Port Authority highlights benefits from mentorship
The Grand Bahama Port Authority (GBPA) highlighted the virtues of mentorship to the licensees and entrepreneurs that attended the launch of MicroMentor’s Virtual Marketplace.
Gov't moves to outlaw major financial frauds
The deputy prime minister yesterday unveiled legal reforms designed to outlaw Ponzi schemes and other common financial frauds that have "plagued unsuspecting Bahamians for generations".
Digital assets legislation to 'expand playing field'
The deputy prime minister yesterday hailed new legislation as "expanding the playing field" for the Bahamian financial services industry into the digital assets and technology space.
Bahamas must 'cooperate' over marijuana legalisation
A prominent advocate for marijuana's legalisation yesterday urged that The Bahamas adopt the "co-operative business model" to facilitate a homegrown industry that has true local ownership.
'Carve out' tourism from future COVID lockdowns
A "jubilant" Cabinet minister yesterday urged that the tourism industry be "carved out" from future COVID-19 lockdowns after Baha Mar confirmed plans to begin a phased re-opening from December 17.
Marina frustration on narrowed test window
The Association of Bahamas Marinas (ABM) president has voiced frustration over the Government's failure to approve on-arrival COVID-19 PCR testing for boaters who miss "the five-day window".
Bahamasair to 'take advantage of crisis' through Mexican route
Bahamasair is aiming to "take advantage of the COVID-19 crisis" to open up more Latin American tourism markets via development of a Mexico City route, its chairman revealed yesterday.
Bahamasair to 'crank up' local services with quarantine end
Bahamasair's chairman yesterday voiced hope it will be able to "crank up" domestic services that are less than one-third of their pre-COVID schedule with the 14-day quarantine's immediate end.'
Arrival COVID test would have 'cost us competitive advantage'
Resorts on some Family Islands had feared "losing a competitive advantage" had the COVID-19 'upon arrival' test remained in place, a senior Ministry of Tourism official revealed yesterday.
Retailers to hit 'point of no return' this week
The Bahamas Federation of Retailers (BFR) yesterday revealed multiple members will reach "the point of no return" and close permanently as early as this week unless curb-side restrictions are lifted.
Complete tourism rebound pushed back until 2023
Tourism's full rebound has been delayed until 2023, the Central Bank's governor predicted yesterday, as he conceded that The Bahamas' recovery from COVID-19 is "further behind than expected".
Deferred bank loans slashed to under $1bn
Just under $1bn of commercial bank credit remained on deferral at end-September 2020, it was revealed yesterday, as new loan applications slumped by almost 60 percent in the 2020 first half.
Minister: 'Element of truth' behind Sandals' concerns
The Bahamas is moving to urgently bring "stability" to its tourism industry, a Cabinet minister said yesterday, agreeing there was "an element of truth" to concerns voiced by Sandals' top executive.
Port chief: Nassau won't see cruise ships till 2021
The cruise lines will resume calling on The Bahamas' major ports in the 2021 first quarter, Nassau Cruise Port's top executive predicted yesterday, while warning: "We won't see anything in 2020."
Port profits off 34% amid signs of grim retail Xmas
Nassau's major commercial shipping port yesterday revealed profits slumped by 34 percent during the three months to end-September as it detected further signs of a grim Christmas for retailers.
