Archive | January, 2019

SHIFT IN GOV’T’S HOUSING POLICY

Minister of Housing, Ramould Ferreira  yesterday announced  a shift in the government’s housing policy.  For the first time, homeowners will be able to construct a spilt level single family home in a government subdivision. The affordable housing initiative also now calls for homeowners to be energy efficient. “As a result, each homeowner is expected to […]

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High Default Rate In Education Loans

An audit into the Education Loan Authority, found that in June 2017, the authority’s loans receivable, net provision of $16,336,710 amounted to $60,507,578 of which $51,384,289 was over 90 days in arrears. The report revealed that the authority was unable to obtain the necessary historical default rates in its loans receivable portfolio. It also found that […]

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CHIPMAN RESIGNS FROM PUBLIC ACCOUNTS COMMITTEE

The Free National Movement  Member of Parliament for Centreville, Reece Chipman yesterday served notice in the House  of Assembly of his decision to resign as a member of the powerful Public Accounts Committee. In a letter to the Speaker of the House of Assembly Mr. Chipman said, “In light of the absence of a House […]

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Safety -Net For Gaming Addicts

Bahamas Gaming Operators Association (BGOA) Chief Executive Officer, Gershan  Major, told Rotarians yesterday  of efforts  to ensure that  there is  a safety net in place to protect those most vulnerable engaging in gaming.  “We have today, over 200 persons on a self-exclusion list,” he said.  “Those individuals  are some of who excluded themselves, some of […]

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AGREEMENT IN PRINCIPLE FOR GRAND LUCAYAN STAFF

Bahamas Hotel and Managerial Union and the management of the Grand Lucayan Resort, Lucayan Renewal Holdings Ltd., are still meeting and talking things over when it comes to Voluntary Separation Packages (VSEP’s) for the line staff at the resort in Grand Bahama.  Minister of Labour, Senator Dion Foulkes, confirmed with reporters just before the weekly […]

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CORRECTING THE ECONOMY

 Tourism Minister Dionsio D’Aguilar  says, “ since the  coming to office of the Free National Movement government in May 2017,   some 10,000  jobs  have been created.  He said the Tourism sector  saw an upswing in employment between May and November 2018. Referring to the Labour report released on Monday,  Mr. D’Aguilar said, “ most […]

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Tourism Ministry Must Avoid Another Fyre Fiasco

People are talking, that’s the one thing that has come out of the fiasco called The Fyre Festival – a high end luxury concert set for the Exumas in Spring 2017 that failed miserably, according to Minister of Tourism Dioniso D’Aguilar. Speaking  with reporters outside Tuesday’s weekly cabinet meeting,   he said yes, the situation […]

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ON-SITE HOTEL FOR LPIA

The Nassau Airport Developement Company’s (NAD) is moving ahead with plans for and on-site hotel at the Lynden Pindling International Airport.  NAD has issued a request for proposals outlining submission guidelines to prospective proponents. According to NAD, the successful proponent will design, finance, construct and operate a three star or more hotel that should meet […]

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PLP SENATOR TELL GOV’T “REVERSE COURSE”

Former Cabinet Minister Fred Mitchell  says the  latest labour statistics  are “indicative of the fact that unemployment in the Bahamas  is worse”.  Things, he said, are moving in the wrong direction, and this despite the signs and warnings the government continues to double down in what he called its “depressing menu of stop, review, cancel […]

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Eleuthera Resident arraigned on ammunition charges

A young Bahamian, Mario Deveaux, yesterday afternoon stood before Magistrate, Ambrose Armbrister on a litany of ammunition charges. Deveaux, who was arrested in Rock Sound Eleuthera, was charged on one count each of possession of a prohibited weapon, possession of ammunition, possession of ammunition with the intent to supply and possession of a component part […]

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