Governor eyes IMF-beating 4-6% GDP growth for 2023
The Central Bank’s governor yesterday forecast that The Bahamas could beat International Monetary Fund (IMF) projections by growing its economy “anywhere in the 4-6 percent range” for 2023.
Landscaper: Don’t single out Haitian work permits
THE Bahamas Landscaping Association’s (BLA) chairman says the Government should not bar only new work permit applications for Haitians as there are multiple other nationalities holding jobs Bahamians can do.
$50m Arawak Cay project targets ‘Tesla-like’ impact
A Bahamian former professional basketball player is investing $50m in an Arawak Cay manufacturing facility he hopes will enable this nation to become “a leader in the field” of climate-resilient construction.
Cruise port’s $138m refinance eyes millions in cost savings
Nassau Cruise Port yesterday disclosed it is aiming to slash annual debt servicing costs by several million dollars through refinancing the $138m bond debt that kickstarted its transformation at COVID’s peak.
GBPA must ‘get out of the way’ if can’t fulfil mandate
A 50-year Freeport licensee today calls on the Grand Bahama Port Authority’s (GBPA) owners and Hutchison Whampoa to either finally live up to their development obligations or “get out of the way”.
Gov’t and insurers battling over VAT medical cost rise
The Government and insurance industry last night traded blows over fears that Bahamian healthcare costs will further increase due to a new VAT treatment set to take effect from April 1, 2023.
Give GB fresh start on nation’s 50th birthday
MY 2023 New Year’s wish for Freeport, Grand Bahama, is that the island is given a new start, and one that brings back full employment island-wide.
EU team assesses effort to build stronger exports
BAHAMAS Bureau of Standards and Quality (BBSQ) executives last week met with European Union (EU) officials in a bid to build a stronger exporting culture in this nation.
Artificial intelligence
ActivTrades
Artificial intelligence (AI) was an often-used word on Wall Street last week.
Hayward backs bid to ‘reimagine’ GBPA
A Hayward family member yesterday pledged “an ambitious masterplan for change” to create “thousand of jobs” in Freeport as he backed efforts “to reimagine and revolutionise” the Grand Bahama Port Authority (GBPA).
Gov’t warns US airlines: ‘You won’t bully Bahamas’
THE Government Wednesday warned the US airline industry that it will “not bully The Bahamas into surrendering its sovereignty” over assertions that this nation’s air navigation fees are excessive and unjust.
Five-year verdict delay an ‘embarrassment to justice’
The Appeal Court’s president yesterday slammed the five-year delay in issuing a verdict on a $115,489 pension theft dispute as “an embarrassment to the administration of justice in this country”.
Appeal justice backs Condo Act reform call
An Appeal Court justice this week backed calls by a Supreme Court counterpart for reforms to the Condominium Act that will remove potential obstacles to the resale of units in such complexes.
FTX’s Bahamas creditors say minimal sums owed
Multiple Bahamian companies identified as FTX creditors yesterday asserted that the purported sums owed to them were minimal to non-existent.
Snacks providers seeking more sugar, salt tax detail
AN ICE cream parlour yesterday said it is “getting into the swing” of things for 2023 despite talk of the Government implementing new taxes targeting sugar and salt.
