Payment provider targets 25-30% digital user growth
A Bahamian payments provider yesterday disclosed it is targeting “manageable” annual growth of 25-30 percent in digital wallet users while pledging to do its part in reducing the “fear” surrounding electronic transactions.
Oil spill ‘greater struggle’ if wind and tide different
FOCOL Holdings’ chairman yesterday conceded that cleaning-up Exuma’s 30,000-gallon oil spill would have been “a much greater struggle” if the wind and tide had taken the slick in a different direction.
Central Bank: Investors no longer ‘tepid’ on Gov’t debt
The Government’s domestic debt issues were fully subscribed for the first time in almost three years during the 2022 second quarter, the Central Bank has revealed, arguing that “tepid investor sentiment” has been reversed.
Lucayan sale closing ‘hinges’ on airport fix
The Government “must” fix Grand Bahama’s Dorian devastated airport if it is to close the Grand Lucayan’s proposed $100m sale, a former director of the resort said yesterday.
Exuma spill recovery ‘down to last 10-15%’
Exuma’s oil spill recovery was yesterday said to be “down to the last 10-15 percent” with the clean-up effort becoming progressively harder as more diesel fuel is pumped out.
IAN FERGUSON: The advantages from being an entrepreneur
The COVID- 19 pandemic has caused hundreds of Bahamians to consider - and reconsider - the idea of entrepreneurship. The massive lay-offs and furloughs pushed many employees to start home-based businesses as a means of turning over some revenue.
Realtor: One-third of deals fetch asking price or higher
A Bahamian realtor yesterday disclosed his average property sales price has “tripled” compared to pre-COVID levels with one-third of all transactions realising either what the seller is seeking or higher.
Activists urge oil spill contingency overhaul
Environmental activists yesterday urged the Government to upgrade the country’s oil spill contingency plan following the 30,000-gallon Exuma leak, adding that The Bahamas must move from “a panicked” to a controlled response.
LPIA: 75% of Airport Authority staff return
Some 75 percent of Airport Authority staff were yesterday said to have returned to work at the Lynden Pindling International Airport (LPIA) following Monday’s strike action that the Supreme Court deemed illegal.
FOCOL: ‘All resources we have’ to oil spill fight
FOCOL Holdings’ chairman yesterday pledged it was “deploying every resource we have” to clean-up the 30,000 gallon Exuma oil spill, and said: “We’ll do whatever’s necessary to stop it happening again.”
Carbon credit earnings are ‘many years’ away
A senior Bahamas National Trust (BNT) executive has warned this nation “won’t get a dollar from carbon credits for many years” as he backed calls for more direct local ownership in the fledgling industry.
Realtors optimistic ‘hottest market in 40 years’ survives
Realtors are closely scrutinising whether “the hottest market The Bahamas has seen in 40-plus years” can survive rising global headwinds as they seek to maintain revenue increases of up to 79 percent.
Tourism hopeful major strike damage avoided
The Bahamian tourism industry was yesterday hopeful that widespread, long-lasting damage from the Airport Authority strike may have been avoided even though most of the agency’s employees still failed to show for work.
COVID restrictions help ex-airline chief avoid jail
COVID restrictions literally provided a get-out-of-jail route for a former airline principal who successfully overturned a one-month prison sentence for contempt of court.
Union leader: ‘Hot spots’ will not become eruption
A trade union leader yesterday pledged that workplace “hot spots” will not erupt into full-blow strikes or industrial action, adding: “We are working around the clock to find a happy medium.”
