PM: 5% of Gov’t contracts go to young entrepreneurs
THE Prime Minister yesterday reiterated that his administration remains committed to allocating 5 percent of the Government’s annual procurement budget to young Bahamian entrepreneurs.
Safety priority over costs in Building Code reforms
THE BAHAMIAN Contractors Association's (BCA) president says safety and resilience must take priority over increased costs in reforms to the Bahamas Building Code.
$167m BOB payout rolled over by Gov’t
The Government has decided not to complete Bank of the Bahamas’ rescue by injecting $167m in cash to replace a “promissory note” after efforts to recover the latter’s toxic commercial loans proved “trickier” than anticipated.
Bahamasair ‘crippled’ by cabin crew action that hits passengers
Hundreds of Bahamians and tourists yesterday had their travel plans thrown into chaos when Bahamasair was forced to cancel all afternoon flights due to an “unwarranted sickout” by 80 percent of rostered flight attendants.
Oil explorer says ‘entitled’ to four licence renewals
An oil explorer’s assertion that it is “entitled to a renewal” of its four Bahamas licences has given its opponents and local environmental activists “a sick stomach”.
BOB ‘can’t say we’re bank’ till loan growth
Bank of The Bahamas cannot truly “say we are on the way back” until it generates sustainable loan book growth again despite enjoying a 2022 financial year in which profits more than doubled to hit $11.218m.
Disaster avoided
ActivTrades
As predicted in last week’s article, the inflation rate in the euro area has reached double digits for the first time since the introduction of the single currency. As the European statistical office, Eurostat, announced on Friday, following an initial estimate inflation was 10 percent in September. In August, it was still 9.1 percent. Bad news for the Euro zone, but it was an even worse week across the channel.
Hubert Edwards: Is economic dignity the Bahamas’ new direction?
Is there a new economic philosophy emerging in The Bahamas? With a relatively new administration, a first-time prime minister and a decidedly tough task ahead in coping with the economic fall-out from COVID-19 and Hurricane Dorian, there could be very fertile ground for such out-of-the-box thinking.
Oil explorer: No $500,000 ‘top up’ on Bahamas well
AN OIL explorer is not expecting to pay an extra $500,000 insurance premium “top-up” over its Bahamian exploratory well because this was drilled “without incident” last year.
Ian’s Florida devastation to hit shipping, logistics
A BAHAMIAN shipping executive says the devastation that Hurricane Ian has inflicted on western and central Florida will only worsen existing supply chain and logistics challenges for the entire Caribbean region.
Building materials suppliers warn of post-Ian price rises
BUILDING materials costs may further increase as a result of the devastation that Hurricane Ian has inflicted on Florida, Bahamian merchants warned yesterday.
Dorian tax breaks renewal ‘even more urgent’ after Ian
Abaco’s Chamber of Commerce president yesterday said Hurricane Ian’s devastating impact on Florida makes it “even more urgent” that the Government renew her island’s post-Dorian tax breaks in full.
Banks facing ease of business ‘scorecard’
Bahamian commercial banks will soon be subjected to a “scorecard” that rates how well they perform in facilitating the ease of doing business and financial inclusion, a top regulator revealed yesterday.
Bahamas ‘must get ahead’ of EU attack
The Bahamas “must get ahead” of the European Union’s (EU) assault, a well-known accountant is arguing, and “address anything seen as remotely non-compliant” before new blacklisting threats emerge.
Nassau enjoys 17,000 cruise diversion boost
Downtown Nassau and other cruise-dependent Bahamian businesses have benefited from an extra 17,000 passengers to-date being diverted to the city by hurricane devastation in Florida and the Caribbean, it was revealed yesterday.
