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.
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.
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.
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.
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.
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.
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
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.
Consumers face 15% extra BPL bill charge
Bahamas Power and Light’s (BPL) chairman yesterday revealed that the extra charge consumers must pay come March 2020 will likely be equivalent to 15 percent of their electricity bills.Dr Donovan Moxey finally clarified that the National Utility Inves
NAD revealing vision for better experience
The Nassau Airport Development Company (NAD) is introducing a new vision, branding and special offers from its retail/restaurant tenants to improve traveller experiences at the nation’s largest airport.“When people think of travel, the first thing th
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