Yacht show to more than double in size
The Bahamas Charter Yacht Show will more than double in size for the upcoming 2022 event compared to its launch three years ago, the Association of Bahamas Marinas (ABM) president says.
AG urges IT audits in Pandora Papers wake
The Attorney General has urged all Bahamian financial services firms to assess IT security following the Pandora Papers’ disclosures since such leaks can “deal a devastating blow” to the sector.
‘Put a spigot in great wall’ around Bahamas
The Bahamas must strike a balance between “putting a spigot in that great wall” of foreign exchange control and not being “crowded out” by the outside world, a crowdfunding chief said yesterday.
BPL: 63% of Abaco customers connected
Bahamas Power & Light’s (BPL) chief operating officer says just 63 percent of the company’s Abaco customers have “returned to base” after Hurricane Dorian devastated the island in 2019.
Crowdfunder hits ‘tourist tech’ path
One of the first entities to seek capital in The Bahamas via crowdfunding says it has created “tourist-tech” via technology that co-ordinates the visitor experience in-country.
‘Make Abaco the second Freeport’
Abaco’s Chamber of Commerce president yesterday called for the Dorian-ravaged island to be designated as a ‘second Freeport’ to further spur its recovery from the devastating storm.
Bank branches shrink 30% in seven years
The number of commercial bank branches in The Bahamas has declined by almost 30 percent over the past seven years, the Central Bank’s governor revealed yesterday.
Abaco resorts in up to 80% rebound despite difficulties
Abaco resorts yesterday said business has rebounded to almost 80 percent of pre-COVID levels as they bid to overcome staffing, housing and utilities woes created by Dorian and the pandemic.
Doctors ‘zeroing in’ on 1m COVID tests
Doctors Hospital is “zeroing in” on providing one million COVID-19 tests, it was revealed yesterday, with the majority of those provided to-date “key” to reviving the Bahamian economy.
Gov’t aiming to monetise 3.2m Dorian debris yards
The Disaster Reconstruction Authority (DRA) is “exploring options” as to how The Bahamas can “monetise” 3.2m cubic yards of Hurricane Dorian debris, its deputy chair said yesterday.
‘Prove IMF wrong or Bahamas sinks’
The Bahamas “must prove the IMF wrong” by soundly beating economic growth forecasts that “cannot work” in sustaining this nation’s spiralling debt, a governance reformer warned yesterday.
Ex-minister: Ditch RBC over zero deposit rates
A former Cabinet minister yesterday urged Bahamians to pull their money from Royal Bank of Canada (RBC) after it cut interest rates on savings accounts and term deposits to zero.
‘Blind attorney’ loses over fresh $30m estate appeal
A Bahamian attorney who alleged he was “legally blind” has suffered another defeat in his bid to appeal sanctions imposed upon him relating to the management of a $30m estate.
GB requires ‘critical mass like yesterday’
Grand Bahama’s Chamber of Commerce president says the island needs to regain critical mass “like yesterday”, adding: “We desperately need jobs here.”
Entrepreneur relives exporting ‘nightmare’
A Freeport entrepreneur yesterday branded exporting a “nightmare” due to costs that are more than quadruple product prices and delays encountered in getting sales to customers.
