News / Global Business

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.

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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.

$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.”

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”.

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.

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.

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.

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Club Med closure a 'unique situation'

A Cabinet minister yesterday said Club Med's decision to close its San Salvador property until December 2021 is not indicative of the COVID-19 re-opening prospects for other Family Island resorts.

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Central Bank chief: Fiscal 'discipline' key after COVID

The Central Bank’s governor yesterday warned that the government must reimpose fiscal discipline once the COVID-19 crisis has passed so it can continue to access the debt markets. John Rolle, during a webinar hosted by the Ministry of Finance, said

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Govt sought near $1bn for Dorian reconstruction

The government’s post-Dorian reconstruction ‘wish list’ sought almost $1bn in financing to address multiple housing, infrastructure and public services needs extending beyond Abaco and Grand Bahama.