Hotel room revenue grew by 24 percent NASSAU, BAHAMAS — The Bahamas’ tourism sector maintained its strong growth momentum in the second quarter, supported by gains in the key stopover visitor segment, the Central Bank has reported. In its Quarterly Economic Review for the second quarter of 2019, the Central Bank of The Bahamas noted […]
Mortgage disbursements for new construction repairs drop further 13 percent NASSAU, BAHAMAS – Domestic private sector activity in the residential and commercial construction segments remains “subdued”, according to the Central Bank, with total mortgage disbursements for new construction and repairs dropping a further 13 per cent. In its Quarterly Economic Review for the second quarter […]
Former Cabinet minister says put “politics and egos aside” NASSAU, BAHAMS — The Bahamas should seek the guidance of disaster recovery experts in its post-Hurricane Dorian restoration efforts, according to a former Cabinet minister. Khaalis Rolle, the former investments minister under the Christie administration, now Sterling Global Financial’s senior executive vice-president for business development, said […]
Strengthening storm expected to pass east of the southeastern Bahamas islands NASSAU, BAHAMAS — Although Tropical Storm Jerry is expected to pass east of the southeastern islands of The Bahamas on Sunday, meteorologists continue to advise residents to monitor closely for changes to the strengthening storm, which is projected to develop into a hurricane. “On […]
Murder count reaches 75; 13 murders in 12 days NASSAU, BAHAMAS — A man was shot and killed yesterday while sitting in his car on Bimini Avenue off Market Street, police reported. Shortly before 11 p.m., a gunman walked up to the victim, who was sitting in his vehicle, and shot him before running away. […]
60 percent of Marsh Harbour destroyed by Dorian NASSAU, BAHAMAS — Mobile services are now available at BTC’s Marsh Harbour Airport cellular tower the company has confirmed. According to company CEO, Garry Sinclair, “The Marsh Harbour Airport site was one of our priority areas for this week. Since Sunday we began testing and were able […]
Union pres. says no prior consultation with the union NASSAU, BAHAMAS — Bahamas Public Services Union (BPSU) President Kimsley Ferguson has expressed dismay that the government decided to offer civil servants affected by Hurricane Dorian a two-month salary advance without prior consultation with the union. Speaking to Eyewitness News, Ferguson said, “We won’t be taken […]
Cumulative savings could exceed $7 million over ten years NASSAU, BAHAMAS — The elimination of the Bahamian one cent coin could result in savings exceeding $7 million over ten years, according to the Central Bank, which is proposing that the coin cease to be legal tender effective December 31, 2020. If the one cent coin […]
Company looking to restore GB service to “acceptable levels” within two weeks. NASSAU, BAHAMAS — Bahamas Telecommunications Company (BTC) Chief Executive Officer Garfield “Garry” Sinclair said the company will be focused on concluding more tower sharing arrangements with its mobile competitor Aliv in its post-Dorian restoration efforts. In an interview with Eyewitness News, Sinclair said, […]
Dorian ravaged Abaco and GB, displacing thousands NASSAU, BAHAMAS — The government is extending the value added tax (VAT) filing deadline for those that are still reeling from the deadly impact of Hurricane Dorian. Department of Inland Revenue Acting Controller Gaynell Rolle said yesterday that she has been inundated with calls from concerned businessmen who […]
PM: Dorian is a “near unbearable wound deep in the heart and soul of our country” NASSAU, BAHAMAS — In a somber service at Bahamas Faith Ministers tonight to recognize and mourn those who lost their lives as a result of Hurricane Dorian community leaders, politicians, and members of the clergy sought to imbue a […]
