Auto sector’s 20% rise beats ‘outrageous’ shipping costs
Bahamian auto dealers yesterday predicted new vehicle sales will close 2022 some 15-20 percent ahead of last year after the industry overcame “outrageous” shipping cost hikes and inventory shortages.
Bimini ‘diamond in rough’ in $10m transformation
A well-known Bimini condo hotel has closed for a $10m overhaul that will near-triple existing marina slips and “polish a diamond in the rough”, its developer revealed yesterday.
No Cable customer payout for bad TV
Cable Bahamas pay-TV customers will not be compensated even though regulators found it breached both its licence terms and consumer protection regulations by delivering poor quality services in 2021.
Regulators throw out $85m Cable warning
Regulators yesterday rejected Cable Bahamas’ warning that the fine imposed on it for poor pay-TV service quality would “detract” from its $85m capital investment in network infrastructure upgrades.
Atlantis beats revenue goals, targets ‘strong’ 2023 first half
Atlantis continues to beat its revenue targets and is predicting a strong 2023 first half, a senior executive has revealed, with the wider resort industry bracing for 90 percent-plus occupancies over the Christmas and New Year period.
Taxi union still pushes for 30% fare increase
THE BAHAMAS Taxi Cab Union’s (BTCU) president yesterday said it is still pushing for a 30 percent fare hike to offset inflation-fuelled cost increases despite the Government being unresponsive to its calls.
Retailers enjoy steady sales in Xmas run-up
BAHAMIAN retailers yesterday said sales are growing steadily in the run-up to Christmas.
Product shortage concern for Christmas tree vendors
CHRISTMAS tree vendors yesterday voiced fears over inventory shortages with one revealing they had to source product from further north than normal.
‘Headroom for growth’: Tourism forecast to hit regional average
A senior hotelier yesterday said The Bahamas “still has some headroom for tourism growth” post-COVID amid forecasts its annual expansion rate will merely match the Caribbean average for the next decade.
‘Don’t punish many for the few’ on Dorian tax breaks
An activist is urging the Government to “not punish thousands of people because of a handful” of tax dodgers who have abused the Hurricane Dorian tax breaks meant to aid Abaco and Grand Bahama’s recovery.
‘Can’t rest on our laurels’ with 20% growth forecast
The Bahamas “cannot rest on our laurels” despite a 20 percent growth forecast for its tourism industry that is more than three times’ greater than the world average, the deputy prime minister is warning.
Baha Mar’s contractor ‘overfunded’ by $113m
Baha Mar’s main contractor was “overfunded” by up to $112.7m during the project’s race to completion, it has been alleged, while at the same time diverting “emergency” financing to pay for its British Colonial Hilton acquisition.
Bad Santa
ActivTrades
THE mother of all consumer battles is over, and Apple is one of the winners. Americans shopped online for a record $11bn on Cyber Monday, and AirPods and MacBooks were very popular.
DPM targets Saudi Arabia to ‘match’ $6bn in investments
THE DEPUTY prime minister is targeting Saudi Arabia as a key source of investment capital for The Bahamas with the Government seeking to “match” the $6bn worth of projects already approved during its second year.
DEREK SMITH: Accounting for the risks posed by digital assets
Blockchain technology has revolutionised mutiple products and services in recent years, making it one of our generation’s most fascinating advances. Crypto currencies are enabled by this same blockchain technology. Due to their outstanding capabilities to address specific challenges, crypto currencies have emerged as the most popular blockchain application. As a result, over 300m individuals now own crypto currencies, according to international reports.
