Legal liberalisation: Bahamians can be ‘dog wagging tail’
An outspoken QC yesterday argued that Bahamian attorneys would again be “the dog wagging the tail” if the Government demanded that foreign law firms partner with their local counterparts as a condition for ‘opening up’ the legal services market.
Club Med postpones re-open by 2 months
Club Med yesterday told Tribune Business it had postponed the re-opening of its San Salvador resort by two months until December 20 to allow for Hurricane Joaquin repairs, a move described as “a very serious event” for the island’s economy.
Insurers confident Joaquin claims less than Sandy’s $50m
Bahamian insurers yesterday expressed confidence that claims arising from Hurricane Joaquin would not reach the $50 million-plus level generated by recent storms such as Sandy and Irene.
Water Corp project praised as model for the Caribbean
MIAMI - MIYA’S non-revenue water (NRW) reduction project for the Water & Sewerage Corporation was yesterday endorsed at an international conference as a model that should be replicated throughout the Caribbean.
The web shop gaming and banking paradox
As the marketplace continues to ponder the implications of regulating web shop gaming in the Bahamas, the Board of the Grand Bahama Chamber of Commerce (GBCC) joins in the ongoing conversation that is no doubt being held at water coolers, dinner tables and lunch rooms across the archipelago.
Arawak port firm assesses expansion ‘beyond shipping’
MIAMI - The Arawak Port Development Company’s (APD) chief executive said yesterday it would be a “beautiful thing” if the company could ultimately expand its operations beyond ports and shipping.
Judge recusal delays Freeport challenge
An outspoken QC expressed “disappointment” yesterday that his challenge to the Government’s Hawksbill Creek Agreement consultation had been delayed indefinitely, after the judge hearing the case recused herself.
Joaquin gives energy ‘rethink’ opportunity
MIAMI- A Government minister yesterday said the Bahamas had an opportunity to “rethink” its energy policy in the aftermath of Hurricane Joaquin, suggesting that this would involve renewable sources.
Baha Mar ‘stall’ doubles Arawak port’s drop-off
The Arawak Cay port has suffered double the anticipated drop in container throughput volumes due to the “complete stalling” of the $3.5 billion Baha Mar project, its chief executive predicting its 2016 financial year will be “more challenging”.
Doctors express ‘grave concern’ on NHI costing
Bahamian doctors have expressed “gave concern” over the Government’s National Health Insurance (NHI) cost estimates, warning that this could create an unsustainable, underfunded scheme that actually increases mortality rates.
Foreign shippers ‘snoop around’ Nassau market
Foreign shipping carriers are continuing to “snoop around” and explore whether they want to enter the Nassau freight market, with Maersk facing some potential competition.
Joaquin damage to hit ‘tens of millions’
Hurricane Joaquin has delivered “a significant hit” to the Government’s finances, with infrastructure repair costs alone set to run into the “tens of millions” of dollars at least.
‘Upgrade desperately needed infrastructure’ from Joaquin fall-out
The Bahamas has been urged to use the damage inflicted by Hurricane Joaquin as an opportunity to upgrade “desperately needed infrastructure” in the Family Islands.
Fishermen expect Joaquin asset loss
Bahamian fishermen are expecting to lose some assets as a result of Hurricane Joaquin, although they are hoping to minimise any reduction in days at sea.
Joaquin ‘exacerbates bad economy’ on Long Island
The devastation wrought by Hurricane Joaquin will “only exacerbate an already bad economic situation” on Long Island, its MP revealing that many of its young persons were leaving in search of jobs elsewhere.
