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Nassau/PI selects new UK marketing partner
The Nassau Paradise Island Promotion Board (NPIPB) has selected a new marketing partner to represent the destination to the UK travel industry.
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Gov’t boost from moody’s $44m deficit miss forecast
MOODY'S has given the Government’s fiscal consolidation campaign a major boost by predicting that this year’s fiscal deficit will only narrowly overshoot its target by $44m.
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Commonwealth hails $63.5m profit amid 91% claw back fall
COMMONWEALTH Bank yesterday hailed its “second most profitable” year-ever through $63.5m in net income that was generated despite a near-91 percent drop on COVID loss provision write-backs.
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Gov't to investigate industrial odours in GB
Prime Minister Philip Davis said his administration is concerned about nuisance odours from the industrial park that are impacting nearby residential communities in Grand Bahama.
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Ex-civil service union boss: I urged pension reform two decades ago
A FORMER union leader says he recommended that civil service pensions be made contributory almost two decades ago as financial analysts warned “it’s all coming home to roost” over a forecast $3.5bn hole.
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Resort proprietor targets 60 jobs in two-hotel expansion
A Bahamian resort entrepreneur is aiming to double his total workforce by 60 jobs through the launch of two new boutique properties by year-end 2026.
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‘Public protest’ not enough to overturn planning approvals
PLANNING authorities yesterday modified the approvals granted to Wynn Development’s 14-storey Goodman’s Bay penthouse while ruling that “public protest” is not sufficient to overturn prior decisions.
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School breakfast programme expanded to five more schools
MORE than 2,000 students will receive free meals with the expansion of the National School Breakfast Pilot Programme in five more schools, according to Education Minister Glenys Hanna-Martin.
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DPM: ‘Cracks’ showing in Briland’s tourism product
The deputy prime minister has raised the alarm that “cracks” are appearing in Harbour Island’s tourism product, as he warned: “Unless we manage the paradise we have we stand the risk of losing it.”
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Freeport real estate sees 25% surge before market ‘explodes’
Freeport property sales and rentals were yesterday said to have increased by 25 percent in recent months as buyers seek to enter the market before it “explodes” from $2bn worth of investment projects.
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Residents voice objections to new PI resort proposal
RESIDENTS last night argued that plans to transform the former Paradise Harbour Club site into a seven-storey hotel represent an “overdevelopment” that will impact quality of life and devalue their properties.
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Fund manager to be ‘little more defensive’
A Bahamian investment bank plans to be “a little more defensive” in 2024 with its stock picks as it targets close to $20m annual asset growth in its main equities investment fund.
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COP warns residents to remain vigilant over armed robberies
POLICE Commissioner Clayton Fernander urged residents to stay vigilant and heed warnings to remain safe, following three armed robberies this week.
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Bank’s Out Island sites ‘a philanthropic service’
Bank of The Bahamas’ top executive yesterday described its Family Island presence as an act of “philanthropy” amid complaints that woes at its branch have left south Eleuthera in “a dire situation”.
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Ex-mp still free over $3m ‘life-altering’ money battle
A FORMER MP and ex-Supreme Court judge was yesterday said to remain free almost two months after police issued a ‘wanted poster’ for him over allegations he has failed to repay an investor more than $3m.
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FOCOL targets wide growth in ‘preparing for the next 50 years’
FOCOL Holdings’ top executive last night said it is targeting growth “in every sector of our business”, including gas stations and electricity generation, and added: “We’re preparing for the next 50 years.”
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‘Mind-boggling’ timing over Gov’ts $357m GBPA claim
A FREEPORT attorney yesterday asserted it was “mind-boggling” that the Government should again “throw darts” at the Grand Bahama Port Authority (GBPA) given the island’s $2bn investment pipeline.
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Church owns 60 properties but ‘can’t pay’ $776k award
A Freeport church asserted it would be “totally compromised” if its bank deposits were seized to satisfy a $776,000 judgment despite owning a 60-strong, mortgage-free real estate portfolio.
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Wildfire in Andros last week mostly contained
FIREFIGHTERS in North Andros are keeping a close watch on a large forest fire that erupted on the island last week, producing large plumes of thick, black smoke over surrounding communities.
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Field athletes take home 23 out of 33 medals
OVER the last few years, the field events have garnered lots of attention as Bahamian athletes have risen to the occasion time and time again at all levels and, at the 51st CARIFTA Games in St George’s, Grenada, the field athletes delivered in a big way.
