Inflation enjoys September fall
The Bahamas’ annual inflation rate declined by 0.8 percent for the 12 months to September 2024, it was revealed yesterday, representing a modest easing to the post-COVID cost of living crisis.
BAIC teams with China to aid North Andros farmers
The Bahamas Agricultural and Industrial Corporation (BAIC) has teamed with the People’s Republic of China to supply 15 tool kits to North Andros farmers.
Super Value ‘not getting hopes too high’ for Xmas
Super Value is “not getting our hopes too high” for Christmas sales that are typically up to 10 percent higher than “normal” shopping periods, its president has disclosed.
$8.2m GB Concrete ‘makes some moves’ through block launch
A fledging Grand Bahama concrete plant is aiming to “make some moves” following the December launch of its final phase following a total $8.2m capital investment.
Hotel workers bracing for ‘biggest ever gratuity rise’
Hotel workers are eagerly anticipating the “biggest ever increase in gratuity” payments taking full effect in the New Year, a union chief has revealed, as he urged members to “deliver value for money”.
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.
