Global stocks recoup losses, dollar steady as eyes on Trump

By YOUKYUNG LEE, AP Business Writer SEOUL, South Korea (AP) — Stocks mostly rose Friday, recouping losses from earlier in the week, as the dollar steadied against other currencies. Investors are watching for President Donald Trump’s comments later in the day to the World Economic Forum in Davos, Switzerland. KEEPING SCORE: Britain’s FTSE 100 gained 0.4 […]

Energy conference opens at Baha Mar

By Kathryn Campbell NASSAU, The Bahamas – Diversification of fuels, a comprehensive regulatory framework, the introduction of renewable energy sources, a new generating plant and green island project are among the strides the Bahamas Government has made in the energy sector. The Hon. Desmond, Minister of Works, underscored that notwithstanding the country’s challenges it has […]

EPA ends clean air policy opposed by fossil fuel interests

By MICHAEL BIESECKER, Associated Press WASHINGTON (AP) — The Trump administration announced Thursday it is doing away with a decades-old air emissions policy opposed by fossil fuel companies, a move that environmental groups say will result in more pollution. The Environmental Protection Agency said it was withdrawing the “once-in always-in” policy under the Clean Air Act, […]

Guatemala arrests businessmen in tax corruption scheme

GUATEMALA CITY (AP) — Guatemalan prosecutors have announced the arrest of several business executives and former government officials implicated in a fraudulent tax-refund scandal. The special prosecutor against corruption says those arrested include a former top official of the country’s tax collection agency. Prosecutor Juan Francisco Sandoval alleged Thursday that the official charged commissions to […]

Losses for airlines, tech mostly offset other stock gains

By MARLEY JAY, AP Markets Writer NEW YORK (AP) — U.S. stocks spent a second day flipping between small gains and losses Thursday as investors again looked for hints about the Trump administration’s stance on international trade and the dollar. Major indexes ended the day mixed as airlines plunged while biotech drug makers climbed. Homebuilders fell […]

CARICOM marijuana commission submits status report

GEORGETOWN, Guyana — The Caribbean Community (CARICOM) heads of government’s mandate to investigate the issue of marijuana use in the Community has resulted in national consultations in nine countries of the Community, over the past two years. These countries are Antigua and Barbuda, Barbados, Belize, Bahamas, Guyana, Montserrat, St Kitts and Nevis, St Vincent and […]

DPM tables Travelers Currency Declaration (Amendment) Bill 2018 in the House of Assembly

By Llonella Gilbert NASSAU, Bahamas — Deputy Prime Minister and Minister of Finance the Hon. Peter K. Turnquest tabled the Travelers Currency Declaration (Amendment) Bill 2018 in the House of Assembly today. DPM Turnquest explained that the Amended Bill seeks to tackle several issues by stating clearly what travelers must declare to Customs officials in […]

RBC drastically downsizes Bahamian presence; implements voluntary separation programme

Royal Bank of Canada is making changes. The bank announced the consolidation of several of their branches throughout The Bahamas over the course of the first quarter of 2018 this evening. Affected branches include the following: Robinson Rd. store with Carmichael Rd. store, effective March 16th, 2018 JFK Drive store with Carmichael Rd. store, effective March 23rd, […]

AML Celebrates the Grand Opening of Solomon’s Yamacraw

Nassau, Bahamas, —  AML Foods Limited officially opened its newest retail outlet Solomon’s Yamacraw on Thursday. The 38,000 square-foot grocery store is located on Yamacraw Hill Road. AML invested a total of $14.5 million into the development. The Hon. Ellsworth Johnson, Minister of State for Legal Affairs and Member of Parliament for Yamacraw joined the company’s […]

Government to ‘respond aggressively’ to Ease of Doing Business Committee recommendations

By Matt Maura, Bahamas Information Services NASSAU, The Bahamas – The Government of The Bahamas will “respond aggressively” to recommendations made by the Ease of Doing Business Committee in an effort to address the global outlook on ease of doing business in The Bahamas. The ‘Ease of Doing Business’ Committee was appointed last year by Prime […]

Amazon narrows list to 20 for its second headquarters

By JOSEPH PISANI, AP Retail Writer NEW YORK (AP) — Amazon has narrowed its hunt for a second headquarters to 20 locations, concentrated among cities in the U.S. East and Midwest. Toronto made the list as well, keeping the company’s international options open. The online retailer said Thursday that after sorting through 238 proposals, the potential […]

Budgets Don’t Work: Here’s How Businesses Can Do It Differently

Written By Mark Rygelski: Chief Financial Officer at Good Luck group Budgets are traditionally woven into the fabric of most businesses. Everyone uses them. Banks require them. Employees expect them. They are treated as something revered and to be adhered to without question. But, in reality, budgets are terribly ineffective management tools. Dwight Eisenhower once […]