All results / Stories
Used car dealer absorbing 50% of price hikes
A Bahamian used car dealer yesterday revealed just 50 percent of the price hikes he has experienced on Japanese vehicles have been passed on to local consumers.
AID’s $1.5m reason for ‘no Christmas stock shortages’
A major Bahamian retailer yesterday pledged there will be “no Christmas inventory shortages” despite ongoing global supply chain disruption, with $1.5m in merchandise due to arrive this month.
Bahamas to foot the bill for Royal couple’s visit
TAXPAYERS will pay fully for the Duke and Duchess of Cambridge’s visit to The Bahamas next week, an official said yesterday.
Construction costs to jump 20% this year
Two ex-Bahamian Contractors Association (BCA) presidents yesterday warned that construction costs will likely increase up to 20 percent this year as cement became the latest product to take a hit.
Pre-COVID output ‘not good enough’
The Central Bank’s governor yesterday warned that returning to pre-COVID economic output “is not enough” as he reaffirmed forecasts that GDP will expand by 8 percent in 2022.
DPM optimistic Hilton’s closure only two months
The deputy prime minister yesterday voiced optimism that downtown Nassau’s British Colonial resort may only be closed for two months until a new brand partner is found to replace Hilton.
Super Value fighting price hikes ‘as long as we can’
Super Value’s president yesterday pledged to hold-off food price increases as long as possible, but reiterated that eight to ten percent rises by Christmas “is not a prediction but a fact”.
Pushed to ‘brink of collapse’ through 40% cost hikes
An ex-Bahamian Contractors Association (BCA) president yesterday said many contractors are “on the brink of collapse” due to fixed-price contracts that exclude the impact of 40 percent cost hikes.
Law compliance fear over BPL fuel costs
Concerns were voiced yesterday that Bahamas Power & Light (BPL) could potentially be violating the law by failing to fully pass its fuel costs on to residential and business consumers.
GROCERY BILL SET TO SOAR: Supermarket boss warns families face 8-10% price hikes
Super Value’s president yesterday warned that consumers will have “a big pill” to swallow by Christmas, as he predicted that grocery and meat prices will increase by eight percent and 10-12 percent respectively.
BOB chief: ‘Formula we don’t really want’
Bank of The Bahamas’ managing director says a shrinking loan book, combined with rising deposits and cash, is “a formula you don’t really want” for sustained long-term profitability.
$700m optimism Bahamas can ‘take oil price pressure’
A “$700m-plus” increase in US dollar purchases from the commercial banks during the 2022 first quarter has given the Central Bank’s governor optimism The Bahamas “can absorb” much of the pressure from high global prices.
Lawrie likes what he sees at nine-hole golf, driving range
AS he glanced over the nine-hole golf and driving range facilities at the Baillou Hills Sporting Complex, Mark Lawrie said the Bahamas Golf Federation has all of the ingredients to being one of the top destinations to visit in the region.
Hands for Hunger ‘was prudent' with food funds
HANDS for Hunger has said it was prudent with public funds it received to feed people receiving assistance through the National Food Distribution Task Force, adding almost all of the operational costs were self-absorbed to ensure the lion’s share of the money it received was spent on food.
Fuel costs up - and so is price of fish and hot cross buns
THE rising cost of fuel coupled with inflationary pricing at grocery stores have sparked price increases among fishermen and bakeries that produce the Easter season favourite - hot cross buns.
Nygard suffers new court defeat
THE United States District Court for the Southern District of New York has dismissed a complaint by Peter Nygard made under the Racketeer Influenced and Corrupt Organisations (RICO) Act in the United States.
‘So much work to do’ on Prospect Ridge
JOBETH Colbey-Davis said that although her team is confident the Davis administration can still proceed with the Prospect Ridge project, the government cannot commit to the cost benefits the Minnis administration promised because so much work is still required on the development, including the production of a master plan, a feasibility study and topography studies.
Teenage boy accused of attacking cop
A 16-YEAR-OLD boy appeared in court yesterday on charges of assaulting a police officer.
Post-Easter tourism is ‘higher than ever’
A top hotelier yesterday said tourism demand for the post-Easter weekend period is “higher than it’s ever been” and “going beyond the traditional ring fencing” that usually marks the peak winter season climax.
Out Island hotels ‘dial up volume’ to offset fuel hike
Out Island resorts are “dialling the volume up” on air fare and fuel credits in a bid to offset the impact of fuel price volatility on airline tickets, a senior executive has revealed, thus enabling them to avoid slashing room rates.
