WTO ‘no cure’ for structural woes
Full World Trade Organisation (WTO) membership is not a “silver bullet” to cure all the Bahamian economy’s structural problems, trade experts warned yesterday.
$500m WTO ‘shortfall’ pressure for US$ peg
The Bahamas’ one:one US dollar peg may face growing pressure from an annual $100m external reserves “shortfall” sparked by widening WTO-induced trade deficits, a study will warn today.
Union chief: ‘Compromise failure’ hurts labour talks
A veteran trade union leader yesterday said the failure “to understand what compromise means in The Bahamas” had produced bitter industrial disputes that undermined the national interest.
Bahamas First chief ‘very confident’ over VAT deal
Bahamas First’s top executive is “very confident” the government and general insurers will reach “a mutually beneficial resolution” to end the uncertainty over VAT recoveries on claims payouts.
Engineers eye ‘level playing’ field via WTO
The Bahamas Society of Engineers (BSE) president has voiced optimism that joining WTO will create a “level playing field” that protects local professionals and grows their “share of the pie”.
Carnival sees 40-60% foreign reveller growth
BAHAMAS Carnival band owners yesterday estimated there was a 40-60 per cent increase in foreign revellers at this year’s Road March parade, and said the event has become “one of the premier festivals in the region”.
Morton Salt staff: ‘We won’t throw towel in’
THE union representing Morton Salt line staff yesterday said workers were “weary but not ready to throw in the towel” over controversial industrial agreement negotiations.
Any crime ‘one too many’ for tourism
THE Bahamas Hotel & Tourism Association (BHTA) yesterday said any criminal act impacting the industry and its guests is “one too many” following the weekend’s John Bull robbery.
Central Bank workers given BISX exposure
A senior Bahamas International Securities Exchange (BISX) executive gave Central Bank employees an insight into its role and functions at their investment information session.
URCA reignites Freeport energy regulation battle
Freeport’s energy regulation battle is coming to the boil after Grand Bahama Power Company was told the Electricity Act “implicitly repealed” key parts of the Hawksbill Creek Agreement.
Fee rises targeted again to make up $40m PHA deficit
A Cabinet minister yesterday confirmed that the Princess Margaret Hospital (PMH) is still targeting fee increases to make up a $40m funding shortfall in time for the upcoming fiscal year.
Insurer shakes-off ‘three-year hangover’ on 22% claims fall
A Bahamian insurer has begun to shake-off its “three-year hangover” from Hurricane Matthew after 2018 claims came in 22 percent below its own projections.
IXP plan signals Bahamas ‘serious technology player’
The Bahamas will send the signal that it is “a really serious technology player” if it develops its own Internet Exchange Point (IXP), the head of its technology hub committee believes.
Bahamas failing to ‘leverage internet into innovation’
The Bahamas is “failing to leverage the internet’s full potential to drive entrepreneurship and business innovation”, industry regulators are asserting.
‘Dramatic brain drain’ hampers health policy
The “dramatic brain drain” in nursing has meant Bahamian healthcare’s human resources have not kept pace with public policy creation, a Cabinet minister is arguing.
