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Bahamas downgraded by Moody's
The scale of the economic and fiscal challenges facing the new Philip Davis-led administration were laid bare Friday, after Moody’s further downgraded the Bahamas’ sovereign creditworthiness.
Bahamas to exploit 34% growth in Georgia tourists
The deputy prime minister is aiming to exploit the 34 percent year-over-year growth in visitors from Georgia to promote The Bahamas as a tourism and film destination during his ministry’s upcoming Atlanta promotional mission.
Battle 4 Atlantis men: Tar Heels to face Wildcats In Semifinals today
THE 12th Battle 4 Atlantis men’s tournament got off to a hot start for the Villanova Wildcats and North Carolina Tar Heels yesterday at the Imperial Arena, Paradise Island.
Oil explorer fears its major $100m asset 'extinguished'
The Bahamas Petroleum Company (BPC) has warned that its "major $100m asset will be extinguished", thereby threatening its survival, if the Supreme Court halts its oil drilling activities.
Local experts take part alongside clinic director in webinar
LOCAL medical professionals will take part in a webinar this weekend alongside a senior official from Florida’s Cleveland Clinic.
Regulator warned 127 on financial crime compliance
Bahamian regulators issued warnings to 127 law and real estate firms over non-compliance with anti-financial crime mandates while giving this nation’s $306m-plus residential real estate sales a clean bill of health.
52 samples sent to be tested for new strains
HEALTH officials are still waiting to receive the test results of 52 positive COVID-19 samples which were sent abroad to determine if any of the new coronavirus strains are present in The Bahamas.
No. 4 Virginia, No. 25 Wisconsin top Battle 4 Atlantis field
PARADISE ISLAND, Bahamas (AP) — Virginia coach Tony Bennett knows his fourth-ranked Cavaliers have plenty of veteran talent back from a team that won the Atlantic Coast Conference championship and reached No. 1 nationally last year.
Inmates to start making licence plates in May
THE manufacturing of vehicle licence plates by inmates at the Bahamas Department of Correctional Services (BDCS) is likely to begin by the first week in May, Transport and Aviation Minister Glenys Hanna Martin announced yesterday.
BFS acquisition decision 'not delayed much longer'
PRIME Minister Perry Christie said yesterday that the Government’s decision on the potential acquisition of Bahamas Food Services (BFS) by the multi-billion dollar US distribution giant, Sysco, was one that “would not be delayed much longer”.
All registrants to pay VAT monthly
A top private sector executive yesterday questioned whether planned amendments to the Value-Added Tax (VAT) Act are due to concerns that non-monthly filers are spending the taxes they collect on the Government’s behalf.
Andros shipper ‘exceeds every financial projection’
An Andros shipping company, which in summer 2021 was hailed as the largest recipient of financing arranged through the Small Business Development Centre (SBDC), yesterday said it has “beaten every financial projection” since launching.
Govt rejects Moody’s deficit financing fears
A top Ministry of Finance official yesterday rejected an international rating agency’s concerns that the government may not be able to finance its massive borrowing needs for the 2021-2022 fiscal year.
Labour reforms get ‘far greater balance’
The private sector was able to achieve “far greater balance” on the labour law reforms passed by the Senate yesterday, the Chamber’s chairman saying “all parties” had accepted its cost-related concerns.
Govt 'fully draws down' $190m loan
The government has “fully drawn down” a $190m syndicated loan led by Royal Bank of Canada (RBC) that will finance post-Hurricane Dorian reconstruction, it was revealed yesterday.Marlon Johnson, the Ministry of Finance’s acting financial secretary, to
IMF calls for ‘tax spending budget’
The International Monetary Fund (IMF) has urged The Bahamas to develop an annual “tax expenditure budget” to better identify revenue leakages and assess the economic impact of its spending.
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.
Bad weather may ‘knock 10-15% off’ for marinas
The Association of Bahamas Marinas (ABM) president yesterday voiced fears that anticipated bad weather may “knock 10-15 percent off” visiting boater traffic this Thanksgiving holiday.
Cybots v Shockers all set
THE pennant winning Real Deal Shockers and the defending champions Mail Boat Cybots will now clash in a rematch of the Vince Ferguson divisional final in the New Providence Basketball Association’s postseason.
Federation all set to host the AGM of Caribbean Basketball Confederation
THE Bahamas Basketball Federation and its partners are all geared up to host the Annual General meeting of the Caribbean Basketball Confederation at the Atlantis resort on Paradise Island this weekend.
