Canada suspends airline service to all Caribbean destinations until April 30

D’Aguilar: The vaccine is the great hope NASSAU, BAHAMAS — While the latest travel restriction by Canada is expected to impact the country’s tourism, Minister of Tourism Dionisio D’Aguilar said yesterday that that effect was already being felt. Canadian Prime Minister Justin Trudeau has announced that the country will suspend airline service to Mexico and […]

Minister remains tight-lipped on Turner’s transfer

NASSAU, BAHAMAS — Minister of National Security Marvin Dames remained tight-lipped on why former Parliamentary Commissioner Philip Turner was transferred to the Ministry of Youth to become its undersecretary, saying: “That’s not on my radar.” Eyewitness News revealed that Turner, who made recommendations for the government to make the voter’s register continuous ahead of the act […]

Bahamas must be more open to inward investment, says ERC co-chair

NASSAU, BAHAMAS — The Bahamas must be more open to inward investment if it wants to accelerate the pace of its economic recovery, the Economic Recovery Committee Co-Chair suggested yesterday. Acting Financial Secretary Marlon Johnson, who was addressing the Bahamas Institute of Chartered Accountants (BICA) conference yesterday in his capacity as ERC co-chair, noted that […]

Retailers relieved over chance for survival

Small and medium-sized businesses were losing 75 percent of their sales NASSAU, BAHAMAS — Retailers last night expressed relief that they have been “given a chance to survive” by getting the green light to allow customers in their establishments once again. During his national address on Sunday, Prime Minister Dr Hubert Minnis announced that “the […]

Government signs agreement with ITU for national cybersecurity project

NASSAU, BAHAMAS — The government yesterday announced that it has signed a partnership agreement with the International Telecommunications Union (ITU) for a ‘historic’ national cybersecurity project. The ITU is the Information and Communication Technology (ICT) arm of the United Nations. The National Cybersecurity Project will provide technical support to The Bahamas through the assessment of […]

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 Bank Governor John Rolle. Rolle, while delivering remarks on the regulator’s Monthly Economic and Financial Developments (MEFD) for September 2020, noted that there remains an interim focus on encouraging forbearance on delayed repayments of loans […]

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 in the region, a US travel insurance aggregator has found. Travel insurance aggregator Squaremouth has listed Turks and Caicos as the fifth most popular destination overall. It furthered border closures and travel restrictions have drastically […]

Cooper: Don’t sugarcoat economic realities facing the country

NASSAU, BAHAMAS — Progressive Liberal Party (PLP) deputy leader and Opposition finance spokesman yesterday urged the government to be forthright in forecasting its financial needs and not “sugarcoat” the economic realities the country faces. Cooper pointed to recent comments by international credit rating agency Moody’s, which said it expects the government’s gross borrowing requirements will […]