‘Last peaceful settlement’s’ fears over 163-unit project
Adelaide residents yesterday voiced fears that a proposed 163-unit multi-family residential project will “destroy the last peaceful settlement we have in New Providence” if approved by government regulators.
Ex-PM: Royal Caribbean’s PI deal ‘watering down’ GB
Dr Hubert Minnis says he will be “watching very closely” to see who gains the contract to ferry Royal Caribbean’s passengers to a Paradise Island project he would have approved only when the cruise line closed in Freeport.
‘Excessive traffic’ behind Saturday’s airline delays
A Bahamian aviation operator yesterday said “excessive traffic volume” was to blame for weekend delays at Lynden Pindling International Airport (LPIA) that resulted in some travellers missing flights or their connections.
Chamber chief queries vacation rental ‘policing’
Abaco’s Chamber of Commerce president has questioned how the Government will “police” the vacation rental industry given that enforcement is “not one of our strong suits”.
RF Conference returns in-person after four years
A BAHAMIAN investment bank will today stage its first in-person Economic Outlook conference for four years following the interruption caused by the COVID-19 pandemic.
Positive but cautious over COVID recovery
Based on reports to-date, The Bahamas’ economic recovery, performance and fiscal consolidation is trending well. While largely driven by the post-COVID recovery, the current administration is to be commended for marshalling the improvement. It appears to be getting a number of things right, especially in the tourism and investment portfolio led by deputy prime minister, Chester Cooper.
Petroleum retailer: Gov’t says ‘they want us to fail’
A gas station operator yesterday suggested a six-month job swap with a Cabinet minister so the latter can gain a full understanding of the industry’s plight, adding: “He’s telling us he wants us to fail.”
Hotels strike ‘glass ceiling’ on 15-20% room shortage
The Bahamas may be unable to fully meet tourism demand for 12-18 months due to a room shortage caused by up to 15-20 percent of available inventory being taken offline, a senior hotelier has revealed.
Bahamas on track, but ‘slow spending faster’
The Bahamas must produce “a faster slowdown on spending” to ensure it hits the revised $575.4m full-year deficit target and other key fiscal goals, a major international financial services group is urging.
‘Absolutely not worried’ by Royal Caribbean’s PI plan
Nassau Cruise Port’s top executive says he is “absolutely not worried” about Royal Caribbean’s $100m Paradise Island project sucking away passengers to the detriment of his facility and other Bahamian-owned businesses.
DEREK SMITH: Silicon Valley Bank’s failure shows risk management key
As a governance, risk and compliance professional, I must emphasise the importance of establishing a solid risk management framework to protect against possible catastrophic corporate failures. The current business environment is constantly evolving, and new risks are emerging. Therefore, adopting a robust risk management strategy is essential to protecting businesses from future uncertainties.
Bahamas ‘on track’ for October EU delisting
The Attorney General says The Bahamas is “on track” to address the deficiencies that led to its renewed blacklisting by the European Union (EU) with the 27-country bloc set to “review” this nation’s progress in August.
Online civil registry disabled to help ‘protect data integrity’
The Attorney General has revealed online access to the civil registry at the Registrar General’s Department was shut down “to preserve the integrity of the data” that it holds.
Capacity concerns driving 14 Out Island airport bids
Many Family Island airports “no longer meet” growing tourist and airline demands, the Government’s top aviation official said yesterday, as he justified the rationale for putting 14 locations out to bid.
Air arrivals 100,000 off pre-COVID in ‘22
Air arrivals to The Bahamas in 2022 fell just 100,000 short of the 1.6m received in 2019 prior to the COVID-19 pandemic that shut tourism down for much of 2020 and 2021, it was revealed yesterday.
