Bahamas may be ‘failed state within 10 years’
The Bahamas risks becoming “a failed state in less than 10 years” because around 70 per cent of its population “will be challenged” to obtain well-paying jobs due to educational under-achievement.
Bahamasair ‘like spoiled child’ on Business Licence
Bahamasair has been accused by a rival of “acting like a spoiled child” over having to pay Business Licence fees for the first time, a development that helps ‘level the playing field’.
Moody’s report a ‘red flag’ alert
Moody’s has raised “a red flag” over the need to contain government spending and spur faster economic growth, the Opposition’s finance spokesman is arguing.
Ex-Baha Mar chief slams ‘outrageous’ contractor claims
Baha Mar’s former president today slams “outrageous and inaccurate” suggestions by its former contractor that the $3.5 billion project would have been a ‘foreigners only’ preserve.
Bus & Truck eyes dealer’ pole position
A well-known Bahamian auto dealership has invested $125,000 into its newly-revamped showroom, in the belief that its “cutting edge” rebrand will attract younger customers.
Standards boost for local exports
The private sector is hoping the Bahamas’ internationally-recognised standards for packaged water and food hygiene will help local exporters.
Bahamas failing because of ‘systemic’ governance woes
The Bahamas is failing due to “systemic break downs” in leadership and governance, a newly-created civil society organisation warning that far-reaching reforms are necessary to change course.
PM may face ‘committal’ over Blackbeard’s Cay
Prime Minister Perry Christie could soon face court proceedings seeking to imprison him, and other public officials, for failing to obey a Supreme Court Order to shut down the $12 million Blackbeard’s Cay development.
‘Right parties’ not involved in solving Cabbage Beach row
A trade union leader yesterday said achieving a resolution to the Cabbage Beach ‘access’ row was being complicated because the Minister of Tourism was not speaking to the vendors’ association.
Moody’s alarm over Bahamas’ ‘rapid debt accumulation’
The Government was yesterday told to rein in its spending during the remaining months of the 2015-2016 fiscal year, with an international rating agency expressing concern about the Bahamas’ “persistent rapid debt accumulation”.
Bahamas locked into low growth by ‘rigidities’
The Bahamas will remain locked into low 1-1.5 per cent economic growth rates unless the Government tackles “several structural rigidities” such as high energy costs, Moody’s warned yesterday.
‘Whole new’ standards regime for the Bahamas
The declaration of three approved national standards marks the beginning of “a whole new regime” for the Bahamas, a Cabinet Minister said yesterday, adding that it was another step towards full World Trade Organsiation (WTO) membership accession.
Contractors ‘sold out’ on Pointe labour deal
The Government was yesterday accused of “selling out the Bahamian construction industry” over the workforce deal it struck with The Pointe’s Chinese developer.
Bahamas banker loses $200k over real estate fraud
A well-known Bahamian banker is alleging that he has been personally defrauded of $200,000 over a Chinese real estate investment.
Bahamasair in 34% loss slash
Despite slashing losses by almost 34 per cent for its 2014 financial year, Bahamasair’s best-performing international route is set to take a major hit from the new US opening with Cuba.
