Decide Freeport’s post-2054 direction ‘within next 5 years’
An ex-Grand Bahama Port Authority (GBPA) counsel says The Bahamas must within “the next five years” determine the direction that Freeport takes once the Hawksbill Creek Agreement expires in 2054.
‘Prosperity on paper’ must reach the street
The Bahamas must ensure “prosperity on paper trickles down” to the street level so that persons feel the impact from rising GDP in their daily lives, a well-known accountant has asserted.
Bahamas in modest financial centre rankings improvement
The Bahamas has improved its ranking in a key financial centre index by four spots after plummeting 26 places in 2021, it has been revealed.
Fuel cost surge to hit construction site ride
Contractors may no longer give their workers rides between home and the job site in a bid to counteract higher fuel costs, the Bahamas Society of Engineers (BSE) president has warned.
Cat Island urges: Do ‘due diligence’ on $60m resort
Cat Island business owners are urging the Government to conduct proper “due diligence” on a $60m resort project after its principal developer accepted US sanctions over his role in a $122m investment fraud.
Sanctioned resort principal’s project hearing put ‘on hold’
Tomorrow’s public hearing on a $60m Cat Island resort project, whose principal last week agreed to accept US sanctions over his role in a purported multi-million investment fraud, has been placed “on hold” by the Government.
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.
