‘Full steam ahead’ for Royal Caribbean on PI
Royal Caribbean’s Bahamas chief has hailed as “a critical milestone” the environmental go-ahead for its Paradise Island beach club “that could benefit hundreds of businesses and tens of thousands of Bahamians”.
Economic growth critical for Bahamians to prosper
As citizens of The Bahamas, we frequently ponder the intricate workings of our economy, questioning its sources of income and its influence on our daily existence.
Petroleum retailers continue Gov't talks
Bahamian petroleum retailers are pledging to pass any reduction in oil prices on to motorists as they continue "private" discussions with the Government over their calls for a margin increase.
Fidelity ‘ramp up’ after 30% first half profit fall
Fidelity Bank (Bahamas) yesterday pledged to “ramp up” its performance during 2023’s final months after a near-30 percent first-half decline put the “stretch” $25m profit target for the full year seemingly beyond reach.
Bahamians increasingly becoming fraud victims
The Financial Intelligence Unit (FIU) yesterday warned of an increase in Bahamians having funds stolen from their bank accounts after falling victim to phone and online scammers.
$29m Exuma cays quieting labelled ‘mockery of justice’
A fresh bid to quiet the title to two Exuma cays, valued at a collective $29m, was yesterday branded “a mockery of justice” by the family estate which defeated the previous attempt in the Supreme Court.
Make Freeport ‘boom town’ before Hawksbill deal ends
The Grand Bahama Chamber of Commerce’s president is seeking a legal opinion on whether corporate income tax can be lawfully imposed in Freeport as he yesterday warned that time is running out to make the city a “boom town”.
BISX-listed firms blame profits drop on inflation
Two BISX-listed companies have blamed surging inflation for a margin squeeze that resulted in first-half and second quarter 2023 profits slipping against prior year comparatives.
IAN FERGUSON: Companies and Gov'ts must sometimes reset
Staying ahead of the game has never been so important. Businesses need to make sure they are questioning all those things they do out of ingrained habit versus what customers and shareholders have come to expect and feel comfortable with. Once you have identified things that are not working, leaders must have the courage to stop doing them and change course.
Tourism advances downtown plans
The Ministry of Tourism, Investments and Aviation (MOTIA) sought to further advance pedestrianisation plans when it met with downtown stakeholders on Wednesday, it was confirmed yesterday.
Chamber chief optimistic on Carnival's 2m guests
The Grand Bahama Chamber of Commerce's president yesterday said he is optimistic that Carnival Cruise Line will deliver two million passengers to the island annually once its Grand Port is completed.
New home listings surge 1,025% on ‘right-sizing’
New home listings in the major Bahamian islands increased by 1,025 percent year-over-year for the 2023 second quarter, a major realtor disclosed yesterday, amid signs it is “slowly turning to a buyer’s market” after a “bonkers” post-COVID.
Minnis blasts Commercial Enterprises Act’s repeal
An ex-prime minister yesterday branded the Government’s plans to repeal the Commercial Enterprises Act as “a mistake” since it is designed to improve Immigration efficiency and “attract businesses we don’t have”.
Concern on foreign property tax crackdown messaging
A prominent Bahamian realtor yesterday voiced misgivings that the Government’s constant pronouncements about cracking down on foreign real property tax delinquents could drive legitimate overseas buyers away.
BPL union escalation as trade disputes filed
Bahamas Power & Light’s (BPL) two trade unions yesterday made good on their threat to escalate their grievances by filing trade disputes alleging industrial agreement breaches and other violations by the state-owned utility.
