‘Unprecedented’ 200% private aviation growth
The Bahamas must “step our game” to sustain “unprecedented” growth that has spurred a 200 percent increase in private aviation arrivals, a prominent industry player urged yesterday. Charles Bowe, general manager at Jet Nassau, the major fixed base operator (FBO) at Lynden Pindling International Airport (LPIA), told a webinar to mark World Tourism Day that this nation needs to ensure such visitors are “wowed” from the time they arrive in The Bahamas given that their per capita spending exceeds all other tourist categories.
Bahamas ‘must work with developers who love us’
The Bahamas “must work with developers who love us” and “disengage” with those motivated only by profits who have no interest in environmental preservation, tourism industry operators argued yesterday.
Downtown art district plan to put Miami, New York ‘second’
The Ministry of Tourism’s plans to transform downtown Nassau via creation of an “art district” will relegate similar spaces in New York and Miami to “second spot”, a senior official pledged yesterday.
AG: Minnis Gov’t ‘failed country’ on EU blacklist
The Attorney General yesterday blamed the Minnis administration’s “fundamentally flawed” approach to complying with the European Union’s (EU) economic substance demands for landing The Bahamas on the bloc’s blacklist.
'More productive Bahamas' if we get legal reforms right
Governance reformers yesterday argued that the Government's planned upgrades to anti-corruption, procurement and fiscal laws will set "a path to a more productive and sustainable Bahamas if we get it right".
Just two diseases cost taxpayer $35m
Just two diseases consume more than one out of every six dollars in the Government’s annual health budget, it was revealed yesterday, with its public clinics facing an “extraordinary requirement for improvement”.
COVID-19 controls ‘saved’ $900m external reserves
The Bahamas’ capital controls saved “around” $900m in external reserves at COVID’s peak, an economic researcher has estimated, while also helping to lower the Government’s annual interest burden by 2.5 percent of GDP.
Bahamas must decide if ‘to hell with’ the EU
The Bahamas must soon decide whether to tell the European Union (EU) “to hell with it” and refuse to be cowed by its repeated ‘blacklisting’ threats, an ex-Democratic National Alliance (DNA) leader argued yesterday.
Homeowners: Treasure Cay value down by half
Homeowners yesterday asserted that Abaco’s Treasure Cay resort has lost at least close to half its value since it was first placed on the market for sale at around $57m one decade ago.
Ex-Central Bank guard loses $18k firing award
A former Central Bank security guard has seen his $18,529 unfair dismissal award overturned by the Court of Appeal which found he failed to act with “the utmost probity” over a vehicle purchase.
Lucayan chairman tight lipped on $5m deposit
The Grand Lucayan’s chairman is “moving on to November 15”, the targeted closing date for the hotel’s $100m sale, although he was tight-lipped on whether a binding sales contract has been signed and a deposit paid.
Digital asset ‘disruptors’ to shrug off EU blacklist
A Bahamian accountant is voicing optimism that this country’s latest threatened blacklisting by the European Union (EU) will have “minimal” impact on its ambitions to become a global digital assets and crypto hub.
‘Disastrous consequences’ on water lens development
A prominent attorney and conservationist is warning that New Providence residents will face “disastrous consequences” if the Government continues to permit development that impacts the islands’ fresh water lenses.
PM TOLD EU THREE TIMES: WE’LL RESOLVE CONCERNS – Accusations Gov’t ‘dropped ball’ on new blacklisting
The Prime Minister signed three letters promising the European Union (EU) that The Bahamas would address - within the required deadline - the very concerns that have resulted in the country’s imminent ‘blacklisting’.
DEREK SMITH: How information and cyber security team
Over the past five years, the increase in data breaches, ransomware, legislation and third-party requirements have compelled companies to recognise the importance of comprehensive information security (infosec) and cyber security strategies.
