‘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.
‘Cut hip’ for Kanoo over tourism delay
A Cabinet minister says he would “take a cut hip any day” for selecting Kanoo as the Bahamas health travel visa’s payment processor as opposed to delaying tourism’s late 2020 restart.
Bahamas to ‘recalibrate’ airlift with airports PPP
The Bahamas is seeking to “recalibrate the aviation asymmetry” that results in more than two-thirds of international flights coming to Nassau as opposed to other islands, it was revealed yesterday.
Six airports to need more than $150m funding
Six Family Island airports will probably require a greater collective investment than the $150m a Bahamian merchant bank is seeking to raise from local investors, it was revealed yesterday.
Atlantis ‘close to 90%’ occupancy in coming weeks
Atlantis will operate at “close to 90 percent occupancy” over the next few weeks, its top executive revealed yesterday, with all properties apart from the Beach Towers having re-opened post-COVID.
GB airport revival pegged at $200m
A $200m investment is required for the “comprehensive redevelopment” of a Grand Bahama International Airport (GBIA) that lost more than $13m in the two-and-a-half years before the government acquired it.
Financier warns over home port ‘backdraft’
An international financier with experience in infrastructure projects in The Bahamas yesterday warned that the “backdraft” from cruise home porting can have a “sucking effect” on other types of tourism.
Delivery provider eyes ‘digital storefront’ app
An online delivery provider yesterday revealed it is creating an app to provide “digital storefronts” for small businesses struggling to develop such solutions of their own.
BFSB chief awaits talks over ‘structural reform’
A senior Bahamas Financial Services Board (BFSB) chief executive yesterday said she anticipates wide-ranging talks on “overall structural reform” to make the economy more resilient will take place shortly.
Former health official beats CIBC strike-out
A former top public health official has seen his six-figure claim against CIBC FirstCaribbean International Bank (Bahamas) survive a strike-out bid by the BISX-listed financial institution.
