MPs battle over 20,000 jobs claim
A Cabinet minister yesterday asserted that the Christie administration has created 20,000 jobs since May 2012.
New Planning Bill weakens oversight
The Planning and Subdivision Bill (PSA) 2015 does not promote sustainable development and “dramatically” reduces the public’s right to be informed and consulted about developments, an environmental attorney said yesterday.
$16m CLICO payout to launch next week
A prominent CLICO (Bahamas) policyholder yesterday pledged he would “continue to challenge” the authorities to ensure such a debacle is never repeated, with the $16 million cash payout to former clients set to begin next week.
One in four companies ‘victimised’ by crime
Almost one in four Bahamian businesses were “victimised” by crime in 2013-2014, a newly-released Inter-American Development Bank (IDB) report has revealed, with violent crime slashing $50 million off this nation’s annual growth over a 16-year period.
Ex-director ‘sceptical’ over Baha Mar process
An ex-Baha Mar director yesterday said he was “a little sceptical” that the newly-launched process to sell the $3.5 billion project would produce a positive outcome for the Bahamas, adding: “We’re still in for the long haul.”
BICA urges: ‘Move Business Licence into 21st century’
The Government is being urged to “move Business Licence accounting into the 21st century” by amending the Act so that key terms conform with international standards.
Businesses suffered 10-20% revenue fall, ex-Minister agrees
A former Minister in the Christie Cabinet has acknowledged that Bahamian businesses experienced an average 10-20 per cent revenue reduction in 2015 post-Value-Added Tax’s (VAT) introduction, and called on his former colleagues to focus on economic growth,
Private manager for NHI public insurer
The Government has accepted the recommendation from its latest National Health Insurance (NHI) consultants that the scheme’s proposed public insurer be operated by a private sector manager.
Lift the roof on ventilation costs
Is winter over already? Are we prepared to beat the heat this year? On a hot summer afternoon, you probably would not consider propping open your refrigerator door to cool off your kitchen. Neither would you run your air conditioning while wearing warm jackets in January. No one would think about throwing away money like that, right? But I find that many of my fellow Bahamians do just that all summer by cranking up their AC in homes that are poorly ventilated.
Cuba threat goes beyond tourism
Tourism is not the only Bahamian industry which could face competition as a result of the renewed diplomatic relations between Cuba and the US, a leading private sector executive said yeserday, arguing that
Post Office accounts set for BOB transfer
Accounts at the Post Office Savings Bank, which has been plagued with alleged fraud and theft, will be transferred to Bank of the Bahamas, a Cabinet Minister revealed yesterday.
Ex-City Markets staff in new wait
The attorney representing former City Markets employees in their more than four-year legal battle for pension and severance payments yesterday pledged to continue working for resolution, after the SupremeCourt case was again adjourned to late April.
Baha Mar sale process begins
Baha Mar’s receivers have launched a formal sales process for the stalled $3.5 billion project by hiring a Canadian-headquartered real estate firm to market it to potential purchasers.
BEC: 2013 loss increased to massive $58m
The extent of the task awaiting the Bahamas Electricity Corporation’s (BEC) new manager has been exposed by its 2014 annual financial statements, which reveal that the utility’s net loss for the prior year has been increased to a mammoth $58.035 million.
Bacon slams ‘own goal’ disclosure of e-mails
Louis Bacon yesterday branded the disclosure of private e-mails by a Cabinet Minister as an “own goal” that will undermine the Bahamian financial services industry and investor confidence in this nation.
