Bahamas GDP rebounds 4-8 months after storms
The Bahamas has returned to pre-hurricane gross domestic product (GDP) levels between four to eight months after each of the last four major storms struck this nation, a study has found.
‘Take all nasty decisions during first 12 months’
An ex-Grand Bahama Port Authority (GBPA) counsel has urged the Davis administration to take all “nasty” decisions, such as selling-off loss-making state-owned enterprises (SOEs), during its first two years in office.
GB Utility blames shipper for $5m RO plant setback
Grand Bahama Utility Company (GBUC) has blamed another “disappointing setback” for construction of its $5m reverse osmosis plant on an error by its shipping company.
BTVI chooses its first vice-president
The Bahamas Technical and Vocational Institute (BTVI) has named former University of The Bahamas executive, Dr Linda Davis, as its first vice-president.
Minister targets financial stability
A newly-appointed Cabinet minister yesterday said the Davis administration’s first objectives will be to “decelerate” the Government’s rate of borrowing and improve the ease of doing business.
Recovery needs more than shortened curfew
While grateful for the increased operating hours created by a shorter curfew, Bahamian businesses say other obstacles must be overcome before they and the economy can see a turnaround.
Delivery firm: Economy needs major ‘kickstart’
A delivery firm yesterday said revenue improvement needs more than a delayed curfew start, adding that the economy must also be sparked into life to increase employment.
New Gov’t urged to boost business ease
Small businesses are urging the new government to further improve the ease and cost of doing business while providing more access to financing.
Stopover tourism ‘85% recovered’ this winter
The Bahamas’ stopover tourism business will be “close to 85 percent” of pre-COVID levels by the 2021-2022 winter season, a top hotelier is predicting, with a return to full business levels “very achievable” next year.
Moody’s fears on bond refinancing
Moody’s has voiced fears about The Bahamas’ continued access to capital markets and high interest burden if it is unable to successfully refinance maturing bond issues in four consecutive years from 2024 onwards.
‘Moody’s owes us an apology’
A former finance minister yesterday argued that “Moody’s may owe us an apology” over Friday’s downgrade as it could disrupt the new administration’s fiscal plans less than one day after taking office.
SuperPlex: 75% of staff back full-time with curfew easing
The Fusion SuperPlex’s chief executive yesterday said reduced curfew hours will provide “a much-needed jolt” allowing between “70-75 percent” of its 354 staff to return to work full-time.
Our unlikely partnership with dogs
ActivTrades
KNOWN as men’s best friend, dogs are undoubtedly our favourite pets. They entertain, provide company, guard our houses and even work alongside security forces, hunters and shepherds.
GB coral farm in 15 finalists for top environmental award
A Grand Bahama-based coral farm is among 15 contenders that have been shortlisted for the Earthshot Prize that has been launched by the UK’s Prince William and the Royal Foundation.
Carnival back in Freeport
Carnival Cruise Line brought passengers to Freeport on Friday for the first time since the COVID-19 pandemic began in March 2020.
