External reserves decline to just under $1 billion in November

NASSAU, BAHAMAS — The country’s external reserves declined in November to just under $3 billion, according to the Central Bank, which has also revealed that foreign currency outflows declined by nearly $60 million. The regulator in its Monthly Economic and Financial Developments Report for November noted that external reserves declined by $116.2 million to $2.9 […]

NEW REPORT: Credit card spending up nearly 60 percent, digital currencies threefold during pandemic

NASSAU, BAHAMAS — Credit card spending in The Bahamas increased nearly 60 percent during the height of the COVID-19 pandemic, while the use of digital currencies increased threefold during the same period. The findings were reported in a new growth and recovery report produced by the Oxford Business Group with RBC Royal Bank Bahamas, which explores […]

WORKFORCE READY: Labour director reveals plans to target senior high schoolers

NASSAU, BAHAMAS — Labour Director Robert Farquharson said yesterday that the department will soon direct its Labour on the Blocks initiative towards high school leavers. Farquharson told Eyewitness News that one of the biggest complaints from employers is that too many of them are not prepared to enter the workforce. He underscored the Labour on […]

Bahamian software development company builds custom payroll system for CBS Bahamas

NASSAU, BAHAMAS — CBS Bahamas has become the most recent enterprise to onboard its human resources and payroll processes to TriblockHR, a customizable platform designed by Bahamian software development firm Plato Alpha. TriblockHR, launched in 2021, uniquely meets the needs of organizations operating in The Bahamas by streamlining payroll, performance, and time management systems. “As […]

BRACE YOURSELVES: Economist warns over IMF’s “gloomy” projections on inflation

NASSAU, BAHAMAS — With the International Monetary Fund (IMF) now predicting that inflation this year will hit 9.5 percent in emerging markets and developing economies like The Bahamas, consumers should be concerned over “skyrocketing” food and gas prices and seeing their purchasing power diminish even further, a governance reformer has warned. The IMF’s projections in […]

UNFAIR AND UNJUST: Nat’l Sec. minister says COVID convictions barred some from employment

NASSAU, BAHAMAS — National Security Minister Wayne Munroe yesterday said that there have been numerous applications from persons seeking to have convictions for offenses under the Emergency Powers COVID-19 lockdown orders removed from their records as it is prohibiting them from securing employment. Munroe described the situation as “unfair” and “unjust” as he led debate […]

Visitor allegedly raped in western NP

NASSAU, BAHAMAS — Police are appealing to the public to exercise vigilance when meeting strangers online after a woman was allegedly raped in western New Providence. The victim was reportedly visiting The Bahamas when she connected with a man she met on social media some time around 7pm on Tuesday. In a statement, Chief Superintendent […]

Former PM accuses Munroe of prejudicing Colebey-Davis investigation

NASSAU, BAHAMAS — Former Prime Minister Dr Hubert Minnis has accused National Security Minister Wayne Munroe of prejudicing the investigation into an alleged altercation between Transport and Housing minister Jobeth Colebey-Davis and a police officer in May.  Minnis, who made his comments in the House of Assembly yesterday, was speaking after Munroe told Eyewitness News […]

UNLAWFUL: Pintard says Davis administration broke the law over pleasure vessels duty removal

NASSAU, BAHAMAS — Free National Movement (FNM) Leader Michael Pintard has accused the Davis administration of breaking the law over its decision to eliminate customs duties on pleasure vessels outside of parliamentary approval. The change was not reflected in the recent budget exercise. However, Financial Secretary Simon Wilson, in a letter dated June 23rd, 2022, told […]

500,000 health workers to receive training under new joint initiative from PAHO and the United States 

LOS ANGELES — The Pan American Health Organization (PAHO) has today welcomed the United States’ announcement of the launch of Americas Health Corps – Fuerza de Salud de las Americas, a joint US/PAHO initiative to train 500,000 public healthCARE workers throughout the region over the next five years. Americas Health Corps, which forms part of the Action Plan on Health and Resilience in the Americas aims to help the […]

SAFETY NET: Allocation for social Services assistance increases over pre-pandemic levels

NASSAU, BAHAMAS — While social services assistance is expected to increase by 50 percent over pre-pandemic level of assistance, the over budget for the Department of Social Services will decrease by some 40 percent in the upcoming fiscal period. The drop largely reflects the decreased need for social services assistance which was inflated during the […]

“OUR BEST PRAYER”: CPSA pres. says PCR test would be ideal at borders, but no longer a simple fix

NASSAU, BAHAMAS — Consultant Physician Staff Association (CPSA) President Sabriquet Pinder-Butler said yesterday that while the association would consider RT-PCR COVID-19 testing at the borders an “ideal” solution amid another wave of infections, there is no simple fix at this stage with the public wanting additional freedoms, and the need to balance health and the […]