Marinas slash rates 30% as boating visitors drop
Bahamian marinas were yesterday said to have slashed fee rates by up to 30 percent to maintain boat occupancy levels amid fears of a further squeeze from rising electricity costs.
Gov’t avoids bond markets for third consecutive year
The Government is aiming to avoid the international bond markets for a third successive fiscal year as it bids to raise $360m in foreign currency bank loans to meet its $1.803bn gross financing needs.
Stopover tourist spend rises 25%
Stopover visitor spending throughout The Bahamas has increased by more than $500 or 25.4 percent per person compared to pre-COVID levels, tourism’s top official asserted yesterday.
UK legal heavyweights to decide $357m GBPA fight
Two UK legal heavyweights have been appointed to determine Freeport’s fate in the Government’s $357m dispute with the Grand Bahama Port Authority (GBPA).
Construction ‘strong and healthy’ despite $128m fall in 2023 starts
Construction remains “strong and healthy” despite 2023’s $128m decline in the value of new building starts, a prominent contractor argued yesterday, with cement block demand “outpacing” production.
90 percent demolition done at Royal Beach Club project
Phil Simon, president of the Royal Beach Club, said the project has completed 90 percent of the structure demolition with the process targeted for completion by September.
Bahamasair opens up new route to Jamaica
Dr Kenneth Romer, Director of Aviation announced yesterday Bahamasair will be launching a new route to Montego Bay, Jamaica, on July 25.
Revised air space fees targeted for third quarter
The Bahamas is aiming to implement revised overflight fees in the 2024 third quarter to address the US government’s concerns over the cost, the deputy prime minister revealed yesterday.
DEIDRE BASTIAN: How to deal with entitled employees
Have you ever crossed paths with someone who feels the rules do not apply to them, but expects the best seats, the biggest slice of cake and all the attention? You might be surprised to learn that a few doors or cubicles away may be some co-workers or employees who feel this way.
Reforms ‘critical’ to Bahamas airlines’ ability to access US
The deputy prime minister yesterday unveiled legislative reforms branded as “critical” to maintaining, and expanding, the access Bahamian-owned airlines enjoy to the US market.
Aviation fee hikes threat to ‘competitive advantage’
A senior tourism executive yesterday warned The Bahamas is “eliminating our competitive advantage” every time it raises fees on a private aviation industry that brings in one out of every six stopover visitors.
‘Meat, not potatoes’: Gov’t loses on 75% of used autos
The Government is losing “massive amounts” of revenue on 75 percent of used vehicles imported into The Bahamas, one auto dealer is arguing, as he urged: “Go after the meat, not the potatoes.”
‘Victims of own success’: LPIA needs $200m spend
Nassau’s major airport requires a $200m expansion to support “phenomenal growth” in tourist and passenger traffic, the deputy prime minister revealed yesterday, adding: “We are victims of our own success.”
DPM: Bahamasair’s $24m loss really ‘an investment’
The deputy prime minister yesterday said he views Bahamasair’s multi-million dollar ‘red ink’ as “an investment, not a loss” because of the airline’s importance to tourism and the wider economy.
PM renews action call over climate change
The Prime Minister yesterday said the world must move from awareness to action on combating the growing threat posed by climate change and associated natural disasters.
