Gov’t targeting graduate tracker to align jobs, skills
The Government is examining a new graduate tracking programme designed to measure employment outcomes, earnings and workforce participation as it seeks to better align the education system with labour market demand, it was disclosed yesterday.
MP urges transparency over electricity outages
An Opposition MP yesterday questioned why western New Providence residents have had to rely on "rumours, speculation and WhatsApp groups" for information about recurring power outages despite government disclosures that the disruptions are linked to Bahamas Grid Company's ongoing infrastructure upgrades.
Minister urges re-focus on retaining tourism spending
A Cabinet minister yesterday renewed calls for The Bahamas to shift its focus from record-breaking visitor arrivals to retaining more tourism spending within its economy given that as much as 85 cents of every dollar leaves the country almost immediately.
Gov’t developing grants for downtown Nassau revival
The Government plans to pursue grants, low-interest financing and strategic redevelopment initiatives aimed at accelerating downtown Nassau's revival while increasing opportunities for Bahamian ownership and entrepreneurship.
Capo son-in-law’s ‘two decade tax fraud’ claim
Resorts World Bimini’s original developer has been accused by his son-in-law of perpetrating a “two-decade tax fraud and evasion” against the Government and Bahamian people involving “millions of dollars” in unpaid VAT and other obligations.
Realtor: Don’t cap private island tax at $200,000 yearly
Private islands and foreign-owned homes worth more than $20m should not have their annual real property tax payments capped at a maximum $200,000, a prominent Bahamian realtor is arguing, calling for it to be set much higher.
Water sports fear 40% hit on US jet skis alert
The US embassy’s warning urging all American visitors not to rent jet skis in The Bahamas could have immediate negative consequences for bookings during the water sports industry’s peak tourist season, an operator warned yesterday.
Trustee appeal critical for tax info exchange regime
A Bahamian trust company’s bid to revive the strike out of a former client’s negligence and breach of contract lawsuit has been allowed to proceed by the Supreme Court because of its “wider public importance” to this nation’s international tax information exchange regime and obligations.
Minister concedes GB’s progress waiting too long
A Cabinet minister yesterday conceded that Grand Bahama residents have waited too long for much-promised projects to materialise but argued the island is now seeing the benefits of a broad economic recovery supported by more than $3.5bn in investments.
Minister rejects FNM’s calls for Grand Lucayan answers
A Cabinet minister yesterday declined to answer Opposition questions on the status of the Grand Lucayan’s redevelopment and when all former resort workers will receive outstanding payments.
RF Group makes eight executive promotions
A Bahamian-headquartered investment bank has unveiled eight executive-level appointments across its Caribbean network in what it hailed as one of its largest promotional exercises.
Liquor merchants brace for further regulatory reforms
Alcohol merchants already grappling with the uncertainties and delays involving a new regulatory regime now face further supervisory change with looming fee increases and the creation of a Liquor Review Board.
Sebas promises national development's overhaul
A Cabinet minister yesterday said the Government plans to overhaul how national development is managed by creating a permanent institution responsible for tracking progress, updating priorities and ensuring long-term goals remain set despite changes in political administrations.
Pharmacy concern over drug plan’s NHI switch
Pharmacists yesterday voiced concerns that they may face late and delayed payment once Government completes the National Prescription Drug Plan’s (NPDP) transfer from the National Insurance Board (NIB) to the National Health Insurance (NHI) scheme.
Medication shortage prompts search for alternative drugs
Patients enrolled in the National Prescription Drug Plan (NPDP) are facing temporary shortages of certain medications used to treat chronic illnesses, prompting the programme to activate emergency procurement measures and seek alternative supply sources while awaiting replenishment shipments.
