Minister hails 7.216m tourism arrivals record
A Cabinet minister yesterday hailed The Bahamas’ record 7.216m visitor arrivals in 2019 as another “very impressive” sign of the industry’s post-Hurricane Dorian rebound.Dionisio D’Aguilar, pictured, minister of tourism and aviation, paid tribute to
False sense of security' over devaluation risks
The Bahamas would likely be forced to devalue its currency if a Hurricane Dorian-type storm made a direct hit on New Providence, an economic observer is arguing. Dr Jonathan Rodgers, the well known eye-doctor, argued that the government and Bahamian
Small business drive gains $600,000 boost
The Small Business Development Centre (SBDC) has received a $600,000 grant funding boost for its mission to create and empower more Bahamian entrepreneurs. K Peter Turnquest, deputy prime minister, hailed the funding from the Inter-American Developm
Cable gets $31m less for US exit
Cable Bahamas’ top executive yesterday conceded the $31m drop in the price received for exiting the US was “warranted”, but said: “It’s still a massive return for investors.” Franklyn Butler, the BISX-listed communications provider’s chief executive
Cavalier's collapse sparks lien law call
The Bahamas Society of Engineers (BSE) president yesterday said Cavalier Construction’s collapse has again exposed the “critical” need to end a 25-year wait for construction industry lien laws. Quentin Knowles told Tribune Business that such legisla
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.
