended
Environmental activists have pledged to intensify efforts to shut down the $12 million Blackbeard’s Cay project, after the injunction preventing this expired on Friday.
URCA fires back at Cable on regulatory approach
Regulators have thrown criticism of their approach back at Cable Bahamas, saying they receive “numerous complaints of anti-competitive behaviour” by the two major carriers.
Freedom of Information key to curing Gov’ts ‘ailments’
Key clauses in the Freedom of Information Bill need revamping, a non-profit group warning the legislation is vital to correcting “a massive number of serious government ailments”.
Corporate Bahamas urged to lead wellness ‘charge’
Corporate Bahamas has been urged to “step up and lead the charge” towards a wellness and fitness culture that could improve workplace productivity.
FNM dismisses Baha Mar ‘nationalisation’ proposal
The FNM’s deputy leader has dismissed calls by political rivals for the Government to set a date for Baha Mar’s ‘nationalisation’, warning it brought back memories of the Hotel Corporation’s woes.
Port: Freeport deal reached with Gov’t
The Grand Bahama Port Authority (GBPA) yesterday said it had reached agreement with the Government and key licensees on a deal to bring “ significant growth and job creation to Freeport”.
Verdict ‘derails’ PM’s Freeport policy move
The Prime Minister’s ambition of making an imminent announcement on Freeport’s future was yesterday “derailed” by the Supreme Court, which found the Government’s consultation process was “fundamentally flawed” and needed to be continued.
Port licensees not ‘public enemy No.1’
An elated QC yesterday urged the Government to finally recognise that the Grand Bahama Port Authority (GBPA) and its 3,500 licensees were not “public enemy number one”, and that they shared the same objective: Freeport’s success.
Referendum outcome’s ‘brain drain’ impact
The upcoming constitutional referendum’s outcome could have far-reaching consequences for the Bahamian economy and its ability to reverse the “brain drain”, a senior private sector executive warned yesterday.
Court adjourns action on $192m Baha Mar claim
The Supreme Court yesterday adjourned until May 27 the bid by Baha Mar’s original developer to wrest control of the $192 million legal claim against the project’s contractor from the receivers.
Freedom of Information to boost business integrity
A properly-functioning Freedom of Information Act would ensure business is conducted with “a higher degree of integrity” in the Bahamas, the Chamber’s chief executive said yesterday, especially where government contracts are concerned.
Biden: Caribbean could be energy solution model
WASHINGTON - Tackling energy challenges in the Caribbean and Central Americas could provide the blueprint for addressing similar issues in small island states worldwide, the US vice-president believes.
RoyalFidelity targeting 15% client asset growth
RoyalFidelity Merchant Bank & Trust is targeting 15-20 per cent growth in client assets under management for 2016, with its president admitting yesterday that last year’s profits will be “hard to match”.
GB Power in 69% capital spend rise
Grand Bahama Power Company (GBPC) yesterday said the 69 per cent increase in its 2016 capital investment budget is being driven by the planned lighting switch-out, an initiative that will save customers a collective $1 million per year.
