Event to put Bahamas 'on the yachting map'
The first Bahamas Charter Show is aiming to “put this nation on the yachting map”, it was revealed yesterday, with more 20 boats and 80 registered brokers already registered to attend. Dr Kenneth Romer, the Ministry of Tourism’s executive director o
$188m SOE subsidy 'definition of insanity'
The government is awaiting “imminent” receipt of a study on how to “optimise” the loss-making state-owned enterprises (SOEs) responsible for virtually its entire first half $188m fiscal deficit.
Polymers lays-off 11 as plastics ban bites
Polymers International last night confirmed it had terminated 11 employees due to “reduced demand” for its products as a result of the growing global ban on Styrofoam and single-use plastics. Greg Ebelhar, the Freeport-based manufacturer’s chief ope
DRILLING ON OFFSHORE PLATFORM IMMINENT
A Bahamas-based oil explorer yesterday said it is “ready to deliver” on a 14 year-old promise after confirming it will drill its first exploratory well in Bahamian waters in April 2020.
Minister 'won't intervene' on Compass Point issue
Compass Point’s owner has been urged to resolve his hotel licensing grievances with the regulator, a Cabinet minister saying: “This is not a case where I can intervene.” Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Business tha
Disney unveils website for its Eleuthera project
Disney Cruise Line has unveiled a website dedicated to its Lighthouse Point project in a bid to keep Bahamians informed about progress on the Eleuthera-based destination. The website, www.DCLLighthousePoint.com, was designed by a Bahamian company, F
Internet gives 30% boost for Bahamian tourism forecasts
The Bahamian tourism industry’s ability to accurately predict visitor arrivals trends increases by 30 percent if it incorporates Internet search data into its forecasts, an IMF paper has revealed. The report Where should we go? Internet searches and
Caribbean AG tells Bahamas: 'get into the digital asset race'
A former Caribbean attorney general is urging The Bahamas to “get into that race” of digital currency regulation as a means to overcome its traditional challenges with economic scale.John McKendrick QC, Anguilla’s ex-top law enforcement officer, told
Battle over The Pointe's Margaritaville heats up
Attorneys for Margaritaville’s Bahamian franchisee yesterday said 79 percent of the brand’s defenses have been dismissed as their bid to block its tie-up with the $250m Pointe project heats up. Todd Levine and Adam Steinberg, who are acting for Boss
$130m VAT increase allays fears over hike
The $130m year-over-year increase in first half VAT revenues proves that the 12 percent rate hike has “not dampened” consumer spending, a top Ministry of Finance official argued yesterday. Marlon Johnson, the Ministry of Finance’s acting financial s
Island Luck co-founder a 'fugitive', says judge
A federal judge has branded one of Island Luck's co-founders a "fugitive" from US justice in rejecting his bid to have near-decade old human smuggling charges thrown out.
$187m loss-makers match fiscal deficit
The $186.7m in subsidies to loss-making state-owned enterprises (SOEs) over the six months to 2019 year-end almost exactly matches the government’s deficit for that period, it was revealed yesterday.The government’s “fiscal snapshot” for the first ha
Renewable fear over BPL bond
A union leader has voiced fears that Bahamas Power & Light (BPL) will be unable to meet repayments on its $580m bond as its largest, wealthiest customers race to adopt renewable energy.
Bahamas featured at Lauderdale art show
The Bahamas was prominently featured at the four-day Art Fort Lauderdale fair, where one luxury home featured Junkanoo pieces and other cultural selections including music. The home designated “Bahamas Haus” was co-sponsored by the Ministry of Touri
Consumers urged: Take charge of energy reform
Renewable energy advocates are urging Bahamian consumers to “take charge” of their consumption and become more “independent” if they are to lower costs and be more environmentally-friendly. Philip Feller, general manager of SuperGreen Solutions, spea
