Gov’t in ‘final talks’ on Grand Lucayan
The Government is in the “final phase of discussions” with Royal Caribbean over its long-running Grand Lucayan acquisition, the deputy prime minister said yesterday.
Minister defends $5m SME funding slash
A Cabinet minister yesterday defended the Government’s decision to slash funding for small and medium-sized businesses by $5m, arguing that this will not “interrupt” support for the sector.
Private sector switch eyed for office-less public hires
A Cabinet minister yesterday said the the Government is looking to place the 83 workers hired pre-election, but for whom it has been unable to find posts, with the private sector.
Resorts set for ‘over 90%’ Thanksgiving occupancies
Major Bahamian resorts are set to enjoy occupancies “in excess of 90 percent” over the Thanksgiving holiday, a top hotelier disclosed yesterday, adding: “We’re not looking back.”
Bad weather may ‘knock 10-15% off’ for marinas
The Association of Bahamas Marinas (ABM) president yesterday voiced fears that anticipated bad weather may “knock 10-15 percent off” visiting boater traffic this Thanksgiving holiday.
Union chief hails ‘night and day’ labour change
The Trades Union Congress (TUC) president yesterday accused the former Minnis administration of committing “an unforgivable sin” as he hailed a “night and day” difference in labour relations.
BPL fuel hedge among ‘first issues’ for Board
Bahamas Power & Light’s (BPL) fuel hedging strategy will be continued beyond its June 2022 end, a Cabinet minister promised yesterday, although there may be some adjustments.
Cruise giant’s 150-year PI Crown Land ‘option’
The Minnis administration has effectively given Royal Caribbean a minimum 150-year lease over seven Crown Land acres on Paradise Island for its multi-million dollar Beach Club project.
Just 72% of vendors back to Straw Market
Just 72 percent of straw vendors are returning to the re-opened Bay Street facility, it was revealed yesterday, representing a 140-person decline from pre-COVID levels.
Winder stepping down as Commonwealth chief
Commonwealth Bank’s president, Raymond Winder, is stepping down to be replaced by the BISX-listed institution’s chief operating officer, Tribune Business can reveal.
‘Not a dollar back’ in tax arrears deal
An Abaco district council is hoping “the third time” is a charm in persuading the Government to honour an agreement where it has “not got a dollar back” from unpaid taxes it has recovered.
Realtor questions VAT break for ‘rich’ buyers
A realtor yesterday questioned why the Government is effectively giving a break to “rich” overseas real estate buyers while raising VAT on the poor by taxing ‘breadbasket’ food items again.
Cable hails $75m spend for record Internet year
Cable Bahamas says a $75m network investment over the past three years enabled its Internet business to enjoy its “best ever” year during COVID-19’s peak with subscribers hitting 56,000.
Port: No tariff increase as income jumps 48%
Nassau’s major commercial shipping port has no plans to increase tariffs “in the near term”, its top executive has affirmed, after operating income increased by $1m in its 2022 first quarter.
Keynes, Friedman and Stagflation
ActivTrades
Between the end of World War II and the 1970s, mainstream economics was dominated by the ideas of John Maynard Keynes, a British economist.
