Cruise port to be ‘larger version’ of Marina Village
THE Deputy Prime Minister yesterday said Nassau Cruise Port wants to be “a larger version of Marina Village” on Paradise Island as he confirmed legislation for downtown’s management has been drafted.
Minnis: Gov’t is ‘penny wise, pound foolish’ on health VAT
An ex-prime minister yesterday accused the Government of being “penny wise and pound foolish” over the imminent change in VAT treatment of health insurance claims payments.
Hotels eyeing ‘unprecedented forward bookings’ during 2023
The Bahamas Hotel and Tourism Association’s (BHTA) president yesterday disclosed the industry is eyeing “unprecedented levels of forward bookings” for the 2023 first half and full year after December beat historical trends by 10 percent.
Financial Stability Council to develop ‘crisis playbook’
The Central Bank’s governor yesterday said the creation of a Bahamian Financial Stability Council will help “develop a playbook” for how regulators and the Government manage an industry “crisis”.
Cheque elimination not a ‘simple flip of switch’
The Central Bank’s governor yesterday conceded that plans to eliminate the use of cheques by end-2024 are “not as simple as flipping a switch” given the resistance encountered thus far to the move.
Governor eyes IMF-beating 4-6% GDP growth for 2023
The Central Bank’s governor yesterday forecast that The Bahamas could beat International Monetary Fund (IMF) projections by growing its economy “anywhere in the 4-6 percent range” for 2023.
Landscaper: Don’t single out Haitian work permits
THE Bahamas Landscaping Association’s (BLA) chairman says the Government should not bar only new work permit applications for Haitians as there are multiple other nationalities holding jobs Bahamians can do.
$50m Arawak Cay project targets ‘Tesla-like’ impact
A Bahamian former professional basketball player is investing $50m in an Arawak Cay manufacturing facility he hopes will enable this nation to become “a leader in the field” of climate-resilient construction.
Cruise port’s $138m refinance eyes millions in cost savings
Nassau Cruise Port yesterday disclosed it is aiming to slash annual debt servicing costs by several million dollars through refinancing the $138m bond debt that kickstarted its transformation at COVID’s peak.
GBPA must ‘get out of the way’ if can’t fulfil mandate
A 50-year Freeport licensee today calls on the Grand Bahama Port Authority’s (GBPA) owners and Hutchison Whampoa to either finally live up to their development obligations or “get out of the way”.
Gov’t and insurers battling over VAT medical cost rise
The Government and insurance industry last night traded blows over fears that Bahamian healthcare costs will further increase due to a new VAT treatment set to take effect from April 1, 2023.
Give GB fresh start on nation’s 50th birthday
MY 2023 New Year’s wish for Freeport, Grand Bahama, is that the island is given a new start, and one that brings back full employment island-wide.
EU team assesses effort to build stronger exports
BAHAMAS Bureau of Standards and Quality (BBSQ) executives last week met with European Union (EU) officials in a bid to build a stronger exporting culture in this nation.
Artificial intelligence
ActivTrades
Artificial intelligence (AI) was an often-used word on Wall Street last week.
Hayward backs bid to ‘reimagine’ GBPA
A Hayward family member yesterday pledged “an ambitious masterplan for change” to create “thousand of jobs” in Freeport as he backed efforts “to reimagine and revolutionise” the Grand Bahama Port Authority (GBPA).
