November 1, 2023
Central bank predicts continued economic growth for The Bahamas
Governor of the Central Bank of the Bahamas (CBB), John Rolle, says the local economy is projected to experience continued growth in 2023, although more moderated. “By 2024, activity could settle closer in line with the economy’s medium-term growth…
October 30, 2023
Shein buys Misguided brand from Mike Ashley firm
Chinese clothing giant Shein is buying the Missguided brand name from Frasers Group a little more than a year after the British firm rescued the business. Frasers announced that it was selling Missguided's intellectual property and trademarks to…
October 26, 2023
Bahamas Opposition Leader to call for a select parliamentary committee to investigate crypto exchange company FTX
Opposition Leader Michael Pintard says the opposition will call for a select parliamentary committee into the collapsed crypto exchange company FTX that is reported to have lost more than eight billion US dollars of its customers’ money. FTX…
October 23, 2023
Billionaires should face a minimum tax rate
Billionaires should face a minimum tax rate, according to a report that found some of the world's mega-wealthy are paying little to no tax. The EU Tax Observatory said most people pay a higher rate than the super-rich, who, it said, are able to use…
October 23, 2023
CDB releases new publication to help member states
The Barbados-based Caribbean Development Bank (CDB) Monday said it is further assisting its borrowing member countries (BMC) strengthen and reform their regulatory frameworks to better facilitate private investments in renewable energy. The region’s…
October 18, 2023
AirAsia boss Tony Fernandes criticised for posting topless photo of himself getting massage during meeting
AirAsia founder Tony Fernandes has been criticized for posting a photo of himself getting a massage during a meeting. Mr Fernandes shared the image on LinkedIn with the caption: "Was a stressful week and Veranita Yosephine suggested a massage. "Got…
October 11, 2023
Regional countries urged to implement EPA article 238
The Bahamas wants regional countries to implement article 238 of the Economic Partnership Agreement (EPA) with the European Union (EU) that would allow for the same trade concession when trading between Caribbean Forum (CARIFORM) countries. Director…
October 9, 2023
Commonwealth launches new handbook to help countries address debt transparency issues
The London-based Commonwealth Secretariat says it has launched a new debt transparency handbook that offers member governments a clear road map to align their public debt operations with international standards. It said that by using the guidelines…
October 5, 2023
US sanctions Chinese firms in crackdown on fentanyl supply chain
The US has announced sanctions on 25 China-based firms and individuals allegedly involved in the production of chemicals used to make fentanyl. Fentanyl, a potent opioid used as a painkiller or sedative, plays a major role in the US drug crisis.…
October 3, 2023
UK defence giant BAE Systems wins £3.95bn submarine contract
Britain's biggest defence firm, BAE Systems, has won a £3.95bn ($4.82bn) contract to build a new generation of submarines as the security pact between the US, UK and Australia moves ahead. In March, the three countries announced details of the…