“We have too many people in this country getting paid for nothing” NASSAU, BAHAMAS — Insufficient productivity is the primary problem plaguing businesses and the wider Bahamian economy, according to one local businessman who asserted that far too often, productive businesses are being “punished” with more taxes. Ethric Bowe, AFS Insurance executive chairman, in an […]
NASSAU, BAHAMAS — Former Cabinet minister Kenneth Russell has officially assumed his post as High Commissioner of the Commonwealth of The Bahamas to Canada, confirmed the Foreign Affairs Minister Darren Henfield yesterday. The former commissioner, Alvin Smith, returned to The Bahamas last year after completing his tour of duty on November 7, 2020. Foreign service officer Chanelle […]
“In any event, rules have to be mandated to restrict physical contact until we reach a degree of herd immunity” Bethel: It’s a question of whether restrictions will continue by way of emergency orders or legislation NASSAU, BAHAMAS — The government has yet to make a decision on what course of action will be taken when […]
The Cove reopens on February 11 NASSAU, BAHAMAS — A “sharp fall” in tourism is expected this month as the world continues to grapple with the global coronavirus pandemic, said Minister of Tourism Dionisio D’Aguilar yesterday. D’Aguilar was responding to questions from the media regarding Atlantis’ announcement that some of its employees will be furloughed […]
NASSAU, BAHAMAS — The Bahamas Department of Meteorology has reissued a severe thunderstorm warning for several islands today. Abaco, Andros, the Berry Islands, New Providence, and their adjacent waters are all under severe weather warnings. Grand Bahama, Exuma, Eleuthera, and their adjacent waters are also under a severe thunderstorm watch. In its latest update, the […]
Country faces health challenges and “dire economic situation” NASSAU, BAHAMAS — Addressing the 73rd session of the World Health Assembly today, Prime Minister Dr Hubert Minnis renewed calls for assistance as The Bahamas faces two “seismic events” that threaten public health and the country’s economy. The prime minister also repeated his call for the international […]
NASSAU, BAHAMAS — The Disaster Reconstruction Authority (DRA) has confirmed the Service of Remembrance for the victims of Hurricane Dorian will take place on Friday at 10am. The service and burial will be led by the Bahamas Christian Council and Abaco Christian Council, according to a press statement. The service will take place at the […]
Minnis signals shift from tourism industry WHO calls for debt relief from World Bank and IMF NASSAU, BAHAMAS – Prime Minister Dr Hubert Minnis yesterday signaled a shift in the country’s reliance on tourism, insisting that worldwide border closures has forced The Bahamas to change how it operates. During a press briefing, the prime minister […]
Caribbean Catastrophe Risk Insurance Facility worth it, says Turnquest NASSAU, BAHAMAS — All contributions received by the Bahamian government to aid Hurricane Dorian relief efforts will be accounted for, Deputy Prime Minister and Minister of Finance K Peter Turnquest said. Speaking outside of the Churchill Building, Turnquest said, “We are pleased with the level of […]
NASSAU, BAHAMAS – Minister of Transport Renward Wells promised jet-ski operators at a town meeting on Monday night that police officers will increase patrols on New Providence beaches to ensure that operators and tourists are safe. The move comes on the heels of a United States travel advisory that was issued back in February 2019, […]
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) […]
NASSAU, BAHAMAS – Following the government’s announcement that Global Ports Holding was chosen as the preferred bidder for the redevelopment of the Nassau Cruise Port, Chief Executive Officer of Arawak Port Development (APD), Michael Maura expressed on Monday that vendors in the Prince George Wharf area should be happy about the redevelopment project. “I would […]
AG: Major step forward for financial services sector NASSAU, BAHAMAS – The Financial Action Task Force (FATF) yesterday re-evaluated The Bahamas’ compliance with its anti-money laundering and counter-terrorist financing requirements and found the country compliant with the majority of its recommendations. The re-evaluation and increased compliance ratings are expected to stave off any sanctions from […]
NASSAU, BAHAMAS – Despite a recent review by the International Monetary Fund (IMF), which commended the government for several key policy initiatives, Gowon Bowe, the Chief Financial Officer at Fidelity Bank said the country still walks a fine line towards a promising economic state. “While it was a relatively upbeat synopsis of the visit, it […]
NASSAU, BAHAMAS – Civil Society Bahamas (CSB) said yesterday that it was grateful for the “good faith” demonstrated by the government as it seeks to revise the Non-Profit Organizations Bill which the Senate delayed debate on to consult stakeholders. CSB met with Attorney General Carl Bethel over the weekend. It said Bethel committed to continue […]
