‘New monster in the house’ on small business funding
The finding that 99 percent of Bahamian firms had no interest in seeking debt financing in COVID’s aftermath was yesterday branded “irrelevant” by a small business adviser, who warned: “We have a new monster in the house.”
‘Break down offshore barriers’ to aid SMEs
The Bahamas has been urged “to find creative means” to allow so-called ‘offshore’ financial institutions to participate in the local economy and help narrow an estimated $748m small business “financing gap”.
Software developer dissuaded from expanding use to arrivals
A Bahamian software developer yesterday said individual Customs officers have discouraged him from submitting a proposal that would save “major time” on entering air arrivals data.
IAN FERGUSON: Bahamians should not fear diverse workforce
WHEN discussing the movement of people from one place to another, it can become a little confusing to know the correct terms to use.
Saturation and gas prices squeeze trucking market
A Bahamian trucking company owner yesterday said he would have been forced out of business if not for clients who understood his prices must rise to combat higher fuel costs.
COVID gives Doctors $58m top-line boost
Doctors Hospital has enjoyed a $58m revenue boost from COVID-19, it was revealed yesterday, helping to send net income soaring by 130 percent year-over-year for the 12 months to end-January 2022.
Tourism ‘market mix’ can beat Fed’s interest hike
The Bahamas Hotel and Tourism Association’s (BHTA) president yesterday voiced optimism that “pent-up” travel demand and a high-end “market mix” can sustain the post-COVID rebound despite the Federal Reserve’s latest tightening.
Bank chief pushes back on non-profits
Bank of The Bahamas’ managing director yesterday asserted it is “absolutely not” correct to accuse the commercial banking industry of seeking to “exclude” non-profit groups and charities from the financial system.
Bahamas ‘riding the bet’ over tourism demand
The Bahamas is “riding the bet” that pent-up tourism demand will offset a slowing US and global economy, a financial provider said yesterday, while warning: “That may not last for long.”
Nygard’s ‘fraudulent’ asset seize exposed
Accusations that Peter Nygard “fraudulently” sought to seize assets he does not own have been exposed by a legal claim against a Bahamian financial services provider involving a once-$40m yacht.
Water Corp selling 44% more thanks to huge loss reduction
The Water and Sewerage Corporation’s general manager yesterday said the utility is selling 44 percent more water than a decade ago despite a 12 percent production fall-off over the same period.
PM confirms Rothschild but no debt restructuring
The Prime Minister yesterday said Rothschild and Co will focus on “creating more [fiscal] headroom” for The Bahamas but emphasised this does not involve a restructuring of the country’s $11.8bn national debt.
‘No need to fear’ over Scotiabank-NUA deal
Bahamas First’s top executive yesterday dismissed concerns over its wholly-owned agency’s tie-up with Scotiabank, saying: “The market doesn’t need to fear there’ll be unfair competition.”
Cruise island expansion to drive 149% visitor rise
Visitors to a cruise line’s Bahamian private island are forecast to increase by more than 427,000 per year once two piers are constructed to allow its vessels to properly dock, it has been revealed.
Crowdfund platform to add secondary trading
A Bahamian crowdfunding platform yesterday said it plans to launch secondary market trading and improve issuer disclosure through the launch of additional features over the next nine months.
