Work/study visa to launch October 22
The Bahamas will launch its much-touted work/study visa on October 22 to ensure it is available in time for the November 1 tourism re-opening, it was revealed yesterday.
Money providers given digital B$ assessments
Numerous local money transmission and digital payments providers have been assessed as authorised financial institutions (AFIs) to handle digital Bahamian dollar transactions, it was revealed yesterday.
Bahamas gains 'Safe Travels' designation
The Bahamas has been recognised as a Safe Travels destination by the World Travel and Tourism Council (WTTC) after meeting its enhanced COVID-19 health and safety protocols.
Digital B$ to use three-tier system
Businesses wanting to use the Bahamian digital currency must undergo "the more stringent" Know Your Customer (KYC) due diligence that is required for traditional accounts, it was revealed yesterday.
Business support network touts over 1,000 members
A newly-formed business support network says it has amassed 1,365 members in just over nine months since its 'soft' launch in January 2020.
Financial providers unveil new identity
Bahamian insurance and pension administration providers have unveiled their consolidation under the unified CG Atlantic brand.
Water supplier teams up over bill payment
The New Providence Water Development Company (NPWDCo) has teamed with MobileAssist to provide customers with a convenient and secure bill payment platform via their mobile devices.
Marinas struck by weekend 'havoc'
The Association of Bahamas Marinas (ABM) president yesterday warned this nation cannot afford a repeat of the weekend "havoc" that saw boaters "harassed" and denied entry by government agencies.
IMF slashes Bahamas prospects for rebound
The International Monetary Fund (IMF) yesterday dampened The Bahamas' prospects of a swift rebound from COVID-19 by slashing this nation's projected 2021 economic growth to 4.6 per cent.
Banker: Gov't could have got 'better than 8%'
A prominent Bahamian banker yesterday argued that the Government could have obtained an interest rate "lower than 8 percent" on its $600m bond offering had it unveiled a debt management strategy.
Top BFSB executive 'highly commended'
The Bahamas Financial Services Board's (BFSB) chief executive was presented with the Highly Commended Award in UK-based International Investment's prestigious Woman of The Year category.
Tourism training in online switch
The Ministry of Tourism yesterday said it has transitioned its main training initiative, the BahamaHost programme, to a digital platform in response to the COVID-19 pandemic.
Gov't to tap local investors for remaining $400m funds
The deputy prime minister yesterday said the Government will largely tap the domestic capital markets for the remaining $400m debt financing it requires for the 2020-2021 fiscal year.
Gov't not seeking staff slashes at Bahamasair
The Government has not looked at slashing Bahamasair's 600-strong staff despite the airline's increasing reliance on taxpayers to cover its $3.5m monthly payroll, a Cabinet minister said yesterday.
Minister 'begs for patience' over tourism's re-opening
A Cabinet minister yesterday "begged for patience" from tourism industry stakeholders and workers as he warned that the sector's COVID-19 recovery will be extremely slow.
