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‘Polish what we have before tourists return’
A prominent realtor yesterday voiced optimism that real estate sales could increase by 50 percent this year as he urged Bahamians to “polish what we have” before the tourism market rebounds.
Insurer challenge to IMF’s proposal
A top insurer yesterday challenged how The Bahamas could enforce the IMF’s “mandatory property insurance” proposal when it is currently failing to do this with existing laws.
Accountants brace for surge in insolvencies
Bahamian accountants are bracing for “an uptick” in corporate insolvency work during the 2021 second half with companies already moving to restructure as hopes for a quick economic rebound fade.
Central Bank raises growth forecast to 'flat'
The Bahamas’ 2020 economic growth prospects have improved to “flat”, it was revealed yesterday, with the Central Bank less certain that this nation will suffer a minor contraction. John Rolle, its governor, said it “doesn’t want to be wedded to a nu
'Don't become paralysed' by financial sector attrition
The Bahamas “must not become paralysed” by continuing financial services industry attrition, an ex-attorney general warned yesterday, urging to it instead rapidly “re-engineer” the sector. Alfred Sears QC, pictured, acknowledged to Tribune Business
Minister blames Baha Mar over benefits delay
A Cabinet minister last night blamed Baha Mar for the hold-up that has resulted in hundreds of its furloughed employees not receiving due unemployment benefits for up to four weeks.
'Stop relying on good US fortune', top banker urges
The Bahamas must "stop relying on its good fortune" and US proximity to reverse its downgrade spiral and recover its economy from COVID-19's clutches, a top banker has warned.
Jordan relaxes in Bahamas before the big game
HIGHLY acclaimed linebacker Jordan Strachan took some time to relax in the Bahamas before he returned to Georgia State University for their big college bowl football game this weekend.
Policyholders in 'huge effort' to keep insurance coverage
A major Bahamian insurer yesterday credited the "Dorian effect" for sparking "a huge effort" by companies and individuals to maintain coverage despite COVID-19's devastating financial impact.
Aliv in ‘phenomenal position’ financially
The Bahamas’ new mobile operator is in “a phenomenal position” financially, having secured $186 million in start-up funding prior to this week’s planned capital raising.
BTC: Aliv taking ‘Liberty’ on name
The Bahamas Telecommunications Company (BTC) is demanding that its new mobile rival stop using its controlling shareholder’s name to brand one of its product suites, setting the stage for a bruising trademark lawsuit.
Civil Aviation Authority to clamp down on Illegal charters
FOLLOWING the fatal plane crash off Andros last month, the Bahamas Civil Aviation Authority is pledging an unprecedented effort to clamp down on illegal charter operations by embracing technology, involving law enforcement and increasing surveillance
WORLD VIEW: No winners in secession – in Europe or the Caribbean
SHOULD areas of countries break away and govern themselves as they see fit? That’s a question that has been debated in several parts of the world, and is in focus now between Catalonia and Spain; Scotland and the United Kingdom, and to a lesser extent Barbuda and Antigua.
Realtor’s ‘staggering’ Q1 sales volume rise
A leading realtor yesterday revealed his firm had seen a “staggering” year-over-year increase in 2017 first quarter sales volumes, with the new government’s election provided “a great opportunity” to further grow the Bahamian market.
MAB chief: Don’t repeat NHI ‘ram down our throats’
The Medical Association of the Bahamas (MAB) president yesterday urged the new government to be “more honest and open” over healthcare reform than its predecessor, which he accused of “ramming NHI down our throats”.
Treated as ‘gangsters, crooks’ on VAT errors
An FNM candidate yesterday pledged he would make it his “life’s job” to slash the bureaucracy facing the private sector if elected, as he slammed the Government’s “unforgiving” approach to even minor VAT errors.
CWC ‘backdoor’ was ‘red flag’ for BTC privatisation
Cable & Wireless Communications (CWC) “backdoor” entrance should have been “a red flag” to the Ingraham administration that the Bahamas Telecommunications Company’s (BTC) 2011 privatisation was ill-timed, a well-known businessman said yesterday.
IMF: 65% bank asset fall’s ‘modest’ impact
THE international financial services industry’s “sharp contraction”, with total bank assets shrinking 65 per cent in the five years to 2016, has only “modestly” impacted the Bahamian economy.
Oil explorer targeting 'window of opportunity'
An oil explorer is aiming to seize “the current window of opportunity” to drill its first Bahamas well after five years of regulatory and oil price-related delays “abated”.Simon Potter, Bahamas Petroleum Company’s (BPC) chief executive, told sharehol
Bahamas' disaster costs face 28% cut
The Bahamas will cut its disaster recovery costs by 28 per cent it takes out its $100 million ‘contingent loan’ facility, the Inter-American Development Bank (IDB) is asserting.The IDB, in its proposal for the emergency financing, argued that its fac
