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‘Greater resolve’ to eliminate Bahamas in financial services

A former prime minister yesterday warned that COVID-19 has “only strengthened the resolve” of major nations to eliminate the competitive threat posed by The Bahamas and other Caribbean countries.

‘Embrace call’ to pay for COVID-19 debt blow-out

The Central Bank’s governor yesterday argued Bahamians must “embrace the call” to pay for the country’s COVID debt blow-out, but hinted that new and/or increased taxes are unlikely to be imminent.

Banker: Gov't could have got 'better than 8%'

A prominent Bahamian banker yesterday argued that the Government could have obtained an interest rate "lower than 8 percent" on its $600m bond offering had it unveiled a debt management strategy.

COVID test to enter U.S. a good step

The latest fit of hypocrisy to take hold here is the protestations from some Bahamians at the fact that the US is finally taking steps to bring its intractable Covid crisis to heel.

Union seeking answers as CIBC sale collapses

A trade union leader is today hoping to today discover whether CIBC’s efforts to exit majority FirstCaribbean ownership have hit “the end of the road” following the collapse of a $797m deal.

Total visitor arrivals firm by 18.8 per cent in June

TOTAL visitor arrivals to The Bahamas firmed by 18.8 per cent in June, according to the Central Bank of the Bahamas.

Dorian likely to wipe out 2019 GDP growth

Hurricane Dorian’s “considerable hit to GDP” will likely cause the Bahamian economy to contract in 2019, a former finance minister saying: “We took a real beating squarely on the chin.”James Smith, who held the post during the 2002-2007 Christie admi

URCA proposes up to 90% cut in call terminate fees

Regulators are proposing up to 90 percent “interim” cuts to a selection of call termination charges levied by the major Bahamian communications carriers, it was revealed yesterday.

Gov't confirms set-off on unemployment benefits

The Government last night said furloughed workers still being paid part of their normal salary by employers will not receive the full weekly unemployment benefit in a bid to conserve "scarce resources".

Bahamian single women take brunt of COVID-19

Bahamian single women have born the brunt of COVID-19's economic devastation to lead the Caribbean on both job losses and "worsening diet", the Inter-American Development Bank (IDB) has revealed.

Bahamian student athletes take NCAA Division I spotlight

CHARLES Bain’s scoring output since last week’s senior night has been his best stretch of the season to highlight play from Bahamian student athletes in NCAA Division I basketball last weekend.

'More direct' intervention if no rebound by mid-21

The deputy prime minister yesterday indicated the Government will be forced to take "more direct" measures if tourism and foreign exchange inflows do not significantly rebound during the 2021 first half.

Doctors speak up on NHI changes

AS the enrollment phase of National Health Insurance (NHI) nears, senior doctors are still seeking answers to a long-held question: what about the healthcare system and culture in the Bahamas will truly change when NHI is introduced?

Pintard a candidate again as FNM unveils latest ratifications

THE FREE National Movement (FNM) announced the ratification of six more candidates for the upcoming general elections last night with leader Dr Hubert Minnis revealing that the full slate of 39 candidates will be announced at the end of the week.

Minister: GB needs a 'tourism identity'

GRAND Bahama must be given a signature tourism identity, a Cabinet Minister saying yesterday: “We cannot continue to proceed with stop gap measures.”Kwasi Thompson, minister of state for Grand Bahama, told the Senate that the Minnis administration wi

EDITORIAL: ECONOMIC REFORM AND WTO ACCESSION

The phrase “it’s the economy, stupid” has entered the US political lexicon. It was coined to encourage staffers in the Clinton presidential campaign in 1992 to concentrate on what was considered to be most important. The state of the economy is always a major issue in an election and our own poll last May was no exception, though other factors like corruption and poor governance were also significant.

Financial sector inspects ‘final’ tax reform draft

The Bahamian financial services industry is reviewing the “final draft report” on reforming this nation’s tax structure, as it bids to enhance the sector’s competitiveness by identifying new business possibilities.

University’s $18.3m bond ‘fully taken’ from first day

The University of the Bahamas’ (UOB) advisers yesterday predicted its $18.3 million bond issue will be fully subscribed on the first day, with Monday’s launch only awaiting the Minister of Finance’s sign-off.

‘Minnis bringing back the stop, cancel, review team’

ACCUSING Free National Movement Leader Dr Hubert Minnis of “public courting” of former Deputy Prime Minister Brent Symonette, Progressive Liberal Party Chairman Bradley Roberts yesterday claimed that Dr Minnis is attempting to reassemble his party’s “stop, cancel and review” team.

Nassau’s air arrivals off 16.5% in October

Visitor arrivals through Lynden Pindling International Airport (LPIA) were slightly ahead of last year for the first 10 months of 2016, despite a 16.5 per cent October drop-off due to Hurricane Matthew.

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