Young professional appointed Family Office CEO
A local investment management and real estate development firm appoints a new chief executive officer.
National debt reaches $8.24bn
The Ministry of Finance has revealed that the national debt has ballooned to $8.24bn for the fiscal year 2019/2020 in its fourth quarter fiscal snapshot. This places government debt at 68.4 percent of GDP, up from $7.527bn in fiscal year 2018/2019.
Fiscal deficit soars 259%
The government’s deficit widened by 259 percent from last year’s $788m, the Ministry of Finance has revealed.
Jitney’s to resume today following protest
A public transportation stakeholder is excited to be “back in swing” as jitneys will be allowed to operate with limited capacity today after the second COVID-19 related shutdown in six months.
Hayward family vow commitment
The family of the late Sir Jack Hayward insist a new legal fight over fees owed to them from their father’s estate will not impact their commitment to the Grand Bahama Port Authority.
Potter’s cay vendors in lackluster return
Two thirds of the Potter’s Cay vendors are not coming back to work today, citing serious financial challenges.
$30m spent on Dorian clean-up
Despite the challenges on Dorian stricken Abaco and Grand Bahama, more than $30m has been spent on clean up says the Disaster Reconstruction Authority (DRA) managing director.
BPL told to get it together
A Chamber director has called on Bahamas Power & Light to “get it together” over power outages after the latest blackout affecting the eastern part of New Providence.
Bills rack up but gyms stay closed
One gym owner has racked up expenses totalling $50,000 that are due in September as he laments his sector not being allowed to reopen on August 31.
Dorian donations just $1.14m so far
Over $250m in fundraising for Hurricane Dorian reconstruction is still awaiting to be confirmed with the Disaster Reconstruction Authority only receiving $1.14m to date.
Hair industry asks 'Why leave us out?'
It’s “egregious” that hair salons and barbers were left out of the August 31 reopening plan and they want to know why.
Moody's: GDP down by a fifth
Moody’s expects a 22 percent contraction in GDP in 2020, citing high unemployment and a near tourism collapse in 2020.
Two-year risk to nation's credit
Downside risk to the country’s credit profile will remain for the next two years, ratings agency Moody’s warns as it keeps the country’s sovereign credit rating to Ba2 with a negative outlook.
Sharp rise in households with income below minimum wage
THE number of households reporting an income below the minimum wage in April nearly trebled, according to an Inter-American Development Bank (IADB) report.
700 Wines & Spirits brings back curbside
A major retail liquor store chain will be ready to operate curbside as commercial activity restarts on August 31.
