ArawakX urges greater emphasis on FPI to supplement foreign direct investment

NASSAU, BAHAMAS — ArawakX executives say that more emphasis needs to be placed on foreign portfolio investment (FPI) which allows foreigners to invest in local companies. ArawakX executives say this could supplement foreign direct investment (FDI) and directly add to this nation’s foreign reserves.  With the change in the investment landscape in the United States […]

REGIONAL THREAT: PM calls for Haitian-led solutions amid uptick in ‘dangerous’ migration

NASSAU, BAHAMAS — Prime Minister Philip Davis yesterday warned regional leaders the crisis in Haiti poses substantial threats to The Bahamas and neighboring countries due to the significant increase in “irregular and often dangerous” migration. Davis made the remarks during his intervention at the opening session of the Heads of Summit meeting of the Community […]

Entrepreneur demands answers over status of RCL’s Paradise Island project

NASSAU, BAHAMAS — A Bahamian entrepreneur yesterday urged Royal Caribbean to publicly indicate whether they have scaled back on their plans for a multi-billion beach club project on Paradise Island. Toby Smith, principal of Paradise Island Lighthouse & Beach Club company, expressed optimism over a positive resolution to his long-running battle regarding his Crown land […]

Former minister calls for aggressive action on immigration issue

NASSAU, BAHAMAS —A former Immigration minister yesterday called for aggressive action to deal with the country’s long-standing immigration issues that he contends have gotten progressively worse. Branville McCartney, a former State Minister for Immigration and former Democratic National Alliance (DNA) leader said: “This is an issue that has been around a long time but it […]