IMF’s latest projections show growth to ‘regress’
The International Monetary Fund’s (IMF) latest projections for The Bahamas reiterate that medium-term economic growth may not generate sufficient revenues to escape new and/or increased taxes, it was argued yesterday.
North Abaco targeted as manufacturing hub
The Government was yesterday said to have initiated “the North Abaco project” in an effort to first lure Caribbean manufacturers, then those outside the region, to set-up plants for US export.
PM: Caribbean half-way to 25% food import slash goal
The Prime Minister yesterday said The Bahamas and wider Caribbean are half-way towards achieving their goal of reducing food imports by 25 percent come 2025.
Chamber chief calls for Caribbean trade boost
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday called for more intra-regional trade to strengthen Caribbean economies amid ongoing COVID-related supply chain woes.
Citi executive ‘mildly optimistic’ over travel
A senior Citi executive yesterday said he was “neutral to mildly optimistic” that travel and, by extension, The Bahamas’ tourism industry will not be impacted by a global recession in 2024.
Cruise port predicts 20% visitor surge to over 5m
Nassau Cruise Port is projecting a near-20 percent jump in passenger volumes to over five million for 2024, it revealed yesterday, as it watches for on any fall-out from Carnival’s Grand Bahama plans from 2025 onwards.
Ex-Sky Bahamas chief’s ‘compliance nightmare’
Sky Bahamas principal says he is enduring “a compliance nightmare” as the now-defunct airline “lives to fight another day” in the battle over its former Lynden Pindling International Airport (LPIA) hangar.
Central Bank: Don’t send dormant accounts ‘direct’
The Central Bank has told its commercial bank and other licensees to stop sending clients seeking to recover dormant accounts directly to it as such applications must come from the institutions itself.
Commission says ArawakX ‘squandered the opportunity’
The Securities Commission has accused The Bahamas’ first-ever crowd-funding platform of “squandering the opportunity” to show why it should not be wound-up via the Supreme Court.
ArawakX slams ‘ridiculous’ capital market threat claim
The Bahamas’ first-ever crowd funding platform has slammed as “ridiculous” assertions that it poses a threat to capital markets integrity while accusing regulators of portraying it as a “Mom and Pop” operation.
Customs reform vital to greater prosperity
In an increasingly interconnected world, international trade serves as the backbone of economic growth and development for multiple nations . For The Bahamas, a nation of islands in the Caribbean, trade holds the key to unlocking its economic potential. To achieve this, one crucial aspect demands attention: Reform of Customs processes. Streamlining Customs procedures can catalyse economic growth, enhance competitiveness and foster a thriving business environment in The Bahamas.
Governance reformers raise anti-corruption Bills ‘concern’
A governance reformer says the omission of anti-corruption legislation from the Speech from the Throne “raises some concerns” about the Government’s upcoming legislative agenda.
Electricity bill doubling ‘holds back everything’
An Abaco poultry farm says high electricity costs are “holding back everything” after its light bill doubled to $14,000 over the summer.
UK trade mission’s $1.3bn deals forecast ‘conservative’
Organisers of the first UK trade mission to The Bahamas in 20 years say the possibility it will yield some $1.3bn worth of business deals is “conservative” given the multiple opportunities that arose.
Scotiabank playing its part in climate change battles
The recent spate of mega storms, hurricanes and other natural disasters in the Caribbean has served as a stark reminder of how our way of life is affecting the climate. It is a wake-up call for us to seriously reconsider our treatment of planet earth.
