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Baha Mar 'unsure what caused' halt in benefit payouts
A senior Baha Mar executive was last night "unsure what caused" the delay in resort employees receiving their unemployment benefit but said the situation had been resolved at one of its properties.
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.
Bahamian insurers see high ratings confirmed
Two Bahamian insurance companies have seen their A (Excellent) financial strength rating reaffirmed by the industry's leading rating agency.
FamGuard payouts drop $3.7m on COVID fall-out
Family Guardian's chairman has attributed a $3.7m decline in policyholder payouts for the nine months to end-September 2020 to a fall-off in medical claims caused by COVID-19.
Newly-launched realtor says 'interest never more robust'
The principals of a newly-launched Bahamian real estate firm say "inquiries have never been more robust" as high-end clients seek socially-distanced getaways amid the COVID-19 pandemic.
FDI fear on latest S&P downgrade
An economist last night warned that investors will likely seek greater tax breaks and concessions as a result of The Bahamas' latest sovereign credit downgrade.
Cable pledges 'remedy' over Aliv $60m bond
Cable Bahamas' top executive yesterday said itself and the Government will "remedy any challenges" caused by non-compliance with covenants related to $60m in bonds issued on Aliv's behalf.
Arawak port predicts 20% profits plummet
New Providence's major commercial shipping port is projecting a near-20 percent year-over-year profit decline for its current financial year as COVID-19 depresses demand for cargo imports.
'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.
Industry urges Central Bank: Stay in your lane
Commercial bankers are urging the Central Bank to effectively stay in its lane and "not intervene in financial reporting matters" after the regulator's recent COVID-19 guidance release.
Doctors Hospital worker wins $30k for unfair sacking
A former Doctors Hospital employee has been awarded more than $30,000 after the BISX-listed healthcare provider was found to have unfairly terminated him following an industrial accident.
Don't criminalise Asues, urges Opposition deputy
The Opposition's deputy leader yesterday urged the Government to clarify whether new laws will criminalise the Asue savings schemes long popular among many Bahamians.
BTC's revenues drop over $21m
The Bahamas Telecommunications Company's (BTC) fell by more than $21m year-over-year for the nine months to end-September 2020 despite further slowing the erosion of its mobile customer base.
U.S. ELECTION: Trump wins Florida, locked in other tight races with Biden
WASHINGTON (AP) — President Donald Trump carried Florida, the nation's most prized battleground state, and he and Democrat Joe Biden were increasingly focused early Wednesday on the three Northern industrial states — Wisconsin, Michigan and Pennsylvania — that could prove crucial in determining who wins the White House.
Complete tourism rebound pushed back until 2023
Tourism's full rebound has been delayed until 2023, the Central Bank's governor predicted yesterday, as he conceded that The Bahamas' recovery from COVID-19 is "further behind than expected".
Port profits off 34% amid signs of grim retail Xmas
Nassau's major commercial shipping port yesterday revealed profits slumped by 34 percent during the three months to end-September as it detected further signs of a grim Christmas for retailers.
BPL burden increase via new $246m loan
Bahamas Power & Light (BPL) is facing an increased financial burden after being made responsible for servicing a $246m loan that paid out government guaranteed debt.
'Within the ball park': Gov't debt near $9bn
The Government's first quarter fiscal outturn was "within the ball park" of projections, the deputy prime minister said last night, as $692m in net borrowing drove its direct debt to almost $8.9bn.
MARATHON BAHAMAS 2021 GOES VIRTUAL
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