‘Roaring’ tourism set for best ever year
Deputy Prime Minister Chester Cooper yesterday said tourist arrivals are up 66 percent over last year’s numbers.
Sad to see Sweeting go – but hopes for new minister
THE new agriculture minister arrives to hopes that he will get on his feet quickly and continue with former minister Clay Sweeting’s mandate for farming.
Sands: Still room to grow, with Family Islands key
The Bahamas Hotel and Tourism Association president said there is “more room for growth” and that the country should prepare for the consistency of year round tourism especially in the Family Islands.
Reserves stay ‘buoyant’ though growth reduced
The Central Bank yesterday said The Bahamas’ external reserves are set to remain “buoyant” in 2023 although June’s growth is $44.4m short of 2022’s expansion.
Government restructuring sparks hope for business priorities
THE business community is “looking forward” to working with new Cabinet ministers following the government reshuffle, said Khrystle Rutherford-Ferguson, the Bahamas Chamber of Commerce and Employers Confederation’s chairman, yesterday.
‘Record growth’ for tourism according to bank report
TOURISM is showing “record growth” according to a new report from the Central Bank of The Bahamas - while economic growth continues at a moderate pace.
Bumper business for back-to-school
Barbers and beauty salon reported “great” business over the weekend for the back to school rush.
Graycliff offers Indulgence to guests
A prominent Nassau eatery is offering a new “Indulgence Series” for guests in the hope of attracting both locals and tourists.
Professional ‘step child’ hits $1bn permits mark
The Bahamian Contractors Association’s (BCA) president says the construction industry is still being treated like a “step child” despite data showing it is already a $1bn per year industry.
$3m Governor’s Harbour project in 45 full-time jobs
A developer is aiming to invest $3m in constructing a 49-unit subdivision and full-service marina at Governor’s Harbour that will create 45 full-time jobs once build-out is completed.
Corporate income tax: Not ‘holding the bag’
The Bahamas Motor Dealers Association’s (BMDA) president says a corporate income tax levied on net profits would be “fantastic” for the industry if it eliminates a Business Licence regime that can tax companies into a loss.
FTX chief orders Bahamas: Hand over SBF interviews
FTX’s US chief is accusing his Bahamian counterparts of seeking to “shield from scrutiny” details of their interviews with Sam Bankman-Fried and other key insiders that he now wants handed over.
Navigating the challenges to drive increased demand
The Bahamas, often celebrated for its breathtaking natural landscapes and vibrant cultural heritage, stands poised with immense potential for economic growth. Throughout this two-part series, we will thoroughly explore the pressing need to invigorate and foster the growth of the local economy. It is crucial to grasp the essence and significance of what constitutes an economy, as it serves as the backbone upon which the prosperity and well-being of a nation and its people are built.
DEREK SMITH: Combine AI with human expertise on compliance
Regulatory compliance is undoubtedly a key component of trust between institutions and consumers in the financial services industry. Thus an important question facing corporate governance professionals in the era of fintech (financial technology) innovation is whether to invest in Artificial Intelligence (AI) for compliance or rely on the traditional expertise of risk and compliance professionals.
‘Nothing to ease pressure’ over high insurance costs
Bahamian insurers are warning there is “nothing that will ease the pressure” on soaring catastrophe coverage costs as they nervously await the total damages and insured losses from Hurricane Idalia’s strike on Florida.
