Receivers take over murder victim’s luxury goods group
Receivers have taken over the luxury goods retail group headed by an ex-PLP Cabinet minister’s murdered husband in a bid to resolve a bitter $34m legal dispute.
Workplace safety hit by inspector shortage
The Bahamas faces “significant constraints” in upholding workplace health and safety laws and standards because there are just seven labour inspectors to cover the entire country.
Milo Butler aims to ‘reignite’ Freeport
The Milo Butler Group is aiming to “reignite” downtown Freeport via a potential $10m investment, with renovations to the former City Markets building set to finish within the next 90-120 days.
DPM hopes Hilton close ‘very short’
The deputy prime minister yesterday expressed hope that the British Colonial resort’s imminent February 15 closure “could be very short” if it quickly finds a replacement for the Hilton brand.
GB airport bid to launch in 45 days
The deputy prime minister yesterday said the Government plans to launch the bidding process to transform Grand Bahama International Airport into a “world class” facility within the next 45 days.
Gov’t gives ‘priority focus’ to 30% foreign debt ratio
The Government is giving “priority focus” to reducing its foreign currency debt to 30 percent of total liabilities in a bid to reduce pressure on The Bahamas’ currency peg and external reserves.
Self-patronising society to boost entrepreneurs
The chairman of a newly-formed Entrepreneurs Society yesterday said it aims to “build wealth” via a self-patronising strategy where all 171 small business owners support each other.
$3.2m acquisition to be donated for GB hospital
Doctors Hospital has teamed with three philanthropists to close the $3.2m purchase of its new Freeport facility and provide services to those who cannot normally afford private healthcare.
Gov't to meet realtors on 'misguided' tax concerns
The Government will meet with the Bahamas Real Estate Association (BREA) to address what a senior official described as "misguided" concerns over real property tax revaluations.
External reserves to end 2022 ‘not far from’ $2bn
The Central Bank’s governor yesterday predicted that The Bahamas’ external reserves will end 2022 “not far off $2bn” and ensure the US dollar exchange rate peg faces “no undue pressure”.
Governor: US rate hikes may 'frustrate' fiscal consolidation
The Central Bank’s governor yesterday warned that US interest rate hikes could “frustrate” the Government’s fiscal consolidation plans by increasing its foreign currency borrowing costs.
Bank governor eases 2022 growth forecast
The Central Bank’s governor yesterday moderated his 2022 economic growth projection to “over 5 percent” with the tourism industry not returning to pre-COVID levels in the year’s first half.
PM tells banks: Open accounts in 24 hours
The Prime Minister wants all Bahamas-based commercial banks to be able to open customer accounts within “a 24-hour deadline”, a senior banker revealed yesterday.
‘Number one priority’ to reverse productivity fall
Workforce productivity in The Bahamas fell in five of the six years prior to Hurricane Dorian, it was revealed yesterday, with a Chamber executive saying reversing this must be “number one priority”.
‘Trade off’ over civil service pay restraint
The Ministry of Finance’s top official says the rebounding economy will help the Government restrain public sector wages to $660.5m in four years’ time - a sum $10m below the current Budget.
