School roof failure exposes Contractors Board absence
The Bahamian Contractors Association's (BCA) president yesterday said the recent collapse of roof trusses at R. M. Bailey senior high school again exposes why the Government should “expeditiously appoint” the Contractors Board.
Shipping costs rise 40% for new price pressures
Bahamian consumers and businesses were yesterday warned that local goods prices will be unable to escape the fall-out from a 40 per cent increase in shipping costs over the the past three months.
VAT to under-shoot full-year $1.4bn goal
The Ministry of Finance’s top official yesterday conceded that VAT revenues were likely to under-shoot their 2022-2023 target but voiced confidence that tougher enforcement will keep them on track in the current fiscal year.
PI entrepreneur: ‘Could I have swift approval too?’
The Bahamian entrepreneur seeking to restore Paradise Island’s lighthouse yesterday voiced hope the Government will now approve his project - now in its 12th year of asking - with the same “swiftness” it has afforded Royal Caribbean.
Royal Caribbean: Can’t blame us for Bay St ‘decline’ reports
Royal Caribbean says Bay Street merchants have reported “a decline” in business volumes amid assertions it has “not sufficiently analysed” the economic impact from its $100m Paradise Island beach club project.
A weak dragon
ActivTrades
China's real estate giants are faltering. Evergrande has filed for bankruptcy protection and competitor Country Garden is on the verge of insolvency. To prevent panic, Beijing could intervene with billions of dollars in aid.
‘Full steam ahead’ for Royal Caribbean on PI
Royal Caribbean’s Bahamas chief has hailed as “a critical milestone” the environmental go-ahead for its Paradise Island beach club “that could benefit hundreds of businesses and tens of thousands of Bahamians”.
Economic growth critical for Bahamians to prosper
As citizens of The Bahamas, we frequently ponder the intricate workings of our economy, questioning its sources of income and its influence on our daily existence.
Petroleum retailers continue Gov't talks
Bahamian petroleum retailers are pledging to pass any reduction in oil prices on to motorists as they continue "private" discussions with the Government over their calls for a margin increase.
Fidelity ‘ramp up’ after 30% first half profit fall
Fidelity Bank (Bahamas) yesterday pledged to “ramp up” its performance during 2023’s final months after a near-30 percent first-half decline put the “stretch” $25m profit target for the full year seemingly beyond reach.
Bahamians increasingly becoming fraud victims
The Financial Intelligence Unit (FIU) yesterday warned of an increase in Bahamians having funds stolen from their bank accounts after falling victim to phone and online scammers.
$29m Exuma cays quieting labelled ‘mockery of justice’
A fresh bid to quiet the title to two Exuma cays, valued at a collective $29m, was yesterday branded “a mockery of justice” by the family estate which defeated the previous attempt in the Supreme Court.
Make Freeport ‘boom town’ before Hawksbill deal ends
The Grand Bahama Chamber of Commerce’s president is seeking a legal opinion on whether corporate income tax can be lawfully imposed in Freeport as he yesterday warned that time is running out to make the city a “boom town”.
BISX-listed firms blame profits drop on inflation
Two BISX-listed companies have blamed surging inflation for a margin squeeze that resulted in first-half and second quarter 2023 profits slipping against prior year comparatives.
IAN FERGUSON: Companies and Gov'ts must sometimes reset
Staying ahead of the game has never been so important. Businesses need to make sure they are questioning all those things they do out of ingrained habit versus what customers and shareholders have come to expect and feel comfortable with. Once you have identified things that are not working, leaders must have the courage to stop doing them and change course.
