Govt told: Productivity must be ‘top priority’
The government was yesterday urged to make creation of a National Productivity Council “top priority” in its efforts to “get the country up and running again” following COVID-19’s devastation.
$10m poultry investment in ‘Nassau-centric’ move
A $10m poultry farming project is aiming to “become more Nassau-centric”, with its investor yesterday pledging it remains committed once land and the incentives regime are agreed with the government.
Consumer debt to challenge FINCO
A major mortgage lender has warned it will be increasingly challenged to grow its loan book because COVID-19 has “compounded” the strain for Bahamians already highly leveraged on consumer debt.
‘Good indication’ of $535m BPL rating
Bahamas Power & Light (BPL) already has “a good indication” of the credit rating its upcoming $535m bond issue will receive, a Cabinet minister has revealed, as it makes moves on generation reform.
Harbour Island cruise fears taken on board
Harbour Island hoteliers yesterday said their cruise concerns were taken on board by a Cabinet minister who pledged to “find a path forward” acceptable to all sides.
IAN FERGUSON: Don’t tune out music’s workplace advantages
Music is said to be the universal language. Somehow bars, notes, chords, rhythms and beats have the ability to transport us into another world and emotional state of being. It influences the way we communicate, and most understand its immense power in causing people the world over to pay attention, receiving messages that are encrypted in each note and bar. Children learn songs much quicker than they put to memory their written and spoken lessons. This is why we sing the alphabet and multiplication tables to them.
Businesses urge: Cut waste before taxation
Bahamian businesses yesterday urged the government to cut waste and excessive spending before coming to them with demand for new and/or increased taxes.
Small business positive over crowdfunding plan
Bahamian small and medium-sized enterprises (SMEs) yesterday hailed proposed crowdfunding rules that will enable them to raise up to $5m in equity capital as an “amazing boost”.
GB’s ‘Caribbean first’ raises additional $10m
The Caribbean’s Grand Bahama-based first “clean port facility” yesterday confirmed it has raised an additional $10m to fund an expansion that will be completed by this July.
Don’t make taxation reform ‘money grab’
The government was yesterday warned not to permit its latest tax reform initiative evolve into a pure “money grab” that simply finances unrestrained public sector expansion.
‘Great game changer’ for SME fund raising
Plans to modernise capital-raising by small businesses were yesterday branded “a great game changer” for Bahamian entrepreneurs that is “four to five years overdue”.
Crowdfund ‘nursery’ targets $800m gap for start-up funding
A Bahamian financial services provider yesterday said its companies “nursery” will help fill a potential “$800m a year” financing gap when it launches in three months’ time.
Insurer: ‘No full blown rate increases’ in 2021
Bahamas First’s top executive yesterday said the general insurer has no plans for “a large, full blown rate increase across the board” in 2021 after more than a year of post-Dorian hikes.
Govt to recapitalise BDB in $20m outlay
The government will inject more than $20m to recapitalise the Bahamas Development Bank (BDB) in the upcoming 2021-2022 fiscal year as part of efforts to boost small business financing.
GB eyeing multi-million boost from two projects
A Cabinet minister yesterday hailed two multi-million dollar investment projects as providing a much-needed boost for Grand Bahama’s Dorian and COVID-19 ravaged economy.
