Ex-FNM minister: 6% unemployment rate 'improbable'
The prime minister’s pledge that the unemployment rate will be slashed to a 21st-century low of six percent within 18 months was yesterday branded “highly improbable” by an ex-FNM Cabinet minister. Zhivargo Laing, former minister of state for financ
Bahamian airline defeats GB airport's $372k claim
Grand Bahama Airport Company’s demand that a prominent Bahamian airline pay it $371,353 in “outstanding airport fees” has been rejected by the Supreme Court.Senior justice Estelle Gray-Evans ruled that the Grand Bahama International Airport operator
Minister: No WTO membership 'for at least five years'
A Cabinet minister yesterday said full Bahamian membership of the World Trade Organisation (WTO) “cannot happen for at least within the next five years”.Elsworth Johnson, minister of financial services, trade and industry and immigration, told the Ho
Fidelity's loan portfolio 'better than pre-Dorian'
A BISX-listed bank’s loan book has performed “better post-Dorian” than before the storm, a top executive revealed last night, adding that it has set an initial $26m profit target for full-year 2020.Gowon Bowe, Fidelity Bank (Bahamas) chief financial
Boating show to donate $110k to Ranfurly Home
All proceeds from an upcoming yacht, boating and marina showcase will be donated to the construction of a transitional home on the grounds of the Ranfurly Homes for Children. The Bahamas Charter Show, which will be held from February 27 to March 1,
Nassau/PI resorts enjoy 24% increase in 'mice'
The Nassau/Paradise Island resort industry last year enjoyed a “24 percent increase” in its meetings, incentives, conferences and events (MICE) business, a Cabinet minister revealed yesterday.Dionisio D’Aguilar, minister of tourism and aviation, told
Critical Marsh Harbour assets eyed for move
The government needs the co-operation of private property owners and other stakeholders to move Marsh Harbour’s town centre further inland, a Cabinet minister said yesterday. Iram Lewis, minister of state for disaster preparedness, management and re
Bahamas must 'rethink' all planning in Dorian's wake
The Bahamas must “rethink” every aspect of its infrastructure and planning regulations following Hurricane Dorian’s devastating $3.4bn impact, a government minister said yesterday. Iram Lewis, minister of state for disaster preparedness, management
BOB profits decline $1m on 141% credit loss rise
A 141 percent increase in loan loss provisions due to Hurricane Dorian and new accounting treatments have been blamed for cutting Bank of The Bahamas’ first-half profits by more than $1m. The BISX-listed institution, unveiling its results for the si
Magic man David Copperfield in fight over $2m property tax bill
A world-famous magician/illusionist has defeated the Government's bid to obtain a summary judgment in their $2m-plus real property tax dispute involving his private Exuma resort destination.
Get 'house in order' for aircraft registry
The Bahamas will be unable to fulfill its aircraft registry ambitions unless it “gets its house in order” on the industry’s civil aviation regulatory regime, a Cabinet minister has admitted.Dionisio D’Aguilar, pictured, minister of tourism and aviati
‘Flamboyant’ dresser’s casket costs funeral manager $34,000
A funeral home manager, whose photo of the casket for one of Nassau’s most “flamboyant” dressers went “viral on social media”, has lost her $14,472 claim for wrongful dismissal.
Cable chief places 'undivided attention' on customer service
Cable Bahamas top executive says customer service and content quality will have his “undivided attention” for the next one-two years following completion of the firm’s $301.5m US exit.Franklyn Butler, pictured, the BISX-listed communications provider
Investors buy up 35% of oil explorer's fund
A Bahamas-based oil explorer says it achieved its targets after local investors purchased 35 percent of the available shares in the investment fund it created.Simon Potter, the Bahamas Petroleum Company’s (BPC) chief executive, said in a statement th
Water Corp unions sent back to work
The chief justice has ordered members of both Water and Sewerage Corporation unions to return to work until there is a full Supreme Court hearing on their industrial dispute next Monday.Brian Moree QC granted a temporary injunction on Friday that eff
