Foreign LPIA departures fall 11% in tourism drop
Foreign air departures from Nassau’s Lynden Pindling International Airport (LPIA) declined by 11.1 percent year-over-year in October 2024 to signal the extent of the fall stopover tourism slowdown.
BTC ‘firing on all cylinders’ as 5G looms
The Bahamas Telecommunications Company’s (BTC) chief executive yesterday pledged to deliver “more innovation” in 2025 via 5G and improved connectivity, adding: “It feels like we’re firing on all cylinders.”
Chamber chief: ‘I have to believe’ in GB Power plan
The Grand Bahama Chamber of Commerce’s president yesterday said he is expecting businesses to enjoy the traditional “boost in activity” over the Christmas holiday with several already starting their promotions.
Union chief: ‘Promise is comfort to a fool’
A trade union leader yesterday asserted that “a promise is a comfort to a fool” as “nothing in writing” has been received following a “rushed” late November meeting with the Prime Minister.
Bahamian realtor teams for sales drive on three projects
A US realtor’s development division has forged an alliance with a Bahamian counterpart to jointly spearhead the sales and marketing effort for three multi-million property projects in this nation.
New Freeport logistics provider in ‘open house’
A newly-launched Freeport logistics company, specialising in direct shipping from China to The Bahamas, last week held its first-ever open house event for local business owners.
‘Pub on the Mall’s’ re-developer hailed for ‘stepping up to plate’
The Deputy Prime Minister has hailed the entrepreneur behind the restoration and reopening of a Freeport restaurant and bar for “stepping up the plate” and aiding revival of the city’s downtown area.
‘Desperately bleak’: Bahamas faces greatest sea level rise threat ‘by far’
More than half of New Providence and Paradise Island resorts are “vulnerable” to the weakest storms, it was revealed yesterday, with The Bahamas facing “by far” the greatest global threat from sea level rise.
Nygard legacy fails to halt $11.9m Union Wharf sale
A Bahamian attorney’s bid to block the $11.9m sale of downtown Nassau’s Union Wharf property over an alleged debt owed by Peter Nygard has been dismissed by two separate courts.
Governance reformers: Police chief’s ‘bribe call’ not sufficient
Governance reformers yesterday warned the police chief’s call for all persons solicited for bribes to “speak up” is unlikely to succeed unless backed by tough anti-corruption and ‘whistleblower’ protections.
AG: Unchecked climate change to make Bahamas ‘uninhabitable’
The Attorney General yesterday warned that climate change threatens to make The Bahamas “uninhabitable” with this nation projected to lose “nearly 60 percent of its shoreline” to rising seas by mid-century.
Freeport logistics flagship seeking buyer for $5.9m
The flagship property that was intended to signal Freeport’s emergence as a logistics, transhipment and distribution hub has been placed on the market with a $5.9m asking price.
Bahamas’ debt jumps to just below $12bn
The Bahamas’ national debt surged to just below $12bn at end-September 2024 with a corresponding rise in the debt-to-GDP ratio due to a $339m increase over the previous three months.
Strike action unlikely as parties ‘get sober’
Mass industrial action by public sector trade unions is now “very unlikely” after the Prime Minister intervened to help all sides “get sober” and make progress in resolving outstanding grievances.
Water Corp’s losses surge 54% in four years to $35m
The Water & Sewerage Corporation’s operating losses jumped by almost 54 percent to $34.648m during the four years to 2023, it has been revealed, with monies due to third parties now more than half its revenue.
