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.
Friday a 'hot mess' for funeral industry
The Bahamas Funeral Directors Association's (BFDA) president yesterday branded last Friday a "hot mess" after the latest COVID-19 restrictions forced families to rush forward their loved one's burial.
Dundas pop-up market back after licence woe
The TinFerl Pop-up market is “back now” and planning to re-open tomorrow after vendors began working to obtain the necessary licences that will allow them to operate from the Dundas.
Compass Point owner ‘torn’ over 2020 close
COMPASS Point’s owner has warned staff he is torn over whether to close the resort “permanently” by year-end 2020 due to his ongoing stand-off with the government and COVID-19’s fall-out.
Lockdowns ‘behind us’ for November 1
A CABINET minister has voiced optimism that New Providence will have “put these lockdowns behind us” in time for tourism’s planned return on November 1 with the 14-day quarantine elimination.
Bahamas pays high price over $600m offering
THE Bahamas and its taxpayers have paid a higher price “than we would like” in raising $600m from overseas investors to fill the government’s financial holes, the deputy prime minister has conceded.
‘Material impact’: COVID-19 curbs delay cruise port
NASSAU Cruise Port’s top executive is urging the government to establish COVID-19 policies for essential personnel as existing restrictions create “a material impact” on its $250m redevelopment project.
The American Presidential election and the financial markets
ActivTrades
The northern hemisphere summer is over, but the political temperature is still rising. We are just 3 weeks away from the American Presidential election of November 3, when US voters will decide who’s to govern the country over the following 4 years, with ballots also being cast for Senate and Congress representatives.
Lockdown easing is 'great relief' on Abaco
Abaco's Chamber of Commerce president hailed yesterday's further easing of lockdown restrictions as "a great relief" in the island's battle to recover from the twin ravages of Dorian and COVID-19.
Fishermen confirm that crawfish prices 'holding'
Crawfish prices have held with no major depression, a Cabinet minister has said, confounding the expectations of fishermen who believed COVID-19 would produce a major margin decline.
