Downtown ‘catalyst’ beats goal by $11m
The Nassau Cruise Port’s overhaul is “already serving as a catalyst” for fresh investment in downtown, its top executive has asserted, after its recent bond refinancing was oversubscribed by almost $11m to hit $145m.
Housing ‘crisis’ threatens to strangle Family Islands
The growing “crisis” sparked by a lack of affordable employee housing is threatening to impose a “stranglehold” on Family Island growth prospects, business and tourism leaders are warning.
Gov’t borrowing limits ‘smoke and mirrors’
The Opposition’s finance spokesman has branded the tightened restrictions on Central Bank lending to the Government as “smoke and mirrors” designed to distract attention from the IMF SDRs controversy.
Finlayson fears of ‘ruin’ don’t sway Appeal Court
Fears by Sir Garet ‘Tiger’ Finlayson, and his son, Mark, that they will “be potentially ruined” should a $2.743m judgment be enforced against them have failed to sway the Court of Appeal.
Roderick A. Simms: Multiple measures must be used for NIB reform
The National Insurance Board (NIB) is the government agency responsible for managing the country’s social security system. The NIB provides various social security benefits, including pensions, disability benefits, maternity benefits, funeral benefits and unemployment benefits.
DEREK SMITH: Data protection key to corporate success
The value of data in today’s commercial world has grown exponentially.
Trinidad group in minority stake in Freeport brewer
A TRINIDAD conglomerate, with extensive liquor, brewing and drinks manufacturing interests, has obtained all necessary regulatory approvals to acquire a “minority interest” in Freeport-based Bahamian Brewery and Beverage Company.
Taxi chief backs conduct code to eliminate all ‘undesirables’
The Bahamas Taxi Cab Union’s (BTCU) president has backed the proposed new “code of conduct” for drivers as a way to remove an “influx of undesirables” from the industry.
Pay TV subscribers in lowest fall for six years
Pay-TV subscribers suffered their lowest annual decrease for six years in 2022 with all other communications segments reporting a modest increase in consumer numbers, sector regulators have revealed.
URCA: Only 305 renewable systems working in Bahamas
The Bahamas remains a long way from generating 30 percent of its energy mix from renewable sources by 2030 even though last year saw a 26 percent increase in installed capacity from such systems.
Improved lending, business climate vital on bank fees
The Central Bank's governor says an improved lending climate and reducing the costs of doing business are critical to lowering the commercial bank fees hated by many Bahamians.
Baha Mar teases Melia plan as volumes up 20%
Baha Mar’s president yesterday hailed an “extraordinary first quarter” and “record March”, with 2023 business volumes up 20 percent year-over-year, as he revealed plans to redevelop the still-closed Melia resort will be unveiled imminently.
Nassau/PI hotels see 35% ‘business on books’ jump
Nassau/Paradise Island hotels are eyeing a 35 percent year-over-year increase in “business on the books” for 2023, it was disclosed yesterday, with “loaded” airline seats through June also up on 2022.
MSC joins Freeport deal targeting October close
The Grand Bahama Port Authority’s (GBPA) president yesterday said October is being targeted for completion of a $70m Freeport Harbour deal in which Mediterranean Shipping Company (MSC) has teamed with Royal Caribbean.
