Bahamas ‘closer to inflation peak’
The Central Bank’s governor yesterday predicted that The Bahamas is now “closer to the peak, if we have not yet seen it”, of inflationary pressures that have driven the post-COVID cost of living crisis.
Governor trims growth forecast ‘closer to 4%’
The Bahamas’ stopover visitor numbers rebounded to 97 percent of pre-COVID levels in the 2023 first quarter, the Central Bank’s governor said yesterday, while slightly trimming his full-year economic growth forecast.
NIB ordered: Pay ex-chief seven years of pensions
The National Insurance Board (NIB) has been ordered to pay a former director almost seven years’ worth of pension benefts after losing a legal battle over her due retirement entitlement.
Downtown ‘catalyst’ beats goal by $11m
The Nassau Cruise Port’s overhaul is “already serving as a catalyst” for fresh investment in downtown, its top executive has asserted, after its recent bond refinancing was oversubscribed by almost $11m to hit $145m.
Housing ‘crisis’ threatens to strangle Family Islands
The growing “crisis” sparked by a lack of affordable employee housing is threatening to impose a “stranglehold” on Family Island growth prospects, business and tourism leaders are warning.
Gov’t borrowing limits ‘smoke and mirrors’
The Opposition’s finance spokesman has branded the tightened restrictions on Central Bank lending to the Government as “smoke and mirrors” designed to distract attention from the IMF SDRs controversy.
Finlayson fears of ‘ruin’ don’t sway Appeal Court
Fears by Sir Garet ‘Tiger’ Finlayson, and his son, Mark, that they will “be potentially ruined” should a $2.743m judgment be enforced against them have failed to sway the Court of Appeal.
Roderick A. Simms: Multiple measures must be used for NIB reform
The National Insurance Board (NIB) is the government agency responsible for managing the country’s social security system. The NIB provides various social security benefits, including pensions, disability benefits, maternity benefits, funeral benefits and unemployment benefits.
DEREK SMITH: Data protection key to corporate success
The value of data in today’s commercial world has grown exponentially.
Trinidad group in minority stake in Freeport brewer
A TRINIDAD conglomerate, with extensive liquor, brewing and drinks manufacturing interests, has obtained all necessary regulatory approvals to acquire a “minority interest” in Freeport-based Bahamian Brewery and Beverage Company.
Taxi chief backs conduct code to eliminate all ‘undesirables’
The Bahamas Taxi Cab Union’s (BTCU) president has backed the proposed new “code of conduct” for drivers as a way to remove an “influx of undesirables” from the industry.
Pay TV subscribers in lowest fall for six years
Pay-TV subscribers suffered their lowest annual decrease for six years in 2022 with all other communications segments reporting a modest increase in consumer numbers, sector regulators have revealed.
URCA: Only 305 renewable systems working in Bahamas
The Bahamas remains a long way from generating 30 percent of its energy mix from renewable sources by 2030 even though last year saw a 26 percent increase in installed capacity from such systems.
Improved lending, business climate vital on bank fees
The Central Bank's governor says an improved lending climate and reducing the costs of doing business are critical to lowering the commercial bank fees hated by many Bahamians.
