Working age 'plateau' to hit growth, credit rating
Moody’s has warned that a working age population due to “plateau” by the mid-2020s will limit The Bahamas’ economic growth potential and “weigh” down its sovereign credit rating. The international credit rating agency, in its just-released latest up
GB Power: New customer charge 'not an easy sell'
Grand Bahama Power Company’s top executive yesterday admitted it is “not an easy sell” to add an extra charge to all customer bills to pay for $15m in Hurricane Dorian restoration costs.Dave McGregor, the utility’s chief executive, defended the Storm
PM: 20% hotel vacancy cut to hit jobless goal
The prime minister yesterday argued his six percent unemployment rate goal can be achieved by increasing average occupancy rates at existing Bahamian hotels by 20 percentage points. Dr Hubert Minnis, telling the House of Assembly that his ambitious
Funeral home chief hits back in Dorian row
A funeral home director has denied an industry association’s assertion that the government paid her business a near-six figure sum to collect the bodies of Dorian victims, branding this “misleading”. Denalee Penn-Mackey, chief executive of Evergreen
BPL must ‘do everything in its power’ to prevent 2019 repeat
Bahamas Power & Light (BPL) was last night urged by the Chamber of Commerce’s top executive to “do everything in its power” to solve its cooling woe and avoid a repeat of summer 2019’s blackouts.
Bahamas 'devoted' to highest tax standards
A Cabinet minister told a Bahamas Financial Services Board (BFSB) hosted workshop that this nation is “devoted to meeting the highest international standards of tax cooperation and tax transparency”. Elsworth Johnson, minister of financial services,
Chamber chiefs happy with economic zones
Chamber of Commerce presidents yesterday said the post-Dorian Special Economic Recovery Zone (SERZ) initiative is going smoothly in both Abaco and Grand Bahama. Ken Hutton, head of the Abaco Chamber of Commerce, told Tribune Business: “Things are de
PM hits out on failed succession planning
The prime minister yesterday hit out at expatriate work permit holders who failed to train Bahamians to replace them, yet remained in this nation for years, for taking jobs away from locals. Closing debate on the mid-year budget in the House of Asse
'Mix-ups' to blame for Abaco port goods loss
Abaco’s Chamber of Commerce president yesterday called for better organisation at the island’s shipping port, adding that “mix-ups” rather than “higher levels of theft” are responsible for goods losses. Ken Hutton, pictured , speaking to Tribune Bus
BPL race to fix new plant issue: Minister orders firm it must resolve cooling problem with engines
Bahamas Power & Light is racing against time to have its new $95m electricity plant ready to meet peak summer demand after plans for its cooling system literally hit the rocks.
Funeral home row on Dorian burials
A minister has denied that the Government reneged “on its word” to allow a funeral home association to bury Hurricane Dorian’s unidentified victims on Abaco.The Bahamas Funeral Directors Association (BFDA), in a February 19, 2020, letter said it was
Gaming Board’s redundancy fail ‘mind boggling’ - judge
A Supreme Court judge has slammed the Gaming Board’s failure to follow “clearly set out” employment law procedures when it dismissed 24 staff as “mind boggling”.
AG hails ‘a new day’ on financial regulation
The Bahamas is targeting a June “exit” from a list of 18 nations with “strategic deficiencies” in their anti-financial crime defenses, the attorney general said yesterday, hailing “a new day” in regulation.
Land surveyors query PM over Crown Land
Private sector executives have challenged the Prime Minister’s assertion that a shortage of land surveyors is impeding the Government’s ability to issue Crown Land grants to Bahamians. Dave Taylor, secretary of the Bahamas Association of Land Surveyo
What impact will coronavirus have on financial markets?
The novel coronavirus first appeared in Wuhan sometime in December and, at the time of writing (February 19), there are over 70 million people infected worldwide, resulting in more than 2000 fatalities. The emergence of the disease triggered an unpre
