Story
External reserves off $100m from end-2012
The Bahamas' external reserves are down almost $100 million from year-end 2012, indicating that foreign currency inflows are not occurring at a fast-enough rate to replenish them.
Story
B$ devaluation 'not on horizon'
Devaluation of the Bahamian dollar “is not on the horizon at all”, a former Central Bank governor said yesterday, adding that the country’s all-important foreign reserves have several protective mechanisms around them. James Smith, also a former fin
Story
Seeking answers of protection of Bimini ecology
BIMINI residents are seeking an update from government on the status of their bid to enhance the protection of that island’s unique ecology.
Story
‘Reserves issues need more study’
THE Reserves arm of the Royal Bahamas Police Force was used as a “dumping ground” for retired officers, highlighting that management and leadership was a challenge, opposition leader Philip “Brave” Davis has said.
Story
Foreign reserves enjoy $200m restriction boost
The Central Bank’s governor yesterday said restrictions imposed on capital outflows have boosted the external reserves by $200m to-date, as he pledged: “Losing control of the peg is not an option.”John Rolle, unveiling the regulator’s economic assess
Story
Coral Harbour residents unhappy over development
A CORAL Harbour property owners association yesterday expressed outrage over the private development of land previously designated for public use.
Story
Reservations ‘exceed’ early Baha Mar hopes
Baha Mar’s top executive yesterday said reservations at its Grand Hyatt property have “exceeded our expectations” to-date, with overall demand for summer travel “extremely strong”.
Story
Palm Cay unveils second condo stage
Palm Cay yesterday announced it has opened reservations for Phase 2 of its much-anticipated luxury condominiums, The Anchorage.
Story
Rates remain unchanged
ActivTrades
After their recent record run, the international stock markets lacked further momentum at the end of last week. On Friday, investors lacked buying arguments on both sides of the Atlantic and trading was experiencing a lacklustre day all around.
Story
Governor: Public finance rebuild ‘ambition’ critical
The Central Bank’s governor yesterday said the government’s “fiscal consolidation ambition” is critical to protecting the external reserves and currency peg, as well as enabling the country to meet its debt payments.
Story
Authorities 'comfortable' on foreign reserves tools
The deputy prime minister has reassured that the Government and Central Bank have further “tools” they can deploy to prevent a Bahamian dollar devaluation. K Peter Turnquest said the Bahamas’ foreign currency reserves, which closed June 2020 just be
Story
IMF ‘stresses’ need for foreign reserves boost
The International Monetary Fund (IMF) last night “stressed” to the Bahamas the need to increase its foreign exchange reserves, while effectively calling for no change in interest rates.
Story
Palm Cay launches condo third phase
Palm Cay’s developers on Wednesday opened reservations for Phase 3 of The Anchorage, its luxury condominium offering that is emerging as its most sought-after product to-date.
Story
FRONT PORCH: Attitudes towards the disabled must change
WE live in a highly materialistic society in which many of us measure our self-worth by our possessions, ranging from the vehicles we drive to the brand name clothes which adorn our perfumed accents, bodies and privileges.
Story
COVID 'worst time' to eye dollarisation
COVID-19 is "the worst time" for The Bahamas to consider full dollarisation, an ex-finance minister said yesterday, arguing there were better options for attracting mass foreign currency inflows.
Story
Reserves stay ‘buoyant’ though growth reduced
The Central Bank yesterday said The Bahamas’ external reserves are set to remain “buoyant” in 2023 although June’s growth is $44.4m short of 2022’s expansion.
Story
Shark experts praise marine reserve
CALLING it an area of “unequalled ecological importance”, the Bimini Biological Field Station Foundation applauded government’s support of the proposed North Bimini Marine Reserve – but also urged decision-makers and developers to pull out all the stops to protect the island’s environment.
Story
Local gains offset Erika cancellations for British Colonial
While major Nassau/Paradise Island hotel properties saw inevitable cancellations in recent days due to Tropical Storm Erika, one resort said it had gained some local business as a result.
Story
Minnis queries ‘Prime Minister’s slush fund’ increase of $6.9m
A BUDGET line item that former Prime Minister Dr Hubert Minnis called “the Prime Minister’s slush fund” received a 2023/2024 Budget increase of $6.9m compared to the year before.
Story
Carl Oliver: ‘I don’t own the BAAA’
FORMER Secretary General Carl Oliver said it was never his intention to “own” the Bahamas Association of Athletic Associations, nor did he at anytime apply to secure the Memorandum of Articles for the association to become a company.
