Port slashes visitor projections by 1.1m
Nassau Cruise Port yesterday said it has slashed its 2021 arrival estimates by more than one million passengers, or 42.3 percent, due to Carnival and its affiliates delaying their return beyond end-March.
'Don't presume we'll sacrifice tourism for oil'
Bahamas Petroleum Company (BPC) was yesterday warned "not to presume that Bahamians will collapse and sacrifice the world's most successful per capita tourism industry" even if oil is discovered.
Retailer: US dollar payments dry up
A Bahamian retailer yesterday said US dollar notes have "pretty much disappeared" from circulation as he warned that the sector faced "a new reality" until the COVID-19 vaccine takes global effect.
Declining exam results labelled 'unsustainable' for GDP growth
A governance reformer yesterday warned the Ministry of Education not to lose sight of the fact this year's BGCSE exam results "create an unsustainable scenario" that will undermine GDP growth.
BPC 'halt' rejected over losses pledge absence
The Supreme Court refused to "stay" Bahamas Petroleum Company's (BPC) exploratory oil drilling because its opponents failed to give "a cross-undertaking" to cover potential losses from such delay.
December arrivals down 95% on 2019
The Bahamas saw total visitor arrivals for December 2020 slump by 95 percent year-over-year despite the re-opening of its two mega resort destinations and other major hotels.
ART OF GRAPHIX: Getting better returns from video marketing
In the past, research showed the average person spent 84 minutes or more per day watching online videos, and this is only expected to increase in 2021. Facebook Live videos have become incredibly popular, especially gardening and cooking videos, with 88 percent of marketers reporting they offered a positive return on investment. Many businesses were using video as a marketing tool in 2020, and 92 percent of those marketers credited this medium as an important part of their marketing strategy.
Bahamas institution nominated for award
A Bahamian financial institution and its affiliates have been shortlisted for Trust Company of the Year honours by a major international financial services awards ceremony.
Tour operators: Xmas volumes down to 20%
Tour operators yesterday revealed Christmas and New Year’s business volumes slumped to just 10-20 percent of pre-COVID levels, adding that this was simply insufficient to sustain a viable enterprise.
'Stop beating same horse' over taxation
Corporate Bahamas yesterday warned the Government it cannot "keep beating the same horse to get taxes" as it rejected any increase in National Insurance Board (NIB) rates in the near-term.
Bahamas to know if 'oil rich' within 6 weeks, says BPC
Bahamas Petroleum Company (BPC) yesterday hailed a Supreme Court verdict that likely removes all obstacles to completion of its first exploratory oil well within the scheduled 45-60 day timeframe.
NIB rate hikes: 'Can't get water from stone'
Businesses yesterday said talk of National Insurance Board (NIB) rate hikes is "a sign of what's to come", as they warned the Government: "You cannot get water out of a stone."
Town Planning urged: 'Grab oil exploration by the horns'
A prominent QC yesterday urged the Town Planning Committee "to grab oil drilling by the horns" after it became embroiled in the escalating legal battle over exploration in Bahamian waters.
NIB rate hikes 'always in play'
A Cabinet minister yesterday said the Government was mulling whether to implement National Insurance Board (NIB) rate increases that have long been put off.
Wrong e-mail caused blacklisting by France
The Bahamas was blacklisted by France because of an incorrect e-mail address, the attorney general has revealed to Tribune Business.
