The debt ceiling issue
ActivTrades
For years the US national debt limit has been a persistent political issue, pitting Democrats against Republicans. As the latest deadline for the approval of a new limit approaches, with a cut-off date of March 2023, the question is whether the two parties can find common ground and agree to raise the size of the US sovereign debt.
BTC chief in promise on service ‘black hole’
The Bahamas Telecommunications Company’s (BTC) top executive last night pledged to deliver “a best-in-class experience” for all users after complaints that clients were left “in the lurch” by poor customer service.
DEREK SMITH: Good corporate governance critical to sustainable growth
CORPORATE governance incorporates the principles and practices that guide how a company is directed, managed and controlled. It is critical for building long-term value for all stakeholders, including shareholders, employees, customers, suppliers and the broader community.
Construction corruption ‘big elephant in room’
CONSTRUCTION-related corruption has been branded as a “big elephant in the room” with the potential to compromise building safety, a Bahamian Contractors Association (BCA) trustee is warning.
New Bay Street entity to seek 100 recruits
A NEW Bay Street tourist attraction will later this month seek to recruit 100 Bahamians to staff its operations, the Government’s labour director, said yesterday, after this weekend’s job fair produced “a significant number of hirings”.
Morton Salt staff to enjoy up to 25% wage increase
LINE staff at Morton Salt are set to enjoy wage increases of up to 25 percent after their trade union signed an “historic” five-year industrial agreement with the Inagua-based salt harvester.
Sebas acquires former Citibank site near UOB
THE FORMER Citibank property on University Drive has been renamed in honour of the father of its new owner - Island Luck chief, Sebas Bastian.
Bahamas lost $32.5m aviation financing as ‘bar kept moving’
The Bahamas used just 32 percent of an Inter-American Development Bank (IDB) loan provided to overhaul its aviation industry because it failed to implement safety reforms essential to unlocking the $32.5m balance.
Gov’t urged: ‘Don’t be hog’ over vacation rental taxes
The Government was last night told “don’t be a hog” over plans to increase tax earnings from the vacation rental sector, with property owners openly talking about forming an industry association to safeguard their interests.
Attorney splits Privy Council over failed Colina challenge
An attorney yesterday split the highest court in the Bahamian judicial system down the middle with his ultimately unsuccessful challenge to the country’s largest life and health insurer.
‘Kick back’ likely over Out Island airport fees
The introduction of passenger user fees to finance Family Island airport redevelopment will cause travellers to “kick back” and initially soften travel demand, Bahamian aviation operators forecast yesterday.
‘$5m’ dispute closes boating fees portal
The online clearance portal for foreign boaters and yacht charters has been shut down amid disputed allegations that “$5m” in fees paid by the industry have not been passed to the Bahamian Government.
IAN FERGUSON: Converting customers into recurring clients
Converting new customers into loyal and repeat clients should be the top priority of every business, whether large or small. Customer retention is key to the success of any enterprise.
Flats fishing regulations undergoing ‘fine tuning’
DRAFT regulations for the flats fishing industry have been completed and are now with the Attorney General’s Office for “fine tuning”, a Cabinet minister said yesterday.
‘Credibility problem’ over deficit revision
The Opposition yesterday charged that the Prime Minister has “a very big credibility problem” after he gave conflicting reasons for revising the fiscal deficit downwards just a week after unveiling the mid-year Budget.
