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Fidelity eyes $21m-$22m profit following ‘overshoot’

A BISX-listed bank is targeting full-year net income of $21m-$22m after its exceeding its budgetary target during the first nine months of 2021, its chief executive revealed yesterday.

Cruise giant in $3,000 annual PI seabed deal

Royal Caribbean Cruise Lines secured a second lease from the Minnis administration allowing it to rent three acres of seabed off Paradise Island for just $3,000 per annum, it can be revealed.

Phones ‘ringing off hook’ for Thanksgiving rooms

Phones are “ringing off the hook” for one Family Island hotel which is already fully booked for the upcoming Thanksgiving holiday weekend, its proprietor said yesterday.

BPL fuel hedge among ‘first issues’ for Board

Bahamas Power & Light’s (BPL) fuel hedging strategy will be continued beyond its June 2022 end, a Cabinet minister promised yesterday, although there may be some adjustments.

‘Rolling with the punches’ over retail make or break

A Bahamas Federation of Retailers co-chair yesterday reiterated that the Christmas shopping season will be “make or break” for many merchants, adding: “We’re just rolling with the punches.”

Gas stations seek margin rise: ‘Our backs are against the wall’

Gas station operators have their “backs against the wall” after returning to 24/7 operations due to the continuing wait for an increase to their price-controlled margins.

FACE TO FACE: A fighter from her first breath Diamond strives to succeed

THE new year tends to bring high hopes and new possibilities, not only for the months ahead but for life in general. For Crystal Moss-Rolle, it was 2001, the new year had just rolled in and she was filled with anticipation for the birth of a baby girl.

Just 72% of vendors back to Straw Market

Just 72 percent of straw vendors are returning to the re-opened Bay Street facility, it was revealed yesterday, representing a 140-person decline from pre-COVID levels.

Wage move ‘soon’

A REASONABLE “workable” wage for Bahamian workers is “coming very soon”, according to Immigration and Labour Minister Keith Bell.

EDITORIAL: Can 150-year Royal Caribbean deal be changed?

IT IS interesting to see the Davis administration leap into action over the Royal Caribbean lease of Crown Land on Paradise Island.

‘Get off sidelines’ on $200m raises

Investors were yesterday urged to “put capital to work” for The Bahamas to escape a post-COVID slump as more than $200m worth of projects prepare to come to market in 2022.

Aliv chief: Mobile market too small for third entrant

Aliv’s top executive yesterday said the Bahamian mobile market is too small to “warrant” licensing a third operator to compete with itself and the Bahamas Telecommunications Company (BTC).

Deputy PM: Ministry committed to maximising Junkanoo Beach's full potential

TOURISM, Investment and Aviation Minister Chester Cooper has pledged to enhance and upgrade infrastructure on Junkanoo Beach.

Port: No tariff increase as income jumps 48%

Nassau’s major commercial shipping port has no plans to increase tariffs “in the near term”, its top executive has affirmed, after operating income increased by $1m in its 2022 first quarter.

Resorts now await Thanksgiving feast

Two Bahamian resorts have provided further evidence of the industry’s post-COVID rebound by disclosing they are “100 percent” occupied, and “beating 2019 numbers”, for Thanksgiving.

PHA launches investigation into complaint after death at PMH

THE Public Hospitals Authority has launched an investigation into a recent complaint that alleged negligence caused the death of a woman being treated at the Princess Margaret Hospital.

‘I’m the man to lead FNM’

WITH one day left until the Free National Movement’s leadership convention, the three contenders vying for the party’s top post are urging party members to turn out in a show of support, all insisting they are the best choice to lead the organisation.

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