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Activists urge oil spill contingency overhaul
Environmental activists yesterday urged the Government to upgrade the country’s oil spill contingency plan following the 30,000-gallon Exuma leak, adding that The Bahamas must move from “a panicked” to a controlled response.
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Ex-Cabinet minister in $2m crowdfund raise
A former Cabinet minister yesterday revealed he is targeting a maximum $2m capital raise via the ArawakX crowdfunding platform as he bids to expand his food treatment network throughout The Bahamas and the Caribbean.
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Exuma spill recovery ‘down to last 10-15%’
Exuma’s oil spill recovery was yesterday said to be “down to the last 10-15 percent” with the clean-up effort becoming progressively harder as more diesel fuel is pumped out.
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Bank chief pushes back on non-profits
Bank of The Bahamas’ managing director yesterday asserted it is “absolutely not” correct to accuse the commercial banking industry of seeking to “exclude” non-profit groups and charities from the financial system.
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Brace for higher inflation as growth trimmed to 5%
The Central Bank’s governor yesterday trimmed forecast Bahamian economic growth for 2022 “to at least 5 percent” while warning that the cost of living crisis facing many families has yet “to peak”.
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Jonquel Jones’ double double helps Sun rout Mercury 87-63
UNCASVILLE, Conn. (AP) — Alyssa Thomas posted her second triple-double in less than two weeks, Jonquel Jones added 10 points and 10 rebounds and the Connecticut Sun beat the Phoenix Mercury 87-63 on Tuesday night.
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Scotiabank sharpens credit focus via new Sales Centre
A SCOTIABANK (Bahamas) executive says its newly-launched Sales Centre will enable the lender to focus on “all things credit” and give greater attention to customers seeking loans.
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No bank fall-out on ‘unfriendly’ Russia
The Central Bank’s governor yesterday reassured “there is no material impact to The Bahamas’ financial sector” from Russia’s decision to name this nation among “unfriendly” countries opposed to its invasion of Ukraine.
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Water Corp selling 44% more thanks to huge loss reduction
The Water and Sewerage Corporation’s general manager yesterday said the utility is selling 44 percent more water than a decade ago despite a 12 percent production fall-off over the same period.
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Doctors enjoys up to 40% non-COVID revenue rise
Doctors Hospital plans to unveil its new Bay Street pharmacy within 30 days, a top executive revealed yesterday, with monthly non-COVID revenues up to 40 percent higher than pre-pandemic comparatives.
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Cutting red tape to new investors
The Bahamas must slash the time required to approve investment projects from “more than 60 days” to seven or less if it is to remain economically competitive and transform a “bureaucratic, onerous and antiquated” process.
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Realtor: One-third of deals fetch asking price or higher
A Bahamian realtor yesterday disclosed his average property sales price has “tripled” compared to pre-COVID levels with one-third of all transactions realising either what the seller is seeking or higher.
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Lucayan sale closing ‘hinges’ on airport fix
The Government “must” fix Grand Bahama’s Dorian devastated airport if it is to close the Grand Lucayan’s proposed $100m sale, a former director of the resort said yesterday.
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Tourism ‘market mix’ can beat Fed’s interest hike
The Bahamas Hotel and Tourism Association’s (BHTA) president yesterday voiced optimism that “pent-up” travel demand and a high-end “market mix” can sustain the post-COVID rebound despite the Federal Reserve’s latest tightening.
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Realtors optimistic ‘hottest market in 40 years’ survives
Realtors are closely scrutinising whether “the hottest market The Bahamas has seen in 40-plus years” can survive rising global headwinds as they seek to maintain revenue increases of up to 79 percent.
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Developer launches used car sales app
A software developer yesterday said it is launching the Bahvee app to make it easier for Bahamians to buy and sell used cars.
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Super Value chief ‘thrilled’ at Ukraine supply restart
Super Value’s principal says he is “very thrilled” that Ukraine has begun to ship grain and related products again although it will be some months before Bahamian consumers see any food price benefits.
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‘No further hiccups’ over Lucayan deal
The Opposition’s leader last night voiced concern that “there are no further hiccups” with the proposed Grand Lucayan sale with the extension to the buyer’s 60-day due diligence period set to expire this week.
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Haiti steps in for funeral costs
ACTIVIST Louby Georges said the Haitian government has committed to cover the burial costs of those who perished at sea after their boat capsized in waters off New Providence earlier this week.
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Payment provider targets 25-30% digital user growth
A Bahamian payments provider yesterday disclosed it is targeting “manageable” annual growth of 25-30 percent in digital wallet users while pledging to do its part in reducing the “fear” surrounding electronic transactions.
