CIBC closing Palmdale branch
CIBC FirstCaribbean has announced that its Palmdale branch will close permanently on August 31, 2022.
Tough Times for Britain
ActivTrades
During the second quarter of 2022, the United Kingdom’s GDP dropped by 0.1%, confirming the gloomy expectations of analysts, with the pace of the contraction expected to accelerate in the runup to the end of the year. Meanwhile, June’s inflation exceeded 10% for the first time since February 1982, while wage growth was limited to 5.1%. A significant drop in buying power for British families, driving an increase in poverty.
‘Nothing wrong’ in meeting with planning applicants over Lyford Cay scheme
The Town Planning Committee chairman says there was nothing wrong with meeting a potential applicant to the committee prior to them making an application.
Camp gives glimpse of maritime industry
DISNEY has been giving Bahamian youngsters the chance to dip their toe into the maritime industry this summer.
ArawakX: No deep analysis of foot crowdfund success
A Bahamian crowd-funding platform is “still learning the market” on a capital raise that has outpaced the next closest listing by 232 percent with 75 days left in its raise process.
Where are the treasures rescued from lost galleon?
The press secretary for the Office of the Prime Minister, Clint Watson, says the government’s portion of the treasure recovered from the Spanish galleon Nuestra Senora de la Maravillas is at the Central Bank and will not be open for viewing by the general public for security reasons.
‘Too many taxi plates will hurt elderly’ warns union chief
The Bahamas Taxi Cab Union (BTCU) president says the elderly are suffering due to the 200 percent increase in the government’s taxi plate giveaway and many will “cry out” this coming September.
Abaco poultry farm may aim to launch $150k hatchery
An Abaco poultry farm needs just $150,000 to start their own hatchery in efforts to beat supply chain woes.
‘Moving services online is the right way to go’
Information technology professionals have hailed the government’s efforts to provide grant funding for digital innovators for public sector efficiency.
Freeport Container Port celebrates 25th anniversary
The Freeport Container Port reached a major milestone this summer, celebrating 25 years in operation on Grand Bahama.
Environment specialists sign up to roles at Lighthouse Point
Disney Cruise line (DCL) has recruited more Bahamians to fill positions for its Eleuthera Lighthouse Point project.
Lyford Cay residents call for halt to condominium plan
Lyford Cay residents say a nine-storey quartet of condominiums “must be stopped” from being developed behind their gated enclave.
Tourism ministry launches series of marketing missions
The Bahamas Ministry of Tourism, Investments, and Aviation will launch a series of global sales and marketing missions running until May next year, beginning in Florida and New York next month. Missions are planned for the US, Latin America, Canada, United Kingdom and Europe.
35 percent revenue rise for insurance firm Colina
The Bahamas’ largest life and health insurer has posted a 35 percent increase in premium revenues for the past six months ending in June.
Real estate expected to attract more staff
A real estate expert is predicting an average of 12.5 percent annual growth in real estate professionals entering the business over the next five years.
