Training Agency gains 55% job placement rate
The National Training Agency (NTA) boasts a 55 percent job placement rate, a Cabinet minister has revealed, with nearly 6,000 Bahamians trained over the past year.Dion Foulkes, Minister of Labour, told the Senate: “The NTA continues to effectively ca
Moody’s warn COVID impact will remain beyond 2024
Bahamian economic output will not recover to pre-COVID-19 levels "until after 2024", Moody's has warned, in a stark illustration of the economic devastation unleashed by the pandemic.
VAT's 'blood from stone' for commercial landlords
A Bahamian realtor says the VAT Department sought to get “blood from a stone” by rejecting pleas from commercial property landlords to switch to cash-based filings/payments at COVD-19’s peak. David Morley, Morley Real Estate’s president, told Tribun
Lucayan on high alert for 'unrest'
The Grand Lucayan will today be placed on high alert due to expected industrial unrest over the termination of 170-plus staff, with its chairman pledging: “I’m going to nip this in the bud.” Michael Scott QC told Tribune Business he will respond wit
Ex-casino worker faces jail 12 years after 'theft'
A former Crystal Palace casino worker has been ordered to report to Fox Hill prison so he can begin serving a near-three year sentence for a $20,000 counterfeit money/theft offence committed almost 12 years ago. Appeal Justice Jon Isaacs, writing a
ACTIVTRADES: The faster the better - some things never change
In the distant year of 490BC a Greek messenger raced from Marathon, the site where a Greek army had just fought and beaten the invading Persians, to Athens, more than 25 miles away, to deliver the good news. Many centuries later, in 1896, this feat w
PM pledges no approval for Andros 'non-starter'
The prime minister’s pledge that the government “will not grant” permission for a free trade zone in North Andros was yesterday hailed as “very encouraging” by the Bahamas National Trust’s (BNT) top executive. Eric Carey, the Trust’s executive direc
Tourism providers find re-opening tough going
Several tour, attraction and excursion providers say they are struggling to understand and implement the necessary COVID-19 protocols after the Prime Minister yesterday gave the go-ahead for their July 13 re-opening. Peter Rebmann,Pearl Island’s man
DOUBLE DIP: COVID fallout sees two-point downgrade
The “extraordinary beating” inflicted upon the tourism industry by COVID-19 was critical in Moody’s decision yesterday to strip The Bahamas of its ‘investment grade’ credit rating, the deputy prime minister says.
DPM confident over beating $1.3bn deficit
The deputy prime minister yesterday voiced optimism that the government will beat its $1.327bn fiscal target for the upcoming 2020-2021 fiscal year as he reassured that The Bahamas’ debt burden is not yet “unbearable”.
Union chief: 2020 a tourism write-off
The hotel union’s president has described this year as a write-off for the tourism industry while voicing optimism that 2021 could be “a banner year” for the sector based on pent-up COVID-19 demand.
Financial sector faces 'heightened challenge'
The Central Bank is warning that the Bahamian financial services industry faces “heightened challenges” with sector employment levels falling for the fifth consecutive year in 2019. Unveiling its latest annual survey of the industry’s economic contr
Lucayan payroll has cost taxpayers $11m
The Government will have spent more than $11m on employee termination packages and support by the time it closes the Grand Lucayan’s sale, it was revealed yesterday.
Straw Vendors: Authority 'not candid' on re-opening
Straw vendors yesterday accused the Straw Market Authority (SMA) of not being “candid” with them about its plans for the downtown facility ahead of the July 1 post-COVID-19 borders re-opening. Reverend Esther Thompson, president of the Straw Busines
Businessman voices Customs frustration
A Grand Bahama businessman is voicing frustration that Customs is undermining the ease of doing business by preventing freight forwarders and couriers from bulk clearing shipments. Darren Cooper, owner of D’s Car rentals, told Tribune Business that
