Tag: Nassau Bahamas

November 6, 2020

NASSAU, BAHAMAS — The 6th Annual Long Island Business Outlook (LIBO) will be held on November 12 under the theme, ...

Cashback now available at Super Value with Mobile Assist

November 6, 2020

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NASSAU, BAHAMAS — Shoppers can now pay for groceries and get CashBack at all Super Value locations in New Providence ...

Commonwealth Brewery hit with $3.4 million net loss due to COVID-19 pandemic

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NASSAU, BAHAMAS — Commonwealth Brewery has reported that the overall impact of COVID-19 resulted in a net loss of $3.4 ...

Govt. promises no new taxes, offers range of reductions

DPM: BOB unlikely to be viable option to fill Family Island banking needs

NASSAU, BAHAMAS — Deputy Prime Minister and Minister of Finance K Peter Turnquest said yesterday it is unlikely that Bank ...

Tourism industry to ‘test the market’ in two weeks

D’Aguilar: Tourism sector “carve out” to maintain consistency

NASSAU, BAHAMAS — Tourism Minister Dionisio D’Aguilar said yesterday that while the government may continue to impose restrictions on the ...

DPM says foreign reserves remain healthy at $2.1 bil.

New legislation criminalizes financial schemes

NASSAU, BAHAMAS — Pyramid, Ponzi, and other financial schemes will for the first time be criminalized as “long overdue” legislation ...

Tourism announcement “falls flat” for some industry stakeholders

Taxi drivers hopeful for post-Thanksgiving business rebound

November 4, 2020

NASSAU, BAHAMAS — Bahamas Taxicab Union (BTU) president Wesley Ferguson said that while business levels are currently “nothing to get ...

Bahamasair ordered to stop $75 airfare for evacuations

Bahamasair likely to resume international flights in two weeks, says D’Aguilar

NASSAU, BAHAMAS — Bahamasair is likely to resume service on its international routes in two weeks, according to Tourism Minister ...

Maura: No cruise calls on commercial ports in The Bahamas likely this year

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NASSAU, BAHAMAS — Nassau Cruise Port’s top executive said yesterday that it will likely not be until 2022 that cruise ...

Rolle: Full tourism recovery not expected until 2023

NASSAU, BAHAMAS — Central Bank Governor John Rolle said yesterday the full recovery of the country’s tourism sector is not ...

More ‘upward trajectory’ for Bahamas economy, says Central Bank

Nearly 16 percent of private sector credit remained in deferred status as of September

NASSAU, BAHAMAS — Nearly 16 percent of private sector credit remained in deferred status as of September, according to Central ...

No ‘noticeable’ impact on prices expected from one cent coin elimination

Central Bank Governor: Foreign currency inflows contracted by nearly one third over first nine months

NASSAU, BAHAMAS - The country’s external reserves are currently near $2.3 billion according to the Central Bank, with its data ...

Nassau Cruise Port earns international “Safe Travels” accreditation

D’Aguilar: CDC no sail order lift “small but big step” to cruise revival

NASSAU, BAHAMAS — The US Centre for Disease Control (CDC) has lifted its no sail order on cruise lines, a ...

Private aircraft arrivals in steady decline due to high tax

Bahamas edged out by Turks and Caicos in popularity among American travelers in ranking

NASSAU, BAHAMAS — The Bahamas has been surpassed in popularity by Turks and Caicos as the top destination of choice ...

Port operator records $2 mil. increase in total revenue

Port volume down as much as 30 percent at onset of pandemic

NASSAU, BAHAMAS — Nassau’s main commercial shipping port saw its volume decrease by as much as 30 percent less than ...

Tourism minister projects 70 percent drop in annual visitor arrivals

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NASSAU, BAHAMAS — With the COVID-19 pandemic having a devastating impact on global tourism, the best this nation can expect ...

RBC Finco: Low growth economy driving mortgage challenges and credit losses

RBC looking to open Abaco branch in February 2021

October 31, 2020