No worry over electric as gas car sales ‘booming’
The Bahamas Motor Dealers Association’s (BMDA) president said he is not worried about electric car sales in the country rising because gasoline car sales are “booming”.
Fintechs in The Bahamas: Mastercard creating a path for innovation and financial inclusion
MUCH has been written recently about financial inclusion, its impact on world economies, and how it is rooted in empowerment when financial tools and credit are accessible and become facilitators of positive social and economic outcomes.
Arawak X ‘still operating’ despite eviction notice
Arawak X is still operating despite an eviction notice on their doors in their Sandy Port offices, its chief executive said.
RODERICK A SIMMS: The cost of the ‘leaky bucket’
The ‘leaky bucket’ syndrome in The Bahamas represents a major obstacle to its economic growth and development. This metaphor symbolises the continuous loss and hindrance of resources, opportunities, and potential that impede the country’s progress. At the heart of this syndrome is the pervasive issue of corruption. In this column segment, we will explore how corruption perpetuates the leaky bucket phenomenon in The Bahamas, exacerbating several interrelated challenges.
Vacation rentals ‘too hard’ is reputation to be avoided
The Bahamas must avoid earning “the reputation that it is too hard to do vacation rental properties” with all the extra tax and regulatory obligations it is imposing on the industry, an attorney warned yesterday.
Gov’t urged: See poaching as ‘major economic crime’
Fishermen are urging the Government to treat poaching as “a major economic crime” with many yesterday said to be reporting that their lobster traps and condos were plundered before lobster season’s August 1 start.
Gov’t fails in strike-out bid on oil terminal land
The Government’s bid to strike out a rival ownership claim to 180 acres of land that is now sub-leased to a major foreign investor was this week dismissed by the Supreme Court.
‘Don’t share carbon credit benefits with oil explorer’
Environmental activists yesterday argued that the full benefits from creating carbon credits, and their subsequent trading, should go to the Bahamian people and not be shared with an oil explorer seeking to recover its $150m investment.
Drivers ‘premature’ on 25 cent bus fare hike
Both the Government and bus owners yesterday said it was “premature” for jitney drivers to announce that fares will increase by 25 cents per trip for adults and junior/senior high school students with effect from Monday, August 14.
IAN FERGUSON: Positive benefits from taking children to work
In some corporate cultures, including your children in business activities is quickly becoming a common practice. In fact, western culture has named a day - typically in November - as 'Take your child to work day'. The goal of this day is to give young people a better idea of what their parents do for a living.
Crawfish oversupply to hit local fishermen
A Bahamian seafood processor yesterday confirmed that a global over-supply of lobster is driving relatively low prices for local fishermen at the opening of crawfish season.
Abandoned property owners to fund next demolition wave
The next wave of downtown Nassau property demolitions will cost the Government nothing when they begin this weekend because the owners will cover the bill themselves, a Senator said yesterday.
Realtors say Bimini's high end is 'red hot'
Bimini-based realtors yesterday described the island's high-end property market as "red hot" with fresh developments such as the Illa Bimini Resort and Residences emerging to meet ever-growing demand.
‘Total package’: Downtown arrives on new political look
The Downtown Nassau Partnership’s (DNP) co-chair yesterday said optimism about the city’s future has hit a 30-year high with “White Knight” politics eliminated and the cruise lines no longer “calling the shots”.
BTC: No Bahamian jobs outsourced to Pakistan
The Bahamas Telecommunications Company (BTC) yesterday asserted it “has not outsourced any Bahamian jobs” from its customer service contact centre amid staff and union fears these posts are being lost to Pakistan.
