BPL pledges ‘post mortem’ on 24-hour Eleuthera woe
Bahamas Power & Light (BPL) last night promised frustrated Eleuthera residents and businesses that it will conduct a “post mortem” after several communities on the island lost electricity supply for over 24 hours.
AML Foods paying $2.5m for Eleuthera acquisition
AML Foods is paying a total $2.5m to acquire a Governor’s Harbour food store in a move that will facilitate its expansion into Eleuthera, its latest financial statements have disclosed.
Newly-opened $12m PI eatery creates 200 jobs
The Deputy Prime Minister has hailed the “exponential impact” from a newly-opened $12m Paradise Island restaurant investment that is set to create around 200 full-time jobs for Bahamians.
Regulator prepared to make ‘variations’ on feared pilot test
The Bahamas’ aviation regulator last night disclosed that while it will “not cancel” an exam that has sparked fears of a pilot shortage it is prepared to make “variations” to ease industry concerns.
Royal Caribbean targeting 13% Bahamas visitor rise
Royal Caribbean is targeting a 13 percent increase in passenger volumes brought to The Bahamas in 2025, it was revealed yesterday, while also aiming for completion of its Beach Club IPO early in the new year.
Liquor merchant slams ‘predatory behaviours’
An independent liquor merchant yesterday complained it is facing “unfair competition” and “predatory behaviour” as a result of having to battle with the retail chains owned by its very suppliers.
Cable: $85m network spend to counter satellite challenge
Cable Bahamas’ multi-million fibre-optic network investment will enable it to face down the competitive threat posed by Elon Musk’s Starlink and rival satellite operators, its top executive asserted yesterday.
Tour operators: Xmas run up is ‘unseasonably slow’
Bahamian tour operators yesterday warned that the period leading up to Christmas has been “unseasonably slow” in the aftermath of the US presidential election and other factors impacting the sector.
Contractors fearing Business Licences renewal ‘nightmare’
Contractors were yesterday said to be bracing for a Business Licence renewal “nightmare” in early 2025 given the industry-specific challenges associated with estimating the upcoming year’s turnover.
Watchdog sounds alarm on ‘missing’ electronic presents
The Bahamas’ consumer watchdog yesterday sounded the alarm over a “number of complaints” that local couriers and freight forwarders are failing to deliver electronic and other goods ordered for Christmas.
Full regulation will ‘double’ construction’s $408m in Q2
The Bahamian Contractors Association’s (BCA) president yesterday asserted that the construction sector can “at least double” the 2024 second quarter’s $408m in total activity if properly regulated.
URCA takes GBPA energy battle to Supreme Court
THE Utilities Regulation and Competition Authority (URCA) has put its battle with the Grand Bahama Port Authority (GBPA) over who has the authority to regulate Freeport’s energy sector before the Supreme Court.
Coral restoration ‘wow factor’ via $1m grant
A pioneering Grand Bahama project yesterday revealed it can now “accelerate” its coral reef restoration work and add “the wow factor” to its eco-tourism product through a $1.03m funding injection.
Spending jumps 20% to triple Gov’ts deficit
A near-20 percent increase in total government spending caused The Bahamas’ fiscal deficit for the 2024-2025 first quarter to triple when compared to the prior Budget year.
Satellite providers in mobile, national security restrictions
Regulators are proposing that satellite communications providers must store Bahamas-generated data in this nation to comply with national security laws given the industry’s “strong interest” in entering this market.
