Use Disney to 'rewrite our old cruise model'
The “largest investment in South Eleuthera for generations” could give The Bahamas a chance to “rewrite an outdated 20 year-old cruise model”, a prominent businessman believes.Thomas Sands, emphasising that he was speaking as a private citizen, and n
Storm insurance eyed for fisheries, farming sectors
A Cabinet minister says he will hold talks with the Caribbean Disaster Emergency Management Agency (CDEMA) on providing “sector-wide” hurricane insurance for Bahamian farmers and fishermen.Michael Pintard, minister of agriculture and fisheries, who i
Underfunded public pensions bigger than national economy
The underfunding of The Bahamas’ public sector pensions “poses a serious long-term challenge” because these liabilities are collectively larger than this nation’s economy.The Inter-American Development Bank (IDB), in latest Caribbean Quarterly Bullet
Privy Council vindicates Bahamasair personnel
Bahamasair’s maintenance staff were yesterday vindicated by the highest court in the Bahamian judicial system, which ruled they were not to blame for an April 20, 2007, plane crash.The London-based Privy Council, in reinstating the original Supreme C
Bahamian airlines 'hold on for dear life'
A Bahamian aviation executive has warned that taxes threaten to “stagnate” this nation’s aviation sector, with private domestic carriers “holding on for dear life”.Captain Randy Butler, Sky Bahamas chief executive, told Tribune Business: “We have to
Bahamasair eyeing Caribbean alliance
Bahamasair is interested in “tying into” the regional Caribsky airline alliance as a way to establish improved connectivity with the Caribbean.During the Sky Is The Limit workshop at the State of the Tourism Industry Conference (SOTIC), held last wee
Lucayan chair slams 'nasty, torturous' close
The Grand Lucayan’s chairman yesterday accused Hutchison Whampoa of displaying “a lot of bad faith” over the $65m deal’s closing, branding negotiations as “nasty and torturous”.Michael Scott, chairman of Lucayan Renewal Holdings, the Government-owned
Marinas enjoy up to 40% rise in boat traffic
BAHAMIAN marina operators have seen as much as a 40 percent increase in business year-over year, their Association’s executive director said yesterday.Basil Smith, speaking for the Association of Bahamas Marinas (ABM), told Tribune Business: “Things
Govt VAT clarity to unleash $1bn of development
More than $1bn in real estate projects may have been unleashed, and “a serious challenge to home ownership” removed, after the Government clarified that the sector can reclaim VAT “inputs”.Developers yesterday told Tribune Business they had been give
Landfill contract is 'blueprint for future'
The contract for the New Providence landfill’s management will establish “a blueprint for the future” that can be applied throughout The Bahamas, a Cabinet minister has revealed.Romauld Ferreira, pictured, minister of the environment and housing, tol
Bahamians pay price of ‘double BPL whammy’
Bahamian businesses and households are paying the price of “a double whammy” caused by the recent fires at Bahamas Power & Light’s (BPL) Clifton Pier plant, it was revealed yesterday.
IAN FERGUSON: The economic benefit from being authentic
Every weekend, the Ministry of Tourism’s Authentically Bahamian Marketplace features hand-made Bahamian craft and souvenir products. Visitors and locals alike have an opportunity to experience indigenous food, craft, music and other aspects of Bahami
Flag carrier's chief backs standardised regulations
Bahamasair’s top executive yesterday said a “commonised” regulatory structure for airlines operating within the Caribbean could increase passenger traffic and intra-region connections.Tracey Cooper, a panellist during a session on aviation at the St
Bahamasair chief: Taxes exceed tickets revenue
TAXES and fees account for up to 50 percent of airline ticket costs in the Caribbean, it was revealed yesterday, with Bahamasair’s top executive admitting these levies sometimes exceeded airline ticket revenue.Tracy Cooper, pictured, the national fla
American Airlines grows Chicago-Nassau route
American Airlines will offer year-round service between Chicago and Nassau starting from summer 2019, expanding the route from a seasonal winter service.The move strengthens the carrier’s commitment to The Bahamas, and rounds out its current roster o
