Mortgage facilitator’s insurance expansion
A mortgage facilitator has expanded its product offering through the acquisition of an established insurance agency.
The Federal Reserve hawkish pivot
ActivTrades
ON Wednesday June 16 the United States Federal Reserve stunned observers, announcing the intention to start rising interest rates at some point in 2023, bringing the dot plot forward by a full year.
Bahamas First sees top ratings affirmed
Bahamas First’s “favourable operating performance” amid COVID-19’s economic stresses saw its credit and financial strength rankings upheld by the top global insurance rating agency.
Bahamas breaks aviation Frontier
FRONTIER Airlines made its first flight to Nassau on Friday, becoming the first ultra-low fare carrier to enter the Caribbean market with multiple travel days per week. Frontier will operate direct flights from Miami International Airport to Lynden Pindling International Airport (LPIA) four times a week with effect from next month.
‘It’s bouncing back with a vengeance’
Tourism was yesterday said to be “bouncing back with a vengeance” with 13,000 cruise visitors expected in the week before Independence and Nassau’s mega resorts reporting occupancies of up to 90 percent.
DEREK SMITH: Following the crowd fails your business
Risk management is a topic that has increasingly made headlines around the globe due to the COVID-19 pandemic. Locally, after the release earlier this month of my first article in this two-part series on why businesses fail, I have had multiple conversations with colleagues about risk management. What was evident is that views are split about whether proactive risk management or reactive risk management should be deployed by companies.
US departures back to 75% pre-COVID levels
US pre-clearance at Lynden Pindling International Airport (LPIA) expects to be processing 70-75 percent of pre-COVID’s record passenger volumes “by the end of summer”, a top official revealed yesterday.
Construction costs to jump 20% this year
Two ex-Bahamian Contractors Association (BCA) presidents yesterday warned that construction costs will likely increase up to 20 percent this year as cement became the latest product to take a hit.
‘Greater resolve’ to eliminate Bahamas in financial services
A former prime minister yesterday warned that COVID-19 has “only strengthened the resolve” of major nations to eliminate the competitive threat posed by The Bahamas and other Caribbean countries.
Nassau ‘running low’ on cement supplies
New Providence is “running very low” on cement supplies due to a combination of shipping delays and surging post-COVID construction activity, merchants disclosed yesterday.
Sanctions letters for 11 registered agents
The government has issued sanctions warnings to 11 financial services providers for failing to supply beneficial ownership details on corporate entities they act for, the attorney general revealed yesterday.
‘Get creative’ over govt debt aversion
The government was yesterday urged to “become more creative” in the Bahamian debt markets as traditional purchasers of its bonds increasingly reject long-term paper due to the mounting fiscal crisis.
Minister’s cargo hub plans for GB airport
Establishing the city of Freeport as an air cargo transshipment hub could generate the extra income required to make its rebuild attractive to private capital and operators/developers, a Cabinet minister said yesterday.
Minister: ‘No favours’ to payment provider
A Cabinet minister yesterday asserted that “no special favours” were involved in hiring a digital payments provider to handle the health travel via fees generated by tourism’s COVID-19 re-opening.
Shipyard’s ‘really big deal’: Can be 30% of GB output
A top hotelier yesterday hailed the planned $350m investment in the Grand Bahama Shipyard as “a really big deal” that could result in the facility generating up to 30 percent of the island’s economic output.
