MORE ROOM ON THE AIR: NP could get new stations as URCA issues RFA for radio frequencies

Deadline for applications is August 13 by 3pm Applicants must emphasize previously unmet needs and interests of listeners NASSAU, BAHAMAS — The Utilities Regulation and Competition Authority (URCA) yesterday issued a request for applications (RFA) for an individual spectrum license (ISL) for use of frequency 90.7 MHz or 105.7 MHz to provide FM radio broadcast […]

A BIT MORE TIME: Govt extends landing date of SERZ order for vehicles to end of August

NASSAU, BAHAMAS — The Ministry of Finance yesterday announced that the government has agreed to amend the Special Economic Recovery Zone (SERZ) order to allow for the tax-free provision of eligible vehicles landed in the designated areas before August 31. The Ministry of Finance noted that, consistent with the current SERZ order, this would apply […]

NUMBERS MATTER: One stopover visitor spends as much as 28 cruise visitors, cites IDB report

“Homeporting of cruise lines could help significantly in increasing the amount that cruise visitors spend in the country” NASSAU, BAHAMAS — Homeporting of cruise lines in The Bahamas could significantly increase cruise passenger spend, according to an Inter-American Development Bank (IDB) report that noted it takes 28 cruise visitors to equal the spend of one […]

WSC’s near $20M debt adversely impacting liquidity of Bahamian subsidiary, says Consolidated Water

NASSAU, BAHAMAS — Consolidated Water recently noted that delays in collecting on nearly $20 million in receivables from the Water and Sewerage Corporation (WSC) have adversely impacted the liquidity of its Bahamas subsidiary. The BISX-listed water supplier, in its annual year-end 10-K filing with the US Securities & Exchange Commission (SEC), noted: “CW-Bahamas’ accounts receivable […]

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 […]