BDB and foundation in bid to strengthen tie-up
The Bahamas Development Bank (BDB) has moved to strengthen its partnership with the One Eleuthera Foundation as part of its drive to boost Family Island growth.
COVID’s ‘captive audience’ aids digital payment growth
A digital payments provider says COVID-19 accelerated the industry’s growth because it created a “captive audience” for its services.
GB tourism revival concern on Grand Lucayan, airport
The Grand Lucayan hotel and Grand Bahama International Airport are vital assets that cannot work without each other to revive the island’s dormant tourism product.
What drives the price of bitcoin?
ActivTrades
Traders of bitcoin are used to sharp price action, such as the one experienced during the first weekend of December, when the digital currency lost around 20 percent of its value.
‘Don’t let IMF drag us into income taxation’
The Bahamas must not permit the likes of the International Monetary Fund (IMF) to “drag us” into imposing income taxes that “don’t make sense”, a former finance minister argued yesterday.
‘Writing’s on the wall’ on income tax reform
The Bahamas must see “the writing on the wall” and get ahead of the worldwide 15 percent minimum corporate tax push by enacting reforms for its own benefit, a top banker said yesterday.
National debt just under economy’s size at 98.4%
The Bahamas’ national debt was just less than the size of the economy at end-September 2021 after increasing to almost $10.5bn over the previous three months, it was revealed yesterday.
Doctors ‘completely confident’: COViD test staff grow by 100
Doctors Hospital is “completely and absolutely confident” it can meet new US COVID testing protocols and higher Christmas/New Year travel demand after a 100-strong staffing expansion.
Still scepticism on revival of Eleuthera ‘benchmark’
The Eleuthera Chamber of Commerce’s president has acknowledged that a “level of scepticism” exists over this week’s deal to revive “the benchmark of what was possible in the Family Islands”.
Kanoo still paddling on health travel visa
A Bahamian digital payments provider that was earlier this year ensnared in health travel visa-related controversy yesterday said it has remained on the job despite the change in government.
Cruise port profitability matches ‘lock up’ end
Nassau Cruise Port is forecasting that it will start generating profits by 2024 - a timeline that coincides with the end of a three-year “lock-up” for investors in its 49 percent local shareholder.
‘Fraud convict’ concern over $20m COVID loan
Neither the Government nor the Inter-American Development Bank (IDB) knew a worker helping to execute a $20m COVID-related loan project had been convicted for fraud in the US.
Grand Bahama trying ‘to keep the lights on’
Grand Bahama’s tourism industry is focused on “trying to keep the lights on” amid the protracted wait for a game changer that will revive the destination, a well-known hotelier said yesterday,
West End resort slowly regains COVID losses
A Grand Bahama resort is rebounding slowly from COVID-19’s devastation with occupancy rates - despite tripling from 2020 levels - still standing at just under 18 percent for the year.
PM pledges full support for ‘leapfrog’ on Fintech
The Prime Minister yesterday pledged the Government’s full backing for efforts to help The Bahamas “leapfrog” into the digital assets space.
