SARKIS SCORES COURT VICTORY: Chinese told to answer $2.2bn fraud allegation
Baha Mar's original developer was yesterday celebrating a major legal victory after a New York court upheld his $2.25bn fraud and breach of contract claim against the project's contractor.
Tourism disruption fears mount on US shutdown
The tourism industry was yesterday “carefully monitoring” the US government shutdown’s impact on air travel amid growing fears it may threaten The Bahamas’ projected arrivals gains.
Govt ‘beating’ its business licence goal
A top Ministry of Finance official yesterday said the government is already “beating” its five-day business licence turnaround pledge amid “kudos” from the private sector for the improvement.
Ex-minister says BAMSI revamp ‘simply stupid’
An ex-Cabinet Minister yesterday slammed the government’s decision to revamp The Bahamas Agriculture and Marine Science Institute’s (BAMSI) business model by exiting retail as “simply stupid”.
‘Dire need’ for productivity rise
The Bahamas has a “dire need” for improved productivity given that its industrial output growth rate is half that of Barbados, a government “white paper” is arguing.
Bank chief slams ‘selfish’ education loan deadbeats
The Clearing Banks Association’s (CBA) president yesterday slammed the “selfish mentality” of delinquent student borrowers who have exposed Bahamian taxpayers to a $100m liability.
Valuing millennials in the workplace
Millennials now officially make up nearly 50 percent of the Bahamian workforce. They are who they are, and they bring with them the full range of their domestication. It is undeniable that millennials are valuable to the 21st century workforce.
Water supplier gives police trust donation
Consolidated Water (CWCO) Bahamas has made a donation to the Royal Bahamas Police Force Dependents’ Trust to help the school-age children of officers who died or were injured on duty.
‘WE’RE COMING FOR OUR MONEY’: $100m student loan debt forces hiring of collection agency
The Education Loan Authority's (ELA) delinquency recovery rate needs to increase seven-fold, a Cabinet Minister admitted yesterday, with Bahamian taxpayers "on the hook for $100m".
DPM praised for putting country before politics
The deputy prime minister was yesterday praised by a governance reformer for placing “saving the country” over political gain through the government’s economic restructuring plans.
Bilateral WTO deals alternative ‘impractical’
Bilateral trade agreements are an “impractical, cost prohibitive” alternative to full WTO membership for The Bahamas, a well-known attorney argued yesterday.
Bahamas ‘shooting in dark’ over WTO
The DNA’s deputy leader yesterday expressed fears that The Bahamas is “walking in the dark” towards WTO membership without the government “making the case” for joining.
‘Consensus’ reached over cruise port bids
The government’s evaluation committee has reached a “consensus” on the three Nassau cruise port bids and is ready to make their recommendation to Cabinet, the Minister of Tourism said yesterday.
Unemployment rate rise contradicts govt ‘gains’
The Chamber of Commerce’s chief executive yesterday said the increased unemployment rate contradicted the government’s recently-touted economic gains.
Morton Salt union ‘pushed’ into action
THE union representing line staff at Morton Salt yesterday said it has been “pushed” to take strike action after the company made no improvements to its purported counter-offer.
