GB insight sought on Productivity Council
The Grand Bahama private sector’s input on the creation of a National Productivity Council will be sought at a May 16 luncheon meeting.
PMH earns just $200,000 from 60k emergency visits
THE Princess Margaret Hospital (PMH) collects less than $200,000 a year from the 60,000 emergency room patients it treats, a Cabinet minister revealing: “We pay more in salaries for staff to collect that money”.
Small hotels ‘fusing’ with vacation rentals
Small Bahamian hotels will likely have to “fuse” vacation rental homes into their business model, a Bahamian realtor is arguing, with the latter sector poised to become the market leader.
$25m initiative to reverse 85% small firm credit rejection
A $25m Inter-American Development Bank (IDB) loan is aiming to reverse an 85 percent rejection rate on small business financing applications, it was revealed yesterday.
Taylor Industries insolvent by $1m
Taylor Industries is insolvent by $1m after racking up a combined $1.856m in losses during the four-and-a-half years prior to its January 8 closure, it has been revealed.
Central Bank eyes ‘less interference’ on property deals
THE Central Bank’s governor yesterday said he is aiming to reduce “exchange control interference” with the approvals process for real estate deals involving foreign investors.
Chamber chief: Politics retarding GDP growth
POLITICAL “polarisation” has contributed to the stagnation of Bahamian economic growth, the Chamber of Commerce’s chief executive yesterday saying: “Look where it’s gotten us.”
Governor calls for ‘more aggression’ over loan arrears
The Central Bank is pushing the banking sector to “speed up” resolving its remaining $742m loan arrears so that it can better fuel economic growth, its governor said yesterday.
URCA releases Internet Exchange oversight regime
Regulators yesterday moved to create the supervisory framework for Bahamas-based Internet Exchange Points (IXPs) in a bid to lower local access costs.
Governor: ‘Little joy’ in growth forecasts
The Central Bank’s governor yesterday said there was “not much joy” in The Bahamas’ medium-term growth projections, and called for more focus on “improving” the country’s GDP potential.
NAD and Lucayan deals drop reserves to $1.4bn
The Bahamas’ foreign currency reserves fell to $1.4bn at end-March 2019 due, in part, to the Grand Lucayan purchase and Nassau Airport Development Company (NAD) refinancing.
IAN FERGUSON: How to improve staff literacy and numeracy
When we speak of workplace literacy, we are referring to the mix of skills employees need to complete everyday tasks at work. Employees need these skills to communicate with customers, understand health and safety information, keep accurate records, follow production schedules and many other vital tasks and assignments.
BTC touts doubling of internet speeds
The Bahamas Telecommunications Company (BTC) says it has doubled Internet speeds for all customers on its newly-extended Fibre to the Home (FTTH) residential network infrastructure.
Mid-May launch for $100m tax offensive
The Ministry of Finance’s top official yesterday said its Revenue Enhancement Unit (REU) could reclaim up to $100m per annum from tax dodgers once it begins operations in mid-May.
Evasion loopholes hitting VAT target, fears ex-minister
A former finance minister yesterday urged the government to examine whether the VAT shortfall had resulted from the introduction of exemptions opening up fraud and tax evasion loopholes.
