MSC’s Lucayan deal ‘is going to save Freeport’
Grand Bahama tourism operators yesterday hailed Mediterranean Shipping Company’s (MSC) role in the Grand Lucayan’s transformation as a deal that is “going to save Freeport” with the revamped property’s two ‘cruise resorts’ forecast to attract more than one million visitors annually.
US investor unveils $650m Eleuthera ‘game changer’
A US developer is pledging to “create a life-altering, forever game changing experience” for visitors and Governor’s Harbour residents alike via a resort, marina and boutique casino destination featuring a combined $650m in investment and real estate sales.
Boating fee reforms ‘might save summer’
The Association of Bahamas Marinas (ABM) president is asserting that long-awaited boating fee reforms “might just save our summer season” after the Government delivered on the Prime Minister’s end-February pledge to create two new cruising permit fee categories with reduced levies.
Boating fee reforms ‘like a present for Christmas’
A marina operator yesterday hailed the Government’s boating fee reforms as being “like a Christmas present” that will generate renewed optimism for an industry grappling with uncertainty and reduced business volumes.
BACSWN executive named as the ambassador to ICAO
The chief operating officer at Bahamas Aviation, Climate & Severe Weather Network (BACSWN), Michael Strachan, has been appointed Ambassador to the International Civil Aviation Organisation (ICAO), a United Nations agency which helps 193 counties operate together and share their skies to their mutual benefit.
Easter bun sales up 50% amid VAT, fuel concerns
Bahamian bakeries yesterday said they still fear an increase in their input costs from food stores increasing prices due to the VAT elimination on uncooked foods being treated as ‘exempt’ rather than ‘zero rated’.
We cannot afford lax cyber security
When most small and medium-sized businesses think about cyber security, they think about firewalls, passwords and perhaps an anti-virus subscription that renews each year. It often feels technical, distant, even optional. Until it is not.
Central Bank cracks down on exchange control abuse
The Central Bank has moved to crack down on a growing trend where persons and companies deemed resident in The Bahamas are asking that payments be made in foreign currency.
Super Value chief: Clock ticking on VAT ‘solution’
Super Value’s president yesterday voiced optimism that the Government will strike a “mutually beneficial solution” over the food distribution industry’s VAT ‘exempt’ fears but warned that time is running out with the first relevant tax returns due in just six weeks.
Fishermen ‘dreading’ fall-out from Middle East fuel cost spike
Bahamian fishermen were yesterday said to be “dreading” the spike in fuel costs generated by the Middle East conflict with boats returning to shore “filling up their tanks to the brim” in a bid to minimise the impact on expenses and profit margins.
PM: ‘We’ll see how we can intervene’ over gas prices
THE Government has competition legislation on its “drawing board”, the Prime Minister confirmed yesterday, as he pledged that the Government will “see how” it can mitigate the threat from soaring fuel prices.
AML Foods targets April 13 start for fire-destroyed stores rebuild
AML Foods yesterday revealed it will break ground on the replacements for its fire-devastated Solomon’s Old Trail and Cost Right Nassau stores on April 13 as it turns to technology to ease the transition to eliminating VAT on uncooked foods.
GB Chamber: We need ‘next steps’ on Lucayan
The Grand Bahama Chamber of Commerce last night called for “timely and transparent” details on the fate of Concord Wilshire’s proposed Grand Lucayan acquisition given the developer’s failure to meet its own self-imposed deadline to unveil the project’s demolition and construction schedule.
LPIA braces for slight Easter increase to 85,000 travellers
Lynden Pindling International Airport’s (LPIA) operator yesterday disclosed it is expecting a slight increase in Easter weekend traveller volumes to between 80,000-85,000 persons as it prepares to mark its 19th year of operations.
