Stock markets on track for really tough January
ActivTrades
The first month of 2022 has been a challenging one for most stock market investors thus far.
Bahamian farm eyes 1.4m herbs in $60m joint venture
A Bahamian hydroponic producer and its US partner last night revealed they will invest $60m in developing a 71,000 square foot facility able to grow “300 times more food” than a traditional farm.
DEREK SMITH: Building the platform for successful compliance
Compliance is about mitigating risk and following rules set by external authorities.
Restoring fiscal health, investing in our future
In 2022, the Davis administration is laser-focused on moving The Bahamas beyond recovery into a period of robust, broad-based economic growth. This means building an economy that widens the circle of opportunity and lifts all Bahamians - not just a few.
Cruise line’s shut down to have ‘minimal impact’
A senior tourism official yesterday the loss of Crystal Cruises will have “minimal impact” for The Bahamas after one of its ships was forced to anchor off Bimini to escape a US arrest warrant.
No major rush with return to classroom
BACK-to-school suppliers say they did not see the typical customer volumes ahead of this week’s return to the classroom.
COViD insurance lapses ‘peak out’
Bahamas First’s top executive says general insurance policy lapses have “peaked out” with auto and homeowner coverage uptake closing in on pre-COVID levels as the economy rebounds.
Pintard accuses Gov’t on financial disclosure
The Opposition’s leader last night accused the Government of failing to comply with financial transparency and disclosure laws “in multiple ways” while not adhering to its campaign promises.
Bimini Bay developer to pay $600k on boat theft
Bimini Bay’s original developer has been ordered to pay almost $600,000 plus interest after being found guilty of negligence over the theft of a 41-foot yacht from its marina.
Unions must ‘come to grips with reality’ over COVID wage increase
A trade union leader yesterday pledged that organised labour will not employ strong-arm tactics to achieve inflation-matching wage increases, adding: “We must all come to grips with reality.”
Hilton closure shows city ‘not functioning’
The Downtown Nassau Partnership’s (DNP) co-chair yesterday said the British Colonial’s closure shows the destination “is not functioning”, and added: “You never see a Hilton shut in a city”.
Hilton closure to hit downtown business
DOWNTOWN Nassau businesses yesterday lamented that the British Colonial Hilton’s imminent February 15 closure will result in lost trade for their enterprises.
COVID steadily eroding productivity, confidence
THE BAHAMAS Chamber of Commerce’s chairman yesterday said business output has been hit by the number of employees forced into COVID-related quarantine.
IMF restructure?: ‘Not on my watch’
A Cabinet minister yesterday pledged “not on my watch” after a noted Caribbean economist again forecast The Bahamas will need an “IMF restructure” with GDP still below pre-COVID at end-2023.
Atlantis heads for Somewhere Else
Atlantis yesterday unveiled a partnership that will see part of the iconic property, the Beach Towers, rebranded under a different name for the first time in its 27-year history.
