'Save the country' with productivity
A Bahamian businessman yesterday said increased productivity is the only way to "save the country", and called on the Government to be "honest" with voters even if they lose an election for "doing the right thing".
Deficit target missed if not for aborted $86m PHA loan
The Opposition's finance spokesman yesterday charged that the Government would have missed its 2021-2022 deficit target but for the repayment of an aborted $86.2m Public Hospitals Authority (PHA) loan.
BPL outage must be 'end, not beginning'
A small business advocate has voiced concern that last Wednesday's power outage, which hit multiple areas of New Providence, is "the end and not the beginning" of any summer woes for Bahamas Power & Light (BPL).
Food cost ‘plateau’ looms despite 60% egg increase
Super Value’s president yesterday voiced optimism that food price inflation could start to “plateau” by end-September despite warning Bahamians that egg prices could suffer an imminent 60 percent increase.
Revisit National Lottery, ex-DNA leader demands
A former Democratic National Alliance (DNA) leader is urging the Government to revisit the creation of a National Lottery as a means to assist vulnerable Bahamians struggling with the cost of living crisis.
Barbers and beauty salons ‘rebound well’ from COVID
BARBERS and beauty salons were yesterday said to be “rebounding very strongly” from previous COVID-19 restrictions as more professionals return to work in the sector.
Bahamas and region urged to reduce bandwidth costs
A BAHAMAS-BASED cloud services provider yesterday said Caribbean regulators must focus on reducing Internet bandwidth costs across the region.
BPL or roadworks? Bran’s $100k IT ‘hell’
A former Democratic National Alliance (DNA) leader says his law firm is trying to determine whether BPL or the Village Road roadworks is to blame for an incident that “fried” its IT servers, computers, Internet and cable TV services.
‘Not claiming victory’: Yet deficit is beaten by $70m
The Ministry of Finance’s top official yesterday said he “won’t claim that victory yet” despite the prior fiscal year’s $689.5m deficit coming in almost $70m below the final projection outlined in May’s Budget.
NAGICO mulls exit after $6m losses
A property and casualty insurer is mulling whether to exit the Bahamian market by seeking a buyer for its existing portfolio almost a decade after being licensed by the Insurance Commission.
Stop ‘getting every dollar’ out of Abaco
A prominent Abaconian has blasted the “bureaucratic red tape” that is preventing the island from making further progress on a post-Dorian economic recovery that he estimates its 60-65 percent complete.
Bitcoin: The Story So Far
ActivTrades
BITCOIN is the original cryptocurrency, created in the aftermath of the 2008 global financial crisis when someone known as Satoshi Nakamoto (their real identity is unknown) published the blueprint. The aim was to bypass traditional financial intermediaries and end central banks’ control over money, relying instead on a peer-to-peer system supported by blockchain, which is the name given to cryptographic information distributed across a decentralised network.
‘Chickens home to roost’ on construction financing
THE Bahamian Contractors Association’s (BCA) president says “the chickens have come home to roost” with post COVID- 19 inflation presenting a “huge challenge” for banks in financing residential and commercial construction.
Council sets deadline for property tax legal action
AN ABACO district council will later this month decide whether to initiate legal action against the Government over its alleged failure to rebate to it up to $60,000 in collected real property tax revenues.
Provider teams with Access Accelerator to build start-ups
A BAHAMIAN financial services provider has linked up with the Small Business Development Centre’s Access Accelerator to provide Bahamian entrepreneurs with new funding opportunities
