NASSAU, BAHAMAS – The Bahamas’ economy continued to experience “upward trajectory” in February as an increase in long-stay visitors underpinned by improvements in the tourism sector, and foreign-led investments projects shored up activity in construction, according to data from The Central Bank of The Bahamas. The latest Central Bank Monthly Economic and Financial Developments (MEFD) […]
LONG ISLAND, BAHAMAS — At a Town Meeting on Thursday, March 28, at the North Long Island High School in Simms, Minister of Tourism and Aviation (MOTA) Dionisio D’Aguilar addressed the Long Island community on plans for a new airport, giving a status report on progress towards this goal. Long Island residents also heard from […]
Amsterdam, The Netherlands – Blue Lagoon Island, Bahamas, home of Dolphin Encounters, has obtained the Travelife Partner award. The award is a recognition for the long-term efforts and frontrunner position of Blue Lagoon Island regarding sustainability and Corporate Social Responsibility. Blue Lagoon Islandcomplies with more than 100 criteria, related to an operators’ office management, product […]
A local businessman has opted to no longer facilitate debit/credit card transactions in his business for cost reasons. Jay Koment, the owner of New Providence Art and Antiques, says for 12 years he felt it was a service he had to offer to better serve his customers, but after a while, it became too much to […]
The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) appointed new board members recently. See full statement from the chamber below: The Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) welcomed to its Board of Directors the following member professionals, whose appointments were effective as of […]
A steep, late-afternoon sell-off in technology companies pulled U.S. stocks sharply lower Tuesday, knocking 344 points off the Dow Jones industrial average. The market slide erased modest gains from earlier in the day and much of a powerful rally from the day before. Banks also weighed on the market as bond yields declined. Investors bid […]
A price hike is pending for foreigners wanting to apply for permanent residency. Minister of Financial Services, Trade & Industry and Immigration, the Hon Brent Symonette, announced at the 15th Annual International Business and Finance Summit yesterday, that foreigners will now have to pay an additional $250,000 to The Bahamas government for homes, which takes […]
Deputy Prime Minister and Minister of Finance, Peter Turnquest said that while The Bahamas ranks high as a well-regulated jurisdiction, it has to improve the ease of doing business in the country for both domestic and international entities if it wants to remain competitive. His comments were made at the International Business Finance Summit presented […]
During his keynote address at the Grand Bahama 20th Annual Business Outlook at Grand Lucayan resort on Thursday, Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest outlined some of the programs and initiatives the government is taking in order to remain transparent in its fiscal policies. One of those initiatives is one […]
The Deputy Prime Minister and Minister of Finance the Hon. Peter Turnquest said the public finances of The Bahamas are in a better place than they were at the mid-point of the last financial year. “The aggregate GFS Deficit for the first six months of the current fiscal year totalled some $198.0 million, down sharply […]
Grand Bahama is one step closer to a $4 billion injection into it’s economy as the Heads of Agreement for Oban Energies Management’s oil refinery is set to be signed today at noon at the Office of the Prime Minister. Estimated to produce 50,000 barrels daily, the oil refinery will be located on the eastern […]
Island Luck gaming company witnessed a 90 percent decline in client withdrawals and deposits since last November when the company took an aggressive approach to crack down on inter- island money transfers. The news comes from the company’s Chief Compliance Officer, Neil Major, who told Eyewitness News yesterday that the majority of the company’s 80,000 […]
Over 400 accountants from the United States, the United Kingdom, Canada and the Caribbean are expected to arrive in Nassau come June for the 36th Institute of Chartered Accountants Caribbean’s (ICAC) Conference of Accountants. The much-anticipated conclave, which is expected to stimulate the Meetings Incentives, Conferences and Events (MICE) aspect of tourism, will be held […]
WASHINGTON (AP) — President Donald Trump is proposing a $4 trillion-plus budget for next year that projects a $1 trillion or so federal deficit and — unlike the plan he released last year — never comes close to promising a balanced federal ledger even after 10 years. And that’s before last week’s $300 billion budget […]
BEIJING (AP) — Global stock markets rose Monday after Wall Street gained following a turbulent week. KEEPING SCORE: In early trading, Frankfurt’s DAX jumped 1.7 percent to 12,318.15 and France’s CAC 40 advanced 1.2 percent. London’s FTSE 100 added 1 percent to 7,166.86. On Friday, the DAX tumbled 1.2 percent, the CAC 40 dropped 1.4 […]
Stumble, fall or crash? Investors may be wondering what to make of the dramatic sell-off in the stock market after months of tranquility. A slide that started early last week led to a sharp dive in markets Friday and Monday. The combined two-day drop represented a 6.3 percent decrease in the Standard & Poor’s 500 […]
By Matt Maura, Bahamas Information Services NASSAU, The Bahamas – The Government of The Bahamas will “respond aggressively” to recommendations made by the Ease of Doing Business Committee in an effort to address the global outlook on ease of doing business in The Bahamas. The ‘Ease of Doing Business’ Committee was appointed last year by Prime […]
