‘Incredible that we can’t keep lights on’
BAHAMAS Power & Light (BPL) yesterday blamed outside “interference” for an hours-long power outage that impacted much of New Providence and cost many businesses valuable sales and income
Fidelity’s $500k behind but ‘still on $25m track’ despite falling
Fidelity Bank (Bahamas) is “still on track” to deliver $25m in full-year profits despite falling $500,000 behind pace at the 2022 half-way mark, its top executive said yesterday, as he looks to merchant services to close the gap.
Tourism ‘treading warily’ over Junkanoo Beach
The Ministry of Tourism yesterday rejected assertions that it was neglecting the concerns of Junkanoo Beach vendors, but said it was “treading carefully” due to uncertainty over who represents and speaks for them.
‘Head and shoulders’ above private aviation competitors
The Bahamas was yesterday praised for standing “head and shoulders above any country in its vision and strategy” for private aviation with the market having “settled down” following earlier fears over changed border entry protocols.
Construction chiefs differ on labour gap
Past and present Bahamian Contractors Association (BCA) presidents yesterday differed over whether construction is suffering an increase in skilled labour shortages post-COVID as one branded such arguments “a cop out”.
Bahamas island saved from ‘a complete loss’
A Bahamian private island, which is among the most valuable assets owned by an accused $40m securities fraudster, was yesterday rescued from becoming “destroyed and a complete loss” via a US court-approved deal.
Tourism office to boost Cat Island
CAT Island businesses yesterday voiced optimism that their newly-opened tourism office will help drive increased visitor numbers and economic activity to the island.
‘Second class citizens’ in the financial system
A Bahamian crowdfunding platform was yesterday moving aggressively to solve the challenges faced by small retail investors “cut out of the financial system”, adding: “We’ve treated these people like second class citizens.”
Bahamas urged to ‘get serious on education fix’
The Bahamas was yesterday urged “to get serious about fixing” its long-standing education crisis amid private sector fears that it will continue to undermine workforce productivity and economic competitiveness.
Inflation jumps five-fold to back PM’s warning
The Central Bank yesterday revealed that annual inflation for the year to June 2022 increased almost five-fold compared to the previous 12 months to give a stark indication of the cost of living crisis facing many Bahamian families.
Bahamas’ arrivals at 3m, just 16% off pre-COVID
The Bahamas received almost three million tourist arrivals during the 2022 first half, it was revealed yesterday, with June’s numbers just 16 percent down on the record-breaking pre-COVID pace set in 2019.
$50m project eyes ‘Bali in beautiful Bahamas’
A North Eleuthera developer plans to create “a Bali in beautiful Bahamas” through a mixed-use project forecast to generate up to 200 full-time jobs via a $50m investment in the resort component alone.
Gov’t’s ‘precarious finances’ rule out tax offset to inflation
TAX and duty cuts to counter surging inflation are ruled out given the Government’s “precarious finances” and $12b-plus national debt, a governance reformer warned last night.
Guava duff vendor triumphs in Entrepreneurship World Cup
A BAHAMIAN start-up with ambitions to take guava duff to an international audience says it recently won the local final of the Entrepreneurship World Cup.
Lyford Cay condo project told: ‘Don’t turn us into Miami Beach’
HOPES were voiced yesterday that a controversial Lyford Cay condominium project will reflect “Bahamian heritage” and “not turn us into Miami Beach”.
