Business

Taxicab Union: Who will enforce safety protocols?

NASSAU, BAHAMAS – Bahamas Taxicab Union president Wesley Ferguson yesterday expressed concerns over the enforcement of COVID-19 safety protocols as... read more »

Business

NIB calls for employers to advise on return to work

NASSAU, BAHAMAS — The National Insurance Board (NIB) is advising employers to inform the board when their employees return to... read more »

Business

Bahamasair flight services to resume by demand, says chairman

NASSAU, BAHAMAS —Bahamasair will begin a phased ramp up of its flight services based on demand, according to its chairman... read more »

Business

Tourism industry to ‘test the market’ in two weeks

Officials unveil two-phase reopening for sector NASSAU, BAHAMAS — Tourism industry stakeholders plan to ‘test the market’ and effectiveness of... read more »

Business

Reduce govt. tax on card transactions – says accountant

NASSAU, BAHAMAS – Reducing government taxes on card transactions could help alleviate the high cost related to the usage of... read more »

Business

Hotel unions still in talks over new protocols

NASSAU, BAHAMAS — Bahamas Hotel Catering and Allied Workers Union (BHCAWU) president Darrin Woods said the union remains in discussions... read more »

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Business

Bahamas Development Bank: More than $2 mil. COVID-19 business loans approved

NASSAU, BAHAMAS —The Bahamas Development Bank has approved $2,865,319 in loans and $181,077 in grants to meet the needs of... read more »

Business

Western Air to keep flight schedule

NASSAU, BAHAMAS — A Bahamian airline operator said yesterday that it plans to keep its daily pre-COVID-19 flight schedule when... read more »

Business

Central Bank report: COVID-19 forces 60 percent drop in visitor arrivals in March

NASSAU, BAHAMAS — Total visitors arrivals fell by nearly 60 percent in March as COVID-19 fears brought international travel to... read more »

Business

Commonwealth Bank touts ‘strong capital and liquidity positions’

NASSAU, BAHAMAS — Commonwealth Bank believes that based on its “strong capital and liquidity positions” it has the ability to... read more »

Business

IMF approves $250 mil. disbursement

NASSAU, BAHAMAS — The Executive Board of the International Monetary Fund (IMF) has approved a disbursement of US$250 million to... read more »

Business

Shell files application for base power generation

NASSAU, BAHAMAS — Shell has submitted its application for an Independent Power Provider (IPP) license to Utilities Regulation and Competition... read more »

Business

Pandemic has exposed ‘fragmented’ society, says former culture dir.

NASSAU, BAHAMAS — The COVID-19 pandemic has exposed the level of inequality in the country, according to Bahamian anthropologist and... read more »

Business

Long term fiscal reform critical, says economist

NASSAU, BAHAMAS — With the deficit expected to rise to $1.3 billion in the upcoming fiscal year, the 2020/2021 budget... read more »

Business

Landmark Public Procurement Bill soon up for debate

NASSAU, BAHAMAS — The Government tabled landmark legislation last week that will substantially change how contracts are awarded throughout the... read more »

Business

Duty reduction to ramp up construction sector

NASSAU, BAHAMAS — The government’s decision to reduce duty on all building materials will spur increased purchases with local building... read more »

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Business

Dorian relief extensions hailed ‘huge help’

NASSAU, BAHAMAS — The government’s decision to extend the Special Economic Recovery Zone (Relief Order) 2019 to December has been... read more »

Business

Consultant warns SMEs ‘finished’ without $100 mil. injection

NASSAU, BAHAMAS — At least 40 percent of small and medium sized businesses in the country are ‘finished’, a well-known... read more »

Business

Fishers raise fears over lobster export market

NASSAU, BAHAMAS — With Europe, the country’s major export market for lobster also severely impacted by COVID-19, there is growing... read more »

Business

Budget ‘too silent’ on debt management – says banker

NASSAU, BAHAMAS — The government’s 2020/2021 budget may be “too short focused”, a well known banker has opined, adding that... read more »