Royal Caribbean: ‘We’re exploring future projects’
Royal Caribbean Cruise Lines yesterday confirmed it “continues to explore future projects” with its interest in acquiring Freeport’s Xanadu hotel hailed as a move that can attract other investors.
Climate change loss fund couldn’t even cover Dorian
A Bahamian environmental advocate yesterday said there is “no way” that the $700m pledged thus far to the climate change ‘loss and damage’ fund is sufficient to even cover this nation’s needs.
Central Bank: 1,250% digital asset capital not ‘excessive’
The Central Bank yesterday rejected assertions it is being “excessive” in requiring licensees to hold 12.5 times’ the amount of capital involved to back trades of non-stablecoin digital assets.
Event planners enjoy uptick for Christmas
Event planners yesterday said they are “really busy” for the upcoming Christmas season due to corporate clients sponsoring multiple activities.
Poor utilities spark bad tourist reviews
A Family Island hotelier says poor utility services have resulted in negative guest reviews of their Bahamian vacation experience.
Bahamas suffers 3,000 gap over trademark applications
Bahamians made 3,000 more trademark protection applications abroad than at home during the five years to 2022, it has been been revealed, with government income from the sector "stagnant" for a decade.
Compliance chief loses bid to block grilling by ex-boss
A broker/dealer's former compliance chief has failed in his bid to prevent attorneys acting for his ex-boss from cross-examining him over his answers to 74 questions posed by US federal regulators.
Gov't patent earnings down 44% in decade
The Government's earnings from trademark and patent applications nosedived by 44 percent over past decade as The Bahamas' "loss of competitiveness" on intellectual property safeguards intensified.
LPIA operator leaves its COVID debt woe behind
The Bahamas' major airport continues to leave its COVID debt woes behind it with the coverage ratio stipulated by its lenders now healthier than it has even been since the pandemic started.
CRUISE LINE PLAN FOR GB REVEALED: Xanadu hotel acquisition part of Royal Caribbean goal to transform harbour
Royal Caribbean Cruise Lines is eyeing the potential acquisition of Freeport's long-closed Xanadu Beach Hotel as part of plans to develop a resort and water park destination, it can be revealed.
Chamber elects new chairman
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) has elected Timothy Ingraham to serve a two-year term as its new chairman.
Seaplane operators in call for Out Island infrastructure
Seaplane operators are urging Family Island resorts to install ramps to facilitate their operations and increase airlift to remote destinations.
Seaplane service must be properly regulated
A Family Island hotelier yesterday backed the use of seaplanes to increase airlift once such services are properly zoned and regulated.
Artificial Xmas trees enjoy ‘overwhelming’ sales jump
Sales of artificial Christmas trees have been “overwhelming” in the run-up to the holiday season with the premium pre-lit variety also sparking demand, vendors said yesterday.
GB Chamber chief is ‘positive’ on island’s investment outlook
The Grand Bahama Chamber of Commerce’s president yesterday said “positive” things are happening for the island’s economy despite strained relations between its quasi-governmental authority and the Government.
