$10.4bn national debt bigger than economy
The Bahamas’ $10.4bn national debt is bigger than the size of its economy, it was confirmed yesterday, further exposing the “daunting challenge” the Government faces in tackling twin economic and fiscal crises.
Push Grand Lucayan sale ‘across goal line’
The Grand Bahama Chamber of Commerce’s president yesterday urged the newly-elected government to make the Grand Lucayan’s sale “a high priority” and get it “across the goal line” as rapidly as possible.
PM urged: ‘Flip switch’ over true meritocracy
The Prime Minister was yesterday urged to “flip the switch” and transform The Bahamas from a political patronage-based system to a meritocracy, an ex-political leader warning: “We can’t afford for them to fail.”
Vacation rental room bookings up 200,000
Vacation rental room bookings increased 152 percent year-over-year during the 2021 second quarter as the Bahamian economy continued to recover from the restrictions associated with the COVID-19 pandemic.
Crowdfunding platform in Silicon Valley ‘bridge’
A Bahamas-based crowdfunding platform yesterday disclosed it is opening an office in California’s Silicon Valley as “a bridge” to connect this nation with international start-ups, investors and advisers.
ART OF GRAPHIX: Website content key to repeat customers
Website design is just another way businesses can show their credibility to customers. Having a beautiful website does not always ensure it will be seen, though. In order for a website to show up in the search results, search engines have to know what your website is about.
PM to take on role as finance minister
The Prime Minister will take on the minister of finance portfolio himself, it is understood, after he yesterday completed appointing his 20-strong Cabinet without naming anyone to the post.
Airport plan among major GB priorities
A Cabinet minister yesterday said developing a plan to rebuild Grand Bahama International Airport (GBIA) will be among the Davis administration’s top priorities for the island.
Businessman says: Don’t freeze GB out
A Grand Bahama businessman yesterday urged the Davis administration not to freeze the island out for the next five years because it elected three Free National Movement (FNM) members.
Gov’t told: ‘Rubber stamp’ fish poaching crackdown
The Davis administration was yesterday urged to “endorse and rubber stamp” the international initiative to stamp out fisheries poaching in Bahamian waters, as one fisherman warned: “We must take action now”.
Fish Fry chief: COVID still ‘real’ despite extra hours
The Arawak Cay Association’s president yesterday said his member vendors “cannot take our eyes off” COVID-19 despite being allowed to return to near normality by the curfew’s push back to a 12pm start.
Investment inflows must be ‘felt by man on street’
The Government must ensure that every new foreign and domestic investment project is “felt by the man on the street” otherwise “it’s only a number”, a well-known accountant has warned.
Bahamas’ DARE pays off
The Securities Commission’s executive director yesterday said its legislative DARE has received “a huge vote of confidence” through attracting a major crypto currency exchange to The Bahamas.
Utility-scale solar found ‘impractical’ for Nassau
Environmentalists were bluntly told by Bahamas Power & Light (BPL) that utility-scale solar solutions for New Providence are “impractical” because up to 1,800 acres would be required to generate sufficient energy.
HUBERT EDWARDS: Day one downgrade can spark impetus for change
The pendulum has swung the other way. The people of The Bahamas have spoken and there are some important lessons to learn, based on the results and extent of voter participation.
