Union president: ‘Hundreds of workers afraid to speak up about working conditions’
A union president yesterday charged that the impasse with Bahamas Power & Light (BPL) management goes beyond alleged breaches of the two sides’ industrial agreement to involve concerns such as health and safety issues.
IDB warns Bahamas on rollover ‘difficulties’
The Bahamas has been warned it may “face difficulties to roll over existing debt” in the medium-term if market conditions do not improve with almost $900m in external foreign currency loans coming due in the next two years.
Raising ‘Freeport out of the ashes’
The Government and Grand Bahama Port Authority’s (GBPA) owners were yesterday warned the latter’s 3,000 licensees must “have a say” over any changes to its ownership and Freeport’s founding treaty.
Sands: It’s the wrong marijuana ‘gold mine’
The Free National Movement’s (FNM) chairman says the Government has delayed the “potential gold mine” of industrial hemp to focus on legalising a medical marijuana industry that is “unlikely to be a big economic boon”.
Settle $29m Exuma cays dispute ‘once and for all’
The ownership of two disputed Exuma cays, valued at a collective $29m, must be settled “once and for all”, a Bahamian attorney is urging.
When companies succeed all Bahamians can prosper
In today's dynamic world, where opportunities and challenges intertwine, the success of companies goes beyond their bottom lines. When companies flourish, the effects ripple through every aspect of our lives, leading to improved living standards, enhanced government revenue and a cycle of progress that benefits all. Let us delve into how economic growth transforms the landscape of The Bahamas, and how money flows through companies to create a harmonious circle of prosperity.
Pharmacist concerns over medical marijuana licences
Concerns have been voiced that persons and companies lacking pharmaceutical and medical qualifications can obtain licences to operate marijuana dispensaries under the Government's proposed regulatory regime.
Taxi union chief wants 'hustlers at dock' end
The taxi union's president says the industry is seeking to shed its "hustlers at the dock" image after several drivers protested over the Nassau Cruise Port's new call-up system and police efforts to enforce it.
Summit explores multiple financial technology uses
Future opportunities for financial technology were debated last week as executives from government and financial services gathered in Nassau for MasterCard’s first Fintech summit in the Caribbean.
Investors advantage
ActivTrades
The boom in artificial intelligence continues to fuel profits and sales for chipmakers. Nvidia exceeds expectations with its figures, the stock climbs to a record high and makes chief executive, Jensen Huang, $4bn richer.
IDB: $856m strategy for Bahamas ‘too ambitious’
The Inter-American Development Bank (IDB) has admitted its last country strategy for The Bahamas was “overly ambitious and unrealistic” despite approvals for over five times’ the originally-forecast level of financing.
Bran: ‘Let’s get on with’ medical marijuana plan
A former DNA leader, who made medical marijuana and its legalisation a core campaign issue in the 2017 general election, yesterday said Bahamian ownership stipulations “sound reasonable” and urged: “Let’s get on with it.”
Armed guards called amid unrest at BPL
Union leaders yesterday denied that they or their members plan to disrupt Bahamas Power & Light’s (BPL) electricity services after armed guards were posted to several of the utility’s sites as a precaution against looming industrial unrest.
GBPA threats ‘bad judgment’ by PM
The Opposition’s leader yesterday accused the Prime Minister of “exercising very bad judgment” by appearing to threaten that the Government will “wrest away control of the Grand Bahama Port Authority” (GBPA) from its owners.
Mitchell blasts GBPA’s $64m tax break ‘subsidy’
A Cabinet minister yesterday argued the Grand Bahama Port Authority (GBPA) gained a $64m “subsidy” from just one tax break amid private sector warnings that “there’s no other way” but for the two warring parties to collaborate.
