News / Global Business

Laundromats await hotel opening boost

Laundromats yesterday described business since the easing of COVID-19 restrictions as slow, with one owner saying the sector was expecting to get a boost from the hotel sector's imminent opening.

Restaurants: Xmas off up to 70% amid COVID ease wait

A Nassau restaurant says its Christmas sales are down 70 percent compared to prior years due to a combination of COVID-19 health restrictions and the pandemic's economic fall-out.

Atlantis: Christmas was 'better than projections'

A senior Atlantis executive yesterday said the resort enjoyed a “better than anticipated" Christmas season and was looking ahead to improving numbers in the 2021 first quarter.

Demand leaves chicken farmer short on supplies

An Abaco poultry farm yesterday said it is “selling out” of chickens as demand has the farm “running out of supplies every month”.

$250m cruise port: ‘We’ll help Long Island flourish’

The proposed $250m Long Island cruise port will handle up to 12,000 persons daily at full build-out, one of its principals revealed yesterday, adding: “Our goal is to help Long Island flourish.”

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IDB visits renewable energy installations

AN Inter-American Development Bank (IDB) delegation has toured solar installations in New Providence and Abaco as part of an $89m project to revamp this nation’s energy sector.

Visitor 'leads' jump 40% for Family Islands duo

A senior tourism official says The Bahamas' digital marketing efforts have generated a 40 percent increase in visitor "leads" for Cat Island and San Salvador hotels this fiscal year.

Commission to gain $10m for protecting FTX assets

The Supreme Court has approved a $10m payment to the Securities Commission to compensate for safeguarding assets belonging to FTX victims in the wake of the crypto exchange’s November 2022 collapse.

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PM and DPM unveil Cat Island Icon sign

The Prime Minister and Chester Cooper, deputy prime minister and minister of tourism, investments and aviation, officially unveiled an Icon sign heralding the beauty and mystique of Cat Island.

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PM’s deficit storm is ‘tempest in tea cup’

The controversy over the Government’s $137.5m April deficit reversal was yesterday branded “a tempest in a tea cup” amid fears it will undermine The Bahamas’ credibility with investors and rating agencies.