Build, build, build, stop!
ActivTrades
ERNEST Hemingway once wrote that bankruptcies happen gradually, and then suddenly. Such words seem appropriate to describe the fate of Evergrande, one of China’s largest real estate developers, which appears set to default on debt interest repayments.
Gov’t targets early Club Med re-open
The Government was yesterday said to be working with Club Med in a bid to ensure its San Salvador resort re-opens earlier than late 2022 and sparks “a 180-degree turn” in the island’s economy.
The latest ‘armed robber’ generation
READINESS, response and recovery cannot be left to chance. The delivery of a comprehensive security protection programme demands planning, co-ordinated implementation and consistent oversight.
Oil explorer relegates Bahamas to ‘non-core’
AN OIL explorer has downgraded The Bahamas to a “non-core” jurisdiction and closed its office in this nation after its first exploratory well failed to strike commercial quantities of ‘black gold’.
Price controls useless to fight ‘staggering’ inflation
Price controls will “do nothing” and prove useless against the “staggering” cost increases facing all Bahamians after US inflation yesterday surged to a 40-year high, a businessman is warning.
Money lenders facing regulatory crackdown
A crackdown that aims to reverse “non-existent” consumer protection from unregulated money lenders will take effect in the 2022 second quarter, the Securities Commission’s top executive says.
Bahamas needs ‘total energy transformation’
The Bahamas’ requires “nothing short of a total energy sector transformation” to revive its economy post-COVID but faces massive “barriers” to achieving this, a multilateral lender has warned.
Baha Mar supervisor loses dismissal fight involving drunk guest
A Baha Mar security supervisor lost his claim for wrongful and unfair dismissal against the mega resort after he videoed efforts to subdue a violent, drunken guest.
IDB’s 37% digital woe ‘totally different’ now
A digital payments provider yesterday said a survey that found 37 percent of Bahamian firms have challenges accessing electronic payments would have “a totally different result” if done today.
IAN FERGUSON: Signs workers need new job challenge
Economists indicate that the only form of healthy unemployment is frictional unemployment. That is the process of leaving a job to explore options that are more in line with a worker’s interests and skills.
Funeral industry fears on new entrant influx
The Government was yesterday again urged to properly regulate the funeral industry amid fears that untrained persons are being licensed to offer mortuary services.
Disaster Authority gets ‘big punch list’
The Abaco Chamber of Commerce’s president yesterday said the newly-appointed Disaster Reconstruction Authority (DRA) board has been given a “big punch list” of issues to take care of.
URCA outlines 2022 regulatory agendas
The Utilities Regulation & Competition Authority (URCA) yesterday pledged it will consider further liberalisation of the communications sector once the “market is ready for competition”.
Commercial properties: 70% behind on taxes
Some 70 percent of commercial properties are in arrears on their real property tax payments, it was revealed yesterday, although a “high proportion” of Bahamian homeowners are compliant.
Central Bank to explore cross-border Sand Dollar
The Central Bank aims to explore the Sand Dollar’s use outside The Bahamas within the next three years, it was revealed yesterday, with 20 percent of this nation’s adults having no bank account.
