Business

Gas prices plummet amid COVID-19 pandemic

NASSAU, BAHAMAS — Fuel prices at the pumps have now dropped under $4 a gallon in New Providence, with industry... read more »

Business

Insurance Commission awaiting “clarification” on COVID-19 order suspending payments

NASSAU, BAHAMAS- The Insurance Commission of The Bahamas said it expects “clarification” from the government regarding the recent emergency powers... read more »

Business

PM foreshadows generational changes to economy

Minnis signals shift from tourism industry  WHO calls for debt relief from World Bank and IMF NASSAU, BAHAMAS – Prime... read more »

Business

Bahamas Mortgage Corp announces three month loan deferral for mortgagors

NASSAU, BAHAMAS — The Bahamas Mortgage Corporation (BMC) has announced that it will provide a three month loan deferral plan... read more »

Business

Insurers confident for favourable resolution to payments suspension concerns

NASSAU, BAHAMAS — The Bahamian insurance industry expressed confidence over a quick and positive resolution to its concerns regarding the... read more »

Business

Island Luck to pay employees in full for six weeks

NASSAU, BAHAMAS — Island Luck (IL) will pay employees their full salaries for six weeks, according to a statement released... read more »

Poll

Do you agree with the govt. extending the 24-hour curfew for 30 days to prevent the local spread of COVID-19?

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Business

New COVID-19 exemption to allow for domestic money transfers

NASSAU, BAHAMAS — Prime Minister Dr Hubert Minnis has added an exemption to the COVID-19 emergency powers order to allow... read more »

Business

After Dorian, COVID-19 “more than just a double whammy”

NASSAU, BAHAMAS —A well-known Abaco poultry producer yesterday said businesses on Abaco and Grand Bahama have been dealt “more than... read more »

Business

Businesses urged to ‘pay it forward’ for economic recovery

NASSAU, BAHAMAS — The Bahamian economy will be able to bounce back faster from the COVID-19 fallout if the business... read more »

Business

McCartney: Bahamas must progress towards greater efficiency

Situation is ‘daunting” but “we will overcome it” NASSAU, BAHAMAS — The Bahamas must come out of the COVID-19 crisis... read more »

Business

Bahamian tech developer launches professional services App

NASSAU, BAHAMAS — A Bahamian technology solutions provider is gearing up for the launch of a professional services application and... read more »

Business

Nearly $15 million of $20 million small business loan programme requested to-date

616 micro, small and medium sized businesses (MSMEs) have registered NASSAU, BAHAMAS — Nearly $15 million in financial assistance has... read more »

Business

Cooper: COVID-19 social relief not enough, borrowing needed to shore up economy

NASSAU, BAHAMAS — Exuma and Ragged Island MP Chester Cooper yesterday said the government’s social safety net initiatives “is not... read more »

Business

Central Bank projects negative out-turn for domestic economy

NASSAU, BAHAMAS — The Central Bank has predicted that a rise in domestic and external borrowing will be required to... read more »

Business

Chamber confederation encouraged by additional COVID-19 relief measures

NASSAU, BAHAMAS — The Bahamas Chamber of Commerce and Employer’s Confederation (BCCEC) yesterday said it was ‘encouraged’ by the additional... read more »

Business

COVID-19 economic fallout re-ignites calls for natural resources

NASSAU, BAHAMAS — A Bahamian natural resources lobby group believes fallout from the COVID-19 pandemic has highlighted the need for... read more »

Countdown

Countdown to Easter 2020

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Business

British Colonial Hilton makes the call to temporarily lay-off staff

NASSAU, BAHAMAS — The British Colonial Hilton has decided to temporarily lay-off its staff for eight weeks as the COVID-19... read more »

Breaking News

Govt. announces $200 weekly payments for eligible self-employed

Unemployment assistance expanded to self employed persons outside of tourism sector NASSAU, BAHAMAS — Deputy Prime Minister and Minister of... read more »

Breaking News

Govt. to forego $60 mil in revenue over payroll assistance plan

Initiative aimed at protecting up to 10,000 private sector jobs. NASSAU, BAHAMAS — The government in an effort to protect... read more »

Business

GB hotel tourism goes from “10mph to a screeching halt”

NASSAU, BAHAMAS — Grand Bahama’s overnight hotel tourism segment has gone from “10 miles per hour to a screeching halt”... read more »