‘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.
Managing our personal finances
ActivTrades
Financial literacy and emotional control matter at least as much as income in determining how wealthy someone is likely to become. Managing money can be a challenge for many people, regardless of their income level. The reasons for this are complex, but one key factor is the role of emotions in financial decision-making.
Minister: Out Island property tax for locals ‘will not happen’
A Cabinet minister yesterday “removed the fear” of many Family Islanders that real property tax was about to be levied on Bahamian-owned properties by pledging “authoritatively it will not happen”.
Sir Franklyn: Gas retailers have ‘made case for relief’
FOCOL’s chairman yesterday agreed that Bahamian petroleum retailers have “made their case for immediate relief” despite a Cabinet minister dismissing any prospect of an increase in gasoline and diesel margins.
Bahamas to be Caribbean ‘sustainable airport leader’
The Bahamas “is uniquely positioned to become a regional leader” in sustainable airport development through putting 14 such facilities out to public-private partnership (PPP) bids, a senior tourism official asserted yesterday.
Stopovers beat pre-COVID for first time in January ‘23
Monthly air arrivals exceeded pre-COVID figures for the first time in January 2023, a senior tourism official said yesterday, while revealing that stranded or in-transit passengers have been unable to find hotel rooms in Nassau.
Atlantis: ‘Put the brakes on’ Royal Caribbean’s PI deal
Atlantis’ top executive last night warned that approval of Royal Caribbean’s $110m Paradise Island project is “premature” and urged Bahamians to call on the Government to “put the brakes on”.
‘Not so fast’ on Royal Caribbean’s PI plans
EARLIER this week, the Government of The Bahamas announced that Royal Caribbean International’s (RCI) proposed beach club project on Paradise Island will be permitted to move forward pending approval of an Environmental Impact Assessment (EIA) and Environmental Management Plan (EMP). I believe the green light is premature, with so many unanswered questions regarding the project’s environmental and economic impact still to be addressed.
Contractor ‘fleeced’ Baker’s Bay homeowners of $10m
Accusations that a foreign contractor may have “fleeced” homeowners in Abaco’s high-end Baker’s Bay community of up to $10m are likely “only the tip of the iceberg” due to the absence of construction industry regulation.
Royal Caribbean pays for seven Crown Land acres
Royal Caribbean has already paid the full annual rent for seven Crown Land acres on Paradise Island for two consecutive years, it can be revealed, rather than just the four announced in its revised deal with the Government.
