NIB contribution increases not enough for sustainability
A Cabinet minister yesterday said increasing contribution rates by themselves will “not be sufficient” to safeguard the National Insurance Board (NIB) fund and ensure it has a sustainable future.
Bahamasair chief: Ramp outsource to aid efficiency
Bahamasair’s managing director yesterday said the decision to “outsource” some 50 ramp service operators to Nassau Flight Services was made to improve efficiency and reduce dependence on the Government.
Watchdog recovers $117,000 to help aggreived customers
Consumer protection regulators yesterday asserted they have recovered more than $117,000 over the past year for aggrieved Bahamians who believe merchants violated their rights.
Apprenticeship 'five-star priority' with 19% youth unemployment
The Bahamas must treat the National Apprenticeship Programme’s launch as “a five-star priority” with almost one in five young citizens still unable to find work, a labour specialist urged yesterday.
DPM’s insurer pursues ex-MP on $132,000 unpaid mortgage
A BAHAMIAN insurer’s bid to enforce payment of an unpaid $132,000 mortgage debt owed by a former Cabinet minister has been rejected by the Supreme Court as “irregular and speculative”.
Port operator's $1m stake in electricity grid company
THE Nassau Container Port’s operator yesterday revealed it has acquired a $1m ownership interest in the entity that controls New Providence’s electricity grid after itself surviving a ransomware attack in April 2024.
Sarkis ally: Ouster like ‘loan to own’ scheme
A former Baha Mar director is arguing that Sarkis Izmirlian’s ouster resulted in the multi-billion dollar Cable Bach mega resort project becoming akin to a ‘loan to own scheme”.
Contractors eye 10-15% time slash via inspection outsource
The Bahamian Contractors Association’s (BCA) president yesterday predicted the time required to complete construction projects could be slashed by between 10-15 percent through outsourcing building inspections.
‘Mind blowing’: Watchdog finds stores selling expired products
The Consumer Protection Commission’s chairman yesterday asserted it was “mind blowing” that the watchdog verified complaints about expired grocery products on store shelves are correct.
Bahamas sees $665m cruise boost, but yields down
The Bahamas leads the Caribbean and Central America in extracting an annual $655m economic boost from the cruise industry despite consistently ranking in the bottom 40 percent on key visitor satisfaction metrics.
D’Aguilar: $2.3m payout ‘reeks of impropriety’
The $2.3m paid to the son of ex-prime minister Perry Christie’s top policy adviser at the Baha Mar dispute’s peak “reeks of impropriety”, one of Sarkis Izmirlian’s former directors argued yesterday.
IMF cuts Bahamas 2024 GDP growth below 2%
The Bahamas was last night urged to identify its “future economic drivers” after the International Monetary Fund (IMF) slashed its 2024 growth projection for this nation to less than 2 percent.
Tax reforms key to 30% Bahamas boating growth
A “moderate flat fee” and/or 50 percent discount for Bahamian flagged vessels have been cited as ways to improve the yachting industry’s tax competitiveness and grow the sector by up to 30 percent.
Chief Justice preserves Miller’s Mario’s Bowling land allocation
A former Cabinet minister has defeated efforts to cut a parcel of land, upon which Mario’s Bowling and the former Robin Hood store sit, by 42 percent prior to its award to him.
Entrepreneur targeting Cuba for southern Bahamas growth
A Bahamian entrepreneur is aiming to spur economic growth in the southern Bahamas through the planned launch of a number of ventures targeting ties with Cuba.
