Gov’t and Opposition trade blows over S&P downgrade
The Government’s attempt to blame the former Minnis administration for The Bahamas’ latest downgrade “does not line up” with Standard & Poor’s (S&P) analysis, an ex-Cabinet minister says.
Bahamas ‘15% ahead’ of pre-COVID for holidays
The Ministry of Tourism’s director-general yesterday said The Bahamas is “15 percent ahead” of pre-COVID business volumes for the upcoming Thanksgiving and Christmas season.
Gov’t in talks over who pays for COVID testing
The deputy prime minister has confirmed the Government is initiating talks with the hotel industry over whether unvaccinated staff should pay for their weekly COVID-19 tests.
SCOTIABANK UNVEILS NEW CARD PAYMENTS SYSTEM
SCOTIABANK (Bahamas) has introduced a payment system that allows customers to convert large credit card purchases into smaller monthly installments.
The Metaverse
ActivTrades
FACEBOOK recently changed its corporate name to Meta. This is a move that is more than just an attempt to deal with the brand erosion suffered over the last few years, as the controversy surrounding the social network increased due to hard targeting of users and accusations that its algorithms contribute to the polarisation of society through the dissemination of radical views and false information. The choice of name, Meta, hints at the future envisaged by Mark Zuckerberg for the company.
Bahamas downgraded by Standard & Poor's
Standard & Poor’s (S&P) today downgraded The Bahamas’ sovereign creditworthiness citing “the failure of successive governments to implement timely and effective” fiscal reforms even prior to COVID-19.
‘Grave bearing’ for shipping’s safety
The Nassau Container Port’s top executive yesterday called for long-needed repairs to the harbour’s breakwaters to become a high-priority item given the “grave bearing” for shipping safety.
Cable and Gov’t hit by $41m Aliv losses
Aliv’s near-$41m loss for the year to end-June 2021 continues to drag on both its BISX-listed parent and the Government, just-released financial statements reveal.
‘Bright star’: Fish catches up 25%
Long Island’s fishing industry has proven to be a “bright star” amid COVID-19, it was revealed yesterday, with catches and prices said to be up 25 percent and 40 percent respectively.
Long Island businesses ‘helpless’ after bank exit
Long Island businesses are “in a helpless state” after the exit of all commercial banks, the island’s chief councillor revealed yesterday, amid fears that it will become “a banking desert”.
Enough of ‘pie in the sky’ promises
Long Island has had enough of “pie in the sky” promises, its chief councillor said yesterday, describing “appalling” health clinics and “hanging my head in shame” over the lack of tourist facilities.
Port’s profits to decline 7% despite pre-COVID bounce
Nassau’s major commercial shipping port is forecasting a 7 percent year-over-year profit decline for 2022 despite predicting container volumes will return to pre-COVID levels in the first quarter.
Change law so staff pay for COVID tests
A top hotelier yesterday issued “a clarion call” for The Bahamas to eliminate legal stipulations that mandate employers must pay for their workers’ COVID-19 testing.
Target ‘ideal’ 50% debt-to-GDP ratio
The Bahamas must target an “ideal” debt-to-GDP ratio of less than 50 percent to put its fiscal house in order, an ex-Chamber of Commerce chief executive argued yesterday.
VAT reforms to cap ‘huge’ refund liability
The proposed VAT reforms are designed to cap “huge” multi-million dollar refund liabilities owed by the Government to two major transhipment providers, it was revealed yesterday.
