Moody’s fears on bond refinancing
Moody’s has voiced fears about The Bahamas’ continued access to capital markets and high interest burden if it is unable to successfully refinance maturing bond issues in four consecutive years from 2024 onwards.
‘Moody’s owes us an apology’
A former finance minister yesterday argued that “Moody’s may owe us an apology” over Friday’s downgrade as it could disrupt the new administration’s fiscal plans less than one day after taking office.
SuperPlex: 75% of staff back full-time with curfew easing
The Fusion SuperPlex’s chief executive yesterday said reduced curfew hours will provide “a much-needed jolt” allowing between “70-75 percent” of its 354 staff to return to work full-time.
Our unlikely partnership with dogs
ActivTrades
KNOWN as men’s best friend, dogs are undoubtedly our favourite pets. They entertain, provide company, guard our houses and even work alongside security forces, hunters and shepherds.
GB coral farm in 15 finalists for top environmental award
A Grand Bahama-based coral farm is among 15 contenders that have been shortlisted for the Earthshot Prize that has been launched by the UK’s Prince William and the Royal Foundation.
Carnival back in Freeport
Carnival Cruise Line brought passengers to Freeport on Friday for the first time since the COVID-19 pandemic began in March 2020.
Businesses ‘test water’ over extra night hours
Super Value’s principal yesterday said the supermarket chain plans to “test the waters” with 8pm closings after the nightly curfew was eased but voiced scepticism the move would increase sales.
Bahamas downgraded by Moody's
The scale of the economic and fiscal challenges facing the new Philip Davis-led administration were laid bare Friday, after Moody’s further downgraded the Bahamas’ sovereign creditworthiness.
$52m Bahamas boost from single cruise line
A 156 percent increase in Nassau calls by just one cruise line has the potential to generate a $52m-plus boost for the Bahamian economy in 2022, Nassau Cruise Port’s top executive revealed yesterday
Bahamian insurers under rating review
A rating agency’s decision to place two Bahamian insurance companies under review due to a $90.5m acquisition by its parent group was yesterday said to be routine and of no concern.
Stronger shipping waste regulations ‘ready to go’
The outgoing environment minister says regulations to strengthen ship waste disposal procedures are “ready to go” as the Government awaits a report on the recent invasive beetle controversy.
Freeport faces ‘disaster’ if 2016 Act not repealed
Freeport’s 2016 investment legislation is “an absolute disaster” that must be repealed if small and medium-sized businesses are to invest in the city, a prominent attorney warned yesterday.
COVID measures ‘can’t last forever’
The Bahamas “cannot continue to live under restrictive COVID-19 measures” if it wants its tourism industry and wider economy to fully rebound from the pandemic, a businessman said yesterday.
IAN FERGUSON: Beware peril of unfair employee dismissals
When you terminate an employee’s contract without a fair reason, it is an unfair or unlawful dismissal. Sometimes these issues are dealt with at Industrial Tribunals but, quite often, there are many terminations that go unaddressed.
Bar owner: Let us open in morning
A pub owner yesterday suggested that he and other bar operators should be allowed to open at 9am in the morning to compensate for the hours lost to the night-time curfew.
