Moody’s now expects lower economic rebound for The Bahamas in 2021

NASSAU, BAHAMAS — Moody’s Investors Service said it now expects the country’s economic rebound to be lower this year and GDP growth in 2022 to be higher than previously forecast. The ratings agency in an update yesterday noted that still-depressed tourist flow will hamper this nation’s growth this year. Last summer, Moody’s lowered the country’s […]

AG defends extension of state of emergency

Bethel: Only a little more ways to go before the start of mass vaccination NASSAU, BAHAMAS — Attorney General Carl Bethel yesterday defended the government’s decision to seek an extension of the state of emergency and emergency order until May 23, pointing to the onslaught of COVID-19 variants worldwide. On Monday, Prime Minister Dr Hubert […]

BPC Perseverance Well #1 established as safety zone from ships and planes

NASSAU, BAHAMAS — The government has tabled new regulations to the Petroleum Act, 2016, that establishes the area around the Bahamas Petroleum Company’s (BPC) exploratory oil well near Andros a safety zone and a prohibited area. The Petroleum (Operation of Facilities) (Safety Zone)(Regulations), 2020, which was made on December 24, 2020, establishes a safety zone […]

Govt optimistic about employment in tourism sector

Atlantis optimistic Spring Break will spur reopening of Royal Towers by end of February NASSAU, BAHAMAS — Minister of Labour Dion Foulkes said yesterday he is “very optimistic” about the employment situation in The Bahamas, “especially the touristic sector”. Foulkes was responding to concerns about Atlantis’ latest announcement that it will temporarily furlough some of […]

PM Minnis urges Bahamians to remain vigilant

Govt intends to extend state of emergency until May 23 Minnis: We can see light at the end of the tunnel  NASSAU, BAHAMAS — The government intends to extend the public state of emergency and emergency orders for another four months, Prime Minister Dr Hubert Minnis announced in Parliament yesterday. The prime minister gave notice […]