Gov’t pushing MSC, Hutchison on MoU
The Government is pushing for Mediterranean Shipping Company (MSC) and Hutchison Whampoa to sign a Memorandum of Understanding (MoU) this week, which some observers believe deals with the Grand Bahama Port Authority’s (GBPA) acquisition.
Workforce woes: ‘Ill-prepared’ for ageing Bahamas
The Bahamas is “ill-prepared” to support an increasingly aged population because so much of its productive workforce is unemployed, a newly-released report describing this as an “urgent crisis”.
Bahamas facing ‘dark place’ without reform
The Bahamas will find itself “in a dark place” unless it rapidly reinvents how it conducts business, a well-known businessman yesterday urging it to “open up” for greater short-term growth.
Moody’s: Bahamas in ‘low growth trap’
Moody’s believes the Bahamas has been “stuck in a low growth trap” for this entire century, its average per annum GDP expansion of 1.5 per cent under-performing the Caribbean.
Receivers release several top Baha Mar executives
Five more senior Baha Mar executives have been terminated from their posts with the $3.5 billion development, providing further evidence there is no imminent resolution to the project’s plight.
Bay Street losing ‘50% of potential’
Downtown Nassau is losing 50 per cent of its revenue-generating potential because it is a “ghost town” in the evenings, a local Bahamian entrepreneur is arguing.
US pledges to assist Bahamas on energy goals
The US is ready and willing to work with the Government to achieve its renewable energy goals, a senior official arguing that “‘now is the time” to make progress with oil prices so low.
Out Island SMEs: Business Licences 5 years outdated
The Bahamas Chamber of Chamber was “surprised but not shocked” by low compliance levels among Family Island businesses, some of whom had not possessed valid Business Licences for five years.
BEC breaches $100m bond issue conditions
The Bahamas Electricity Corporation (BEC) breached the financial terms of its existing plan $100 million bond issue, forcing it to seek a four-year waiver from investors.
BREA forced to ‘shelve plans’ by court fight
The Bahamas Real Estate Association’s (BREA) president yesterday said the legal costs and uncertainty associated with its battle against a former Cabinet Minister had forced it to “shelve plans” beneficial to members.
Bahamas facing ‘tax policeman’ push after leak
The Bahamas and other international financial centres (IFCs) will likely come under increasing pressure “to be the world’s tax policemen” as a result of the ‘Panama Papers’ leak, the Opposition’s deputy leader warned yesterday.
Bahamas ‘all wrong’ with ‘Silo’ tourism
The Bahamas’ current tourism model is “all wrong” because it “silos” the visitor experience from the indigenous population, a young social entrepreneur yesterday calling for this nation to integrate both sides.
Bahamas First chief’s ‘affordability’ worry
Bahamas First’s top executive yesterday expressed further concern about the “affordability” of insurance for many households and businesses, with premium spend already “very high” compared to other Caribbean nations.
Bahamas not at ‘upper end’ over debt levels
The Bahamas’ 60-70 per cent debt-to-GDP ratio is “not unusual” when compared to other nations within the Caribbean, the Inter-American Development Bank’s (IDB) country representative said yesterday.
Bahamas to get $60m from IDB during 2016
The Inter-American Development Bank (IDB) plans to approve close to $60 million in loans to the Bahamas this year, its president said yesterday, adding that it currently has a portfolio worth $253 million in this nation.
