PI ‘cannot bear pressures’ of Royal Caribbean project
A former Bahamas National Trust (BNT) executive director yesterday voiced concerns that Royal Caribbean’s Paradise Island project “cannot bear the environmental pressures of what is being proposed”.
'Not out of the woods' despite consecutive Budget surpluses
The Government cannot interpret two consecutive monthly Budget surpluses "as a sign we are out of the woods", its top finance official warned last night.
BISX-listed insurer's $6.5m from Deltec's Ansbacher buy
A BISX-listed insurer is due to ultimately receive just over $6.5m from last year's sale of Ansbacher (Bahamas) to Deltec Bank & Trust.
Petroleum retailers told: 'Keep the faith'
Bahamian gas station operators were yesterday urged to "keep the faith" amid ongoing talks over the Government's latest proposal to address the wider petroleum industry's structural woes.
Bahamas 'caught behind 8 ball' on airport upgrades
The deputy prime minister yesterday admitted that The Bahamas has "gotten caught behind the eight ball" over the need to upgrade its airport infrastructure with discussions now also focusing on expanding the country's main gateway.
Atlantis: Royal Caribbean ‘packing a lot’ into PI club
Atlantis yesterday said it has not been swayed by Royal Caribbean’s pledge to hit an environmental “gold standard” as the cruise giant is “packing a lot of people” into its Paradise Island beach club’s 17 acres.
Academy to help cut $12.5m egg imports
A Cabinet minister has hailed the launch of an agriculture research and training centre as another step towards slashing The Bahamas’ annual $12.5m egg import bill.
Resorts ‘struggling to win’ against Airbnbs
A Cat Island hotelier yesterday admitted the island’s resorts are “struggling to win” the battle for visitors against an ever-expanding vacation rental sector that is dominated by expatriate owners.
Union leader voices shipyard frustration
A trade union leader yesterday voiced frustration over the alleged six-year wait to secure an industrial agreement with the Grand Bahama Shipyard.
Family Islands: Half beat 110% pre-COVID target
Half the Family Islands boast hotels already beating forecasts that they will post room revenues equivalent to 110 percent of pre-COVID levels in 2023, it was revealed yesterday.
Opposition fears BPL deal negotiations ‘in the dark’
The Opposition yesterday accused the Government of negotiating major multi-million dollar contracts “in the dark” as it emerged multiple parties have approached it with proposals for Bahamas Power & Light (BPL).
Europe’s ‘retreat’ outpaces Latin growth for Bahamas
The Bahamian international banking sector is still contracting because the “retreat” of European assets is “outpacing” new growth from Latin America, the Central Bank’s governor has affirmed.
Transport costs, shortages create tourism ‘headwinds’
Shortages of employee housing and certified fly fishing guides, and high ground transportation costs, were yesterday cited as some of the major “headwinds” impeding Family Island stopover tourism growth.
Bahamas aiming to double Texas visitor share to 10%
The Bahamas is seeking to double Texas’ share of its tourism customer base to 10 percent, the deputy prime minister has revealed, while revealing that the Houston Rockets basketball team will likely hold their training camp in Nassau.
Pharma battle
ActivTrades
PHARMACEUTICAL companies typically compete with each other in various areas such as research and development, marketing and sales. Some of the biggest pharmaceutical companies in the world include Pfizer, Novartis, Roche, Merck & Co and Sanofi, and all of them are being traded on the various stock exchanges.
