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'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.
Jamaican firm takes 60% of food distributor
A publicly-traded Jamaican firm is "realising remarkable growth" upon entering the Bahamian food distribution market via its acquisition of a 60 percent majority stake in a local wholesaler.
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
THE health, well-being and safety of our participants, sponsors, volunteers and staff have always been our top priority and remains so in these globally challenging circumstances surrounding COVID-19.
BBF gets funding, appeals for use of sporting facilities
The Bahamas Basketball Federation received its first funding to secure travel to the FIBA AmeriCup 2022 Qualifiers but federation president Mario Bowleg said the efforts may be hollow if the team is unable to adequately prepare for competition.
DPM: Bond attacks 'pie in sky thinking'
The deputy prime minister yesterday slammed arguments that The Bahamas' $600m bond issue was over-priced as "pie in the sky thinking" while revealing $133m in debt repayments have been delayed.
Stop 'dictating' FDI direction, banker warns
The Bahamas must be more willing to open up to foreign direct investment (FDI) in non-traditional areas to have any hope of paying-off rising US dollar debt, a top investment banker is arguing.
Mining project pledges 100% local ownership
North Andros residents and individual Bahamian investors will own 100 percent of the company that will hold some 5,200 acres targeted for an aggregate mining project, it was revealed yesterday.
BPL fuel hedge hits 30% savings target
A Cabinet minister says many consumers may not appreciate that Bahamas Power & Light's (BPL) fuel hedging strategy has already produced 30 percent savings on their total energy bill year-over-year.
Minister: Water Corp cut-offs 'won't happen'
A Cabinet minister yesterday pledged that the Water & Sewerage Corporation will not be allowed to restart delinquent residential customer disconnections, saying: "That ain't going to happen."
Central Bank 'stretch' on borrower leniency
The Central Bank was yesterday said to have given commercial banks "a stretch" by urging them to be lenient with borrowers who show signs they may be able to resume repayments in 2021.
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.
