Reflating economy aids $11.843bn debt burden
The Bahamas’ $11.843bn national debt at end-March 2022 has dropped below this nation’s economic output due to the continued post-COVID-rebound, resulting in a debt-to-GDP ratio of around 98.4 percent.
IAN FERGUSON: Grooming a workforce for corporate success
A grooming policy should reflect the needs of the employer while not unnecessarily restricting an employee’s individual expression. The more formal or professional the culture, and the more employees interact with individuals outside the workplace, the greater the need for employers to have a policy governing employee grooming and hygiene.
Gov’t allocates $4.5m for GB growth revival
A Cabinet minister yesterday said some $360,000 has been set aside to finance micro, small and medium-sized (MSME) businesses and entrepreneurs in Grand Bahama.
Ex-PM renews attack on cost of living ‘crisis’
The former prime minister yesterday renewed his attack on the Government’s decision to reimpose VAT on so-called “breadbasket” food items by arguing this has “made worse” the cost of living crisis faced by many Bahamians.
Coral disease fighter: ‘We are being seen as pirates’
The scientific institute spearheading The Bahamas’ fight against a killer coral disease yesterday said it may have to start slashing local jobs this summer due to permitting woes, adding: “We’re being viewed as potential pirates.”
FOCOL ‘gunning’ to beat $40m savings for BPL
FOCOL Holdings is “gunning” to beat the $40m savings pledged to Bahamas Power & Light (BPL) customers through the New Providence rental generation it will supply to prevent summer blackouts, its chairman asserted yesterday.
Contractors Act reform must prevent ‘storm’
The Bahamian Contractors Association’s (BCA) president yesterday said the Government is prioritising reforms that will prevent a “storm” erupting in the sector through “thousands” of persons potentially being barred from obtaining licences.
Chinese funding wait halts $23.3m stadium upgrades
The $23.3m renovation of the Thomas A Robinson stadium has been placed “on hold” while the Government tries to obtain grant financing from the Chinese government, a Cabinet minister revealed yesterday.
BPL: $15m maintenance put back to ‘manage cash’
Bahamas Power & Light (BPL) has delayed $15m in maintenance overhauls beyond summer 2022 “to manage cash”, a Cabinet minister revealed yesterday, while conceding that such practices have undermined generation “reliability”.
Water Corp racked up $40m supplier debts
The Water and Sewerage Corporation (WSC) racked up a $40m debt owed to its major reverse osmosis suppliers since Hurricane Dorian struck in 2019, an MP said yesterday.
Glass Window rebuild can be ‘world famous’
A Cabinet minister yesterday confirmed construction on Eleuthera’s new Glass Window Bridge will begin next year amid hopes that the new infrastructure will become a tourist attraction in its own right.
Crowdfund platform targets 12 more listings after ‘retool’
A Bahamian crowdfunding platform yesterday disclosed it is preparing to bring another 12 companies to market within the next three months following what it described as a six-month “retool”.
Sandals founder’s family in Bahamian legal battle
The family of Gordon ‘Butch’ Stewart, the late Sandals resort chain founder, have become embroiled in an escalating Bahamian legal dispute over the multi-million dollar estate he has left behind.
Entrepreneur targets $850k for restaurant’s expansion
A restaurant entrepreneur yesterday moved to raise $850,000 from Bahamian crowdfunding investors to finance construction of a production and distribution centre and his planned franchise expansion.
Coral killer will ‘decimate’ tourism, fisheries sectors
The Bahamas National Trust’s (BNT) top executive yesterday warned that tourism and other coral reef-reliant industries will be “decimated” unless this nation rapidly arrests the spread of a killer disease for these key marine ecosystems.
