Tag: Bahamas news
Central Bank: Tourism sector maintained “strong growth” in Q2
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 […]
Central Bank: Residential and commercial construction activity remains ‘subdued’
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 […]
Resilient Grand Bahamians hurt, but recovering
Russell, 62, awoke to floodwater in his home FREEPORT, GRAND BAHAMA — Standing in front of his debris-strewn property with tools in his hands, Carlton Russell, 62, wiped sweat away from his face before returning beneath the hood of his car, tinkering with the engine that would not start after floodwaters breached the vehicle more […]
Rolle: Bahamas should seek guidance of disaster recovery experts
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 […]
Local fraud expert outlines ways to mitigate crowdfunding ‘relief scams’
Bahamians urged to be mindful of ‘scammers’ hoping to cash in on Dorian devastation. NASSAU, BAHAMAS — While there has been an outpouring of support for The Bahamas in the wake of Hurricane Dorian’s devastation on Abaco and Grand Bahama, a local fraud expert is urging Bahamians and others to be mindful of “fraudsters” and […]
Meteorologists: Keep an eye on Tropical Storm Jerry
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 […]
Man killed on Bimini Ave.
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. […]
BTC restores Marsh Harbour site
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 […]
BPSU calls salary advance announcement “blatant disrespect”
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 […]
Central Bank proposing elimination of 1 cent coin effective Dec. 31, 2020
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 […]
BTC looking to more ‘tower sharing’ deals with Aliv
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, […]
Govt. extending VAT filing deadline
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 […]
