National debt now over $8bn
The Bahamas’ national debt broke through the $8bn mark during the quarter to end-September 2018 despite a reduction in its growth rate due to narrowing government deficits.
Retailers urge better duty-free promotion
BAHAMIAN retailers are hoping to see a pick-up in Christmas holiday sales heading into the weekend, with one executive telling Tribune Business that “word isn’t getting out fast enough” on the clothing and shoe price cuts stemming from the Government’s duty waiver.
Retailers seek ‘positive’ cruise line partnership
BAHAMIAN retailers yesterday called for a more “positive partnership” with the cruise industry, with one executive saying it is a “shame” that passengers are being discouraged from spending locally.
Bahamas wins two extra tourism awards
The Bahamas has won two awards from the largest website covering Caribbean travel and tourism.
Port bidder: ‘Majority’ of $250m for Bay St
A Nassau cruise port bidder yesterday pledged that the “majority” of its $250m investment will be spent outside Prince George Wharf to help bring Bay Street “back to life”.
‘Fairly managed’?: Only if cruise port is independent
Nassau needs an independent port operator to “manage it fairly” and maximise the economic benefits from the cruise industry’s rapid expansion, one bidder argued yesterday.
$225m cruise bid: ‘Everybody wins’
Another Nassau cruise port bidder declared its hand yesterday by pledging the facility’s $225m transformation into the “Gateway to the Caribbean” under majority Bahamian ownership.
Christmas miss on CLICO payout
CLICO (Bahamas) clients are unlikely to receive a much-needed Christmas gift after a top government official yesterday confirmed their latest payout is unlikely to be made in time.
Cruise bidder plans ‘biggest offering in Bahamian history’
A Nassau cruise port bidder yesterday said it its targeting “the biggest offering in Bahamian history” by giving 20,000 locals a chance to own a piece of its $250m project.
S&P: ‘Reforms will take time to pay off’
The Government last night hailed its success in breaking “the perpetual cycle of credit rating downgrades”, despite Standard & Poor’s (S&P) warning its reforms will “take time to pay dividends”.
Bay St ‘survival’ fears over cruise industry port bid
A former downtown Nassau retailer yesterday expressed concern that many remaining businesses may not “survive” if the cruise line-backed bid to take over the port is successful.
‘Not out of woods’ on financial crime rating
The Bahamas cannot afford to “prematurely celebrate” its upgraded compliance with global anti-financial crime standards when it remains on two “watch lists” and under “enhanced” scrutiny.
Private sector not against regulation - just its inefficiency
Bahamian businesses are not opposed to regulation, just its inefficiencies, two private sector leaders have told Tribune Business.
Fishermen seek ‘pick-up’ despite poaching threat
BAHAMIAN fishermen have begun to finally see a “pick-up” in their harvest this crawfish season, a top executive said yesterday, warning that poachers “aren’t easing up” and have changed their tactics.
Bahamas on track through rail link-up
The Bahamas has ramped up its tourism marketing efforts in Florida through a partnership with Brightline, the high-speed rail system that connects major cities in the Miami area.
