Xmas ‘financial cushion’ vital for Bahamian retail
The “make or break” Christmas shopping season will this year be vital for Bahamian merchants to “build a financial cushion” against forecast economic headwinds in 2023, a well-known retailer warned yesterday.
BOB triples value of loan recoveries
Bank of The Bahamas more than tripled the value of recovered loan collateral to $3.5m during its 2022 financial year as a result of intensified focus on reclaiming distressed assets.
DORIAN BREAKS ‘CANNOT GO ON’: Aid for hurricane-hit areas costing treasury purse ‘$50m a year’
The Ministry of Finance’s top official last night warned that Dorian-related tax breaks “cannot go on indefinitely” in their present form as they are costing the Public Treasury “probably $40m-$50m per annum or higher”.
Ministers praises promoted officers
A CABINET minster praised the Customs Department’s “hard work and dedication” in increasing government revenues and protecting Bahamian borders during a promotion ceremony for 62 officers.
Gov’t moves to expose small business ‘vision’
A CABINET minister says the Government is seeking to highlight “the ingenuity, talent and vision” of Bahamian entrepreneurs as part of small business month.
Tanks ordered to solve Eleuthera’s water woe
A Cabinet minister yesterday said the Government has ordered two one-million gallon water storage tanks for central Eleuthera to ease ongoing supply shortages and disruption.
Lettuce case price up 119% above ‘normal’
FOOD retailers yesterday warned that vegetable prices will continue to increase with the cost for a case of lettuce soaring by 119 percent compared to normal times.
‘Stellar 2023’: Crowdfunding platform targets $26m raises
A Bahamian crowdfunding platform yesterday predicted 2023 “will be a stellar year” for capital raises with investors seeking a collective $26m set to approach the market between now and end-March.
Bahamas beats pre-COVID tourism volumes by 25.8%
The Bahamas has finally beaten pre-COVID tourism volumes as higher-spending stopover visitor arrivals for September exceeded 2019 numbers by almost 26 percent, it was revealed yesterday.
Central Bank holding steady as reserves drawdown gains pace
The Central Bank yesterday maintained its prediction that The Bahamas’ external reserves will end 2022 ahead of prior year levels even though October’s decline exceeded 2021 by some $58.3m.
Cable to appeal URCA fines over TV ‘quality’
Cable Bahamas is pledging to appeal the adverse findings and fines levied against it following a probe into the “quality of service” provided to its pay-TV customers during the 2021 calendar year.
Deltec tight-lipped over 17 accounts tied to FTX, Sam Bankman-Fried
A Bahamian bank and trust company was yesterday tight-lipped over court documents showing that FTX and entities controlled by its besieged founder, Sam Bankman-Fried, held no fewer than 17 accounts with it.
CBS sees 41% Black Friday sales increase
CBS Bahamas yesterday said Black Friday sales increased by 41 percent compared to pre-pandemic 2019 as Bahamians moved to beat supply chain backlogs through acquiring Christmas gifts early.
This year’s Black Friday successful for local businesses
LOCAL businesses said Black Friday was successful this year as customers dashed to the stores to catch the sales. The Tribune canvassed several businesses on Black Friday, which was on November 25.
Marina chief suffers ‘worst Thanksgiving in 30 years’
A former Association of Bahamas Marinas (ABM) president says he has suffered “the worst Thanksgiving in 30 years” while linking the drop-off in boating traffic directly to VAT’s imposition on foreign yacht charters.
