The injection of capital in the form of foreign direct investment, in the way we have welcomed it, may serve well as a last resort to boost economic activity, but as a long-term growth model it is worrisome.
Last week, Miller used his radio show platform to spout racist drivel, saying that the new gambling legislation will benefit “white” foreign investors against the fortunes of “black” Bahamians.
The onslaught of negative publicity towards foreigners generated by the Department of Immigration is not good for the Bahamian economy.
The Philippine government is asking authorities in the Bahamas to let Filipinos there keep their jobs for the time being amid a new labor policy transferring jobs held by foreigners to locals to ease unemployment.
According to recently published data from the latest census, almost 40,000 Haitians are living in The Bahamas, which is more than 60 percent of the total number of foreigners residing in the country.
People from both sides of the political divide were outraged last week when billionaire investor Phil Ruffin made a public comment about politics in The Bahamas, telling a reporter he was a “Perry man”.
Justice Indra Hariprashad-Charles announced Monday during a High Court session in St Lucia that she will be leaving her post to join the Supreme Court of The Bahamas.
To the dismay of local fashion designers, a foreigner was chosen to features his fashion collection at this year’s Red Rose Ball.