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Business


  • IMF: Baha Mar to spur growth into 2018 and 2019

    Senior economist in the Western Hemisphere Department of the International Monetary Fund (IMF) Jarkko Turunen said yesterday that the paced opening of Baha Mar will likely spur economic growth for The Bahamas into 2018 and 2019. He predicts a moderate one percent growth in the Bahamian economy over ... Read More
  • Bahamas to enter talks with CAPRI on Sustainable Development Goals

    Prime Minister Perry Christie is expected to meet soon with Dr. Damien King, co-executive director of the Caribbean Policy Research Institute (CAPRI), in a bid to induct The Bahamas into the Sustainable Development Goals (SDG) Dashboard, which classifies all participating countries according to the ... Read More
  • Govt crackdown on tax collection to reap $400 million over two years

    In two years, the government is seeking to collect $400 million in revenue by tightening its tax collection system, according to Financial Secretary in the Ministry of Finance Simon Wilson. During the State of the Economy Report 2017 conference at Atlantis resort yesterday, Wilson explained that Th... Read More
  • Financial secretary suggests economy’s projected growth rate is inaccurate

    Financial Secretary in the Ministry of Finance Simon Wilson said he thinks the growth rate projected for the Bahamian economy is inaccurate and suggested that it should be higher than where it currently stands. Wilson’s comments came in response to questions posed by Chartered Accountant Lynden N... Read More
  • FINCO net profit down more than 50 percent

    Net profit for the Finance Corporation of Bahamas Limited (FINCO) decreased by more than 50 percent for the year ending October 31, 2016. Chairman of FINCO Robert Johnson revealed the information in his review of the company’s unaudited results for the period. FINCO, which has the responsibility... Read More
  • IDB study reveals data on social conditions in The Bahamas

    Bahamian women play a key role in the labor force of this country, the highest of 22 Latin American and Caribbean countries studied, according to data in a recent Inter-American Development Bank Group’s (IDB Group) publication. Yesterday, the University of The Bahamas (UB) hosted the launch of ... Read More
  • Breezes Resort & Spa Bahamas wins Expedia award

    On January 30, Breezes Resort & Spa Bahamas received Expedia’s coveted “Top Bahamas Partner of the Year” award in recognition of the hotel’s outstanding performance and partnership throughout 2016. The Expedia event took place at the Nassau Art Gallery of The Bahamas as part of the Carib... Read More
  • 408 enrolled to date in revamped mortgage relief program

    The Christie administration’s revamped mortgage relief program has enrolled 408 out of 1,744 eligible borrowers as of January 2017, as the country’s mortgage delinquencies sit above $600 million. Minister of State for Finance Michael Halkitis revealed yesterday in Parliament that 1,744 borrower... Read More
  • Halkitis: Homeowners bill is not a ‘panacea to the mortgage crisis’

    Minister of State for Finance Michael Halkitis yesterday tabled the amended Homeowners Protection Bill, 2017 in an effort to foster homeowner protection, but admitted that the bill is not a one-stop solution to the Bahamian mortgage crisis. During his contribution to the debate yesterday in the Hou... Read More
  • NCTUB general secretary hits back at chamber chief over ‘attack on labor’

    General Secretary of the National Congress of Trade Unions Bahamas (NCTUB) Zane Lightbourne yesterday accused Edison Sumner, chief executive officer of the Bahamas Chamber of Commerce and Employers Confederation (BCCEC), of launching an “attack on labor”, when he suggested that stricter laws sho... Read More
  • Non-profit setting sail for a successful year

    Bahamas Revisited is staring down a fully booked schedule of trips for 2017, as the non-profit’s founder, Steven Cartwright, puts the winds in his sail for another successful year of philanthropy. The company, which was launched two years ago, has grown by leaps and bounds and has created a new e... Read More



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