Colina shareholders see 77% profits cut
Colina Holdings (Bahamas) has blamed the damage inflicted by COVID-19 on the value of its investment holdings for a 76.6 percent comprehensive income drop for the nine months to end-September.
Lender partners over free marketing access
A Bahamian credit provider has teamed with the MobileAssist app to offer business borrowers free access to marketing.
Cloud provider in a Caribbean first
A Bahamas-based cloud services provider says it has been named as the only LogRhythm authorised managed security services provider partner for the Caribbean and Latin America.
CIBC wins Bahamas award for tenth time
CIBC FirstCaribbean said it has won Bank of the Year for The Bahamas for the tenth time as part of the awards issued by the finance magazine, The Banker.
IMF calls for harsher Bahamian austerity
The International Monetary Fund (IMF) yesterday warned that the Government must impose harsher austerity measures on the Bahamian people to hit its 50 percent debt-to-GDP target by 2030.
Extra $225m raise 'signals confidence'
The Government last night said it exploited "more favourable market" conditions to "re-open" its recent $600m bond and raise a further $255m in US dollars at a lower interest rate.
'No escaping' tax hikes as IMF pushes income levy
A Bahamian economist yesterday said there was "no escaping" new and/or increased taxes to pay for COVID-19's debt blow-out as the IMF again pushed an income tax solution.
Activists: Bahamas needs more from cruise tourism
Environmental activists yesterday said The Bahamas needs to reap more money from the cruise ship industry when it resumes sailing as they launched their "rethink" campaign for the sector.
Exuma businesses suffer lockdown hit
Some Exuma businesses yesterday revealed that the island's recent COVID-19 restrictions have cost them thousands of dollars prior to this week's easing.
Freeport revival body moving on 'action plan'
The Grand Bahama Port Authority (GBPA) appointed committee says it plans to use feedback from 3,162 responses to create an "action plan" for the revival of Freeport's moribund economy.
Salvation Army volunteers cut by half as COVID bites
The Salvation Army yesterday said it was “hoping” the Christmas run-up will generate sufficient funds to aid their anti-poverty work despite having experienced a volunteer fall-off amid COVID-19.
Private sector hails curfew's push back
The Chamber of Commerce's chairman yesterday said the easing of night-time COVID-19 curfews will enable businesses to properly serve customers as the economy moves into the Christmas season.
Commission gives new warning to Bahamians
The Securities Commission yesterday warned Bahamians against joining a group it alleged is operating as a multi-level marketing or pyramid scheme despite lacking the necessary regulatory approvals.
Corporate reforms to boost business ease
Reforms to key corporate laws will boost The Bahamas' competitiveness by improving the ease of doing business and providing investors with greater certainty, MPs said yesterday.
Oil explorer: Just 20% of opponents from the Bahamas
The oil exploration battle further heated up last night after Bahamas Petroleum Company (BPC) sought to discredit an activist petition by asserting just 20 percent of signatories were local.
