Hotel chief ‘not seeing’ repeat of 2023 growth
The Bahamas has “much work to do” in the 2024 second half with the resort industry “not seeing” the growth it enjoyed during the same period in 2023, a senior hotelier warned yesterday.
Thai boxing champ in up to $25m investment
A THAI boxing world champion from France is willing to invest a further $20m to $25m in developing the Champion Spirit Country Club as a fitness/wellness facility in western New Providence.
GB Power’s extra squeeze on Freeport’s few survivors’
FREEPORT’S “few survivors” are being forced into ever “increasing losses” through cost hikes passed on by Grand Bahama Power Company and other major operators, a hotelier warned yesterday.
‘No stone unturned’: Fidelity’s $9m profits perfectly paced
A BISX-listed bank yesterday said it is leaving “no stone unturned” after disclosing that its six-month profits are near-perfectly on pace to hit 2024’s full-year target of $18m.
‘Strengthened’ URCA asserts any GBPA rate approval illegal
URCA yesterday drew on its newly “strengthened” position to assert it would be illegal for the Grand Bahama Port Authority (GBPA) to approve the 6.3 percent base rate hike sought by GB Power.
Money broker on hold after ‘illegal’ warning
A MONEY broker yesterday revealed its operations have been placed on hold after receiving a warning from the Securities Commission that it was conducting business “illegally”.
‘Smart cities’ promise comes with challenges
The concept of Smart Cities is revolutionising urban living, ushering in an era where technology and data are the cornerstones of efficient, sustainable, and livable environments.
Rosewood partners on 500-job Exuma project
ROSEWOOD Hotels & Resorts yesterday confirmed it has teamed with a Miami-based investment company to brand a new development in the Exuma cays billed as creating 500 Bahamian jobs.
Bahamas ‘resolves’ all US aviation audit
THE deputy prime minister last night said The Bahamas has “resolved” all findings by US aviation regulators to maintain its top-tier standing with them.
GBPA teams with university to ignite local entrepreneurs
The Grand Bahama Port Authority (GBPA) has teamed with the University of The Bahamas (UB) in a bid to narrow the gap between academic theory and practical application for students.
Investor needs rezone to secure $5.6m investment
AN INVESTOR will tonight seek to secure his $5.6m south western New Providence purchase at a hearing to rezone a property that two government agencies assured him was for commercial use.
Bimini airport overhaul set to begin fall 2024
THE lead investor in the consortium spearheading Bimini airport’s $80m redevelopment yesterday branded the project as an “incredible opportunity” with construction work set to start this fall.
Concerns voiced over Exuma marina switch
ENVIRONMENTAL advisers to an Exuma-based developer yesterday voiced concerns over a neighbouring resort project’s decision to relocate its marina.
Pintard: ‘Deep concern’ on $100m Beaches revelation
THE Opposition’s leader yesterday said he was “deeply concerned” that only the Government - and not Sandals itself - has publicly confirmed specific details on the Emerald Bay resort’s $100m redevelopment.
GB Power: 75% won’t see bills increase despite base rate hike
THREE-QUARTERS of Grand Bahama Power Company’s customers will see their monthly bills remain unchanged or decrease by up to $2 despite its bid for a 6.3 percent base rate rise, it was revealed yesterday.
