BOB takes $6.3m hit over Gov't downgrade
Bank of The Bahamas' was forced by the Moody's 'junk' downgrade of the Government's sovereign creditworthiness to take a $6.3m provisioning hit, its managing director said yesterday.
ART OF GRAPHIX: Capturing the brand message with logos
Your logo is your company's first point of contact with the outside world. If people connect with your branding, the likelihood is they will be more susceptible to what you are offering. If your logo looks amateurish, so will your business.
Work space provider expands to third site
A Bahamian shared work space provider yesterday said it is expanding to its third New Providence location with the launch of its Old Fort Bay facility before 2020 year-end.
Goodman's Bay project eyeing 100 extra hires
A $120m development at Goodman's Bay expects to hire up to 100 additional workers next year despite COVID-19 causing a three-month delay to its construction schedule.
Tourism restart 'more important' than jobless benefits extension
The hotel union's president yesterday said the industry's re-opening, and easing of the 14-day mandatory quarantine, are "more important" to workers than the unemployment benefits extension.
Work space provider targets May opening
A Bahamian shared workspace provider yesterday said it is aiming to exploit the law requiring all businesses to have a physical presence through an office complex that will open by May 2021.
Gov't releasing $45m for extended COVID support
The deputy prime minister last night confirmed the Government will allocate $45m to the continuation of its COVID-19 support initiatives after the move was approved by the Minnis Cabinet.
Ex-governor: Reserves are 'surprisingly strong'
A former Central Bank governor says The Bahamas' critical foreign currency reserves are "surprisingly strong" at a level that is around $1bn higher than he had forecast.
Nassau's COVID rate is cruise line concern
Nassau Cruise Port's top executive has conceded that New Providence's high COVID-19 infection rate is "a material concern" but believes it has established protocols to mitigate any health risks.
'Freeport needs action rather than just talking'
Freeport stakeholders must "stop talking and create a real action plan" that holds all parties accountable for the city's economic revival, the Grand Bahama Chamber of Commerce's chief urged yesterday.
COVID relaxation gives Out Island eateries hope
Family island restaurants yesterday said they are looking forward to the return of indoor dining following the Prime Minister's easing of COVID-19 restrictions.
Tour boat operators: No oil drilling worries
Tour boat charter operators yesterday said they have “no concerns” about oil exploration in Bahamian waters impacting the tourism industry provided regulators ensure the strictest safety protocols.
Gov't urged GB Power to delay new charge
The Government urged the Grand Bahama Power Company and its regulator not to proceed with imposing an additional charge on electricity bills, a minister has confirmed.
Gov't invests $20m in Nassau sidewalks
A Cabinet minister yesterday said the Government has allocated $20m to the construction of New Providence sidewalks in an initiative that has provided work for some "200 contractors".
Almost $150m spent on unemployment benefits
The Government and National Insurance Board (NIB) have to-date collectively spent almost $150m on supporting jobless Bahamians through COVID-19, a Cabinet minister said yesterday.
