LPIA departures hit 10-year high
First quarter departure traffic from Lynden Pindling International Airport (LPIA) surged to its highest level for ten years, the Central Bank has revealed, adding to improving economic confidence.The regulator, in its assessment of economic developme
Contractors chief: Redo The Pointe deal if breached
The Government should renegotiate The Pointe deal if the developer has not met the $200m project’s prescribed ratio of Bahamian labour, the Contractors Association’s (BCA) president said yesterday.Speaking at the BCA’s monthly luncheon meeting, Leona
Bahamas 'racing' to protect its industries for WTO accession
The Government must enact policies to protect Bahamian businesses once this nation joins the World Trade Organisation (WTO), the Bahamian Contractors Association’s (BCA) president said yesterday.Acknowledging that the WTO “is not a bad thing”, Leona
Over-the-Hill revival is 'only 50% there'
The Minnis Government’s “Over-the-Hill” revitalisation initiative is “only 50 per cent there” despite being a “good idea”, the Bahamian Contractors Association’s (BCA) chief said yesterday.Leonard Sands said the proposed Economic Empowerment Zone (EE
Water Corp 'aggressively' targets $45m deadbeats
The Water & Sewerage Corporation is aiming to cover 100 per cent of its expenses by 2020, as it “aggressively” pursues deadbeat customers owing more than $45 million.
Gov't 'must do better' defending Bahamas
A former attorney general yesterday urged the Government to “do a better job” of safeguarding The Bahamas from “protectionist” attacks disguised as global regulatory initiatives.Alfred Sears QC, pictured, again demanded “full disclosure” of the Minni
Opposition urges fly fishing clarity
The Opposition’s leader yesterday urged the Government to clarify the “uncertainty” surrounding the flats fishing regulations, as the industry has “never been better” since their enactment.Philip Davis described the ongoing confusion over whether the
Water Corp: BTC-style privatisation ‘could work’
The Water & Sewerage Corporation’s chairman yesterday said he will suggest a BTC-style privatisation for the utility when he meets with the Prime Minister and other Cabinet members.
Mobile data usage up 30% pts in 2017
Mobile broadband penetration jumped by 30 percentage points inside one year, it was revealed yesterday, with four out of every five Bahamians using the product by year-end 2017.The Utilities Regulation and Competition Authority (URCA), unveiling its
Financial literacy 'critical protection' for consumers
Financial literacy is a “critical line of defence” for consumers, the Central Bank’s governor said yesterday, unveiling a partnership with the Clearing Banks Association (CBA) to educate Bahamians on debt management.Launching the campaign, John Rolle
Bahamians urged to'abandon materialism'
Bahamians are unable and unwilling to save because they have “too much debt”, a banker yesterday urging his countrymnen to become more disciplined and abandon the “materialistic approach”.Gregory Bethel, Fidelity Bank (Bahamas) president, argued that
Insurance industry attends FATF forum
The Bahamas Insurance Association (BIA) was represented at the recent Financial Action Task Force (FATF) Private Sector Consultative Forum (PSCF) dealing with financial crime.Emmanuel Komolafe, its chairman, attended the high level meeting from April
CCA slams 'implausible' $2.25bn Sarkis lawsuit
Baha Mar’s main contractor yesterday slammed Sarkis Izmirlian’s $2.25 billion fraud claim as “implausible”, branding his action as groundless and having no basis in law.China Construction America (CCA), in its long-awaited response to the fraud and “
Insurer: Profits goal beaten by 57% if no Irma
A Bahamian insurer yesterday said it would have beaten 2017 profit projections by 57 per cent had Hurricane Irma not inflicted a $2 million net loss on its Turks & Caicos portfolio.
'Draw the red lines' on WTO open up
The Bahamas Society of Engineers (BSE) president yesterday urged his colleagues and other industries “to draw the red lines” on what should be liberalised under WTO.Quentin Knowles told Tribune Business that all sectors of the Bahamian economy needed
