NHI: We’ll protect 90% of Bahamians by 2025
The National Health Insurance (NHI) scheme is targeting a rapid expansion that aims to provide “more than 90 percent” of Bahamians with its basic primary care coverage by 2025.
GB Chamber chief's airport deal hopes
Grand Bahama's Chamber of Commerce president says he expects the Government’s purchase of Grand Bahama International Airport could be announced by the month's end.
Minister: Difficult to put limits on social welfare
A Cabinet minister yesterday said it was difficult to place timelines and limits on the Government's COVID-19 social assistance initiatives given the continued uncertainty created by the pandemic.
Govt ‘very close’ on Lucayan re-opening
A Cabinet minister yesterday said the Government is “very close” to deciding when the Grand Lucayan hotel will reopen after it missed the original February 1 timeline set by the resort's Board.
Minister disputes IMF over jobless benefits
A Cabinet minister has disputed assertions by the International Monetary Fund (IMF) that up to 13,500 "informal economy" workers may have been unable to obtain COVID unemployment benefits.
Bahamian excursion firms hit foreign tax 'imbalance'
Bahamian excursion operators are again accusing foreign charter vessels of failing to pay their fair share in taxes and leaving them at a competitive disadvantage.
Sky chief: COVID-19 sickness hit $28m ‘sham loan’ defence
Sky Bahamas’ former principal says he failed to meet the deadline for filing a defence to the $28m “bogus loan conspiracy” claims against him because he contracted COVID-19.
No automatic lending rise via Central Bank ‘shackles’ ease
The Central Bank’s move to lift “the shackles” on lending limits does not necessarily mean borrowers will be able to obtain extra credit, commercial bank chiefs warned yesterday.
‘True extent’ of loan delinquency soon revealed
The Central Bank’s governor yesterday warned that the “true extent” of COVID-19 loan delinquencies will soon reveal itself as the final 8.5 percent of credit balances in deferral exit these arrangements.
Tourism return to pre-COVID peak in 2023
The start of tourism’s revival has been “pushed back” beyond the peak winter season, the Central Bank’s governor warned yesterday, with a return to top performance not expected until 2023.
‘No delusions’ on foreign reserves
The Central Bank has “no delusions” over an external reserves mix that will likely fall below pre-pandemic levels of $1.5bn prior to COVID-19 recovery starting, its governor said yesterday.
GameStop for short sellers?
ActivTrades
IT was March 2010, in the aftermath of, the then, worst financial crisis since the 1930’s, when Michael Lewis, an American author and financial journalist, published his best-selling book The Big Short.
Governor: When will the penny drop?
The Central Bank's governor yesterday said the speed at which Bahamians are redeeming one-cent coins is presently below his expectations with less than $1m worth handed in to-date.
BPC DEMANDS $200K FROM ACTIVIST OPPONENTS
The Bahamas Petroleum Company (BPC) is demanding that environmental activists lodge a $200,000 bond to cover its legal costs associated with defending their Judicial Review action.
RBC OPENS NEW OFFICE AT ALBANY
Royal Bank of Canada (RBC) has moved closer to its high net worth clients by opening an office at Albany to serve such customers.
