Central Bank wants to see ‘prepare for worst plans’
The Central Bank of The Bahamas has called for recovery plans for all supervised financial institutions (SFIs) to help enable them to fully restore operations after a crisis situation.
Cost of change from playing ‘VAT politics’
The “era of Value Added Tax (VAT) politics” is making things difficult, one large food store chain executive said.
Revolution here in Fin-Tech market
The Bahamas Investments and Securities Business Association’s (BISBA) president says Fin-Tech will “catapult” the financial services industry in 2022.
Concerns mount over Treasure Cay future
Opposition to suitor for the Treasure Cay resort mounts as more residents strike out in opposition to Dr Mirko Kovats, with one being a backup bidder for the resort.
Investors flocked to take up port’s shares
Nassau Cruise Port Ltd (NCP) was “oversubscribed” with over 3,500 investors for a $25m Bahamas Investment Fund (BIF) equity offering.
Retailers finally have something to cheer
“Christmas Eve will tell the tale” for one retailer as this Christmas sales season is certainly better than last year, but it is still not quite at 2019 levels.
Exemptions order extension welcome - ‘but we need more’
Abaco Chamber of Commerce president Ken Hutton says the extension of the Special Economic Recovery Zone (SERZ) order for Abaco needed to be for three years, not one.
Despite failed hotel acquisition investor remains committed
Royal Caribbean Cruise Line (RCCL) remains committed to Grand Bahama through its 40 percent stake in the Grand Bahama Shipyard, despite having to step aside from the Grand Lucayan Resort acquisition.
New grading puts fuel into recovery
A TOP hotelier said “tourism momentum will increase” with the Centres for Disease Control lowering the country’s travel advisory to Level 2 from Level 3.
Kovats emerges as potential buyer for Treasure Cay
THE government will “look into” the concerns raised about the investor seeking to buy the Treasure Cay resort.
Failure to get Lucayan deal over the line not unexpected
A lack of “commitment” to complete by Royal Caribbean Cruise Line for the purchase of the Grand Lucayan Hotel was behind government’s decision to pull the plug on the deal and one Freeport businessman agrees.
Senor Frogs ‘seeing a lot of business’ since reopen
A popular downtown eatery has brought back only 40 percent of its staff since reopening from its COVID-19 imposed closure in March, 2020.
BREA president taking stand against foreign realtor companies
THE Bahamas Real Estate Association’s (BREA) president yesterday said she wants “law and order” in this country and made a stand on co-brokering with foreign agents as she justifies the need for BREA to have Memoranda of Understanding (MoU) with foreign real estate associations.
Taxicab Union warns against price gouging
Bahamas Taxicab Union (BTCU) yesterday cautioned against price gouging in the sector, encouraging visitors to check the rates prior to getting into a taxi.
NAD meets passenger arrivals projections
SIR Lynden Pindling International Airport met its projected 6,000 passenger arrival for this past weekend and expects this to maintain this volume throughout the remainder of the holiday season, a top executive at the Nassau Airport Development Company (NAD) said yesterday.
