May 17, 2023
PHILIP GALANIS
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Trade deficit’s $3.5bn six-year high ‘tremendous opportunity’
THE Bahamas faces “a tremendous opportunity” if it can start making inroads into a trade deficit that hit a six-year high of around $3.487bn in 2023, it was argued yesterday.
Opening Bahamian bank accounts ‘totally insane’
A PROMINENT accountant yesterday blasted “it’s crazy, absolutely insane” that Bahamian businesses face an average wait of more than two months to open a bank account compared to “20 minutes” in the US.
‘Room for improvement’: Trade deficit expands 28% to $1.09bn
The Bahamas Trade Commission’s chairman yesterday said “there’s a lot of room for improvement” after this nation’s trade deficit expanded by almost $184m or 28 percent year-over-year to hit $847m in the 2023 second quarter.
'Particularly concerning': Imports expand 10x faster than exports
The Bahamas Trade Commission's chair yesterday said it was "particularly concerning" that this nation's imports have increased "ten-fold" compared to export growth with the country's National Trade Policy set for imminent release.
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