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COVID-19 controls ‘saved’ $900m external reserves
The Bahamas’ capital controls saved “around” $900m in external reserves at COVID’s peak, an economic researcher has estimated, while also helping to lower the Government’s annual interest burden by 2.5 percent of GDP.
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INSIGHT: PLP gets its report card - a year of success?
ON September 16, 2021, The Bahamas voted in the current administration – meaning we have now had a little over a year of the PLP government.
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PM defends remarks in UN address
PRIME Minister Philip “Brave” Davis has defended remarks he made at the United Nations last week regarding the European Union blacklisting, saying the time has come for these nations to account for what they have done to countries like The Bahamas.
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Prognosis is Denial? Agree or disagree?
Successive governments duly elected (sometimes I wonder how) exclaimed this land of ours was the best little country to every other claim of excellence and I wonder.
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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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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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‘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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IAN FERGUSON: The human touch in small business
More than 80 percent of Bahamian businesses do not have the benefit of on-staff human resources professionals. Literally thousands of Bahamians are operating without a buffer between them and management.
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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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Vaccines to be made available in schools
Parents to receive their vaccination consent letters in next two weeks
ACTING Chief Medical Officer Dr Phillip Swann said officials are making final arrangements to facilitate the administration of paediatric vaccines in schools to help increase vaccinations among children.
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Bahamas ‘must get ahead’ of EU attack
The Bahamas “must get ahead” of the European Union’s (EU) assault, a well-known accountant is arguing, and “address anything seen as remotely non-compliant” before new blacklisting threats emerge.
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Lucayan chairman tight lipped on $5m deposit
The Grand Lucayan’s chairman is “moving on to November 15”, the targeted closing date for the hotel’s $100m sale, although he was tight-lipped on whether a binding sales contract has been signed and a deposit paid.
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PETER YOUNG: Time will tell if a new monarch and PM can deliver on their early promise
These have been momentous times in Britain. The nation has suddenly, and simultaneously, had to face up to the loss of a much-loved and revered head of state and to an enforced change of Prime Minister. In a less politically stable country that could have had serious repercussions.
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Digital asset ‘disruptors’ to shrug off EU blacklist
A Bahamian accountant is voicing optimism that this country’s latest threatened blacklisting by the European Union (EU) will have “minimal” impact on its ambitions to become a global digital assets and crypto hub.
