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Call for an end to ‘bad habits, mismanagement’ of public funds
DEMOCRATIC National Alliance finance spokesperson Youri Kemp has taken issue with the current trajectory of the country’s economy, expressing doubt that current political and public administrative structures would allow for the necessary fiscal changes to be crafted and employed.
‘Bronze Boys’ shine
RIO de Janeiro, Brazil — They didn’t successfully defend their title from London, England, but the Bahamas still got on the podium in the men’s 4 x 400 metre relay on Saturday night as the athletic competition for the 2016 Olympic Games came to a close at the Olympic Stadium.
INSIGHT: Believing in Bahamians?
The Prime Minister will have to attempt to sell dreams in his Budget Communication this week in an effort to cover up his administration’s failings, Malcolm J Strachan says . . .
DNA: PLP mortgage relief plan needs more
The PLP’s proposed Mortgage Relief Programme Needs More!
Christie: Be careful on favouring cruise lines
FORMER Prime Minister Perry Christie said there should be a “New Providence experience” – and that “we have to exercise the greatest care” in being partial to a cruise line.
INSIGHT: How does our nation gain from these resort developments?
AS ANNOUNCEMENTS go, it couldn’t have come at a worse time for the developers – but perhaps not a better time for the nation.
Remittance tax would retain migrant benefits
Most of us will never be so vulnerable or desperate as to leave our birth country due to violence, crime and extreme poverty.
INSIGHT: Sir Ronald Sanders - Travel within the Caribbean in crisis
THE closure of LIAT in 2020, without establishing air transport to fill the vacuum, has led to chaos in regional transportation, gravely affecting the movement of people and goods throughout the Caribbean region.
INSIGHT: For better or worse, change is in the air
CHANGE is in the air, it seems. Perhaps it is the rest between sessions of Parliament. Perhaps it is the return of children to school. Perhaps that feeling of the changing of the seasons as summer moves to an end – but something is in the air.
Concherers repeat as champions
Second annual Bahamas Dragon Boat Racing
THE Dragon Concherers successfully defended their A divisional title in the second annual Bahamas Dragon Boat Racing competition in Goodman’s Bay yesterday and they are already talking about coming back next year for a three-peat.
IAN FERGUSON: Navigating challenges in family-owned businesses
Global research confirms that only 30 percent of all family-owned businesses survive into the second generation, while just 12 percent survive into a third. The Bahamian context is perhaps not too far from these statistics and, while we chalk most of this reality down to a lack of succession, there are any number of variables that contribute to this outcome.
INSIGHT: Rising cost of electricity hurts everyone
IN the vein of offering safety tips, let me offer these three pieces of advice to avoid an electric shock – never work around electricity when water is present, always shut off the power before working on live circuits and never, ever open your Bahamas Power and Light bill.
Egg-static: Price hikes phased in
Super Value’s principal yesterday gave struggling consumers some relief by revealing there will be no “sudden” rise in egg prices as the projected 60 percent increase will instead be phased-in between now and Christmas.
INSIGHT: High marks from a hero of the force
DESPITE the alarming incidents of murder and crime in the country, the officers of the Royal Bahamas Police Force are doing a “phenomenal job” – they are simply overwhelmed and need more support and resources, according to a former Assistant Commissioner.
Agreement for $100m sale of Grand Lucayan Resort
ELECTRA America Hospitality Group has made a $100M purchase offer for the Grand Lucayan Resort at Grand Bahama.
Minimum wage rise better than nothing
Considering the Government’s stated intention to increase the minimum wage from its present $210 to $250 per week, as per its general election manifesto, this article will explore what such a raise would mean for the economy, workers and employers.
DevCO slams concrete maker over ‘gross underperformance’
The Grand Bahama Development Company (DevCO) has accused a concrete manufacturer or “gross contractual underperformance” and asserted that it cannot continue to grant it an aggregate monopoly that excludes local rivals.
DPM hails 42% rise in FDI equity inflows
The deputy prime minister yesterday hailed a 42 percent year-over-year increase in foreign investors’ equity investments as confirmation that “The Bahamas’ economic turnaround has begun”.
Manufacturer: Duty removal puts ‘5% of gross’ back into firm
A well-known manufacturer yesterday said eliminating the 10 per cent duty rate levied on the sector would put the equivalent of “5 per cent of gross sales” back into his business, a sum that could mean the difference between survival and death for some firms.
Will Exuma be another Hatchet Bay?
“THE sharp falloff in resort tourism in the Bahamas has claimed one of its largest victims: The financially struggling Four Seasons Resort Great Exuma closed Tuesday after failing to stem the flow of red ink,” wrote Maura Sadovi as the Wall Street Journal on May 27, 2009, announced that the “tourist drought sinks Four Seasons in the Bahamas.”