‘Cut hip’ for Kanoo over tourism delay
A Cabinet minister says he would “take a cut hip any day” for selecting Kanoo as the Bahamas health travel visa’s payment processor as opposed to delaying tourism’s late 2020 restart.
Bahamas to ‘recalibrate’ airlift with airports PPP
The Bahamas is seeking to “recalibrate the aviation asymmetry” that results in more than two-thirds of international flights coming to Nassau as opposed to other islands, it was revealed yesterday.
Six airports to need more than $150m funding
Six Family Island airports will probably require a greater collective investment than the $150m a Bahamian merchant bank is seeking to raise from local investors, it was revealed yesterday.
Atlantis ‘close to 90%’ occupancy in coming weeks
Atlantis will operate at “close to 90 percent occupancy” over the next few weeks, its top executive revealed yesterday, with all properties apart from the Beach Towers having re-opened post-COVID.
GB airport revival pegged at $200m
A $200m investment is required for the “comprehensive redevelopment” of a Grand Bahama International Airport (GBIA) that lost more than $13m in the two-and-a-half years before the government acquired it.
Financier warns over home port ‘backdraft’
An international financier with experience in infrastructure projects in The Bahamas yesterday warned that the “backdraft” from cruise home porting can have a “sucking effect” on other types of tourism.
Delivery provider eyes ‘digital storefront’ app
An online delivery provider yesterday revealed it is creating an app to provide “digital storefronts” for small businesses struggling to develop such solutions of their own.
BFSB chief awaits talks over ‘structural reform’
A senior Bahamas Financial Services Board (BFSB) chief executive yesterday said she anticipates wide-ranging talks on “overall structural reform” to make the economy more resilient will take place shortly.
Former health official beats CIBC strike-out
A former top public health official has seen his six-figure claim against CIBC FirstCaribbean International Bank (Bahamas) survive a strike-out bid by the BISX-listed financial institution.
Insurer’s $5m payout to boost equity return
A Bahamian insurer will “significantly reduce our cost of capital” by redeeming $5m in preference shares as it awaits regulatory approval to acquire an agency owned by one of its main shareholders.
Hope Abaco’s port PPP can ‘dodge bullet’
Abaco stakeholders yesterday voiced hope that the government is not too late to “dodge a bullet” with plans to seek a public-private partnership (PPP) for the rebuilding of Marsh Harbour’s sea port.
Realtor enjoys 300% sales volume growth
A prominent Bahamian realtor says sales volumes have increased by 300 percent year-over-year during the 2021 first half, with average sales prices hitting a record $2.7m.
Financial services shed nearly 160 jobs in 2020
The Bahamian financial services industry shed almost 160 jobs in 2020, a Central Bank report has revealed, with the banking sector suffering multi-billion dollar declines in “balance sheet” and “fiduciary” assets.
100% debt ratio will ‘only partially subside’
The Central Bank is warning that The Bahamas’ near-100 percent debt-to-GDP ratio will “only partially subside” as the economy begins its recovery from COVID-19’s devastation.
BTVI president says Bahamas ‘must do better’ on education
The Bahamas Technical and Vocational Institute’s (BTVI) president says The Bahamas must produce better-qualified workers as 60 percent of employers are unable to find the staff they need.
