Bahamas in 37% January tourism bookings swing
The Bahamas enjoyed a near-37 percent positive swing on January stopover bookings within six weeks, it was revealed yesterday, eliminating fears that tourism officials needed to “pack and go home”.Joy Jibrilu, the Ministry of Tourism’s director-gener
IPO plan for $170m renewable vehicle
Bahamian investors will ultimately be given the opportunity to own the government’s $170m renewable energy financing vehicle through a public share offering, it has been revealed. An Inter-American Development Bank (IDB) report obtained by Tribune B
'Enough is enough' over GB's airport
The government was yesterday urged to “bite the bullet” and move rapidly to acquire the Grand Bahama International Airport, with a prominent hotelier blasting: “Enough is enough.”Magnus Alnebeck, the Pelican Bay resort’s general manager, voiced fears
Bahamian broker 'in perfect storm'
A Bahamian broker/dealer yesterday said it was caught in “a perfect storm” after becoming embroiled in a scheme that has allegedly cost thousands of small investors a collective $4m-$5m.Anthony Stubbs, IX Capital Group’s chief executive, told Tribune
Realtor appoints new sales agent
Damianos Sotheby’s International Realty has appointed Sarah Chemaly as the latest agent to join its sales team. Lana Rademaker, Damianos Sotheby’s chief brokerage officer, said: “We’re excited to be kicking off the New Year with a new team member. S
Oil explorer to 'showcase' £2m fund to big investors
Advisers to a Bahamas-based oil explorer will showcase its £2m investment fund to sophisticated and institutional investors during a presentation at Luciano’s this week.The BPC Investment Fund, which began taking investor subscriptions on January 6,
Stopover arrivals up 8.1% in ‘record’ 2019
The Bahamas shrugged-off Hurricane Dorian’s impact to enjoy “a record-breaking tourism year” as total 2019 stopover arrivals increased by 8.1 percent to 1.78m.
Downtown chief pledges area’s ‘transformation’
The Downtown Nassau Partnership’s (DNP) managing director yesterday pledged that Bahamians and tourists will witness “a major transformation” of the area “within the next two to three years”.
GB ‘really getting back’ into tourism
The Bahamas’ top tourism official yesterday said Grand Bahama was “really getting back into business” with 84 percent of hotels, and 55 percent of the island’s attractions, now receiving visitors.
BPL: One-third of Out Island generation ‘at end of its life’
Around one-third of Bahamas Power & Light’s (BPL) Family Island power generation capacity is “at or beyond the end of its life”, an Inter-American Development Bank (IDB) report revealed yesterday.
PI hotel unveils downtown ferry
A major Paradise Island hotel plans to transport guests by boat to downtown Nassau twice a day to give them a “new experience”, its general manager has revealed.Benjamin Davis, the Warwick hotel’s senior executive, told Tribune Business: “We plan to
Minister to 'tighten' up work permits
A Cabinet minister yesterday said he was behind a planned “tightening” of understudy programmes so that Bahamians are properly trained up to replace expatriate work permit holders. Dion Foulkes, minister of labour, said outside the Cabinet Office th
Demand for Bahamas up 23% before Dorian
Demand for a Bahamas vacation increased by almost 23 percent year-over-year prior to Hurricane Dorian striking the northern islands, Expedia has revealed. Executives with the online travel agent and search engine revealed that for the period from Ja
Minister 'won't jump gun' on increasing NIB rates
The government has yet to decide whether National Insurance Board (NIB) contribution rates will increase to safeguard its financial sustainability, a Cabinet minister said yesterday.Brensil Rolle, pictured, minister for the public service and Nationa
Govt working to get Cavalier staff due severance
The Ministry of Labour was yesterday working with Cavalier Construction to ensure the 54 employees it terminated last week receive all the severance pay and benefits due to them under the law. Dion Foulkes, minister of labour, said his ministry was i
