Abaco seeks tougher boat theft penalties
North Abaco’s MP has submitted a paper to the Prime Minister’s Office calling for stiffer penalties to be levied against boat thieves, acknowledging that the issue was a major concern for his constituency.
$650m waste plant makes ‘headway’
The firm at the centre of the Renward Wells Letter of Intent (LoI) controversy yesterday said it had made “significant headway” in its efforts to ultimately develop a waste-to-energy plant at the New Providence landfill.
Baha Mar beat local bidding target by 68%
Baha Mar says it has “far exceeded” its commitment to provide Bahamian contractors with $400 million worth of work, beating this target by 67.8 per cent while more than 6,000 local jobs to-date.
Bran ‘pained’ over brain drain finance
The Democratic National Alliance’s (DNA) leader is “pained” that parents’ investment in their children’s education often fails to benefit the Bahamas, as lack of opportunity and crime fears ensure they stay abroad after graduating.
Rum Cay scam mastermind gets 13 years in jail
The mastermind behind an $8.3 million scam centred on Bahamian real estate was this week sentenced to almost 13 years in prison, a judge branding the fraud perpetrated on more than 100 investors as “exceptional”.
CIBC: Growth ‘insufficient’ to cut jobless below 10%
Current and future economic activity will be “insufficient” to cut the Bahamian employment rate below 10 per cent, a major Canadian bank believes, although it expects this nation to withstand last week’s Standard & Poor’s (S&P) downgrade.
PM slams S&P for not facing growth ‘reality’
The Prime Minister yesterday slammed Standard & Poor’s (S&P) decision to downgrade the Bahamas’ sovereign credit rating, arguing that the move “flies in the face” of its own analysis.
ART OF GRAPHIX: Less means more in minimal design
“Less is more”. We have all heard that saying a thousand times. Amd one of my golden rules has always been: “Less being more.”
Union fears missed BEC business plan deadline
The Bahamas Electricity Corporation’s (BEC) managerial union said yesterday that its restructuring was “quite slow”, and expressed doubts that PowerSecure would complete its business plan in time.
Copyright bill changes herald WTO compliance
Proposed changes to the Bahamas’ copyright laws will empower the police to search, and confiscate, goods bearing false trademarks as this nation moves to comply with its Economic Partnership Agreement (EPA) and World Trade Organisation (WTO) obligations.
BEC union files dispute over stalled contract
The Bahamas Electrical Manager’s Union (BEMU) has filed a trade dispute to bring closure to “protracted negotiations” on a new industrial agreement.
Activists seek $8m project’s ‘execution’
Environmental activists yesterday said they would push the Government to “press the execution button” and follow a Supreme Court Order to shut down the $8 million Blackbeard’s Cay project.
Structural woes put Bahamas on ‘shaky ground’
The Bahamas is “on very shaky ground” due to its failure to correct long-standing structural deficiencies in its economy, a leading private sector executive yesterday branding Moody’s decision not to downgrade this nation as “a silver lining”.
‘Catastrophic’ if downgraded to junk
The Bahamas has “a very short window” in which to address international credit rating agency concerns, a well-known accountant warning that loss of its ‘investment grade’ status would be “catastrophic”.
Bahamas ‘not out of economic woods’
A Cabinet Minister yesterday conceded that the Bahamas was “not out of the woods by any means” despite avoiding a further sovereign credit rating downgrade by Moody’s
