Retailer: No price, supply chain relief till mid-2022
Bahamians were yesterday warned to brace for “across-the-board” price increases and stock shortages until mid-2022, as a prominent retailer warned: “The chickens have come home to roost.”
ART OF GRAPHIX: Don’t let storage woes cloud your designing
If you are a designer working behind a computer, there will always be the need for a large storage bin to place bits and pieces of edited and unedited photos plus data in. The need for large storage can never be evaded. Super high resolution files that are typical of graphic design can consume pretty large amounts of data. Moreover, you may have started arranging a portfolio of records, and suddenly realise that more storage space is required.
Social Services budget doubles within two years
A Cabinet minister yesterday further highlighted COVID-19’s devastating impact on Bahamian society by revealing that his ministry’s budget has increased by 100 percent in the two years since he took office.
Apparel retailers in price rise warning
Bahamian apparel retailers yesterday predicted an increase in their prices over the remainder of 2021 if supply chain disruptions and backlogs are not resolved.
Inflation ‘significant’ threat to post-COVID recovery
Rising inflation poses “a very significant” threat to the speed and strength of The Bahamas’ post-COVID economic revival, a prominent economist warned yesterday, with key building material prices up by double digits.
‘Challenged’ to exploit govts VAT tax break
Real estate buyers will be “challenged” to exploit the government’s VAT waiver/discount on deals under $250,000 due to a shortage of contractors in the Dorian-hit islands, it was argued yesterday.
Bahamasair sees revenues fall 84%
Bahamasair’s revenues for the ten months to end-April 2021 plunged by 84 percent year-over-year, a Cabinet minister revealed yesterday, with taxpayers set to underwrite its survival via a $60m-plus subsidy.
Civil service expansion labelled ‘mind boggling’
A governance reformer says it is “mind boggling” that the government would abandon previous pledges to rein-in an oversized civil service by adding at least another 1,802 persons to its payroll.
‘Major improvements’ needed on bank fees
Almost two-thirds of Bahamian businesses say the fees charged by commercial banks need “major improvements”, according to the findings of a Central Bank survey.
Budgeting to face future challenges
* In the third of a four-part series, Hubert Edwards argues that a greater focus on foreign and Bahamian investment will be critical to breaking the low growth trap . . .
‘Phenomenal’ tourism pick-up - but still below 2019 levels
A Cabinet minister yesterday hailed the “phenomenal rate of increase” in stopover visitor arrivals as a sign “tourism is bouncing back” even though the industry remains more than one-third below 2019 numbers
Cruise home porting to give $50m boost
A Cabinet minister yesterday predicted that 35,000 home porting cruise passengers will spend a collective $50m across The Bahamas during their seven-night voyages around the island chain this summer.
Food stores confirm price rise pressures
Food stores yesterday said food prices have risen by at least ten percent since last year amid forecasts that increases could last well into 2022.
Prices regulator seeking more power as costs rise
The Price Control Commission’s chairman yesterday said recommendations have been presented to the Minnis Cabinet calling for it to be given greater powers over non-price controlled items.
Govt mulling $1m investment floor for permanent residency
The government is eyeing a $1m minimum for investors to qualify for economic permanent residency by making non-real estate investments in The Bahamas, a Cabinet minister revealed last night.
