Resorts enjoy record winter tourism period
HOTELS throughout The Bahamas yesterday said they are enjoying a record-breaking 2023 to-date with high occupancy levels recorded over the Easter period.
Bad loans ‘too high’ - yet at 14-year low
The Central Bank’s governor says loan delinquencies are still “too elevated” compared to global standards even though - at 7 percent of total outstanding credit - they have fallen below pre-COVID levels and are at their lowest in 14 years.
City’s ‘turned the tide’ without Central Bank
The Downtown Nassau Partnership’s (DNP) co-chair says the city has “turned the tide” on its revival despite the Central Bank’s decision to terminate development of its new headquarters at Royal Victoria Gardens.
GB water rise conflict ‘most fantastic thing’
A Grand Bahama resort operator yesterday said its owners will have to “pay more for the privilege of running a hotel” on the island if proposed water rate increases are ultimately approved.
‘Someone did some thinking’: Petroleum competition push
Petroleum retailers and wholesalers are studying “significant new ideas” proposed by the Government to foster greater competition - “but not at the expense of consumers” - in a bid to resolve the industry’s structural woes.
DEREK SMITH: Data protection and privacy difference not readily obvious
Data privacy and data protection have distinct meanings and implications, but they are often used interchangeably. Business leaders must understand the differences between these two concepts, and how they impact their operations, as they increasingly rely on data for decision-making. The next three articles, including this one, will provide the necessary clarification and insights on data privacy and protection tools over the following month.
Appeal Court president urges Industrial Tribunal rule change
The Court of Appeal's president is urging that the Industrial Tribunal's rules be reformed such that all parties have "greater flexibility" to amend their original pleadings within the limits set by the 'trade dispute' originally referred to it.
Downtown businesses ask for real story on bank plan
Downtown Nassau business owners and stakeholders are questioning "what's the real story" behind the Central Bank's decision to abandon plans for the construction of its new headquarters at Royal Victoria Gardens.
‘No headroom’ for Gov’t Central Bank borrowing
The Government will not have “any extra headroom to borrow from the Central Bank” once legal reforms are passed to slash its lending limits by almost half, the latter’s governor revealed yesterday.
Conflict ‘taint’ fears on GB water hikes
The Government last night demanded the Grand Bahama Port Authority (GBPA) and its water affiliate make “a business case that makes sense” for tariff hikes that it argued cannot be subject to “proper public consultation”.
PI entrepreneur tells RCL: ‘We’ve heard it all before’
The Bahamian entrepreneur battling to restore Paradise Island’s lighthouse yesterday accused Royal Caribbean of “trying to baffle us with massive numbers and future promises”, adding: “We’ve heard it all before.”
Port-fighting family in $46.5m GB exit
A Florida-based family who engaged in a bitter public battle with the Grand Bahama Port Authority (GBPA) and its affiliates have put all their Freeport interests up for sale with a $46.5m asking price.
Straw vendors fear being ‘left behind’
STRAW Market vendors yesterday voiced fears they are being “left behind” by developments such as Royal Caribbean’s $100m Paradise Island project and the $322.5m Nassau Cruise Port revamp.
Royal Caribbean scouts Rum Cay
Royal Caribbean’s top executive has confirmed the cruise giant sent a team to scout a potential new destination on Rum Cay, saying: “You can never have enough great product.”
Royal Caribbean: 60% of guests won't visit PI
Top Royal Caribbean executives yesterday pledged that "more than 60 percent of our guests" will never visit its Paradise Island project, as they urged: "We can win together or we can lose together."
