GB Power ‘clawing way back’ in 25% profit rise
Grand Bahama Power Company was yesterday said to be “clawing our way” back to targeted net income after producing a 25 percent profits increase to $10m for the 2022 full-year.
Labour on Blocks fairs generate 3,000 jobs
The Government’s director of labour says the ‘Labour on the Blocks’ job fair series has resulted in employment for more than 3,000 Bahamian job seekers since last May.
Gas station dealers mulling shut down
Gas station dealers are mulling a sector-wide shutdown this month amid growing concern about the ability of the industry’s fixed price controlled-margins business model to cope with a variety of cost increases.
Registrar General woe is ‘beyond our control’
The Attorney General yesterday conceded that long-standing problems with the Registrar General’s Department’s online portal “are beyond our control” as lawyers and realtors branded the situation “a horror”.
J S Johnson puts COVID ‘in dust’ via 15% profit rise
J S Johnson shrugged off ongoing reinsurance capacity concerns to yesterday unveil a 15.1 percent profit increase for the 2022 that was aided by placing COVID-related restrictions “in the dust”.
Kalik maker overcomes $15.8m cost hike with 67% profits jump
COMMONWEALTH Brewery overcame an inflation-driven $15.8m increase in total costs to yesterday unveil 66.7 percent year-over-year profit growth for 2022.
Farmer: ‘Blowing smoke’ of 30 years seems over
A Bahamian poultry farmer last night voiced optimism that the Government is finally serious about ending three decades of “blowing smoke” on food security as it formally unveiled its $15m egg self-sufficiency ambitions.
December air arrivals up 13% on pre-COVID
Stopover visitors for December 2022, which included the peak Christmas and New Year's tourism period, more than doubled year-over-year to beat the industry's pre-COVID performance by almost 13 percent.
‘Back end of the spike’ after 60% revenue rise
A Bahamian realtor yesterday voiced optimism his firm will “put up the same numbers if not better this year” following 2022’s 60 percent revenue growth, adding: “We’re on the back end of the spike.”
$352m Abaco resort to be 'hospitality beacon'
Abaco's $352m Montage Cay development will be a "beacon of hospitality", its developer and resort operating partner pledged yesterday.
Bahamas goes ‘backwards’ on yachting sector potential
The Bahamas has unlocked just one-third of the boating/yachting industry’s economic benefits, marina operators argued yesterday, with last week’s exhibition exposing “gaps that Bahamians need to fill.”
Airline honours Sandals founder
An airline will honour Sandals Resorts International’s (SRI) founder, the late Gordon “Butch” Stewart, by naming a new aircraft that is set to be delivered this year after him.
Fierce bidding likely for $28m PI estate
A 20,000 square foot Paradise Island home valued at $28m-plus is expected to be the subject of fierce competitive bidding when it is put up for auction on March 10.
Gov’t to create $15m SPV intermediary for egg plan
THE Government will create an off-balance sheet special purpose vehicle (SPV) to facilitate the $15m project designed to drive The Bahamas to 100 percent self-sufficiency in egg production.
Gov’t to create $15m SPV intermediary for egg plan
THE Government will create an off-balance sheet special purpose vehicle (SPV) to facilitate the $15m project designed to drive The Bahamas to 100 percent self-sufficiency in egg production.
