Bahamas urged: Remove bankruptcy burden now
The Bahamas must urgently modernise its centuries' old personal bankruptcy laws to prevent hundreds of persons being marginalised post-COVID-19, a top accountant warned yesterday.
Financial services needs 'swashbuckling' reforms
A Bahamian financial services provider yesterday voiced doubts the Government-appointed Economic Recovery Committee (ERC) will propose the "swashbuckling" reforms needed to revive the sector.
Cable to repay $30m-plus debt
Cable Bahamas yesterday confirmed it has moved into the second stage of its balance sheet restructuring by unveiling the early redemption of $30m-plus in preference shares.
Delayed hotel returns a 'tremendous blow'
Tourism operators yesterday admitted that the sector's proposed October 15 re-opening and value chain have been dealt a “tremendous blow” by major hotels deciding not to re-open.
'Don't get hung up on October hotel return'
A Cabinet minister yesterday urged Bahamians not to get hung up over the October 15 date for the hotel sector's re-opening as the British Colonial Hilton became the latest resort to delay its return.
BOB rejects $31m Miller 'conspiracy'
Bank of The Bahamas is "categorically denying" that it participated in a "malicious conspiracy" against a former Cabinet minister who it alleges had defaulted on some $30.5m owed to it.
Cruise chief: 2021 berth bookings up over pre-COVID
Nassau Cruise Port’s top executive says he remains hopeful the cruise industry may return with "very limited sailings" before year-end with 2021 berth bookings exceeding pre-COVID-19 levels.
ActivTrades: The flights to nowhere
One of the first economic sectors to suffer the full impact of the COVID pandemic was tourism, with aviation being particularly affected.
Water union election integrity 'in question'
The Water & Sewerage Corporation's line staff union must hold a new election after the Supreme Court found "the overall fairness" and integrity of the first leadership ballot was "called into question".
COVID lockdown's $1bn tourism blow
The Bahamas lost around $1bn in tourism earnings at the COVID-19 lockdown's peak as this nation became a "net payer" for travel-related services for likely the first time in its history.
Work visa not planned as true 'needle mover'
The Economic Recovery Committee's co-chair yesterday said the proposed work/study visa was "never intended to be a needle mover" that would replace lost multi-billion tourism earnings.
Gov't staff must understand 'urgency of entrepreneurs'
Government employees must be "made to understand the urgency of entrepreneurs" to obtain essential permits and approvals, a Bahamian businesswoman argued yesterday.
'No major concerns' on Morton Salt sale
Morton Salt workers yesterday said they presently have "no major concerns" over the company's impending sale so long as the buyer honours their industrial agreement and "treats us fairly".
Planning reforms to 'beat developer expectations'
The Town Planning Committee's chair has pledged to "exceed the expectations" of developers in streamlining the approvals process, adding: "Our compass is set on improvement."
Activists voice fears over developer EIA 'loopholes'
Activists yesterday voiced "shock" that newly-tabled regulations to safeguard the Bahamian environment contain multiple "loopholes" that will allow "inappropriate development projects to slip through".
