Academy to help cut $12.5m egg imports
A Cabinet minister has hailed the launch of an agriculture research and training centre as another step towards slashing The Bahamas’ annual $12.5m egg import bill.
Resorts ‘struggling to win’ against Airbnbs
A Cat Island hotelier yesterday admitted the island’s resorts are “struggling to win” the battle for visitors against an ever-expanding vacation rental sector that is dominated by expatriate owners.
Union leader voices shipyard frustration
A trade union leader yesterday voiced frustration over the alleged six-year wait to secure an industrial agreement with the Grand Bahama Shipyard.
Family Islands: Half beat 110% pre-COVID target
Half the Family Islands boast hotels already beating forecasts that they will post room revenues equivalent to 110 percent of pre-COVID levels in 2023, it was revealed yesterday.
Opposition fears BPL deal negotiations ‘in the dark’
The Opposition yesterday accused the Government of negotiating major multi-million dollar contracts “in the dark” as it emerged multiple parties have approached it with proposals for Bahamas Power & Light (BPL).
Europe’s ‘retreat’ outpaces Latin growth for Bahamas
The Bahamian international banking sector is still contracting because the “retreat” of European assets is “outpacing” new growth from Latin America, the Central Bank’s governor has affirmed.
Transport costs, shortages create tourism ‘headwinds’
Shortages of employee housing and certified fly fishing guides, and high ground transportation costs, were yesterday cited as some of the major “headwinds” impeding Family Island stopover tourism growth.
Bahamas aiming to double Texas visitor share to 10%
The Bahamas is seeking to double Texas’ share of its tourism customer base to 10 percent, the deputy prime minister has revealed, while revealing that the Houston Rockets basketball team will likely hold their training camp in Nassau.
Pharma battle
ActivTrades
PHARMACEUTICAL companies typically compete with each other in various areas such as research and development, marketing and sales. Some of the biggest pharmaceutical companies in the world include Pfizer, Novartis, Roche, Merck & Co and Sanofi, and all of them are being traded on the various stock exchanges.
Resorts enjoy record winter tourism period
HOTELS throughout The Bahamas yesterday said they are enjoying a record-breaking 2023 to-date with high occupancy levels recorded over the Easter period.
Bad loans ‘too high’ - yet at 14-year low
The Central Bank’s governor says loan delinquencies are still “too elevated” compared to global standards even though - at 7 percent of total outstanding credit - they have fallen below pre-COVID levels and are at their lowest in 14 years.
City’s ‘turned the tide’ without Central Bank
The Downtown Nassau Partnership’s (DNP) co-chair says the city has “turned the tide” on its revival despite the Central Bank’s decision to terminate development of its new headquarters at Royal Victoria Gardens.
GB water rise conflict ‘most fantastic thing’
A Grand Bahama resort operator yesterday said its owners will have to “pay more for the privilege of running a hotel” on the island if proposed water rate increases are ultimately approved.
‘Someone did some thinking’: Petroleum competition push
Petroleum retailers and wholesalers are studying “significant new ideas” proposed by the Government to foster greater competition - “but not at the expense of consumers” - in a bid to resolve the industry’s structural woes.
DEREK SMITH: Data protection and privacy difference not readily obvious
Data privacy and data protection have distinct meanings and implications, but they are often used interchangeably. Business leaders must understand the differences between these two concepts, and how they impact their operations, as they increasingly rely on data for decision-making. The next three articles, including this one, will provide the necessary clarification and insights on data privacy and protection tools over the following month.
