Business

Realtors say Bahamas real estate market on upswing

Realtors, Scotiabank agree it’s a good time to buy NASSAU, BAHAMAS — With the Bahamian real estate market in recovery... read more »

Business

MONUMENTAL LOSSES: WSC registers 30 percent revenue drop last year

Chairman boasts no customer has been disconnected despite losses NASSAU, BAHAMAS — The Water and Sewerage Corporation (WSC) suffered a... read more »

Business

FINTECH MILESTONE: Kanoo becomes first AFI with Sand Dollar digital currency interoperability

NASSAU, BAHAMAS — Five months after the Central Bank of The Bahamas officially launched the Sand Dollar, local authorized financial... read more »

Business

Govt revenue boost expected with launch of digital payment solution for charter fees

Ease of doing business reform to enhance compliance and enforcement of 4 percent charter fee requirement NASSAU, BAHAMAS — The... read more »

Business

GraceKennedy Money Services opens new location on Exuma

EXUMA, BAHAMAS — As one bank shuttered its brick-and-mortar operations on Exuma, a money transfer service opened shop over the... read more »

Business

Virgill-Rolle commences work as new Lyford Cay Foundations executive director

NASSAU, BAHAMAS — Lyford Cay Foundations today announced that Dr Nicola Virgill-Rolle commenced her tenure as executive director on Monday,... read more »

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Business

STICKY FINGERS: Major retailer bemoans dramatic increase in shoplifting

Plastics ban leading to security concerns, says AID head NASSAU, BAHAMAS — A major Bahamian retailer said yesterday it has... read more »

Business

STILL IN THE TRENCHES: Taxi drivers demonstrate again; threaten to “vote them out” if govt does not fulfill promises

“They just keep kicking the can down the road and use COVID as an excuse” NASSAU, BAHAMAS — Taxi drivers... read more »

Business

Bahamas has highest on-time VAT filing rates in the region, IDB study reveals

NASSAU, BAHAMAS — The Bahamas has the highest on-time filing rates for value-added tax (VAT) in the region, a new... read more »

Business

Fiscal Responsibility Act could benefit from improvements, IDB senior consultant suggests

NASSAU, BAHAMAS — While the Fiscal Responsibility Act (FRA) represents a “major step” towards strengthening this nation’s fiscal framework, it... read more »

Business

EBBS AND FLOWS: D’Aguilar says expect fluctuation in hotel sector until tourism rebound

NASSAU, BAHAMAS — Tourism Minister Dionisio D’Aguilar yesterday acknowledged there will be “ebbs and flows” in the hotel sector as... read more »

Business

“MORAL HAZARD”: Economist warns against govt’s real property tax forgiveness programme

Bowe: Don’t reward delinquency Financial secretary insists govt has been trying to collect arrears NASSAU, BAHAMAS — A leading accountant... read more »

Business

Central Bank confirms three additional authorized financial institutions for Bahamian digital currency

NASSAU, BAHAMAS — The Central Bank has confirmed that three additional financial institutions have been authorized to distribute the Sand... read more »

Business

GOLDEN LINING: Tourism minister notes high-end tourist market thriving despite pandemic

NASSAU, BAHAMAS — Tourism Minister Dionisio D’Aguilar said today that despite the impact of the pandemic on global tourism and... read more »

Business

ON THE DECLINE: Tourism numbers still trending down, Central Bank reports

NASSAU, BAHAMAS — The Bahamas saw total foreign arrivals last year drop by just over 75 percent, according to the... read more »

Business

WATER UNDER THE BRIDGE: Govt plans to forgive up to 50 percent of real property tax arrears

Prime minister urges Bahamians to take advantage of tax forgiveness programme  NASSAU, BAHAMAS — The government is providing Bahamian property... read more »

Business

Central Bank: Private sector arrears up $12M in January

Only “marginal” economic growth projected for 2021 NASSAU, BAHAMAS — Total private sector arrears rose by just over $12 million... read more »

Business

Doctor’s Hospital sees revenue rebound driven by focus on COVID support

Hospital provides over 150,000 COVID-19 tests over the past 12 months, more than 90,000 of which were rapid antigen tests... read more »

Business

Cooper: Country’s debt problem needs to be addressed

NASSAU, BAHAMAS — The Bahamas must seriously address the country’s debt problem and be restored to a path of sustainable... read more »

Business

HOUSING ON THE HORIZON: Minnis promises more low-cost serviced lots to come

NASSAU, BAHAMAS — Prime Minister Dr Hubert Minnis today announced that through a public-private partnership (PPP) arrangement, the government will... read more »