IMF: Four-year haul on COVID recovery
THE Bahamas faces “anything but a V-shaped recovery” from COVID-19 with the International Monetary Fund (IMF) yesterday warning a four-year haul to regain economic output lost in 2020 lies ahead.
'Deer in headlights' on $1.5bn debt increase
Fiscal watchdogs yesterday warned The Bahamas' debt-to-GDP ratio must "be upwards of 90 percent" after Central Bank data revealed the Government's direct debt rose by $1.5bn in just 12 months.
Oil explorer blasts activists over last ditch legal threats
Bahamas Petroleum Company (BPC) last night blasted oil exploration opponents for "significantly exaggerated" claims and waiting more than a decade to make a last-minute attempt to halt its plans.
'Wind in the sails': Hilton in December 15 reopen
The hotel union's president last night said The Bahamas' battered tourism product must "keep the wind in its sails" after the British Colonial Hilton confirmed it will “partially” re-open on December 15.
Realtor: Don't 'cripple' retail Xmas run-up
A prominent realtor yesterday urged the Government to ensure the Bahamian economy remains open between now and Christmas to avoid "crippling" the retail industry.
BOB: ‘Highest risk lawsuits’ involve ex-Cabinet ministers
BANK of The Bahamas will soon know the fate of its “two highest risk litigation matters” that both involve former Cabinet ministers, its chairman has revealed to shareholders.
The goal of the century and monetary policy
ActivTrades
For those who feel passionately about football (soccer) and the financial markets, last Wednesday was a bitter-sweet day. Diego Armando Maradona, perhaps the world’s greatest ever footballer, passed away aged 60 following a string of health complications. On that same day, the Dow Jones stock index hit an all-time high, for the first time breaking through the 30,000 points barrier.
GB Power moves to Bahamian-led team
Grand Bahama Power Company (GBPC) yesterday said it is transitioning to a fully Bahamian-led operation after its top executive was given a regional role by the Canadian owner.
Bahamian named to critical OECD taxation committee
A Bahamian has been chosen to sit on a key Organisation for Economic Co-Operation and Development (OECD) advisory committee dealing with global tax standards.
Ministry teams for cultural showcase
The Ministry of Tourism and Aviation has teamed with cultural promoters to showcase the Bahamian straw industry and Junkanoo at a prominent south Florida mall.
New digital payment provider bar extended until end-2021
Digital payments providers yesterday forecast "significant growth" for the sector next year as the Central Bank confirmed that the bar on new market entrants will remain in place until end-2021.
American Airlines cancels 12 flights over past month
American Airlines has cancelled 12 flights to The Bahamas over the past 30 days, it confirmed yesterday, but cannot provide details on the number of passengers affected.
Eleuthera rebound ready after firms 'caught hell'
Eleuthera's private sector “caught hell” but is ready to move beyond weekend lockdowns and tight curfews after the Prime Minister announced an easing to the island's COVID-19 restrictions.
Central Bank moves on 'moveable asset' registry
The Central Bank yesterday revealed it is moving forward with plans to enable businesses and individuals to pledge "moveable assets" as security for bank loans and other forms of credit.
Aviation 'cutting edge' targeted for early 2021
A Cabinet minister is aiming to bring a reform package that will keep The Bahamas on aviation's "cutting edge", and improve its global regulatory standing, to Parliament in the 2021 first quarter.
