Marijuana ambitions damaged if too hasty
A marijuana advocate is warning that ambitions to develop medical marijuana and industrial hemp industries could be endangered if “long overdue” legislation is not implemented effectively.
The economic war
ActivTrades
RUSSIA’S invasion of Ukraine is not going as Vladimir Putin expected. After more than a month of fighting, Moscow’s ‘special operation’ has stalled. Despite almost 200,000 soldiers, supported by large numbers of armoured vehicles and sophisticated weaponry, Russian forces have been held back by poor planning and logistics, a fierce Ukrainian resistance, and an unusually united West, whose weapon supplies and intelligence sharing proved decisive in the unfolding of events on the ground.
Multiple investors target Athol Island
Multiple Bahamian investors yesterday confirmed they are targeting Athol Island with tour and beach break destination proposals that one said could create up to 100 jobs if approved.
Minister: ‘We’ll surpass 2019 by end of the year’
A Cabinet minister yesterday voiced optimism that The Bahamas’ economic performance will “surpass” that of 2019 by year-end after it was revealed that COVID-19 wiped out a decade’s worth of growth.
End to inter-island COVID tests a ‘world of difference’
Hotels and airlines yesterday hailed the Government’s decision to eliminate COVID testing for inter-island travel from New Providence and Grand Bahama as “making a whole world of difference” for domestic tourism and commerce.
Minister: ‘Diversify within, not away, from tourism’
A Cabinet minister yesterday said the number of registered Bahamian businesses has increased by 37 percent over the past two years, adding: “We must diversify within, and not away, from tourism.”
Banks ‘shying away’ from hospitality, entrepreneurs
A senior Royal Bank of Canada (RBC) executive yesterday conceded that Bahamian commercial banks “shy away” from providing credit to both The Bahamas’ largest industry and even successful entrepreneurs.
$60m resort investor accepts US sanctions
The lead principal behind a proposed $60m Cat Island resort project has accepted the imposition of sanctions over his role in an alleged $122m investment fraud, Tribune Business can reveal.
IAN FERGUSON: Skills required for proper leadership
Successful leadership never happens by choice. We have suffered for many years as a nation by giving titles to those who have no clue in the art of leadership. A leadership track record does not consist of big jobs or large networks. When a person cannot build healthy trust, centred on relationships, and nurture the talent of those around them, they cannot be regarded as having leadership skills.
BOB appoints first ever female chair
Bank of The Bahamas yesterday said it has appointed its first-ever female chair with attonery Donna Harding-Lee taking over the post with effect from March 18 following the necessary Central Bank approval.
‘Wonderful’ if Freeport cruise surge sustained
The Grand Bahama Chamber of Commerce’s president yesterday said it would be “wonderful” if the four cruise ships that visited the island on Wednesday can be sustained.
Concern at Treasure Cay’s ‘state of limbo’
A Treasure Cay resident yesterday voiced frustration at the seeming “state of limbo” involving the sale of its resort property, urging that its fate be rapidly resolved.
GB vendors need more than $500 Gov’t ‘relief’
A Grand Bahama restaurant manager yesterday welcomed the $500 relief package unveiled by the Government but said businesses require more help to recover from the twin blows inflicted by Hurricane Dorian and COVID-19.
PwC: Governance failures will cost companies dearly
Companies could lose key staff, customers and investments if they fail to live up to environmental, social and governance (ESG) expectations, a Bahamian accountant said yesterday.
‘Very real risk’ COVID food audit prejudiced
The head of the former COVID-19 feeding programme yesterday warned of “a very real risk” that the Government’s audit of the $53m initiative will be prejudiced by premature disclosures in Parliament.
