Settlement offered on Balmoral condo-hotel
Homeowners in a high-end western New Providence gated community have 14 days in which to accept a “settlement” offer over plans to develop a $25m condo hotel within its grounds.
DPM targets hotel room doubling to drive growth
The deputy prime minister yesterday reaffirmed his ambition to double The Bahamas’ hotel room inventory to 30,000 within seven years and overcome capacity woes that are “constraining growth”.
Methods to promote sustainable tourism
Sustainable development for a tourism-dependent nation such as The Bahamas requires that we focus attention on environmental, socio-cultural and economic stewardship.
Contractor overturns $520k ruling despite admitting work ‘breaches’
A Bahamian contractor has successfully overturned a $520,000 default judgment despite admitting he “breached the agreement to complete certain works” at a high-end West Bay Street property.
AML slashes energy costs 50% in latest solar switch
AML Foods says its latest store converted to solar has slashed energy costs by up to 50 percent as it warned that continued cost pressures will challenge the food distribution sector’s “long-term viability”
‘Casino’ part of $200m Walker’s Cay expansion
Walker’s Cay is set to undergo a $200m phase two expansion set to provide jobs for over 300 Bahamians, it was revealed yesterday, with “a Monte Carlo-style casino” among the latest attractions.
$177m HOA signed for Treasure Cay development
The proposed $177m revival of Abaco’s Treasure Cay development was yesterday hailed as a “win-win all the way around” and greeted with shouts of “hallelujah” by the island’s Chamber president.
Gas dealers to protest as Parliament returns
Bahamian petroleum retailers will be on Bay Street to protest the Government’s “unconscionable” failure to approve a margin increase vital to their survival when Parliament resumes next Wednesday.
Hospital’s ‘cutting edge’ growth set to enhance medical tourism
No objections were raised at Monday night’s public consultation to Lyford Cay Hospital’s proposed expansion through the addition of services “that are a bit more cutting edge”.
Cat Island water deal part of $190m investment plan
The Prime Minister yesterday said a $7m deal with a BISX-listed firm for two new Cat Island reverse osmosis plants is part of a wider $190m investment in nationwide water and sanitation infrastructure.
Royal Caribbean to start PI construction this week
Construction of Royal Caribbean’s $100m Paradise Island beach club should begin this week, it was revealed yesterday, with 95 percent of site preparation and demolition now complete.
BTC middle managers gain 10% base pay rise
Middle managers at the Bahamas Telecommunications Company (BTC) yesterday signed an “historic” industrial deal that includes a 10 percent base pay increase over its four-year term.
Resort developer eyes ‘long haul’ tripling to six
A Bahamian resort entrepreneur yesterday revealed plans to triple his boutique network to “five and six in the long haul” amid hopes that imminent airport upgrades will make “one plus one equal three”.
Royal Caribbean PI IPO pushed back into 2025
The opportunity for Bahamian investors to acquire an ownership interest in Royal Caribbean’s $110m Paradise Island project has been pushed back to early 2025, it was revealed yesterday.
‘Cart before the horse’ over $377m FTX Bahamas fight
FTX’s Bahamas liquidators yesterday accused a failed crypto bank’s administrator of “putting the cart before the horse” in an escalating legal battle over a $377.419m claim against the collapsed exchange.
