Bahamas moves to block loss of investment funds
The Prime Minister yesterday unveiled reforms to a package of financial services laws in a bid to prevent The Bahamas losing “a material amount” of investment funds to Brazilian tax law changes.
RBC customers hit by ‘skimming’ fraud
Royal Bank of Canada (RBC) yesterday confirmed that “a number” of its Bahamian customers have fallen victim to fraud and loss after their Visa cards were exposed to a ‘skimming’ attack.
Stranded passengers may get distressed rate for hotel stay
PASSENGERS who find themselves stranded at Lynden Pindling International Airport due to unexpected circumstances may be given a helping hand as part of discussions between Nassau Airport Development (NAD) and hotels.
Grand Bahama ‘joining the party’ for tourism
Ian Rolle, chairman of the Grand Bahama Island Tourism Board, said tourism numbers there are “finally joining the party”.
Talks with Port Authority over GB future ‘stalled’
TALKS with the Grand Bahama Port Authority (GBPA) over the future of Grand Bahama have “stalled”, says Prime Minister Philip “Brave” Davis - but he is hopeful that they will resume shortly.
Distillery unveils limited edition rum to mark 50th independence
John Watling’s Distillery has unveiled the limited release of its Bullion rum to commemorate both its tenth birthday and the 50th anniversary of Bahamian independence.
IMF report response blasted as ‘embarrassing if not so serious’
The Government and Opposition responses to the International Monetary Fund’s (IMF) report on The Bahamas “would be embarrassing if it wasn’t such a serious matter,” a financial observer has blasted.
Business Licence full audit ‘screams you don’t trust us’
The Government’s enhanced Business Licence verification regime “screams that you don’t trust us” to pay all due fees, the Bahamas Motor Dealers Association’s (BMDA) president argued yesterday.
Briland ‘won’t have a product to sell’ if energy woes persist
Briland resorts and property managers yesterday warned “we won’t have a product to sell if this continues” after the high-end tourism destination was hit by a third successive week of power and utility outages.
National debt shrinks $77m in third quarter
The Bahamas’ national debt shrank by almost $77m during the 2023 third quarter but this proved insufficient to reverse the total $400m-plus growth incurred over the prior 12 months, it was revealed yesterday.
Banks see 30% profits increase
Bahamian commercial banks collectively enjoyed a 30 percent year-over-year profit increase to $109.2m during the 2023 second quarter due to rising interest income, it was revealed yesterday.
Coral restoration drive to boost ‘blue’ economy
The Ministry of Tourism yesterday partnered for a coral reef restoration drive that aims to boost sustainable tourism and the 23 percent of Bahamian economic output generated by the ocean economy.
Cement maker hails 2023 as ‘amazing year’ in construction
A cement manufacturer yesterday branded 2023 an “amazing year” for construction as it focuses on expansion to the Family Islands in 2024.
Bahamian firms urged to embrace AI benefits
Bahamian companies are being urged by the head of a local technology firm to embrace the advantages of using artificial intelligence (AI) in their day-to-day operations.
‘Happy medium’ within sight on Business Licence anxiety
The Ministry of Finance’s top official last night voiced optimism that “a happy medium” is close over new Business Licence verification rules that were causing growing private sector anxiety.
