BISX celebrates 20th anniversary
The Bahamas International Securities Exchange (BISX) last week celebrated 20 years since it began electronic trading on May 12, 2000, as a “proud day” that signals it has become a key part of the “financial landscape”. Incorporated on September 23,
Storm manufacturers: Phone has not stopped
Manufacturers of hurricane-resistant windows and doors yesterday said “the phone has not stopped ringing” on the first day they were permitted to conduct business following the COVID-19 lockdown. Lilla Smith-Mosby, Bahamas Aluminum Manufacturing Com
Economic Recovery team's dual strategy
The government-appointed Economic Recovery Committee (ERC) says it is focused on a dual strategy as it begins a seven-week public consultation exercise seeking recommendations on ten key sectors.The committee, appointed in the wake of the economic sh
Chamber chief: 'Progress on reopening is occurring'
The Chamber of Commerce’s chief executive has reassured that “progress is being made” on reopening the Bahamian economy despite the outcry over restrictions being left in place on some Family Islands. Jeffrey Beckles acknowledged that more work is n
$250m PI investment 'shakes off' lockdown
Sterling Global Financial’s $250m Hurricane Hole redevelopment is “shaking off” the COVID-19 lockdown with a construction restart that has brought 75 Bahamians back to work.The Paradise Island-based project has resumed with masks and social distancin
Govt urged: End Abaco lockdown
Abaco’s Chamber of Commerce president is urging the prime minister to “revisit” a weekend lockdown that “makes no sense” with Dorian-ravaged residents now racing against time to prepare for the new hurricane season. Ken Hutton told Tribune Business
Warning new loans could be expensive
Fears have been raised that the Government's debt costs may double with any new COVID-19 foreign currency borrowings it undertakes as a result of unfavourable secondary market conditions.
In the bag - Global has port funding
Nassau Cruise Port's top executive yesterday hailed the "monumental achievement" in beating its $130m capital raising target amid the economic turmoil created by the COVID-19 pandemic.
Atlantis chief sees 'light at tunnel end'
Atlantis’s top executive says there is “light at the end of the tunnel” as the Paradise Island mega resort targets the June 15 re-opening of its Royal Towers as the first stage in a phased return. Audrey Oswell, the property’s president and managing
Govt is urged: 'Let Bahamians thrive'
The entrepreneur behind the proposed $2m restoration of Paradise Island’s lighthouse is urging the government to “get out the way and let all Bahamians thrive” in a bid to reboot the economy after COVID-19. Toby Smith, principal of Paradise Island L
Water Corp slashes debt to main supplier by $2m
The Water & Sewerage Corporation reduced the debt owed to its main BISX-listed supplier by almost $2m during April 2020 despite suffering a 61 percent revenue decline for the same month.
Energy reform still untapped resource
Reforms geared towards improving The Bahamas’ energy security are critical to building greater economic resilience and diversification. In the previous Island Insight column, I pointed out that tourism and other services-based industries are not idea
Working from home, the first coronavirus megatrend
The economic fallout from the COVID-19 containment measures is well known, with GDP contracting across the globe at a pace not seen since at least the Second World War. City centres normally effervescent with activity became almost deserted, as did t
Development Bank in digital loan execution
The Bahamas Development Bank says its investment in technology has paid-off by reducing the time taken to process COVID-19 emergency loan applications from small and medium-sized businesses. The state-owned institution, whose Cable Beach and Freepor
Gaming Board appeals '24 redundant' verdict
The Gaming Board is arguing that a Supreme Court judgment makes a key part of the Employment Act irrelevant as it appeals against the reinstatement of 24 dismissed line workers and managerial staff. The regulator, in a May 7, 2020, filing of its “no
