Cable pledges 'remedy' over Aliv $60m bond
Cable Bahamas' top executive yesterday said itself and the Government will "remedy any challenges" caused by non-compliance with covenants related to $60m in bonds issued on Aliv's behalf.
Arawak port predicts 20% profits plummet
New Providence's major commercial shipping port is projecting a near-20 percent year-over-year profit decline for its current financial year as COVID-19 depresses demand for cargo imports.
Major Bahamas investor defeats 'nuclear weapon'
A Supreme Court judge has rejected a Nassau hotel owner's bid to deploy a "nuclear weapon" against a prominent Bahamian investment house and resort/real estate developer.
'Very little left in tank' for GB private sector
Grand Bahama has "very little left in the tank" after a September 2020 survey revealed almost two-thirds of its businesses are faring "worse or in danger of not surviving" due to COVID-19 and Dorian.
Aviation stunned by 'flip-flop' over domestic travel
Bahamian aviation operators were left stunned last night by the Government's 48-hour "flip-flop" in re-imposing a mandatory 14-day quarantine on all domestic inter-island travel from New Providence.
Tourism to revive Latin America, Asia 'outreach'
A top Ministry of Tourism official yesterday said The Bahamas will resume "outreaches" to Asia and Latin America once borders re-open in a bid to further diversify its tourism base.
Bahamas moving rapidly over Basle III compliance
A top Central Bank official yesterday said The Bahamas was aiming to roll out the “world’s simplest and cheapest” capital adequacy regime in compliance with the Basel III standards.
Atlantis to re-open on December 10
Atlantis yesterday confirmed it will begin its phased re-opening on December 10 via the return of the Royal Towers, The Reef and Harborside timeshare complexes.
Gov't accounting shift eyes 2023 completion
The Government is aiming to complete the shift to accrual-based accounting, and full compliance with global public sector financial reporting standards, by mid-2023, it was revealed yesterday.
Top Finance official denies that Bahamas over-taxed
A top Ministry of Finance official yesterday acknowledged that the Business Licence fee could be transformed into a flat-rate corporate income tax as he refuted arguments this nation is over-taxed.
'More direct' intervention if no rebound by mid-21
The deputy prime minister yesterday indicated the Government will be forced to take "more direct" measures if tourism and foreign exchange inflows do not significantly rebound during the 2021 first half.
Dorian tax exemption 'Xmas present' urged
The Marsh Harbour/Spring City Council’s head yesterday urged the Government to give Dorian-ravaged Abaco and Grand Bahama "a Christmas present" by extending their tax breaks beyond year-end.
COVID relaxation eases 'pressure' on food stores
Food stores yesterday said the return of Saturday shopping and longer opening hours will ease "a lot of the pressure and stress" caused by Friday afternoon crowds trying to beat weekend lockdowns.
BPL's 'Lords of Doom' exposed by dismissal
Members of a Bahamas Power & Light (BPL) employee group known as the "Lords of Doom" were able to smoke marijuana and drink alcohol while on the job at Clifton Pier, it has been revealed.
'We can wage COVID war without lockdowns'
Eleuthera's Chamber of Commerce president yesterday told the Prime Minister "we can wage war against COVID without going to the extreme" of lockdowns, adding: "Every visitor counts."
