Bahamian single women take brunt of COVID-19
Bahamian single women have born the brunt of COVID-19's economic devastation to lead the Caribbean on both job losses and "worsening diet", the Inter-American Development Bank (IDB) has revealed.
Travel relaxation is 'breath of fresh air'
Bahamian aviation operators yesterday hailed then Government's decision to relax COVID-19 inter-island travel restrictions for Christmas as "a breath of fresh air" for the hard-hit sector.
Don't leave Bahamians with oil drilling 'peanuts'
The Bahamian people must get more than the "peanuts and crumbs" if the Government ultimately decides to approve commercial oil exploration, the National Trust's top executive urged yesterday.
Oil explorer fears its major $100m asset 'extinguished'
The Bahamas Petroleum Company (BPC) has warned that its "major $100m asset will be extinguished", thereby threatening its survival, if the Supreme Court halts its oil drilling activities.
Digital campaign boosts retailer's sales by 400%
A Bahamian retailer increased sales by 400 percent through its alliance with an electronic provider who distributed digital coupons to customers via its App.
Canada aids Bahamas on illegal fish poaching
A Cabinet minister yesterday said Canada has promised to help The Bahamas combat illegal fisheries poaching in its waters by monitoring “dark ships from space” via satellite.
AG: New tax for BPC if royalties 'abysmally low'
The attorney general yesterday said the Government could impose a new tax on Bahamas Petroleum Company (BPC) if it declines to renegotiate "abysmally low" royalty rates that are the world's poorest.
'Taxing' to hit $100m Gov't spending cuts
The Ministry of Finance's top official yesterday admitted it will be hard-pressed to achieve the $100m in recurrent spending cuts it is targeting over the next six months, conceding: "It will be very taxing."
Patron winnings tax 'on a game, not Bahamians'
The Ministry of Finance's top official yesterday argued that the imminent web shop patron winnings tax is a levy "on a specific type of game" rather than an attempt to discriminate against Bahamians.
'Payments crisis' not Gov'ts fault
A Caribbean economist yesterday stuck to her forecast that The Bahamas "faces a potential balance of payments crisis" within the next two years but is arguing this will not be the Government's fault.
Loan delinquencies up $92m as tourism arrivals totally dry-up
Mortgage and consumer loan delinquencies soared by $91.8m in two months as tourist arrivals to The Bahamas dropped 98.4 percent year-over-year for October, the Central Bank has revealed.
BPL fuel lock-in to ease extra charge
Bahamas Power & Light's (BPL) chairman yesterday said it has extended fuel cost certainty for all consumers until end-2023 to help ease the extra charge that will be added to their bills in the New Year.
Bahamas avoids 'dire' 26% shrink of its GDP output
The Bahamas has avoided the worst-case scenario of its economy shrinking by 26 percent in 2020 thanks to the global oil price slump and government's policy response, a report has concluded.
‘From strength to strength’ on FATF delisting
THE attorney general has voiced optimism the financial services industry will go “from strength to strength” after The Bahamas’ efforts to shore up its anti-financial crime regime gained global approval.
Oil opponents now seeking 'Xmas miracle'
Environmental activists yesterday admitted they are seeking "a Christmas miracle" as the Bahamas Petroleum Company's (BPC) drilling ship closed in on the location for its first exploratory oil well.
