‘Impossible to build tourism’ with $3,000 Miami one-way fare
A Freeport hotelier says it is “impossible to build a tourist destination” on Grand Bahama when airline ticket prices fluctuate between $3,000 and $150 within a timespan of barely several days.
BPL fuel hedge renewal ‘more crucial than ever’
A top hotelier yesterday said the oil price impact from Russia’s war on Ukraine meant it was “more important now than ever before” that Bahamas Power & Light’s (BPL) fuel hedge be renewed.
Europe’s energy dilemma
ActivTrades
Thanks to the mild winter, the European Union (EU) has enough natural gas right now. Nevertheless, some countries could face difficulties. If gas imports from Russia were not possible for years, the consequences would be more dramatic, and demand would have to be reduced.
Not a good way to start day when IMF comes knocking
IN this segment, we will explore The Bahamas’ current standing with the International Monetary Fund (IMF), who they are and why they are important. When the IMF comes knocking, it is not always a good way to start the day. But does this mean that the Bahamian government is out of time to meet its debt obligations, control spending and reduce borrowing?
Super Value ‘safeguards’ on Ukraine flour fall-out
Super Value’s principal yesterday said it had sought to “protect the country” from further harm caused by Russia’s invasion of Ukraine through ordering extra supplies of flour.
DPM: ‘Lots more to do’ to improve governance
The deputy prime minister says the Davis administration condemns corruption on all its forms, adding: “It makes us weaker as a society”.
Customs chief placed on leave in shake-up
The Davis administration has initiated a shake-up of the Customs Department that has resulted in its comptroller, Dr Geannine Moss, being placed on administrative leave.
Baha Mar president seeks COVID protocol ‘pull back’
The Bahamas’ two mega resorts yesterday blamed Omicron for disrupting their “booking pace” and costing them critical group business as they called for COVID restrictions to be further eased.
Tourism demand up over 50% in vital US markets
The Bahamas’ key visitor source markets are “all up double digits” on tourism demand, it was revealed yesterday, with New York and Florida ahead by 56 percent and 40 percent respectively.
RBC racing to replace card amid fraud fears
Royal Bank of Canada (RBC) last night said it was racing to replace its “magnetic strip” debit cards in The Bahamas after fears were raised that they are vulnerable to fraud.
Ukraine invasion ‘serious concern’ for local tourism
Tourism executives yesterday warned that Russia’s invasion of Ukraine is a “serious concern” for The Bahamas’ post-COVID recovery as the sector pushed for further easing of health restrictions.
IAN FERGUSON: Ways to maximise your online selling
Taking your business online, and using a website that allows customers to access your goods and services, is no longer a highly technical challenge. Globally, most companies that have a physical store have already made strides in incorporating online sales into their business mix.
Bahamas ‘first’ to serve aviation security model
The Bahamas was yesterday said to have gained “a competitive advantage” through an aviation security “first” that will serve as a model for the US government’s international roll-out plans.
Contractors at ‘great risk’ in Act’s absence
An ex-Bahamian Contractors Association (BCA) president yesterday said enforcing legislation to protect the industry was “foremost” among its concerns as operators are at “great risk” without it.
Inflation drives 5% price rise at high-end project
A Bahamian developer yesterday disclosed he has increased prices on the multi-million dollar units in his latest project by 5 percent in response to soaring construction materials costs.
