DNA pledges ‘revolution’ on investment approvals
The Democratic National Alliance (DNA) has promised to “revolutionise” the Bahamas’ investment promotions and approvals agencies if elected to office, ranking their performance under the Christie administration as “minus 50 per cent”.
Sarkis to local creditors: Unite to pursue $192m
Baha Mar’s original developer yesterday moved to intensify pressure on the Government by calling on the several thousand Bahamian creditors to unite behind pursuit of a $192 million legal claim against the project’s contractor.
BISX listee in talks to settle SEC litigation
A BISX-listed company’s principal yesterday said there was “quite fertile ground” to reach an out-of-court settlement with US federal regulator’s over its subsidiary’s alleged involvement in a $400 million financial fraud.
Gov’t ‘scared’ over transparency reform
The Government is “scared and afraid” to implement transparency-related reforms that are “fundamental” to good governance, the spokesman for a newly-formed civil society group charged yesterday.
Bahamas ‘can surpass’ JA’ on food import drop
The Bahamas can surpass Jamaica’s 11.5 per cent food import reduction during 2016, a senior Bahamas Agricultural & Marine Science Institute (BAMSI) executive said yesterday, adding that the Bahamas is ultimately targeting a 20 per cent reduction.
Hope Bill talks ‘another step’ to aviation strategy
Aviation operators yesterday said they hope discussions over a new regulatory regime are “another step” towards developing a long overdue national plan for the industry.
RBC: Bahamas debt grows beyond 70% ‘danger zone’
Royal Bank of Canada (RBC) has warned that the Bahamas’ debt-to-GDP ratio continues to increase beyond the so-called 70 per cent ‘danger threshold’, with business leaders agreeing that international concerns are valid.
11% power bill fall if renewable energy goal met
The Bahamas could reduce its national electricity bill by 11 per cent through hitting the renewable targets set in its National Energy Policy (NEP), an IMF working paper has estimated.
‘Watered down’ Planning law against public interest
The Government’s proposed “watering down” of planning laws is not in the Bahamian people’s interests, an environmental attorney warned yesterday, as it threatens to undermine sustainable development.
Central Bank chief: No devalue danger
The Central Bank’s newly-appointed governor yesterday reassured that the Bahamian dollar faced no devaluation dangers, adding that a floating exchange rate may not boost competitiveness.
‘Ridiculous’: PM’s Baha Mar engaged claim questioned
An ex-director yesterday said it was “absolutely ridiculous” for Prime Minister Perry Christie to say he was in contact with all parties involved in the Baha Mar impasse, given that he continued to ignore the original developer.
THE ART OF GRAPHIX: Designing useful lessons for us all
Most people do not really think about design and designers, let alone think of themselves as designers. But can teachers, students and business people learn from designers and their way of thinking?
Nassau/PI room revenue up 3%
Nassau/Paradise Island hotels produced a 3 per cent room revenue increase for the 2015 full-year, with average occupancy rates beating 2014 comparatives for eight out of 12 months.
Labour Dept targets student registrations
The Department of Labour yesterday urged Bahamians students abroad to register for potential job openings at home, in a bid to reduce the dependence on foreign labour.
Steer students to close skills gaps
NOT enough is being done to advise students of career opportunities they could pursue, a well-known trade unionist said yesterday.
