December air arrivals up 13% on pre-COVID
Stopover visitors for December 2022, which included the peak Christmas and New Year's tourism period, more than doubled year-over-year to beat the industry's pre-COVID performance by almost 13 percent.
‘Back end of the spike’ after 60% revenue rise
A Bahamian realtor yesterday voiced optimism his firm will “put up the same numbers if not better this year” following 2022’s 60 percent revenue growth, adding: “We’re on the back end of the spike.”
$352m Abaco resort to be 'hospitality beacon'
Abaco's $352m Montage Cay development will be a "beacon of hospitality", its developer and resort operating partner pledged yesterday.
Bahamas goes ‘backwards’ on yachting sector potential
The Bahamas has unlocked just one-third of the boating/yachting industry’s economic benefits, marina operators argued yesterday, with last week’s exhibition exposing “gaps that Bahamians need to fill.”
Airline honours Sandals founder
An airline will honour Sandals Resorts International’s (SRI) founder, the late Gordon “Butch” Stewart, by naming a new aircraft that is set to be delivered this year after him.
Fierce bidding likely for $28m PI estate
A 20,000 square foot Paradise Island home valued at $28m-plus is expected to be the subject of fierce competitive bidding when it is put up for auction on March 10.
Gov’t to create $15m SPV intermediary for egg plan
THE Government will create an off-balance sheet special purpose vehicle (SPV) to facilitate the $15m project designed to drive The Bahamas to 100 percent self-sufficiency in egg production.
Gov’t to create $15m SPV intermediary for egg plan
THE Government will create an off-balance sheet special purpose vehicle (SPV) to facilitate the $15m project designed to drive The Bahamas to 100 percent self-sufficiency in egg production.
Excess bank liquidity at $2.8bn by end-January
BAHAMIAN commercial bank surplus liquidity almost hit the $2.8bn mark at end-January 2023 even though the decline in the industry’s deposit base outpaced the contraction in domestic credit, it was revealed yesterday.
Governor: Income tax allows better targeting
The Central Bank’s governor says introducing an income tax will make it easier for the Government to focus investment incentives on target industries and direct social assistance to those most in need.
Village Road auto dealer ‘in a pickle’
A Village Road businessman says he is “in a pickle” despite commerce returning with a “bang” as he seeks compensation for lost trade and damage to his property that he alleges was caused by ongoing roadworks.
New Budget outlay finances 350 jobs
A newly-introduced $5.8m Budget outlay is financing the temporary employment of 350 persons who have largely been jobless since Hurricane Dorian struck three-and-a-half years ago, it was asserted last night.
Gov’t targets $15m egg self-sufficiency
The Government has not cut food security funding by 50 percent but is instead reallocating financing to a $15m project designed to make The Bahamas self-sufficient in egg production, a Cabinet minister has revealed.
‘Rubber hits the road’: 14 airports set for PPP
FAMILY Island Chamber presidents yesterday said “the rubber has hit the road” on critical infrastructure upgrades as they hailed the Government’s move to invite private sector bids on 14 airports.
Bahamas needs to ‘sustain’ doubled GDP growth rate
THE Bahamas must double its average economic growth rate over “a sustained period” through an “aggressive” pursuit of the right foreign direct investment (FDI) opportunities.
