Coral restoration pioneer in $8m-plus ‘huge boost’
A Bahamas-headquartered coral restoration pioneer yesterday said it plans to “showcase” its new eco-tourism experience by year-end after receiving a “huge boost” from $8m-plus in new financing.
Coconut processor’s ‘foreign is better’ fear
A husband-and-wife entrepreneur duo are voicing fears their proposed joint venture with government to create “a sustainable coconut processing industry” is being sidelined because “foreign is better”.
DEIDRE BASTIAN: First impressions vital to generate business
In this fast-paced, competitive business climate, it is essential to begin every commercial relationship in the best way possible because the “first impression” is a valuable asset.
Hoteliers fearing disruption from Silver Airways closure
Abaco hoteliers yesterday voiced fears that Silver Airways’ failure will disrupt airlift access at a critical point in the tourism season as the carrier provides 87,000 seats to the island annually.
Rival carriers fill void left by Silver Airways
Rival airlines yesterday said they have already increased flights to The Bahamas in a bid to fill the void created by Silver Airways demise.
Bahamasair partners to boost airlift connectivity
Bahamasair and Emirates Airlines have partnered in a bid to improve airlift connectivity to The Bahamas and drive more of the former’s US-bound passengers to this nation.
Ministry targets stopover rise in Florida marketing missions
The Ministry of Tourism is conducting a series of regional sales and marketing missions in Florida - with Deputy Prime Minister Chester Cooper saying the goal is to increase the amount of stopover visitors.
Yntegra survey ‘does not reflect local views’ - SEA
An alliance of businesses said a recent survey that suggested 68 percent support for a luxury development on Sampson Cay does not reflect local views.
Opposition: Gov’t ‘making mockery’ of fiscal guards
The Opposition’s finance spokesman is accusing the Government of “making a mockery” of The Bahamas’ fiscal responsibility laws by seeking to change revenue and spending targets “on a whim”.
Gov’t targets $1.88bn debt slash over four-year cycle
The Government is projecting it will cut its direct debt by $1.883bn over the next four fiscal years and achieve its targeted 50 percent debt-to-gross domestic product (GDP) ratio one year ahead of schedule.
National Development Plan not moving ‘nearly as fast as I’d like’
Efforts to give the National Development Plan a legal footing are moving “not nearly as fast as I would like”, its steering committee chairman conceded yesterday.
Taxpayer subsidy payouts to hit $526m in four years’ time
Taxpayer subsidies to loss-making government enterprises are forecast to increase by $75m over the upcoming four fiscal years to hit $525.6m in 2028-2029, it has been revealed.
Minister hails ‘record’ $123m revenues from Immigration
A Cabinet minister yesterday said the Immigration Department has generated “record revenue” of more than $123m during the first ten months of the current 2024-2025 fiscal year.
Minister: ‘We’re this close’ on $290m hospital funds
A Cabinet minister yesterday revealed “we’re this close” to finalising the $290m financing for New Providence’s new hospital even though this was not included in the 2025-2026 Budget.
NIB eyes $32m deficit despite income jump
A Cabinet minister yesterday said the National Insurance Board (NIB) is forecast to suffer a $32m deficit in 2025 despite earning an extra $4m per month in contribution income from last year’s rate rise.
