Private pilots: ‘Trust but verify on show stopper’
Private pilots plan to “trust but verify” pledges by Customs to ease clearance reforms that some argue could cost this nation up to 25 percent of its existing business if implemented in their original form.
Super Value slashes inflation impact 20%
Super Value’s principal says he does “not expect” The Bahamas to be hit by the baby formula shortage afflicting the US, while the supermarket chain’s buying strategies have reduced food inflation’s impact by 15-20 percent.
Bud ‘fight’ on Burns House supply loss
Budweiser’s parent should have given BISX-listed Commonwealth Brewery more than one year’s notice warning when it terminated their distribution agreement and forced the Supreme Court into “uncharted territory”.
Bahamas First chair urges ‘exemption’ on insurance investing
Bahamas First’s chairman is urging the Government and Central Bank to give property and casualty insurers a “special exemption” to invest overseas and help improve their financial resilience to natural disasters.
DEREK SMITH: ‘Digital transformation’ - The second part is key
Every company has been forced to reinvent itself, or re-evaluate how it does business, due to a digital evolution that some might call a revolution. Large companies have invested substantial resources in what is usually referred to as “digital transformation”. However, a problem occurs when they undertake a digital transformation plan without a clearly defined vision of what this should entail.
Digital assets are no ‘silver bullet’ to rescue economy
A Cabinet minister and a member of the Government’s Digital Advisory Panel have both warned that digital assets are not a “silver bullet” that will rescue the Bahamian economy by themselves.
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.
