Central Bank: Tourism rebound will offset impact of global economic crisis

NASSAU, BAHAMAS — Central Bank Governor John Rolle said yesterday that this nation’s strong tourism rebound will likely overpower the impact of forces threatening the global economy. Rolle suggested this trend would continue through the course of 2023 during a press briefing to discuss the regulator’s monthly economic and financial developments report for September He […]

Bahamas Hotel and Tourism Association and BPL execs meet over fuel charge increase concerns

NASSAU, BAHAMAS — Bahamas Hotel and Tourism Association (BHTA) executives met with executives of Bahamas Power & Light (BPL) yesterday to highlight the impact the company’s fuel charge increase will have on tourism stakeholders and also sought to offer recommendations on ways to potentially mitigate the effects of the increase. In a statement following yesterday’s […]

FORECAST: Foreign currency inflows expected to outpace $6 billion pre-pandemic high

NASSAU, BAHAMAS — This nation’s foreign currency inflows over the first months of this year have already exceeded last year’s performance by 40 percent and are projected to outpace the pre-pandemic high of $6 billion back recorded in 2018. Central Bank Governor John Rolle during a press briefing yesterday noted that tourism is still completing its […]

SHAMEFUL: Bermuda trip saga heads to Parliament PAC

NASSAU, BAHAMAS — Opposition Leader Michael Pintard yesterday announced plans to take accusations over the prime minister’s Bermuda trip to the Public Accounts Committee as he outlined alleged constitutional breaches related to the travel. The statement follows comments from Press Secretary Clint Watson last week, who said officials were looking into whether the law had […]

MOFA congratulates Lula on Brazil election win

NASSAU, BAHAMAS — Prime Minister Philip Davis yesterday offered his congratulations to Luiz Inácio Lula da Silva on becoming the new President of Brazil. In a statement, the Ministry of Foreign Affairs said Minister of Foreign Affairs Fred Mitchell also expressed the same via a communication with Brazil’s Ambassador to the Bahamas Claudio Lins. “We […]