Bahamas may ‘run out of runway’ for reforms
A Caribbean economist has questioned whether The Bahamas will “run out of runway” before key reforms “bear fruit” sufficiently to avert an economic and fiscal crisis.
Airline eyeing Out Island expansion
An airline is aiming to expand commuter flights to Cat Island and Eleuthera by year-end as it seeks to ramp-up service to more Family Islands.
Tricky Russians
ActivTrades
EVEN many Russians cannot believe their eyes at the exchange offices in Moscow: The ruble is getting stronger and stronger. The Russian war of aggression against Ukraine, western sanctions, the mass departure of companies - all of this is weakening the country’s economy. On Thursday, for example, McDonalds announced the sale of its 850 stores to a Siberian businessman. This should also affect the ruble exchange rate.
‘Fix low hanging fruit’ before Lucayan close
The Government was yesterday urged to fix “the low hanging fruit” by ensuring Grand Bahama International Airport remains open beyond 6pm while it moves to close the sale of the island’s major resort.
Entrepreneur’s ‘shock’ over $15 lettuce price
A Cat Island entrepreneur yesterday revealed her “shock” when she discovered a local grocery store was selling lettuce for $15, saying: “The realities are striking.”
Make San Salvador World Heritage site
A Ministry of Tourism executive yesterday urged The Bahamas to “lobby in earnest” for the entire island of San Salvador to be designated a UN World Heritage Site, adding that this typically boosted business volumes by 8-15 percent.
‘Beyond time’ for key land reforms
It is “beyond time” for The Bahamas to reform a “precarious” land administration system where half of all privately-owned parcels were previously estimated to be in dispute, an attorney said yesterday.
Cat Islanders target July in airport revival proposal
Cat Island stakeholders are aiming to present a proposal to upgrade Arthur’s Town airport and other critical infrastructure to the Government by this July, it was revealed yesterday.
Insurers warn on ‘double digit’ auto repair increase
Bahamian insurers yesterday warned they are examining “high double digit increases” in auto repair costs to determine if an increase in motor vehicle premiums is justified over the medium to long-term.
Bank sold despite ongoing legal fight
A Bahamian bank’s sale has been confirmed by its statutory administrator despite his actions, and those of the Central Bank, being subject to a legal challenge that is ongoing before the Supreme Court.
Flowers ordered to pay ex-FML executive $120k
Craig Flowers’ FML web shop chain has been ordered to pay a former senior executive $120,000 plus interest after the Court of Appeal overturned a previous verdict relating to “irregularities” designed to inflate staff earnings.
Bahamas will ‘fight’ EU, OECD on digital assets
The Bahamas will likely have “to fight” the European Union (EU) and Organisation for Economic Co-Operation and Development (OECD) to preserve its digital assets leadership, the Opposition’s leader warned yesterday.
Bran’s law firm receives $62.5k on Gibson case
The Democratic National Alliance’s (DNA) former leader yesterday accused Adrian Gibson of “costing the Bahamian people an extra $22,500” after the Water & Sewerage Corporation settled the full amount of his law firm’s claim out-of-court.
Electrical retailer in zoning clash with major developer
A major New Providence developer is objecting to an electrical retailer’s bid to rezone five acres it owns near Lyford Cay to commercial, which it argues will aid the property’s sale and fetch a higher purchase price.
A ‘poisoning of the well’ on COVID food initiative
The Opposition’s leader yesterday accused the Prime Minister of committing a “poisoning of the well” by “drip feeding” Bahamians assertions about the COVID food assistance initiative that were not yet supported by evidence.
