The Bahamas National Statistical Institute (BNSI) reported on Friday that the unemployment rate in The Bahamas stands at 8.8 percent. The latest Labour Force Survey was conducted in May, by the BNSI, the only official source for unemployment statistics in the country. The last time lower unemployment was recorded was in 2007. The latest unemployment
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Raising debate on the Arbitration (Amendment) Bill, 2023 and the International Commercial Arbitration Bill, 2023 in the Senate yesterday, Minister of Economic Affairs Michael Halkitis said the legislation is integral, as The Bahamas prepares itself to meet the increasing global demand for arbitration and trust dispute resolution. Data from international arbitration institutions shows a near ten
Minister of Financial Services, Trade and Industry and Immigration and Yamacraw MP Elsworth Johnson.
NASSAU, BAHAMAS Minister of Immigration Elsworth Johnson said the government has “taken a stand” on access to the fishing sector and while there are those who have criticized amendments to fisheries and immigration regulations as discriminatory, the Constitution allows the government to “legally discriminate”.
The Fisheries Act, 2020, which was passed in the Senate this week, prevents the foreign spouses of Bahamians from engaging in commercial fishing.
“This is not a matter of recent vintage,” Johnson told the media.
“The Constitution allows it. Persons can’t just come and decide they want to be an MP and you’re not a citizen or a senator or a police officer or any varied number of areas.