Vehicle imports down up to 90%
Vehicle import volumes at the Nassau Container Port have dropped by up to 90 percent, its top executive revealed yesterday, as half-year profits dropped by almost 36 percent compared to pre-COVID.
‘Absolutely untrue’: PM blasts Davis on IMF bail-out claim
The prime minister last night slammed as “absolutely untrue” assertions by the opposition’s leader that The Bahamas is headed for an International Monetary Fund (IMF) supervised restructuring.
Fidelity: ‘We’ll recapture $10m COVID provisions’
A BISX-listed bank yesterday said it ultimately expects to recover two-thirds of last year’s $15m loan loss provision increase as it bids to shrug-off COVID-19 by more than doubling profits in 2021.
New aragonite regime ‘almost ready’ to unveil
The government is working to develop a new licensing regime for aragonite mining that is “almost ready” for unveiling, a Cabinet minister has revealed.
Union pension trustees: Bankruptcy fight goes on
A union leader yesterday pledged he and his fellow three ex-pension fund trustees will continue the fight to “clear our names” after the bid to take their bankruptcy appeal to the Privy Council was halted.
IAN FERGUSON: Internal promotion has its benefits
In our ever-changing and fast-paced corporate world, strong leadership is paramount in steering workforce teams towards sustained growth and success.
CHAMBER CHIEF’S CONCERN OVER $10M MARINA PROJECT
Exuma's Chamber of Commerce president yesterday said he was “really concerned” about the potential environmental impact from a $10m resort/marina project that is now seeking government permits.
Airlift concerns on Lucayan's re-open
Grand Bahama businesses yesterday identified the island's lack of airlift as a major obstacle to the Government's plans to re-open the Grand Lucayan resort on March 25.
Businesses report mixed 2021 start
Bahamian businesses yesterday reported a mixed performance to 2021 to-date as they and the wider economy continue to grapple with the devastation inflicted by COVID-19.
Digital provider targets $100m in payments
A Bahamian digital payments provider yesterday said it expects to increase the collective value of transactions it processes by 67 percent this year to $100m as it unveiled a “world first”.
Grand Lucayan targeting 50-60 ‘fresh’ recruits
The Grand Lucayan’s chairman last night said the government-owned resort will not necessarily re-hire former staff among the 50-60 persons it is seeking to recruit for the re-opening.
BPC deal had govt over a barrel
The Bahamas would have been “on the hook for hundreds of millions of dollars”, and its credit rating endangered, if the Government had halted Bahamas Petroleum Company’s (BPC) oil exploration.
DPM: Water Corp free ride now over
The deputy prime minister yesterday voiced optimism that Water & Sewerage customers are “prepared” for price increases as he hinted they will no longer receive their first 3,000 gallons for free.
Bill to halt genetic resource ‘plunder’
A Cabinet minister said legislation passed by the House of Assembly yesterday will halt "the plundering" of The Bahamas' genetic resources by foreign researchers without this nation earning one cent.
Cable ‘reimagines’ TV gateway
A SENIOR Cable Bahamas executive yesterday competition and programming costs were impacting its ability to source all the TV content its subscribers desire.
