Abaco resort eyes ‘break even’ 5% rate increase
The Bahamas Out Island Promotion Board’s president yesterday said his hotel will likely have to increase rates by “another 5 percent” in 2024 to break even with fellow hoteliers revealing that soaring light bills “are just killing us”.
Keith Roye II: Digital resistance inflicts a high cost
In a country that values privacy and security, the toll inflicted by data breaches is significant. When Bahamian companies lag behind in cyber security measures, the fear of personal data being compromised weighs heavily on the minds of both employees and customers. Trust is a precious commodity in The Bahamas, and its erosion comes at a high cost.
British Colonial 'more leisure oriented' than past versions
The British Colonial will be "more leisure-oriented" than it was in the past, its top executive said yesterday, with the property keen to ensure service standards are not sacrificed in the "ramp up" following its December opening.
British Colonial receives 400 manager applicants
Some 400 persons yesterday applied for managerial posts at the re-opening British Colonial with the property targeting a workforce that is 95 percent Bahamian.
Tourists 'lament' tour and excursions gap
A senior tourism official yesterday said there is "a gap" in The Bahamas' tour and excursion product with many visitors "lamenting" that there are not enough activities to do.
Three groups eyeing BISX digital assets partnership
The Bahamas International Securities Exchange’s (BISX) chief executive says he is keen to avoid any “let down” with three separate groups “expressing significant interest” in partnering with it to develop a digital assets arm.
Bahamians were more interested in ‘socialising’ than digital training
Bahamians were initially more interested in socialising than learning new technology-related skills deemed vital to prospering in the 21st century’s digital-driven economy, a report has revealed.
Gov’t: Communications sector regulation requires full review
The Government has determined that “a comprehensive review of the legal and regulatory framework” governing the electronic communications sector is now critical given the speed at which it and associated technologies are evolving.
‘Don’t get tied down’ to 50% debt-to-GDP goal
The Bahamas must move away from its 50 percent debt-to-GDP target and instead prioritise achieving economic growth rates “north of 3.5 percent” to get back on track, a governance reformer is arguing.
BPL ‘stranglehold’: Business battles up to 100% bill rises
Soaring Bahamas Power & Light (BPL) bills were yesterday said to be imposing “a stranglehold” on commerce with multiple businesses struggling to survive up to 100 percent year-over-year increases in their energy costs.
'Relentless brain drain' hurts local healthcare
The "relentless brain drain" means the Bahamian healthcare system continues to suffer from a shortage of nurses, midwives, pharmacists and other healthcare professionals, a senior government official reiterated yesterday.
'White hot' Cable Beach development 85% sold
A high-rise Cable Beach development was yesterday branded "white hot" with 85 percent of its first-phase units already sold even though its construction will only be completed in 2024.
Tax increases make Bahamas hard sell
A former Association of The Bahamas (ABM) president yesterday argued that this nation will be a hard sell at the upcoming Monaco Yacht Show due to increased taxes and fees levied on the industry.
DPM: 'Strong case made' to build GB air cargo hub
The deputy prime minister yesterday said he and his team have made "a strong case" for Qatar Airways to establish an air cargo hub on Grand Bahama during their three-day visit to the Gulf state.
Junkanoo Beach chief backs management company idea
The Junkanoo Beach Association's (JBA) president yesterday argued that his group would be the best management authority to administer the destination should the Government choose to outsource this responsibility.
