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Oil explorer extends fund offer by 3 days
“Sophisticated” Bahamian investors will have an extra three days to buy into the £2m mutual fund created to allow them to participate in local oil exploration activities. The offering period for the Bahamas Petroleum Company (BPC) sponsored fund will
BTC suffers further 4% mobile subscriber drop
THE Bahamas Telecommunications Company (BTC) suffered a further 4 percent mobile subscriber erosion in the 2019 fourth quarter, it was revealed last night, while struggling to penetrate other market segments. Liberty Latin America (LiLAC), the Baham
Sydney Clarke falls short of winning singles title
SYDNEY Clarke ended her International Tennis Federation Summer Tour falling short of winning her first singles title and another doubles crown.
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.
Hurricane Hole development to help mega yacht ambitions
The Prime Minister has praised the $250m Hurricane Hole development for helping The Bahamas realise its potential as "the number one mega yacht destination in the world".
National debt reaches $8.24bn
The Ministry of Finance has revealed that the national debt has ballooned to $8.24bn for the fiscal year 2019/2020 in its fourth quarter fiscal snapshot. This places government debt at 68.4 percent of GDP, up from $7.527bn in fiscal year 2018/2019.
ActivTrades: The great markets melt-up
The financial markets have been the outstanding performers during the pandemic, seemingly benefiting from conditions that otherwise brought entire sectors of the economy to their knees.
30 held in US-backed raids
POLICE arrested about 30 people during an early morning operation in southwest New Providence yesterday, Assistant Commissioner of Police Clayton Fernander said.
Pay row lawyer fears for job
A PROSECUTOR in the Office of the Attorney General says her outspoken pursuit of money allegedly owed to her has put her job in jeopardy.
WORLD CUP: Sweden get benefit of video review to beat South Korea 1-0
NIZHNY NOVGOROD, Russia (AP) — Sweden got the break they needed from the video review system, and team captain Andreas Granqvist didn’t waste the chance.
Breadbasket's VAT 'zero rating' brings retail relief
Government ministers and officials yesterday brought relief to food retailers by confirming that the budget’s “breadbasket” items will be treated as “zero-rated” for VAT purposes.However, their property and casualty insurance counterparts were not so
IAN FERGUSON: Employers and educators - partnering for better business
As students and teachers prepare to return to the classroom, there are some parallel truths regarding the educational and business systems in The Bahamas that should be studied and addressed. We often hear lament of the national “D” average in the sc
Renewable adoption hit by 'out of sync' approvals
A renewable energy provider yesterday said an eight month to four-year approvals process featuring “out of sync” government agencies is the greatest obstacle to the technology’s adoption. Philip Holdom, president of Alternative Power Supply (APS), s
Dorian 'recovery zones' ready by November 11
The deputy prime minister yesterday said the post-Dorian Economic Recovery Zones should be “completely up and running” by November 11 following a declaration by the Prime Minister. K Peter Turnquest said: “We hope to be in position to have the Prime
Virus 'hampers' oil explorer fund listing
A Bahamas-based oil explorer says the London listing - and trading - of shares in an investment fund it promoted to local investors has “been significantly hampered and thus delayed” by COVID-19.Bahamas Petroleum Company (BPC), which has already dela
NIB: 'No major shift' in managing finances
The National Insurance Board’s (NIB) director says the surge in COVID-19 related benefits claims has not caused “a major shift” in how the social security system manages its $1.7bn reserve fund. Dr Nicola Virgil-Rolle, pictured , said the social sec
Munnings to join top-tier Portugese Basketball League
TRAVIS Munnings was the latest Bahamian senior men’s national team member to capitalise on his free agency when he signed with a new club in a new country.
Govt allocates $48m to COVID jobless benefits
A Ministry of Finance official yesterday confirmed the government has allocated $48m towards various COVID-19 jobless benefit initiatives in the 2020-2021 budget. Marlon Johnson, acting financial secretary, said a portion of this sum will finance a
The last thing we need right now is austerity
Government should be wary of the voices out there that are using the Covid-19 pandemic to promote their own agendas by advocating fiscal austerity as a response to the crisis.
Romauld Ferreira: Plastics ban ‘right thing to do’
Minister of the Environment Romauld Ferreira insisted it was “the right thing to do” for the country to tackle the dependency of plastic use amid the public push back of the single-use plastic ban.
