Abaco milk runs dry as blows ‘piling on’
Abaco’s Chamber of Commerce president yesterday said economic blows keep “piling on top of each other” for the Dorian-ravaged island which has presently run out of milk.
Realtors back reform call on ‘antiquated’ Condo Act
Senior realtors yesterday backed a Supreme Court judge’s call to reform the “antiquated” Condominium Act because “everything gets thrown off” in a sale by the slightest error in unit size.
Central Bank: Inflationary pressure to be ‘contained’
The Central Bank yesterday forecast that “inflationary pressures will remain contained” while The Bahamas’ foreign currency reserves will close 2022 above “international benchmarks”.
December air arrivals hit 85% of pre-COVID levels
Air arrivals for December 2021 reached close to 85 percent of their pre-COVID levels, the Central Bank revealed yesterday, increasing almost four-fold compared to 2020 figures.
Judge urges Condo Act reform over PI blunder
An architect’s blunder has ensnared a multi-million dollar Paradise Island project in multiple legal battles and prompted a Supreme Court judge to call for the Condominium Act’s reform.
Boat charter fee payers in $20m ‘consumable’ boost
Visiting yachts/boats who paid their charter fees via the Association of the Bahamas Marinas (ABM) portal spent $20m on “just consumable” purchases in the local economy, its president says.
‘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
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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.
