Chamber director backs unions groups' merger
A private sector labour specialist yesterday backed the proposed merger between The Bahamas’ two trade union bodies on the basis that it will be “better for workers” and end previous in-fighting.Peter Goudie, The Bahamas Chamber of Commerce and Emplo
IAN FERGUSON: A retiring strategy you can bank on
Many employees are making the mistake of taking too long to prepare for retirement. After working diligently for more than 30 years you should set yourself up financially for your “golden years”. The last 12 months before you call an end to your care
LETTER: How to solve govt's GB airport quandary
Dear Editor , I imagine the government is in a major quandary over Grand Bahama International Airport. The quandary is not whether the $70m needed for a new terminal has to be spent, but by whom. As I have explained, Freeport has no viability if
'Not grim' despite $1.3bn debt surge
The deputy prime minister yesterday disagreed that The Bahamas faces a "grim" economic and fiscal outlook even though government debt is forecast to increase by $1.3bn over the next five years.
Aliv IPO goal for 2022-2023
The government is targeting the 2022-2023 fiscal year to exit its 51.75 percent majority ownership in Aliv and raise “at least” $73m, it was revealed yesterday.The 2019 Fiscal Strategy Report, released yesterday, disclosed that the government’s dispo
Past govts 'negligent' on $160m BTC pension hole
The Bahamas Telecommunications Company’s (BTC) unions yesterday slammed the “negligence” of previous administrations for creating a near-$160m pension hole that taxpayers must now plug. Ricardo Thompson, pictured , the Bahamas Communications and Pub
Fears Bahamas 'on edge of abject failure'
Fiscal watchdogs yesterday voiced alarm that The Bahamas is “on the precipice of abject failure” based on the sharp post-Dorian hikes in the government’s annual fiscal deficits and national debt.Rick Lowe, an executive with the Nassau Institute think
Govt in $100m 'provision' over BOB's bail-out
The government yesterday revealed it has taken a $100m “provision” in anticipation of the Bank of the Bahamas bail-out vehicle recovering just 40 percent of the toxic loan sums transferred to it.The Fiscal Strategy Report 2019, tabled in the House of
ART OF GRAPHIX: The sky is the limit with Adobe Cloud
Ever wondered what Adobe programs do? Adobe creates a lot of programs that most people are familiar with, such as Flash, Photoshop and Adobe Reader, but those are not the only ones it develops. In the past, a fairly large investment was needed to buy
Govt targets $418m SOE exposure slash
The government is targeting a 56.8 percent reduction in loans it has guaranteed on behalf of state-owned enterprises (SOEs) over the next four years, cutting this sum by $418.2m. The 2019 Fiscal Strategy Report, tabled in the House of Assembly yeste
Airport plans for 90,000 Thanksgiving travellers
Key Lynden Pindling International Airport (LPIA) stakeholders will meet this week to finalise plans for ensuring 90,000 travellers enjoy a smooth customer experience over the Thanksgiving weekend. These passenger volumes are projected to move throug
Cruise line unveils ‘Black Friday’ offer
Bahamas Paradise Cruise Line, the provider of two-night cruises to Grand Bahama Island and Nassau, has announced a Black Friday offer to help drive increased bookings and revenue.
Tourism moves to boost cruise ship crew spend
The Ministry of Tourism & Aviation’s cruise and maritime department has introduced an initiative designed to increase onshore spending by visiting cruise ship staff and crew.
Data deal critical to $88m PMH deficit
The “crashed” healthcare data contract was critical to cutting Princess Margaret Hospital’s $88m income deficit, which exists despite patient days being five times’ higher than in other Caribbean nations.
'We could sign tomorrow' with $100m airport offers
A senior official yesterday said the government “could sign tomorrow” with multiple offers as it seeks to raise $100m for the overhaul of four prominent Family Island airports.Algernon Cargill, director of aviation, told Tribune Business that financi
