Chamber chief’s fears on Govt’s Mining Bill ‘conflict’
The Andros Chamber of Commerce’s president yesterday voiced concerns over how the new mining law will impact Family Island communities given the seeming conflict of interest on the Government’s part.
Bahamian exporter’s tariff fears more import-focused
One Bahamian exporter yesterday said they are more concerned about the impact Donald Trump’s tariffs will have on the cost of imports to this nation as opposed to the 10 percent levy on their own US exports.
Bahamas ranks below ‘investment grade’ with third credit rating firm
The Bahamas has now failed to achieve ‘investment grade’ status with any of the three major credit rating agencies after Fitch yesterday assigned a ‘BB-’ long-term ranking to this nation.
Appeal overturns PI resort’s site approval
Plans to develop a new resort at the former Paradise Harbour Club location have suffered a setback after the project’s original site plan approval was overturned on appeal.
PM ‘won’t sugarcoat’ peril on Trump tariffs
The Prime Minister last night said he “won’t sugarcoat the dangers we are facing” from increased “inflationary pressures”, a tourism and economic contraction, and reduced exports as a result of US tariff policies.
Shipping giant MSC all set for buy-in to GB Shipyard
Mediterranean Shipping Company (MSC) is “joining” the Grand Bahama Shipyard via a joint venture with the latter’s two existing cruise line shareholders, it was confirmed last night.
Sarkis to CCA: ‘Come to your senses’ over $1.7bn damages
Baha Mar’s original developer is pleading with the project’s Chinese contractor to “come to their senses” and quickly settle the now $1.7bn damages award that was yesterday fully upheld by a New York appeals court.
Moody’s upgrade creates ‘deeper reforms platform’
The Bahamas’ upgraded ‘positive’ outlook from Moody’s “creates a sound platform... for deeper reforms” and a potential buffer against global economic turmoil, a financial analyst argued yesterday.
Foreign artist levy goal for ‘Band Aid’ financing
An entertainers’ union is proposing that a portion of the levies collected by the Government from foreign artists be used to finance its ‘Band Aid’ initiative to assist Bahamian performers with health needs.
Story on Bahamas Striping contract ‘doesn’t add up’
The Government’s explanation for why the Prime Minister intervened to place a $183m west Grand Bahama roadworks contract on hold “doesn’t cut the mustard”, the Opposition’s chairman argued yesterday.
Hotelier urges ‘intervention’ over $1.5m China ship fee
A senior Bahamian hotelier is urging “government intervention” to prevent soaring food, beverage and other input costs that will result from US plans to impose up to $1.5m port call fees on Chinese-made ships.
Bahamas rating upgrade will be no ‘fait accompli’
The Bahamas must make sure it fully “executes” and does not treat the prospect of a credit rating upgrade by Moody’s as “a fait accompli”, a senior banker warned last night.
Govt hails first ‘positive’ rating outlook in 17 years
The Government last night hailed the first positive outlook for The Bahamas’ creditworthiness in more than 17 years as a sign that the country is “regaining its financial footing” amid global economic turmoil.
Fears of 2008-2009 repeat ‘might be jumping the gun’
Bahamian realtors yesterday argued that fears of a 2008-2009 recession repeat due to Donald Trump’s tariff policies “might be jumping the gun” given this nation’s economy is in a much stronger position now.
Consumer watchdog gets no Creators Alliance complaints
The Consumer Protection Commission’s chairman yesterday said that - while the agency has received inquiries - there have been no formal complaints about a venture with “hallmarks of a pyramid scheme”.
