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‘Stellar 2023’: Crowdfunding platform targets $26m raises
A Bahamian crowdfunding platform yesterday predicted 2023 “will be a stellar year” for capital raises with investors seeking a collective $26m set to approach the market between now and end-March.
Bahamas faces high risk economic ‘roller coaster’
The Bahamas will be on an economic “roller coaster for a significant period of time” as the US Federal Reserve and other central banks take swift action to combat inflation, a local banker warned yesterday.
Bahamas payment app signs up 1,500 visitors
A digital payments provider says more than 1,500 visitors who will arrive in The Bahamas for the Thanksgiving and Christmas holidays have signed up to use its “tourism app”.
Phones and drugs seized in prison
SOME 400 cell phones have been confiscated by officers at the Bahamas Department of Correctional Services for the year as officials enhance their efforts to crack down on contraband smuggling.
New PI super yacht marina 80% booked
PARADISE Island’s newly-opened Hurricane Hole super yacht marina is over 80 percent booked, its principal developer says, with the wider $250m project moving forward at a brisk pace.
S&P slashes Bahamas ‘23 growth to just 1.1%
Standard & Poor’s (S&P) yesterday slashed its 2023 economic growth forecast for The Bahamas to just 1.1 percent despite giving the country a break on repeated annual creditworthiness downgrades.
Eleuthera’s economy arising from ‘cocoon’
THE ELEUTHERA Chamber of Commerce’s president yesterday said the island’s economy is expanding faster than it can handle after emerging from its “cocoon”
BAIC eyes second industrial park plan
The Bahamas Agricultural and Industrial Corporation’s (BAIC) chairman has revealed a new industrial park will be created on Carmichael Road as the Government seeks a $50m credit line to further boost small businesses.
Bahamas beats pre-COVID tourism volumes by 25.8%
The Bahamas has finally beaten pre-COVID tourism volumes as higher-spending stopover visitor arrivals for September exceeded 2019 numbers by almost 26 percent, it was revealed yesterday.
‘Hold your breath’ as tour of prison held
GOVERNMENT officials toured several prison wings under renovation at the Bahamas Department of Correctional Services yesterday, including a newly refurbished juvenile facility that, once completed, will be able to accommodate up to 25 minor prisoners.
PM tours GoldWynn site
PRIME Minister Philip “Brave” Davis and other government officials toured the construction site of the multi-million-dollar GoldWynn hotel and residences project on Cable Beach last week to view the development’s progress.
Bahamas ‘under attack’: Do more to combat FTX
A former finance minister yesterday argued that not enough is being done to protect The Bahamas’ integrity - and that of its entire financial services industry - which is “under attack” from all sides over FTX’s implosion.
Marina chief suffers ‘worst Thanksgiving in 30 years’
A former Association of Bahamas Marinas (ABM) president says he has suffered “the worst Thanksgiving in 30 years” while linking the drop-off in boating traffic directly to VAT’s imposition on foreign yacht charters.
CBS sees 41% Black Friday sales increase
CBS Bahamas yesterday said Black Friday sales increased by 41 percent compared to pre-pandemic 2019 as Bahamians moved to beat supply chain backlogs through acquiring Christmas gifts early.
Plans made to build new high-medium security correctional facility
NATIONAL Security Minister Wayne Munroe revealed yesterday that officials are hoping to break ground in the coming weeks on the construction of a new high-medium security correctional facility at the Bahamas Department of Correctional Services.
THE QUESTION OF PATERNITY LEAVE: Bahamian mothers advocate for more time off for fathers
The birth of a child can be the most exciting yet stressful and tiring time of a woman’s life.
AG DEFENDS THE NATION OVER FTX: Ryan Pinder hits out at assertions over Bahamas regulations
ATTORNEY General Ryan Pinder last night defended the country’s digital asset regulations in the wake of international criticisms over its regime following FTX’s collapse, calling assertions that FTX only came to The Bahamas because it was a poorly regulated jurisdiction “shocking” and ignorant.
Sir Franklyn: FTX is ‘not our first rodeo’
A well-known businessman yesterday urged the Bahamas to “stand united” in the face of FTX’s implosion as he blasted the Opposition’s leader for trying to “score cheap political brownie points” over the affair.
Property insurance costs ‘no doubt’ higher in 2023
Bahamian families and businesses were yesterday warned that property insurance costs will “no doubt be higher” in 2023 even though the country “dodged a bullet” with Hurricane Nicole.
Groups in countdown to Junkanoo
WITH practices for the upcoming Boxing Day and New Year’s Day Junkanoo parades underway, two group representatives are already claiming victory of the parades.
