Trust eyes 10 PPPs for National Parks
The Bahamas National Trust (BNT) yesterday revealed it is “exploring” ten ventures with private entities involving the country’s National Parks, but pledged: “Nothing unethical will be allowed.”Eric Carey, pictured, the BNT’s executive director, conf
Cruise Group pledges 1.3m visitor rise
A Bahamian majority-owned group plans to transform Nassau’s cruise port into a “must call destination” that will attract an extra 1.3m visitors annually by 2028.The Global Ports Holding-led group, in their “unsolicited” July 2018 offer to the Governm
Consultants ‘on hold’ amid BPL union uproar
Foreign consultants hired by Bahamas Power & Light (BPL) were last night put “on hold” amid union uproar over a project “critical” to ensuring Nassau residents have reliable power in 2019.
Fiscal Responsibility must 'top the docket' when House returns
The Government and governance reformers were yesterday in agreement that passage of the Fiscal Responsibility Bill must be “top of the docket” when Parliament resumes on September 19.KP Turnquest, pictured, deputy prime minister, told Tribune Busine
$18.8m credit shrink exposes weakness
Persistent private sector and consumer weakness was further exposed by July’s $18.8m credit contraction, with total banking sector loan arrears also slightly increasing to $835mThe Central Bank, in its July economic update, said: “Private sector cred
CIBC branch to serve only Baha Mar staff
CIBC FirstCaribbean has expanded its branch network with a location that will only serve Baha Mar’s 5,000-strong workforce.The new branch, which is not accessible by the general public, features a sales and self-service centre as well as two full-ser
'Minimal' fall resort' closures on abaco
Ministry of Tourism officials yesterday said there will be “minimal” hotel closures in Abaco this fall due to the increase in stopover visitors to The Bahamas.Wynsome Ferguson, manager of the Abaco Tourist Office, said all hotels in Marsh Harbour and
$16bn boost through cruise port overhaul
A majority Bahamian consortium is predicting that its plans to transform Nassau’s cruise port will give the economy a $16bn boost spread over 30 years.Global Ports Holding, the international cruise port manager, in a July 16, 2018, proposal to the Go
Baha Mar drives 32% increase in room revenues
Baha Mar’s full opening helped drive a 32 percent room revenue increase among major hotel properties for the 2018 first half, although room rates rose by a much smaller amount.The Central Bank, in its monthly economic report for July, credited the $4
BISX listee in blockchain trading deal
A BISX-listed company yesterday predicted it will achieve a “pre-eminent position” after acquiring the exclusive Bahamian licence for a blockchain and digital currency trading platform.
Beauty queen demanded $1m for song worth $750
A Bahamian beauty queen demanded a $1.1m settlement for the Ministry of Tourism’s unauthorised use of her song just weeks after she licensed its five-year use for only $750.The ministry, in its latest legal salvo against the copyright violation lawsu
Govt's Grand Lucayan deal 'not a huge risk'
The Government’s $65m Grand Lucayan purchase is “not a huge risk”, the GB Chamber president asserted yesterday, with the alternative a repeat of the “Royal Oasis fiasco”.Mick Holding told Tribune Business that allowing “the status quo” to continue at
Nassau gains 15% airlift capacity boost
Seat capacity on flights from key US tourist markets to Nassau is expected to increase by almost 15 percent over the next six months, it has been revealed.Nassau Airport Development Company (NAD), the company that runs Lynden Pindling International A
Cruise port bid RFP ‘ready in 2-3 weeks’
The Government plans to complete a formal bid document for outsourcing management of Nassau’s cruise port within the next two to three weeks, a Cabinet minister has revealed.
DPM fears ‘more fiscal pressure’ in web shop battle
THE web shop industry’s legal challenges to the Budget tax increases will “put more pressure” on the Government’s 2018-2019 fiscal forecasts and could force some “cut backs,” the Deputy Prime Minister has admitted.
