Coca-Cola supplier just 6-8% behind pre-COVID
Caribbean Bottling’s president yesterday revealed it is just 6-8 percent behind pre-COVID business levels despite the cost of key raw materials surging by as much as 20-40 percent.
Gov’t won’t back MSC cruise port takeover
The deputy prime minister yesterday said the Government will not back the acquisition of a controlling ownership interest in the Nassau Cruise Port by a single or group of cruise lines.
Super Value to ‘duck’ energy hike via solar
Super Value’s president yesterday said it plans to “duck” any long-term impact from higher Bahamas Power & Light (BPL) prices through the installation of solar power across its business beginning on August 2.
Financial industry in more attrition
The Bahamian banking sector saw total on-balance sheet assets shrink by $23bn or 13.3 percent in 2021 as the industry faced regulatory and other “headwinds” that continued to chip away at its size.
Electricity cost rise ‘pretty dangerous’ for economy
Bahamian businesses yesterday warned any increase in electricity costs will be “pretty dangerous” for an economy still recovering from COVID-19’s devastation, although some said spiking global oil prices make such a hike “inevitable”.
Restaurant entrepreneur: Growth ‘blows our mind’
A New Providence restaurant entrepreneur yesterday said the company’s growth from a home-based business to an actual physical location despite the COVID-19 pandemic “blows our mind”.
Bahamasair: Extra $200k weekly fuel bill ‘won’t suffocate’ demand
Bahamasair’s top executive yesterday voiced optimism that a fuel bill which has skyrocketed by up to $200,000 per week “won’t suffocate” travel demand despite the airline readying “another small” fare increase.
COVID testing end ‘game changer’ for key markets
High-spending tourism markets have hailed the elimination of COVID entry testing and the Health Travel Visa as a potential “game changer” for The Bahamas given the reduced “hassle” involved in accessing the country.
Bahamas ‘telling the story’ to its investors
The Government is focused on “telling the story about The Bahamas” and its post-COVID recovery to ensure international investors and markets retain confidence in the country’s debt, a Cabinet minister said yesterday.
Ex-GBPA chair loses $82k claim strike out
A former Grand Bahama Port Authority (GBPA) chairman’s bid to be removed as a defendant in an $82,300 claim brought by three ex-employees of his insolvent BISX-listed company has been rejected by the Supreme Court.
Compass Point restaurant to follow resort into closure
COMPASS Point’s restaurant will close at the end of July, its proprietor confirmed yesterday, following the previous shuttering of the resort.
Gov’t’s ‘Fintech festival’ aiming to attract 3,000
The Government is planning to stage an “international Fintech festival” that will attract 3,000 industry executives to The Bahamas early next year and further boost this country’s digital asset ambitions.
Business ‘blows up’ at Family Island resorts
The Bahamas Out Island Promotion Board’s (BOIPB) president yesterday said business for its member properties has been “blowing up” ahead of the traditional summer slowdown.
Gov’t eyes double return on ‘harsh health realities’
The Government plans to solve “the harsh realities” of Family Island healthcare by doubling the number of new and renovated clinics that will be overhauled via $45.5m in development financing.
‘Stagnant’: Fears for auto sales until 2023
Auto dealers fear new car sales will be “stagnant” for at least another year with global supply chain disruption causing order backlogs of up to 200 vehicles for some operators.
