87.5 F
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83.7 F
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90.9 F
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Bahamas

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Bahamas | Ministry of Finance dismisses concerns over GDP growth, citing ‘encouraging’ medium to long-term growth prospects

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The Ministry of Finance has refuted suggestions that the country’s real GDP growth of 2.6 percent in 2023 signals trouble for the future, asserting...
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Bahamas to host 2025 Routes America Conference

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The Bahamas is gearing up to host the 2025 Routes America Conference, with preparations already in full swing. Chester Cooper, the Deputy Prime Minister and...
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Bahamas to Swell Blue Economy with IDB Support

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The Inter-American Development Bank (IDB) has approved a US$60 million Conditional Credit Line for Investment Projects to foster sustainable development in the Bahamas by stimulating micro,...
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Bahamas | Prime Minister Davis says His Government takes a ‘balanced approach’ under the current budget

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While making his Opening Contribution to the Mid-Year Budget Debate 2023/2024, on March 6, 2024, Prime Minister and Minister of Finance the Hon. Philip...
Economics

Bahamas | Warning issued to property tax defaulters

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Bahamian authorities say they are preparing to execute the power of sale against scores of delinquent accounts whose owners did not take advantage of...
IT Market

Bahamas | Central Bank reports 20 percent expansion in digital wallet usage in 2023

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As of December 2023, the number of digital wallets in use totaled 118,955, marking a 20 percent expansion for the year to date, with...
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Bahamas Govt says country is a safe place after US Travel advisory

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The Bahamas Government says the chain of archipelago remains “a safe and welcoming destination” as it responded to a travel alert by the United...
Economics

Bahamas | Central Bank projects the Bahamian economy to grow in the low two percent range in 2024

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The Central Bank predicts The Bahamas’ economic growth to be in the low two percent range, still moderately above the estimate of the economy’s...
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US judge approves FTX proposal for sale of high-end Bahamian properties

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A Delaware judge has approved the sale of $222 million worth of luxury Bahamian real estate once owned by the collapsed cryptocurrency exchange FTX. Judge...
Economics

Bahamas | Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability

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The Bahamas’ fixed exchange rate policy, pegging the Bahamian dollar one-to-one with the US dollar, has been pivotal in fostering positive outcomes in price...
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