NASSAU, BAHAMAS — In observance of the United Nations International Day of Older Persons, the Utilities Regulation and Competition Authority (URCA) will host an interactive webinar on digital skills. The webinar is slated for Thursday, October 1 from 11am to 12.30pm. The theme of this virtual session is “Information and Communications Technology (ICT) Basics for […]

NASSAU, BAHAMAS — Only 30 percent of Value-Added Tax (VAT) registered businesses have signed up for the government’s e-Procurement and Supplier Registry to-date, with Deputy Prime Minister and Minister of Finance K Peter Turnquest describing the procurement platform as a ‘critical’ part of efforts to reform public procurement practices. Turnquest said: “The government has introduced […]

NASSAU, BAHAMAS — With some COVID-19 loan deferral programs coming to an end, the Central Bank has reported that banks are now seeing an uptick in private sector arrears and non-performing loans. The regulator in its Monthly Economic and Financial Developments Report noted that banks’ credit quality indicators weakened during the month of August, led by […]

NASSAU, BAHAMAS — Following the reopening of the country’s borders to international travel on July 1, this nation recorded just over 23,000 visitors for that month, according to the Central Bank. The regulator in its monthly economic and financial developments report for August noted that data provided by the Ministry of Tourism (MOT) showed that […]

NASSAU, BAHAMAS — Government will decide on Tuesday how its unemployment assistance program will be shaped going forward according to Deputy Prime Minister and Minister of Finance K Peter Turnquest. Speaking with Eyewitness News on the matter Turnquest said government was mindful of the fact that thousands of Bahamians remain jobless and in need of […]

NASSAU, BAHAMAS — A well-known environmentalist said yesterday that it is “absolute lunacy” for the government to have given the go-ahead for exploratory oil drilling. Sam Duncombe, reEarth’s president, said: “It is absolute and complete lunacy that the government is continuing to go ahead with this issue. This is absolutely ridiculous and honestly it puts […]

NASSAU, BAHAMAS — The Central Bank has announced it will begin a gradual release a digital version of the Bahamian dollar nationwide on October 20. The Sand Dollar initiative has already been piloted in Exuma and Abaco. According to the Central Bank, four money transmission businesses, three payment service providers and one commercial bank have […]

NASSAU, BAHAMAS — An out-island boutique resort operator is backing calls for the government to do away with the 14-day quarantine requirement when the tourism sector reopens next month. Edwin Mulford, owner of Cat Island’s Pigeon Cay Beach Club, said: “There are some key issues that we have to address and then hope for the […]

NASSAU, BAHAMAS — While The Bahamas faces the immediate imposition of blacklisting by the European Union, Attorney General Carl Bethel said the government, based on its level of financial compliance, has already applied for a re-rating that would result in delisting. The blacklisting was announced in May 2020, but was delayed to October 1. The […]