IDB outlines The Bahamas’ deficiencies in various sectors

NASSAU, BAHAMAS – The Inter-American Development Bank’s (IDB) Latin American and Caribbean Macroeconomic Report 2019 points to range of deficiencies in The Bahamas’ utilities, road networks, technology, aviation and maritime sectors, while encouraging the use of public private partnerships to realize urgent upgrades. According to the report, while the systems and network of roads within […]

NTC chairman: Higher minimum wage must come with increased productivity

NASSAU, BAHAMAS – There is a possibility that the minimum wage, which is a mere $210, can increase according to National Tripartite Council (NTC) Chairman Robert Farquharson. In keeping with the government’s mandate to transform the industrial relations environment of the nation, the NTC, along with other industry partners on Thursday launched a public relations […]

GB Port Authority investigates fast food power theft allegations

NASSAU, BAHAMAS – The Grand Bahama Port Authority (GBPA), the regulators of Grand Bahama Power, has launched an independent investigation into the ongoing allegations of power theft involving several fast food franchises and the energy-saving devices that were installed at these restaurants by a GPBA licensee. “The Grand Bahama Port Authority limited wishes to advise […]

Thompson: Govt. monitoring GB fast food chain power disconnection

Says parties involved were encouraged to engage in dialogue   NASSAU, BAHAMAS – The government is closely monitoring and is very concerned about the allegations of electricity theft levied against certain fast food operators in Grand Bahama, said Minister of State for Grand Bahama Kwasi Thompson on Tuesday. Speaking to Eyewitness News Online, Thompson said […]

GB Cooper family refutes power theft allegations

Says restaurants were using an “energy-saving” device   FREEPORT, GRAND BAHAMA – The Cooper family, the owners of Burger King, Kentucky Fried Chicken and the Pollo Tropical franchise in Freeport, Grand Bahama, on Sunday vehemently denied that any of their businesses are stealing generation from Grand Bahama Power. “The Cooper family is deeply saddened by […]

PDC Chairman: Some Senators, MP’s have failed to disclose assets

NASSAU, BAHAMAS –  Myles Laroda, Chairman of the Public Disclosure Commission(PDC) confirmed on Thursday that some parliamentarians did not disclose their assets before the March 1 deadline. In a telephone interview with Eyewitness News, Laroda said following a meeting held yesterday, he has since written a letter to prime minister Dr. Hubert Minnis as well […]

The Bahamas avoids EU’s blacklist

Ministry of Finance: Blacklist avoidance sends a “strong signal”   NASSAU, BAHAMAS – The Bahamas was not included on the European Union’s updated list of non-cooperative jurisdictions for tax purposes, which was published yesterday. In a statement, the Ministry of Finance said the decision reflected the government’s efforts to “safeguard the global competitiveness of the […]

Govt.: Disney HOA to be tabled March 20

NASSAU, BAHAMAS – After being slammed by the Opposition and environmentalists for not allowing the media to attend last week’s Heads of Agreement signing for Disney’s proposed development at Lighthouse Point in  Bannerman Town, South Eleuthera, the government announced last night that in the interest of transparency and accountability, the Heads of Agreement will be […]

Grand Lucayan managers reject VSEP offer

NASSAU, BAHAMAS – Managers of the now state-owned Grand Lucayan Resort have rejected the voluntary separation packages (VSEP) offer from Lucayan Renewal Holding, the special purpose vehicle created to represent the government in the sale of the property. The matter was heard before the Industrial Tribunal in Grand Bahama on Monday, and according to Trade […]

$9 million available for Family Island small, medium-sized businesses

Grants allocated at $20,000   NASSAU, BAHAMAS – Prime Minister Dr. Hubert Minnis said that in this fiscal period the government in conjunction with the private sector has made available $9 million for the development, financing and expansion of small and medium-sized businesses, with grants available of up to $20,000 to entrepreneurs on the Family […]

Bahamas Taxicab Union launches partnership with Global Ports Holding

NASSAU, BAHAMAS – Having been selected as the preferred bidder for the redevelopment of Nassau’s cruise port, Global Port Holdings first order of business was to formally meet with Executives of the Bahamas Taxi Cab Union (BTCU),  the Prince George Wharf Taxi Association  and the Downtown Nassau Partnership in regards to the redevelopment of Prince […]