Ex-minister: Foreign investment 'as often as we can get it'
GRAND Bahama needs an influx of foreign investors and international residents to generate economic prosperity, a former Cabinet Minister has argued.Zhivargo Laing, former minister of state for finance under the last Ingraham administration, told the
'Wake up, smell roses' over sanctions threat
The Attorney General yesterday warned the Bahamas to “wake up and smell the roses” over the threat of financial sanctions unless it corrects regulatory weaknesses.Carl Bethel QC told Tribune Business that this nation has until June to satisfy interna
Gov't needs 'high gear' to reverse corruption slide
THE Government was yesterday urged to “go into high gear” and deliver on its anti-corruption promises, after the Bahamas fell it its “lowest spot” in Transparency International’s rankings.Lemarque Campbell, of Citizens for a Better Bahamas, the local
DPM urges: Focus on Oban's benefits
THE Deputy Prime Minister yesterday urged Grand Bahama to look beyond the controversy and focus on the $5.5 billion Oban Energies project’s benefits, saying: “There’s more to the story than what you see.”K Peter Turnquest, addressing the 20th annual
Let Oban project move 'without sailing through'
THE Government should let Oban Energies’ $5.5 billion project proceed “without sailing through”, balancing job creation and growth with its chief promoter’s controversial background.Craig A. ‘Tony’ Gomez, the Baker Tilly Gomez accountant and partner,
Enterprises Act gives 'early success signs'
THE Commercial Enterprises Act is already showing “early signs” of success with the Government giving “favourable consideration” to two applications, it was revealed yesterday.K Peter Turnquest, Deputy Prime Minister, speaking at the 20th Grand Baham
LETTER: A 'Cable' to investors: Be Aliv to possible risk
IN March 2017, Aliv raised an astonishing $60 million from investors - twice the amount they were looking for. That they require more money now, less than a year later, suggests that something has gone badly wrong.This sudden need for funds has likel
Bahamas urged: Target H-1B visa for tech boost
THE Bahamas may need to implement an initiative similar to the US H-1B Visa programme if Grand Bahama is to fulfill its ‘technology hub’ dream, it was argued yesterday.The US initiative facilitates the hiring of specialist foreign workers and entry o
Attorney: Tie education to industry development
A GRAND Bahama-based attorney yesterday suggested that “industry-targeted” education programmes be established ‘in tandem’ with the island’s development of local industries.Erica Paine, head of Graham Thompson’s Grand Bahama office, while addressing
Managing the cycle of worker progress
MANY leaders and managers agree that the most effective way to increase productivity and efficiency is to ensure performance management instruments are being used effectively in their companies. At its most basic, performance management is an ongoing
Stop 'looking in mirror' on fiscal blame game
The Government was yesterday urged to “get past looking in the mirror”, as it again blamed the Christie administration’s “overhang” for exceeding the prior year’s fixed-cost spending.Gowon Bowe, the Bahamas Institute of Chartered Accountants (BICA) p
Lawsuit threat to $5.5bn oil refinery
THE $5.5 billion Oban Energies oil refinery project was last night threatened with legal action, with the controversy involving its principals described as a “wake-up call” for the Prime Minister.Fred Smith QC, the Freeport-based attorney, told Tribu
50% capital spend cut drives $92m deficit fall
THE Government’s struggles with its fixed costs resulted in a half-year deficit equivalent to 61 per cent of the full-year target, forcing it to cut capital outlays by 50 per cent to restrain spending.K P Turnquest, deputy prime minister, in unveilin
Gov't mulls pre-election hire and spending freeze
THE Government is mulling the imposition of a deficit ‘ceiling’ and ‘cap’ on recurrent spending growth, the Deputy Prime Minister revealed yesterday.K Peter Turnquest said temporary hiring freezes, together with limits on capital projects above a cer
Central Bank teams with BIA on Internet processing portal
THE Central Bank is working with the Bahamas Investment Authority (BIA) to create a single electronic Internet portal for foreign investment processing, the Central Bank’s Governor said yesterday. “We are also liaising with the Bahamas Investment Aut
