Communications sector rebounds from 5-year low
The Bahamian electronic communications industry recovered from a five-year low in 2018 to grow its total revenues by three percent to $390m in 2019, sector regulators have revealed. The Utilities Regulation and Competition Authority (URCA), in its 2
BPL outage ‘once in a blue moon event’
Bahamas Power & Light’s (BPL) island-wide blackout was caused by a “once in a blue moon” event, a Cabinet minister said yesterday, adding that he was “more comfortable than I’ve ever been” about summer reliability.
COVID-19 makes BPL’s reliability ‘far more critical’
The Chamber of Commerce’s chief executive yesterday said the COVID-19 pandemic has made it “even more critical” that Bahamas Power & Light (BPL) provides stable energy supply.
Developer slammed on 'outrageous' airport fees
Norman’s Cay homeowners and the Bahamian aviation industry yesterday blasted the “outrageous” fees imposed by the island’s private airport operator in a bid to recover some of its $10m investment in the facility.Tribune Business was told that Exuma R
Taxi drivers seek 'sanitisation booth'
The Bahamas Taxi Cab Union’s (BTCU) president yesterday called for the creation of “sanitisation booths” to ensure vehicles are sanitised after every fare once the economy is re-opened after the COVID-19 lockdown.Wesley Ferguson told Tribune Business
Focus on compliance, not Europe's blacklist
Life is about perspective and so is business. There were various public comments denouncing the European Commission’s actions when it last week essentially “blacklisted” The Bahamas yet again. What appears to have concerned both public officials and
Tourism in 'advanced' stage on recovery plan
The Bahamian tourism industry was yesterday said to have reached an “advanced stage” in crafting a plan for its recovery and market re-entry through a process involving multiple stakeholders. The Bahamas Hotel and Tourism Association (BHTA), in a st
Tourism awaits health 'green light' to re-open
The Bahamian tourism industry is awaiting the “green light” from the Ministry of Health on when it can re-open to foreign visitors, a Cabinet minister said yesterday. Dionisio D’Aguilar, pictured , minister of tourism and aviation, speaking outside
Grand Lucayan's buyer: 'We've secured liquidity'
The joint venture purchaser/developer of Freeport’s Grand Lucayan resort last night said it has “secured the required liquidity” for its planned $300m project and will shortly discuss “timelines” with the government. Robert Shamosh, Holistica Destin
PM douses PLP fire on Bahamas Ferries charges
The prime minister was last night said to have sold his ownership interest in Bahamas Ferries after coming under fire from political opponents over changes made in the latest Emergency Powers (COVID-19) Order. Philip Davis, the Progressive Liberal P
COVID-19’s ‘last chance’ for Freeport’s resurrection
The COVID-19 pandemic is “the last opportunity to resurrect Freeport” and create a platform for the Bahamian economy’s “resurgence”, an outspoken QC argued yesterday.
URCA targets ‘accuracy’ of BPL fuel levy
Energy regulators are prioritsing the creation of a formula for determining how Bahamas Power & Light (BPL) calculates the fuel charge component of customers’ bills to ensure it “accurately reflects” true costs.
‘Totally devastating’: Water corp revenues shrink 61%
Hurricane Dorian and the COVID-19 pandemic have dealt a “completely devastating” blow to the Water & Sewerage Corporation’s cash flow with April revenues down 61 percent, its executive chairman revealed yesterday.
Bimini Chamber backs 2-week island lockdown
Bimini’s Chamber of Commerce president yesterday said he backed locking the entire island down for two weeks as a means to eliminate the COVID-19 virus and prevent its spread.Edward Reckley told Tribune Business: “From my team - and also the administ
Grand Lucayan waiting on $20m Dorian claim
The Grand Lucayan has yet to receive its expected $20m Hurricane Dorian insurance claim payout even though the property’s sale to the Royal Caribbean/ITM joint venture was completed over two months ago. Michael Scott, chairman of Lucayan Renewal Hol
