Crisis - what crisis?
ActivTrades
Who is talking about a crisis and recession? In the US, inflation was last at 9.1 percent, economic output shrank in the first half of the year - but the labour market is booming. Even experts are surprised.
Tourism deputy:Tourism ‘turning in the right direction’
Tourism is “turning in the right direction” with air arrivals at 85 percent of pre-pandemic levels.
$170m Exuma project targets up to 300 jobs
A $170m investment targeted at Exuma’s southern tip is pledging to create up to 300 full-time jobs - plus several hundred construction posts - via the phased build-out of a mixed-use resort and residential project.
Parliament’s IBC error key in Bacardi rum fortune fight
The now-former chief justice has ordered that a Bahamian International Business Company (IBC) be resurrected from its dissolution more than 17 years ago to rescue multi-billion dollar litigation involving the Bacardi rum fortune.
Gas station tax relief is ‘the right approach’
The Prime Minister’s hint that the Government is mulling lower taxation for gas station operators was yesterday branded the “right approach” even though margin increases may not be considered.
BTC not at Liberty’s top as revenue rise flattens
The Bahamas Telecommunications Company (BTC) was not among its ultimate parent’s best Caribbean performers during the 2022 second quarter as revenues flat-lined against prior year comparatives.
‘No deal breaker’: Lucayan sale gets 45-day extension
The Grand Lucayan’s chairman yesterday reassured there is “no deal breaker” after it was agreed that negotiations over the hotel’s sale be extended by 45 days to September 15.
IAN FERGUSON: Start planning now for our 50th Independence
Throughout the length and breadth of our archipelago, the level of excitement surrounding the 50th independence celebrations scheduled for July 10, 2023, is building among Bahamians.
‘Taking Over-the-Hill projects to new level’
A prominent doctor is asserting that his planned 15-storey parking garage and residential condo complex on Collins Avenue will “take Over-the-Hill developments by Bahamians to another level” if approved.
‘Success formula rethink’ on Eleuthera’s BPL woes
Eleuthera’s Chamber of Commerce president yesterday said the island “needs to rethink the formula for our success” with rolling power outages and blackouts set to potentially impact the island until Tuesday next week.
Firms ‘bleeding red’ as inflation hits 6.2% high
An accountant yesterday warned that “many Bahamian businesses are on the cusp of being in the red” as local inflation hit a “record” 6.2 percent increase for the 12 months to end-June 2022.
Gold Rock ‘setback’ for Gov’t GB revival
The Prime Minister yesterday admitted that the Gold Rock group’s decision to shutter all its businesses, and exit the country entirely, is a “setback” to his administration’s efforts to revive Grand Bahama’s economy.
Ex-Cabinet minister in $2m crowdfund raise
A former Cabinet minister yesterday revealed he is targeting a maximum $2m capital raise via the ArawakX crowdfunding platform as he bids to expand his food treatment network throughout The Bahamas and the Caribbean.
Explorer: We won’t sell off Bahamas heritage
An underwater explorer has pledged not to sell or “split up” the valuable gems and historical artifacts it is recovering from the wreck of a centuries-old Spanish treasure galleon in Bahamian waters.
$1m initiative targeting Gov’t sector ‘pain points’
The Government is seeking to eliminate ease of doing business “pain points” in the public sector through a $1m digital solutions grant funding scheme that also aims to boost Bahamian innovation.
