Multilateral lender unveils $50m Caribbean facility
A multilateral lender says it has approved a $50m financing facility to support climate change adaptation, as well as economic and social infrastructure projects, throughout the Caribbean.
BHTA president steps down after two consecutive terms
Robert Sands last week handed over the Bahamas Hotel and Tourism Association’s (BHTA) presidency to Jackson Weech after serving two consecutive terms.
Unions, business back wage-setting committee
Both trade unions and the business community have backed proposals to establish a ‘wage setting committee’ that will study issues such as the livable and minimum wages.
Exuma resort’s bookings down 12-15% for 2024
An Exuma resort’s bookings for 2024 to-date are down by between 12-15 percent year-over-year as business “dipped quite a bit” during the fall.
‘Dominant player’: Sir William’s sons target Island Pay’s revival
The late Sir William Allen’s sons yesterday confirmed they have taken control of a Bahamian digital payments provider with ambitions to become a “dominant player” and “saturate” the Family Islands in 2025.
Sandals in 100 staff units to ease housing shortage
Sandals executive chairman yesterday revealed it is building an extra 100 rooms to ease Exuma’s housing crisis for staff with the growth of vacation rentals “driving the cost of living through the roof”.
Sandals in 100 staff units to ease housing shortage
Sandals executive chairman yesterday revealed it is building an extra 100 rooms to ease Exuma’s housing crisis for staff with the growth of vacation rentals “driving the cost of living through the roof”.
Cable targets 30,000 ‘reach’ with new network by end ‘25
Cable Bahamas is “aiming to reach” 30,000 subscribers with its new fibre-to-the home network by end-June 2025 while promising shareholders of “continued growth” in profits and earnings per share (EPS).
Atlantis engineer chief loses $347,603 claim
A former senior engineering director for Atlantis has seen his $347,603 claim for wrongful and unfair dismissal comprehensively rejected by the Industrial Tribunal.
Committee to assess ‘livable wage’ merits
The body responsible for addressing all labour-related matters in The Bahamas yesterday said it plans to form a committee to “operationalise a living (livable) wage in the Bahamas”.
DIR: Just 1.3% of Family Island Airbnbs registered
The Department of Inland Revenue (DIR) yesterday asserted that just 1.3 percent, or 502 out of an estimated 38,000 Family Island vacation rental properties, are registered with it.
Family Island president calls for 20-year tourism strategy
The Bahama Out Island Promotion Board’s president yesterday called for the creation of a 20-year plan that will ensure the industry’s sustainability for future generations.
Bank: ‘Dissatisfied businesses’ drive 8% fees growth
Commonwealth Bank says demand from “dissatisfied businesses” sparked its entrance into providing merchant-acquiring services for commercial clients and drove an 8 percent increase in fee income.
‘Way too aggressive’ over Business Licence deadline
Accountants yesterday warned that the March 31 deadline to complete 2025’s Business Licence audits and reviews is “way too aggressive” and will impose “significant strain” on many businesses.
Aviation chief ‘100%’ confident pilot exam controversy solved
The Bahamian aviation regulator’s chairman yesterday voiced “100 percent” optimism that concerns over a controversial exam, which the industry fears will create a pilot shortage, can be solved as early as this week.
