$6m claims jump drives Bahamas First into loss
Bahamas First has warned “it will take some time” to correct problems with its Cayman subsidiary’s life and health portfolio that have been blamed for a $6m-plus jump in claims payouts.
Kalik maker eyes 10% supply chain cost rise
Commonwealth Brewery is predicting that global supply chain disruption will increase its costs by 10 percent over the remainder of 2021 as it sustains its return to profitability.
Former AG teams up with Bran’s law firm
Ex-attorney general Carl Bethel QC has teamed up with Branville McCartney’s law firm as part of an expansion drive to help it cope with increased business volumes.
‘You risk career taking public board job’
The National Sports Authority's (NSA) ex-chairman has warned "you risk your career to serve your country" when sitting on Boards at government-owned agencies.
Half of businesses yet to launch online
More than half the Bahamian businesses surveyed by the Chamber of Commerce and Employers Confederation (BCCEC) have yet to launch an e-commerce platform, it was revealed yesterday.
Bahamas ‘like boxer with hand tied its behind back’
The Bahamas is “like a boxer with one hand tied behind its back” because it has failed to determine the true value of the Government’s multiple assets, a prominent banker argued yesterday.
Gov’t pays out $200m in COVID jobless aid
The Government had paid out more than $200m in COVID unemployment benefits at end-September 2021, it was revealed last night, although overall pandemic spending seems to be slowing.
Bahamas must repay $2bn in eight months
The Bahamas has to repay more than $2bn to its creditors within the next eight months, it was revealed last night, with the nation’s total debt stock now standing at $11.429bn.
Sports ministry’s $1.2m ‘Dorian funds’ under fire
The National Sports Authority’s ex-chairman yesterday said he halted the spending of $1.18m in “Hurricane Dorian funds” due to “the lack of clarity” on how they were to be spent.
Gov’ts $62m property tax amnesty write-off
The Government wrote-off $62m in outstanding real property taxes to gain just $37.5m in extra revenue via its recent amnesty initiative, it was revealed last night.
Cable targets $80m New Providence fibre roll-out
Cable Bahamas plans to invest $80m over the next two-three years on rolling out its New Providence fibre-to-the-home network, its top executive has revealed.
‘Unprecedented’ tourism boost via COVID upgrade
Resorts are eyeing “unprecedented” Christmas occupancies after the US upgraded The Bahamas’ COVID status, a top hotelier said yesterday, with many on pace to beat pre-pandemic levels.
BOB: Unleash us for commercial lending
Bank of the Bahamas’ managing director is urging the Central Bank to “level the playing field” by removing the restrictions imposed on its commercial lending in the wake of its near-collapse.
GLIMMER OF HOPE: Ratings agency S&P sees economic upturn but private sector cautious
The Bahamas does “not have enough control over our own plight” to take comfort from Standard & Poor’s (S&P) belief that COVID devastation has “bottomed out”, it was argued yesterday.
GB Power targets 13% return on rate changes
Grand Bahama Power Company is seeking returns of close to 13 percent in its proposed revision to the island’s electricity tariffs, it can be revealed.
