No choice but to ‘ride out’ inflation
The Bahamas has no choice but “to ride out” escalating inflationary pressures, a governance reformer warned yesterday, although continued strong economic growth forecasts could produce “a compensating effect”.
Bahamas can be ‘first out gate’ over carbon credits
The Bahamas has “the ability to be first out the gate” in the Caribbean, and earn a potential multi-million dollar boost from the climate change fight, through legislation tabled in Parliament yesterday.
Marrying blockchain with carbon trading
The Government’s newly-released digital assets policy proposes employing blockchain technology to help record the trading of Bahamian carbon assets and the activities of a wider “Caribbean market”.
Atlantis in multi-million product refreshments
ATLANTIS yesterday unveiled further multi-million dollar renovations and partnerships designed to refresh its product offering and provide guests with an upgraded experience.
Coral Harbour project ‘scaled back’ to $300m
A “mega project” targeted for Coral Harbour “has been scaled back significantly” with an up-to-$300m investment targeted for its initial development phase, its Bahamian attorney said yesterday.
Real estate firm enjoys 105% Q1 sales boost
A Bahamian real estate firm yesterday said sales volumes for the 2022 first quarter had more than doubled year-over-year to produce another record year, its principal saying: “We’re firing on all 12 cylinders.”
Bahamas largely compliant on key tax evasion ‘action’
The Bahamas has been cited for just relatively minor deficiencies by an Organisation for Economic Co-Operation and Development (OECD) review of its compliance with a key anti-tax evasion standard.
Realtor seeing record property ‘bidding wars’
A Bahamian realtor yesterday said a record number of “bidding wars” are erupting over lower to mid-market properties due to a limited supply that is unable to keep up with still-buoyant market demand.
The Moody’s verdict on the state of The Bahamas
Any endeavour that does not seek answers and direction for improvement is but a frolic.
Ex-minister faces legal fight over $1.25m debt
An ex-Cabinet minister yesterday slammed as “ridiculous” an escalating legal battle that he has become embroiled in over a controversial New Providence dolphin attraction that was ordered to close by the Supreme Court.
‘Place consumers ahead of votes on price control’
Eliminating price controls “would more than offset” soaring inflation, a Bahamian retail chief is arguing, but politicians remain too obsessed with “perception” and election votes to allow consumers to benefit.
'Misunderstood' on gasoline VAT cap
Abaco's Chamber of Commerce president believes the Government may have "misunderstood" calls for it to cap - not cut - the amount of VAT it earns on gasoline sales in a bid to ease inflationary pressures in the Family Islands.
Bill, Tony and Tom to elevate digital ‘front runner’ Bahamas
A former US president and ex-UK prime minister, plus a record-breaking Super Bowl winner, are heading the speaker line-up at a conference that will next week seek to elevate The Bahamas’ position as a digital assets “front runner”.
Highest US COVID rating ‘paves way’ for test ease
A senior hotelier yesterday voiced optimism that The Bahamas’ achievement in attaining the highest-possible COVID rating with US health regulators “paves the way” for both to review the testing protocols required to enter their nations.
Stocks and wars
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“BUY when the cannons roar. Sell when the violins are playing.” This stock market wisdom comes from Carl Mayer von Rothschild (1788-1855), partner in the Frankfurt banking and trading house, M.A. Rothschild & Sons. “Be fearful when others are greedy and be greedy when others are fearful,” Warren Buffett also said.
