Boeing stocks take off as the 737 MAX returns
ActivTrades
On 29 October 2018 an aircraft flying for Indonesian carrier Lion Air, crashed into the Java sea only thirteen minutes after taking off from the Jakarta International Airport, killing all 189 passengers and crew members on board. Less than five months later, on 10 March 2019, Ethiopian Airlines flight 302 took off from Addis Ababa International with 157 people aboard. Six minutes later the plane crashed. There were no survivors. Both crashes involved brand new airplanes and happened within minutes of taking off. Also, the same aircraft model was involved: Boeing’s recently launched 737 MAX.
Seize COVID chance and 'reinvent the city'
The Downtown Nassau Partnership's (DNP} co-chair is urging stakeholders to seize the opportunity provided by cruise tourism's absence to "reinvent the city", adding: "The door is open for change."
Farmer's Market set for a transformation
A Cabinet minister says the Government plans to transform the Grand Bahama Farmer's Market into a destination that sells only "authentically Bahamian" produce and handicrafts.
Minister in address to mark World Soil Day
A Cabinet minister was one of the main presenters at the Inter-American Institute for Cooperation on Agriculture’s (IICA) Living Soils Initiative.
IDB's $600k grant to aid 2,500 small firms
The Inter-American Development Bank (IDB) is providing $600,000 in grant funding to help kick-start an initiative designed to boost 2,500 micro, small and medium-sized (MSME) Bahamian businesses.
'Greater confidence' if PM said COVID easing stays
Exuma's Chamber of Commerce president last night argued the Prime Minister would have created "an even greater confidence boost" if he had said the latest travel easing would stay through year-end.
Retail's Sunday Xmas open 'fantastic news'
The Prime Minister's decision to permit all New Providence retailers to open on the two Sundays before Christmas was last night hailed as "fantastic news" following the sector's COVID-inflicted beating.
Bimini: 'Everything' tied to Resorts World return
Bimini businesses say “everything” concerning the island's economic fate is tied to the Resorts World (RWB) property's re-opening from December 26.
Investment deal's anatomy exposed
A south Abaco developer says "the numbers have changed quite materially" after documents emerged showing he and his family were investing just $10m, or less than 2 percent, of the required $718m.
Banker: 'Minimal' devaluation risk
A prominent investment banker yesterday argued that the risk of a Bahamian dollar devaluation is "minimal" because it is politically unacceptable and creates no economic benefits.
Realtors: 'Stop going to same taxation well'
Realtors yesterday slammed the IMF's renewed call to increase real property tax rates on high-end homes as akin to "going to the same well and finding it's always dry".
Bay Street's 'full dead stop' gets further extended
A Cabinet minister last night warned Bay Street will be at a "full dead stop" for longer after the cruise industry pushed its return into the 2021 second quarter at earliest.
IAN FERGUSON: Using COVID for productivity reset
COVID-19 has provided businesses with the perfect opportunity to reset. Streamlining product offerings, trimming the proverbial operational expenses "fat", and downsizing staff numbers or positions may all prove necessary in these difficult times. Perhaps the lowest hanging fruit in resetting business operations is enhancing service levels, and assisting employees to become more efficient and effective.
Tax reform needed 'a long time ago'
The Fiscal Responsibility Council's (FRC) chairman yesterday argued that The Bahamas should have moved "a long time ago" to address the regressive nature of its taxation system.
Activists to BPC chief: Go back to England
Environmental activists yesterday urged the Bahamas Petroleum Company’s (BCP) chief executive to “shut his mouth and return to England" after trying to discredit the petition against his firm's activities.
