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Local broker’s Grand Lucayan role is ‘exactly what we want’
A Bahamian realtor yesterday hailed the involvement of a local broker in facilitating the Grand Lucayan’s sale as “exactly what we want”.
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Battle of the videostar
ActivTrades
FACEBOOK’S parent company, Meta (FB), has not had a bad year. Not every company can claim to have increased its sales by 37 percent in one year. The social networks, Facebook and Instagram, as well as the messenger, Whatsapp, generated almost $118bn following $86bn in the previous year. A good $29bn of that remains as profit.
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Domestic Gov’t bond just 25% subscribed
Concerns were raised last night over investor appetite for the Government’s debt after just 25 percent of a recent $47.326m bond issue was picked up by the market.
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Personal income tax
Great attorney Andrew Allen has responded to my response to his original proposal for increased Company Tax and new Personal Income Tax...he seems hell bent and strong that this is the better fiscal and financial policy approach... hang in, Mr Allen.
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Ayton back to work
Phoenix Suns centre Deandre Ayton returned to the starting lineup for the first time since January 16 and the NBA’s No.1 overall seed continued its win streak.
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External reserves to end 2022 ‘not far from’ $2bn
The Central Bank’s governor yesterday predicted that The Bahamas’ external reserves will end 2022 “not far off $2bn” and ensure the US dollar exchange rate peg faces “no undue pressure”.
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Bank governor eases 2022 growth forecast
The Central Bank’s governor yesterday moderated his 2022 economic growth projection to “over 5 percent” with the tourism industry not returning to pre-COVID levels in the year’s first half.
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Employment won’t return to pre-Dorian levels until 2025
Bahamian employment will not fully recover to pre-COVID and Dorian levels until 2025, marking a six-year stretch where the economy has endured elevated jobless numbers.
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Hotel chief backs ‘diversity’ from Emirates tourism deal
The Bahamas Hotel and Tourism Association (BHTA) president says “diversity is important” after this nation signed an agreement with Emirates Group to promote its largest industry.
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Gov’t predicts national debt’s peak at $11.2bn
The Bahamas’ national debt is forecast to peak at $11.2bn in the 2023-2024 fiscal year, it was revealed last night, and return to the legally-required 50 percent of GDP threshold by the next decade.
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Deltec creates ‘one of largest banks’ with Ansbacher deal
Deltec Bank & Trust last night said it will become “one of the largest international private banks in The Bahamas” with its acquisition of rival institution Ansbacher (Bahamas).
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Softball fields being refurbished
WITH the new baseball stadium now projected to be completed by the end of the year, the Ministry of Youth, Sports and Culture is partnering with a number of local companies to renovate the softball fields at the Baillou Hills Sporting Complex free of charge.
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$50m target for RF private equity fund
A Bahamian investment bank yesterday revealed it is launching a private equity fund that aims to raise up to $50m over the next three-five years for “investments in possibilities” post-COVID.
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Restoring fiscal health, investing in our future
In 2022, the Davis administration is laser-focused on moving The Bahamas beyond recovery into a period of robust, broad-based economic growth. This means building an economy that widens the circle of opportunity and lifts all Bahamians - not just a few.
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Supply chain woe ‘highly challenging’ for brewery
Commonwealth Brewery’s top executive yesterday said supply chain woes had made trade “highly challenging” for some of its imported brands with such issues set to persist in 2022.
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Make the next act the best
HAVING celebrated a bountiful 2019 with unprecedented record-breaking tourist arrivals. We reaped the benefit of its harvest for the first two months of 2020.
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Inflation to wipe VAT cut savings
Rising inflationary pressures could wipe out any consumer savings generated by the VAT rate being cut to 10 percent, a supermarket executive warned yesterday.
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Deandre Ayton clears COVID-19 protocols
DEANDRE Ayton recently cleared COVID-19 protocols but while fans are still waiting for his return to the court, the Phoenix Suns centre appeared on the leaderboard for a spot in the NBA All-Star game.
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Super Value’s solar roll-out eyes 60% energy bill slash
Super Value’s principal yesterday revealed the supermarket chain is aiming to slash its energy bill by “60 percent or better” through installing solar power at all its stores by summer 2022.
