Central Bank warned over Gov’t lending limits breach
The Central Bank was advised it could breach its legal lending limits to the Government through the latter’s use of $232.3m in IMF special drawing rights (SDRs) without reforms to its governing Act.
Village Road companies slam ‘haphazard’ damage repairs
Village Road businesses yesterday blasted the Government’s efforts to repair business premises, residences and driveways/parking lots damaged by the area’s 15-month roadworks as “haphazard” and lacking “structure”.
EX-PM demands Central Bank HQ deal explanation
A former prime minister yesterday demanded an explanation for why the Central Bank’s proposed new headquarters building at Royal Victoria Gardens in downtown Nassau was “terminated’.
Activists fear ‘total decimation’ of PI site by Royal Caribbean
BAHAMIAN environmental activists yesterday reiterated fears that Royal Caribbean’s $100m beach club project will cause “total decimation” of western Paradise Island despite assurances to the contrary.
Tourism ‘doesn’t need any more’ air fare fees
The Bahamas must work with the airline industry “to put a ceiling” on travel costs to the destination, a senior hotelier is asserting, as this nation “doesn’t need any more taxes” included in ticket prices.
Air fares blamed for 20% Briland villa rentals drop
A Harbour Island realtor has blamed “crazy” air fares that have more than doubled compared to pre-COVID for a 20 percent slowdown in high-end villa rentals during the 2023 peak winter season.
Hotel union: ‘One item’ away on industrial deal
The hotel union’s president says it is just “one item” away from concluding an industrial agreement with the main employer body, and believes once it is completed other “dominoes” will fall.
PM’s Bermuda flight ‘reckless, negligent’
The Prime Minister’s Bermuda trip has flown into a fresh storm of controversy as the airline responsible is battling a $200,000 fine over accusations it operated the flight in a “negligent and/or reckless” manner.
Water Corp targets further 57% system loss reduction
The Water & Sewerage Corporation has extended by four-and-a-half years a contract that has saved itself and its customers more than $153m over the past decade.
Disney teams with BTVI for Eleuthera expansion
The Bahamas Technical and Vocational Institute (BTVI) has partnered with Disney Cruise Line to construct a new campus in Eleuthera for the training of its residents.
BPL separations hit utility expertise
Bahamas Power & Light (BPL) is facing “significant” workforce challenges after losing hundreds of years in combined expertise through a previous voluntary separation exercise, a Cabinet minister said yesterday.
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POLITICIANS worldwide are fighting over carbon dioxide prices, domestic flights and kerosene taxes to slow down climate change. The goal is to limit the global rise in temperatures to two degrees. But most energy forecasts are of the opinion that we are losing this battle. With this in mind, it is no surprise that car manufacturers are trying to do their part to make the world a greener place.
‘Losing home court’: Air taxes exceed ticket cost
A senior tourism official yesterday said the Bahamas has failed to convert its US proximity into affordability with airline ticket taxes now exceeding the actual cost of a flight.
‘Banner-breaking’ 38% visitor rise in Eleuthera
Eleuthera has followed a “banner-breaking” December for stopover visitors with a 38 percent year-over-year increase in such arrivals for 2023’s first two months, it was revealed yesterday.
Eleuthera airport’s $65m price tag is ‘scaled back’
The Government’s aviation chief yesterday revealed that the $65m price tag for North Eleuthera’s new airport is being “scaled back” to ensure investors can achieve the desired return on their capital outlay.
