Opponents fear ‘door’s left open’ on oil licences
Oil exploration opponents yesterday voiced fears that a Cabinet minister’s statement on outstanding fees “leaves the door open” for licence renewals if these sums are paid.
Bahamas can’t ‘sideline itself’ over tax reforms
The Bahamas cannot afford to “sideline itself” by remaining aloof from international tax reform agreements, a prominent banker argued yesterday.
Crystal cancels Bimini call over COVID spike
Crystal Cruises yesterday cancelled its July 4 inaugural home porting call to Bimini out of “an abundance of caution” as the government imposed a series of restrictions to contain the latest COVID case spike.
Kanoo chairman: ‘We have nothing to hide’
A Bahamian digital payments provider yesterday hit back at mounting attacks on its business by asserting that all contracts were won “above board”, it’s chairman adding: “I have absolutely nothing to hide”.
Freeport’s Customs crash ‘longest it has ever been’
A Grand Bahama businessman yesterday said he had only suffered a “minor inconvenience” as a result of Customs’ systems being down for the past ten days.
Family council vital to business succession
Cable Bahamas’ chief executive says establishing a family council is critical for seamless succession planning in family-owned businesses where communication among all members is key.
Freeport escapes next ‘nail in coffin’
Freeport yesterday escaped “another nail in the coffin” after private sector lobbying persuaded the government to delay implementation of Customs’ new system until September 2021 at earliest.
Sebas blocked over Sun Cash takeover
Sebas Bastian’s investment house yesterday saw its bid to seize control of a Bahamian digital payments provider blocked by the Supreme Court.
Cross-border commerce ‘back to prehistoric times’
Freeport’s cross-border commerce was yesterday said to have been sent “back to prehistoric times” as a result of Customs’ electronic system for clearing goods being down for ten successive days.
‘Fiscal hesitancy’ fear for Bahamas
A senior Caribbean financial services executive yesterday voiced concern that The Bahamas and other tourism-dependent states will suffer from “fiscal policy hesitancy” in addressing soaring post-COVID debt.
‘I want us in best COVID categories’
A fully vaccinated Bahamas is the only way to fully revive tourism and achieve a Cabinet minister’s goal of “always being in the best category” for COVID-19 travel advisories.
Central Bank signals reserves past danger
The Clearing Banks Association’s chairman yesterday said he is “not jumping through hoops just yet” despite the Central Bank’s actions signalling the post-COVID recovery is on “an upward trend”.
Nearly $50m loans fall into delinquency
Almost $50m worth of loans became delinquent during May 2021 as COVID-19 payment deferrals continued to expire, the Central Bank of The Bahamas has revealed.
Briland hotelier: ‘Will bubble pop?’
A prominent Briland hotelier yesterday said tourism operators “don’t know whether a bubble is going to pop” with resorts continuing to enjoy “unheard of” bookings for the summer months.
GB airport: Govt ‘rolled over and played dead’
The government has “rolled over and played” dead by permitting Hutchison Whampoa to dump all its loss-making assets on the Bahamian taxpayer, a prominent attorney argued yesterday.
