Creative entrepreneurs to be awarded grants
The Small Business Development Centre (SBDC) will tonight name the 39 ‘orange economy’ entrepreneurs who are set to receive a collective $162,538 in grant funding.
Bahamas must ‘flirt’ with 3% growth to sustain jobless cut
The Bahamas must “flirt” with sustained annual economic growth of up to 3 percent to further slash structural unemployment and prove external forecasters wrong, the Central Bank’s governor said yesterday.
Regulator to ‘tolerate’ larger bank dividends to ease fee pressures
The Central Bank’s governor yesterday said it will “tolerate” larger dividend payments to the Canadian parents of Bahamian commercial banks to ease the pressure for further fee increases.
Vacation rental ‘dampening’ fears from pricing declines
The Central Bank’s governor yesterday voiced concern that declining vacation rental prices and occupancies could “dampen new investments” in the sector if this drop-off becomes a sustaining trend.
Key CCA executive now Bahamas ‘special envoy’
A senior China Construction America (CCA) executive who played a key role in the Baha Mar dispute appears to have further prospered through being appointed “a special envoy” by the Bahamian government.
Hotels facing risk in CCA court fight
Baha Mar’s contractor yesterday obtained an “emergency stay” to protect “hundreds” of Bahamian jobs and block the potential “liquidation” of its two Nassau resorts from Sarkis Izmirlian enforcing his $1.642bn award.
90% of import economy in ‘clear and present danger’
Up to 90 percent of The Bahamas’ import-driven economy faces a “clear and present danger” from the intensifying harbour breakwater disintegration, Nassau Container Port’s operator is warning.
‘No straight face’ over Bahamas top for pilots
A Bahamas Flying Ambassador says he “cannot continue to say with a straight face that you are the world’s best private pilot destination” given recent fee hikes, their structure and how they were implemented.
Minimum wage family needing 350% boost to hit middle class
A Bahamian family where both adults are earning the minimum wage would have to increase their income four-and-a-half times to reach “middle class living standards” on New Providence, researchers are asserting.
Cruise power provider ‘beats’ target at $60m
The developer seeking to provide clean energy to vessels docked at Nassau Cruise Port has “surpassed” its initial target by raising “close to $60m” in equity capital as its eyes a January 2025 construction start.
Nassau arrival for cruise line’s first-ever LNG ship
The first-ever liquefied natural gas (LNG) powered cruise ship operated by Princess Cruise made Nassau its inaugural Caribbean port of call on October 13.
Lower prices pledged at newly-opened Cost Right
AML Foods has pledged that Cost Right members will enjoy lower prices following the Nassau store’s $12m relocation from the Town Centre Mall to its new East-West Highway home.
Port operator ‘on track’ to beat EBITDA goal by 7%
Nassau Container Port’s operator says operating income for its current financial year to end-June 2025 is “on track” to beat forecasts by 7 percent based on its performance through August 2024.
Affordable housing squeeze from vacation rentals drive
Cat Island is yet another destination suffering from an affordable housing shortage as landlords increasingly invest in the short-term vacation rental market, a local realtor is warning.
ACTIVTRADES: Bitcoin & Co and the US election
Global stock markets enjoyed a roller coaster during the final two days of trading last week. On Thursday, the Nasdaq lost almost 2 percent, but experienced a 1 percent increase on Friday and the index closed once more above the 20,000 point mark. The release of new quarterly earnings, and mixed results from some large US technology giants, combined with lower-than-expected job numbers in the US to create higher-than-normal volatility in the western financial markets.
