Nassau auto pool rises faster than population
New Providence’s transport system is not supporting its “economic, social, or environmental well-being”, an Inter-American Development Bank (IDB) report has affirmed, with the number of cars on-island growing faster than the population.
Airlines say fare rises are ‘almost automatic’
Rival airline operators yesterday said it is “almost automatic” that ticket prices will increase to partially offset soaring fuel costs after Bahamasair revealed its fares have risen.
Gas margin rise ‘non-starter’ despite fairness questions
A Cabinet minister yesterday ruled out increased margins for gas station dealers as “a non-starter” even though a major petroleum supplier conceded that current volatility “calls into question the fairness” of the industry’s pricing structure.
Out Island hotels ‘dial up volume’ to offset fuel hike
Out Island resorts are “dialling the volume up” on air fare and fuel credits in a bid to offset the impact of fuel price volatility on airline tickets, a senior executive has revealed, thus enabling them to avoid slashing room rates.
Gas station shut down to ‘bring country to halt’
A gas station shut down would “bring the country to a halt” and threaten the “nascent recovery” from COVID-19, a governance reformer warned yesterday, adding that such a move would be “ill-advised”.
Private bank worker’s $58k win overturned
A private bank employee has seen a $58,000 damages award against her former employer overturned after she breached its client confidentiality policies in deciding to complete work assignments at home.
Treasure Cay buyer refuses $20m bond
A controversial purchaser of Abaco’s Treasure Cay Resort has failed to lodge a $20m bond demanded by the seller, North Abaco’s MP confirmed yesterday.
Full churches to boost funeral employment
The Bahamas Funeral Directors Association’s (BFDA) president yesterday said the post-COVID return of 100 percent church occupancy will enable the industry to hire more people.
Tourism giants in ‘coral reef gene bank’ move
Conservationists are partnering with Atlantis and Disney to create a “coral reef gene bank” to save several Bahamian species in danger of being wiped out by disease, Tribune Business can reveal.
Super Value chief: Food price peak ‘in 6 months’
Super Value’s principal is optimistic that soaring global food prices could peak “in six months’ time” as it relies on high warehouse inventories and “forward bookings” to mitigate the impact on Bahamian consumers.
‘Leave us alone and we’ll blow 2018 GDP out water’
Abaco’s economic output “will come roaring back and blow 2018’s figures out of the water” if the island’s recovery is freed from the Government’s constant rule changes, its Chamber of Commerce president argued yesterday.
Gas dealers: 50% margin rise to avoid Easter strike
Gas station operators are seeking a 50 percent margin increase and for its calculation to be based on a percentage, as opposed to a fixed amount, amid threats that up to 80 percent of them may strike this Easter weekend.
Soaring prices
ActivTrades
THE US Federal Reserve apparently intends to raise interest rates significantly – and reduce the balance sheet. Fed Reserve governor, Lael Brainard, signalled this aggressive action.
HUBERT EDWARDS: The Moody’s verdict on state of The Bahamas
In the first of a two-part series, Hubert Edwards examines the implications of the rating agency's assessment for the country's economic and fiscal outlook.
Address Dorian-spill liabilities in South Riding sale approval
Activists are urging the Government to ensure all environmental and financial liabilities stemming from the Dorian-related oil spill at South Riding Point are properly addressed in the approval for the facility’s potential sale.
