Abaco resort’s business beats pre-Dorian levels
A well-known Abaco resort yesterday said business volumes have picked up to a level that now exceeds pre-Dorian trade.
Tourism’s growth pace ‘unwinds’ from rapid post-COVID rebound
The Central Bank yesterday said tourism’s growth continues to “unwind from the rapid recovery” enjoyed post-COVID with July’s increase in higher-spending air arrivals “more tempered” than cruise passengers.
Gov’ts $102m deficit swing shrugs off VAT undershoot
The Government says it has broken the long-standing trend of May Budget deficits with a $101.7m positive swing that generated a near-$26m monthly surplus for the recently-closed 2023-2024 fiscal year.
Construction ‘into the meat’: New permit value near-triples
The Bahamian construction industry is “just getting into the meat of what it can do” after the value of new building permits issued during the 2024 first quarter near-tripled year-over-year.
Bank eyes solar after $6.5m expense jump
Commonwealth Bank is eyeing investments in solar energy “to help control” electricity costs after its general and administrative (G&A) expenses jumped more than $6.5m for the 2024 half-year.
‘Crippling’ for economy if Abaco ports not resolved
A Cabinet minister has acknowledged growing concerns over the fate of Abaco’s two commercial shipping ports amid fears this could be “crippling” for the island’s economy if unresolved.
Marinas brace for ‘worst Labour Day in a decade’
Bahamian marinas were yesterday said to be facing “the worst US Labour Day weekend we’ve seen in the last decade” with electricity costs up 25 percent “over usage” under BPL’s new rate structure.
Ocean Club plans 30-day temporary closure
A HIGH-END Paradise Island resort is set to temporarily close for 30 days to permit upgrades to two restaurants, it was revealed yesterday.
‘Not out of whack’: Fired Gaming Board staff win $1.9m damages
A TRADE union leader yesterday defended the near-$1.9m total damages awarded to five former Gaming Board staff for wrongful and unfair dismissal as “not out of whack”.
Auto chief: No alarm on ‘30% dip’ in used cars
THE Bahamas Motor Dealers Association’s (BMDA) president yesterday said a recent “30 percent dip” in his firm’s used vehicle sales is no cause for alarm amid plans to close 2024 “with a bang”.
Shipyard to generate 1,200 jobs with $665m expansion
THE majority of the 1,200 jobs set to be created by the Grand Bahama Shipyard’s $665m dock expansion will go to full-time Bahamian workers, the Prime Minister said yesterday.
Tourism arrivals jump 14% to 5.7m for 2024 half-year
THE Bahamas enjoyed a 14 percent year-over-year increase in total visitor arrivals to 5.7m for the 2024 half-year, it was disclosed yesterday.
GB businessman fears key bridge now ‘at 50%’
A GRAND Bahama business proprietor yesterday voiced fears that a key bridge for many businesses and residents is “at 50 percent” and “could collapse any time on the western side”.
PM: Carnival’s $600m port ‘truly invigorating’
THE Prime Minister says it is “truly invigorating” to see Carnival’s $600m Celebration Key cruise port transitioning from concept to physical reality.
Customs chief: Morale can’t be low with revenue up 33%
Customs’ top official yesterday dismissed internal criticisms of his leadership, and allegations of low Department morale, by pointing to the 33 percent increase in revenues collected over the past three years.
