Saturday, July 23, 2016

Business



Central Bank denies plans to devalue local currency

Jul. 22, 2016, 3:0 PM AST Comments

NASSAU, Bahamas, Jul 22, CMC – The Central Bank of the Bahamas (CBB) has denied reports of a possible devaluation of the local currency insisting there 'are also no existing or emerging pressures that would precipitate the forced abandonment of the fixed exchange rate regime”.

‘Public sector reform will not happen overnight’ *

Jul. 21, 2016, 8:17 PM AST Comments

By Leah Sorias—Reform of the public sector, particularly in the area of financial reporting and accounting, will not happen overnight but the right steps are being taken to make it happen, head of the Public Service Sandra Jones has said.



Roger Ailes out as head of Fox News, Fox Business

Jul. 21, 2016, 4:40 PM AST Comments

NEW YORK (AP) — Roger Ailes is out as chief executive at Fox News Channel and Fox Business, his career at the networks he built from scratch and ran with an iron hand for nearly 20 years over with stunning swiftness following allegations that he forced out a former anchor after she spurned his


For the needy not the greedy

Jul. 18, 2016, 11:36 PM AST Comments

LAST week, at the sod-turning ceremony for a new Government housing project that bears the foreboding name “River-Runs-Through”, Prime Minister Dr Keith Rowley spoke of new approaches to providing housing for citizens who cannot afford to buy or rent houses on the open market.


HSF value should rise on Brexit*

Jul. 18, 2016, 11:35 PM AST Comments

Britain’s planned exit from the European Union (Brexit) should have already boosted the value of the Heritage and Stabilisation Fund (HSF), financial market experts said in interviews July 15.


The call it Quikpikup*

Jul. 18, 2016, 11:33 PM AST Comments

TRINIDAD-born Florida resident Wayne Bolai plans to launch a free, easy-to-use app for Apple iPhones and Android devices that he’s hoping will transform the call-a-taxi experience for Trinidadians.


Who knows what’s down there?*

Jul. 18, 2016, 11:31 PM AST Comments

IT’S around this time that the Ministry of Energy and Energy Industries (MEEI) usually publicises the annual audit of the country’s Non-Associated Natural Gas Reserves. This audit has been conducted by the US’s Ryder Scott Co for the last five years and 2015 was the last year under


Better in The Bahamas*

Jul. 18, 2016, 11:30 PM AST Comments

I have long held, and have irrefutable proof, that the dog which licks the boots that kick it will inevitably bite the hand that feeds it. In Sociology it is one of the features of “Authoritarian” personalities.