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‘Free’ Sand Dollars to give currency lift
“Free” Sand Dollars will be issued to incentivise early adoption of a Central Bank-backed digital currency that remains “on the runway”, its governor said yesterday, despite a 305 percent circulation increase during 2021.
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Ian’s Florida devastation to hit shipping, logistics
A BAHAMIAN shipping executive says the devastation that Hurricane Ian has inflicted on western and central Florida will only worsen existing supply chain and logistics challenges for the entire Caribbean region.
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BAMSI greenhouses arrive in training boost
A Cabinet minister yesterday said the Bahamas Agricultural and Marine Science Institute (BAMSI) has received long-awaited greenhouses that will enhance training opportunities for students.
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Tourism rebounds to 90% pre-COVID level
Bahamian stopover arrivals rebounded to 90 percent of pre-COVID levels for July as the tourism recovery maintained its momentum by attracting some 3.677m visitors during the first seven months of 2022.
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Real estate chief cautions over rent-to-own contracts
THE BAHAMAS Real Estate Association’s (BREA) president yesterday warned persons seeking to acquire property via rent-to-own deals to make sure they have legally watertight contracts as they are taking all the risk.
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Brokers in concerns over customs software move
THE MINISTRY of Finance’s top official yesterday said Customs is merely seeking to ensure its systems are used properly amid concerns from small brokers about being forced to hire third-party software providers.
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The FNM laments New Providence ‘bloodbath’
THE Free National Movement said it is concerned about the “bloodbath” occurring in New Providence and called on National Security Minister Wayne Munroe to present the government’s comprehensive plan to combat crime.
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Renward Wells ‘not opposed’ to lifting of mask mandate
FORMER Health Minister Renward Wells supports the removal of the mask mandate, but regarding the COVID- 19 response he said the Davis administration was simply following the protocols left behind by the former Free National Movement government.
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PM: 5% of Gov’t contracts go to young entrepreneurs
THE Prime Minister yesterday reiterated that his administration remains committed to allocating 5 percent of the Government’s annual procurement budget to young Bahamian entrepreneurs.
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Legal threat: PM tells FNM ‘bring it on’
IN response to the Free National Movement’s threat of legal action against the government over its failure to follow the Public Procurement Act, Prime Minister Philip “Brave” Davis has challenged the opposition to “bring it on”.
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‘Unprecedented’ 200% private aviation growth
The Bahamas must “step our game” to sustain “unprecedented” growth that has spurred a 200 percent increase in private aviation arrivals, a prominent industry player urged yesterday. Charles Bowe, general manager at Jet Nassau, the major fixed base operator (FBO) at Lynden Pindling International Airport (LPIA), told a webinar to mark World Tourism Day that this nation needs to ensure such visitors are “wowed” from the time they arrive in The Bahamas given that their per capita spending exceeds all other tourist categories.
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Bahamas ‘must work with developers who love us’
The Bahamas “must work with developers who love us” and “disengage” with those motivated only by profits who have no interest in environmental preservation, tourism industry operators argued yesterday.
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Banks facing ease of business ‘scorecard’
Bahamian commercial banks will soon be subjected to a “scorecard” that rates how well they perform in facilitating the ease of doing business and financial inclusion, a top regulator revealed yesterday.
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Parents urged to ensure children’s immunisations are up to date
HEALTH officials are urging parents to ensure that their children’s immunisations are up to date, warning that they “are seeing the rise of forgotten illnesses in developed countries” that could potentially pose a threat to The Bahamas.
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BOB imposes ‘heavy penalties’ on early building loan payouts
Bank of The Bahamas is imposing “heavy early repayment penalties” on construction mortgages in a bid to dissuade borrowers from treating such loans as a “bridging” facility to its detriment.
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‘Increased criminality’ drove 6% suspect reporting growth
THE FINANCIAL Intelligence Unit (FIU) says the 5.7 percent increase in suspicious transaction (STR) and other reports received in 2021 was driven by “increased criminality” experienced during the COVID-19 pandemic.
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'More productive Bahamas' if we get legal reforms right
Governance reformers yesterday argued that the Government's planned upgrades to anti-corruption, procurement and fiscal laws will set "a path to a more productive and sustainable Bahamas if we get it right".
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Dorian tax breaks renewal ‘even more urgent’ after Ian
Abaco’s Chamber of Commerce president yesterday said Hurricane Ian’s devastating impact on Florida makes it “even more urgent” that the Government renew her island’s post-Dorian tax breaks in full.
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New Providence outages due to effects from Ian
PARTS of New Providence experienced power outages yesterday due to weather conditions brought on by Hurricane Ian.
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Man admits cutting PI fence to get to beach
A MAN was placed on probation after admitting to cutting a chain link fence on Paradise Island to get to a beach.
