Food price control negotiations silent
Negotiations with the Government over expanding price controls on the Bahamian food distribution industry have gone silent for more than two weeks much to the sector’s relief.
S&P’s ‘shot in the arm’ exposes growth fears
Standard & Poor’s (S&P) has given The Bahamas “a shot in the arm” while further exposing that “additional taxation” will almost certainly be needed to hit the Government’s fiscal targets, a governance reformer warned yesterday.
Bahamas ‘under attack’: Do more to combat FTX
A former finance minister yesterday argued that not enough is being done to protect The Bahamas’ integrity - and that of its entire financial services industry - which is “under attack” from all sides over FTX’s implosion.
DEIDRE BASTIAN: Beware the pitfalls of worker termination
Have you ever been terminated? Have you ever had to terminate anyone?
Bahamas payment app signs up 1,500 visitors
A digital payments provider says more than 1,500 visitors who will arrive in The Bahamas for the Thanksgiving and Christmas holidays have signed up to use its “tourism app”.
Treasure Cay ‘can’t afford’ $3bn legal battle’s fall-out
TREASURE Cay homeowners yesterday warned they “can’t afford” for the development to be “tied up for years” by a $3bn claim against the Government.
Partnership to give $400k boost for ‘blue economy’
THE Small Business Development Centre yesterday sealed a $400,000 tie up with The Nature Conservancy (TNC) via a Memorandum of Understanding (MoU) for technical assistance.
S&P: ‘No material effect’ for Bahamas from FTX
Standard & Poor’s (S&P) yesterday gave The Bahamas “breathing room” by maintaining its existing sovereign credit rating while predicting that FTX’s implosion will have “no material adverse impact” for the country.
S&P slashes Bahamas ‘23 growth to just 1.1%
Standard & Poor’s (S&P) yesterday slashed its 2023 economic growth forecast for The Bahamas to just 1.1 percent despite giving the country a break on repeated annual creditworthiness downgrades.
‘Meeting of minds’ needed on distressed housing drag
The Government and commercial banking industry must have “a meeting of the minds” so the latter can “clean up” its backlog of distressed properties and resume aggressive mortgage lending again, a senior banker urged yesterday.
Bahamas faces high risk economic ‘roller coaster’
The Bahamas will be on an economic “roller coaster for a significant period of time” as the US Federal Reserve and other central banks take swift action to combat inflation, a local banker warned yesterday.
FTX SPENT $300M ON PROPERTY BUYS: Court documents reveal valuation of real estate spree
A Bahamian realtor yesterday estimated that the collapsed FTX crypto currency exchange spent $250m and “probably more” on acquiring New Providence real estate, adding: “It was great while it lasted.”
Eleuthera’s economy arising from ‘cocoon’
THE ELEUTHERA Chamber of Commerce’s president yesterday said the island’s economy is expanding faster than it can handle after emerging from its “cocoon”
Digital provider facilitates over $200m in payments
A BAHAMIAN digital payments provider yesterday said it has processed more than $200m in transactions since its launch after expanding to a 35,000- strong user base.
Manufacturer: 12-hour shift doesn’t break law
A Freeport manufacturer last night said just three maintenance staff “withdrew” their labour over a new 12-hour shift system implemented to support the company’s expansion.
