Moody’s shrugs off early $400m deficit ‘slippage’
Moody’s shrugged off the Government’s $400m-plus deficit for the first seven months of 2024-2025 by asserting that the past two years’ reductions outweigh any “slippage” from the full 12-month target.
Group’s 400% profits jump proves going ‘lateral’ works
A Bahamian developer is urging tourism to adopt the “small lateral development” model that has enabled his resort group to “grow revenues and profits by 400 percent” over a ten-year period.
IMF: Mortgage payments double as wages stagnate
More Bahamians are struggling to afford their own home because wages have remained relatively stagnant while the average monthly mortgage payment has near-doubled since the 21st century started.
‘More clarity’ urged on US Chinese ship fee pullback
Bahamian businesses were yesterday anxiously awaiting “more clarity” after the top US trade negotiator promised the up to $1m per port call fee on Chinese-made ships will not be implemented as proposed.
DEREK SMITH JR: Strategies to eliminate the cyber risk mismatch
Cyber crime has evolved from just being a mere threat into a daily occurrence that requires immediate action. Despite this, many businesses in The Bahamas continue to rely on legacy governance, risk and compliance (GRC) systems that were not designed to handle today’s dynamic cyber security landscape. In contrast to real time risk intelligence and quick-moving threats, these systems were designed for annual audits, compliance checklists and static reporting.
Sebas’ electric auto dealer unveils latest partnership
A Bahamian electric vehicle dealership headed by Sebas Bastian is expanding its offerings through partnering with a Chinese automobile manufacturer.
Provider’s Bahamas expansion through Amber Trust purchase
A Guernsey-headquartered financial services provider is expanding into The Bahamas with the acquisition of Amber Trust.
From restaurant/bar to Airbnb over Trump’s tariff uncertainty
Family Island businesses are rapidly adjusting their business models and strategies to cope with the ongoing uncertainty surrounding US trade and tariff policies.
Jet skis body camera plan sparks questions
A Bahamian water sports operator has questioned how the proposed body cameras for tourists taking jet ski rides will work as it argued instead for greater enforcement of existing laws and regulations.
Bahamasair celebrates 40 years of Orlando service
Bahamasair last Thursday celebrated 40 years of service into Orlando with a special ceremony at Terminal B in the city’s international airport.
No change to 7m Nassau cruise visitors amid chaos
Nassau Cruise Port’s top executive yesterday said it has seen no reason to adjust projections of a near-one million increase in passenger arrivals to seven million in 2026 despite the current global economic turmoil.
Out Island hotels ‘like the wicket we are on’ via double-digit rises
Family Island hotels were yesterday said to “like the wicket we are on” with airline bookings through August up by double-digit percentages for many destinations despite the Trump-induced global economic turmoil.
Chamber chief’s fears on Govt’s Mining Bill ‘conflict’
The Andros Chamber of Commerce’s president yesterday voiced concerns over how the new mining law will impact Family Island communities given the seeming conflict of interest on the Government’s part.
Bahamian exporter’s tariff fears more import-focused
One Bahamian exporter yesterday said they are more concerned about the impact Donald Trump’s tariffs will have on the cost of imports to this nation as opposed to the 10 percent levy on their own US exports.
Bahamas ranks below ‘investment grade’ with third credit rating firm
The Bahamas has now failed to achieve ‘investment grade’ status with any of the three major credit rating agencies after Fitch yesterday assigned a ‘BB-’ long-term ranking to this nation.
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