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Investors warned to look before leaping
The Bahamas International Securities Exchange’s (BISX) chief executive is urging investors to conduct proper risk assessments before parting with their capital.
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12 more COVID-19 deaths
TWELVE more persons, including a 16-year-old boy, have been added to the nation’s COVID-19 death toll, according to the Ministry of Health.
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Building suppliers paint tough materials picture
Construction suppliers yesterday predicted that paint prices will increase by more than 7 percent building due to an “unprecedented” lack of raw materials amid the global supply chain crisis.
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Tourism rides supply chain ‘roller coaster’
Tourism’s post-COVID rebound will not be undermined by global supply chain woes, a top hotelier reassured yesterday, despite the industry enduring a logistics “roller coaster”.
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Family Islands: We must learn to live with COVID
Family Island businesses yesterday said The Bahamas must learn to live with COVID-19 as it did with HIV in the early 1980s amid an ongoing infection spike in their communities.
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Fisheries backs Gov’t for ‘small detail’ focus
The Government was yesterday praised for focusing on “the small details” that could greatly improve the ease of doing business for Bahamian commercial fishermen.
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Regulator loses $116k roof repairs strike-out
The Central Bank’s bid to strike out a Bahamian contractor’s $116,000 claim for breach of contract relating to roof repairs has been rejected by a Supreme Court judge.
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Aviation must seize ‘golden opportunity’
Bahamian aviation now has “a golden opportunity” to chart a brighter future despite being just “45 percent recovered” from COVID, a leading industry operator has asserted.
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Price controls worsen supply chain problem
A Bahamian wholesaler yesterday warned that price control regulations are worsening the supply chain crisis and product shortages in food stores.
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Electricity rate rise ‘extra burden’ for GB revival leaders
Grand Bahama Power Company’s planned electricity rate increases will impose “an extra burden” on the very businesses the island is relying on to pull it out of recession, it was argued yesterday.
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Lightning strike adds to hotel’s $3m supply woe
A prominent Grand Bahama hotel yesterday said its $3m room renovation has fallen victim to global supply chain disruption with a recent “lightning strike” creating further complications.
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Small businesses fear supply crisis more than COVID
Bahamian small businesses view the global supply chain crisis as a bigger threat than COVID-19 itself amid growing anxiety over Christmas deliveries, a sector advocate disclosed yesterday.
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Gov’t $90m ahead of revenue target
The Government beat its 2021-2022 first quarter revenue targets by $90m, a top official has revealed, while also disclosing that the Government’s revised Budget will not increase the deficit.
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Dealer says electric autos key in climate change fight
Electric cars will be vital in the fight against climate change, a Bahamian auto dealer says, while aiding the push to generate 30 percent of the country’s energy needs from renewables by 2030.
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VAT bill ‘before end of the year’
BEFORE the end of this year the Davis administration expects to bring before Parliament three pieces of key legislation, including one that will decrease value added tax to 10 percent from the current rate of 12 percent.
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‘Tenant took cheque book’
AN elderly woman has accused one of her tenants of illegally obtaining her cheque book and writing several cheques in her own name over a three-month period.
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Resort hopes 30% of guests returning
An Exuma resort yesterday voiced optimism that 30 percent of its pre-COVID business will return in time for Christmas due to Air Canada resuming flights to the island.
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Minister: $24m Chinese funding for local projects
The Government is targeting agriculture and fisheries partnerships with China, a Cabinet minister has disclosed, with $24m now available for local development projects.
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Ex-minister: Extra $90m shows our policies working
An ex-Cabinet minister yesterday urged the Government to build on “the positive trend and headroom” left by the Minnis administration after revenues exceeded their first quarter target by $90m.
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Salary deduction needed for $10m cruise IPO loan
Bahamians wanting to access a $10m interest-free loan facility to finance investing in the Nassau Cruise Port can only do so if their employer “qualifies” for a salary deduction programme.
