90% of import economy in ‘clear and present danger’
Up to 90 percent of The Bahamas’ import-driven economy faces a “clear and present danger” from the intensifying harbour breakwater disintegration, Nassau Container Port’s operator is warning.
‘No straight face’ over Bahamas top for pilots
A Bahamas Flying Ambassador says he “cannot continue to say with a straight face that you are the world’s best private pilot destination” given recent fee hikes, their structure and how they were implemented.
Minimum wage family needing 350% boost to hit middle class
A Bahamian family where both adults are earning the minimum wage would have to increase their income four-and-a-half times to reach “middle class living standards” on New Providence, researchers are asserting.
Cruise power provider ‘beats’ target at $60m
The developer seeking to provide clean energy to vessels docked at Nassau Cruise Port has “surpassed” its initial target by raising “close to $60m” in equity capital as its eyes a January 2025 construction start.
Nassau arrival for cruise line’s first-ever LNG ship
The first-ever liquefied natural gas (LNG) powered cruise ship operated by Princess Cruise made Nassau its inaugural Caribbean port of call on October 13.
Lower prices pledged at newly-opened Cost Right
AML Foods has pledged that Cost Right members will enjoy lower prices following the Nassau store’s $12m relocation from the Town Centre Mall to its new East-West Highway home.
Port operator ‘on track’ to beat EBITDA goal by 7%
Nassau Container Port’s operator says operating income for its current financial year to end-June 2025 is “on track” to beat forecasts by 7 percent based on its performance through August 2024.
Affordable housing squeeze from vacation rentals drive
Cat Island is yet another destination suffering from an affordable housing shortage as landlords increasingly invest in the short-term vacation rental market, a local realtor is warning.
ACTIVTRADES: Bitcoin & Co and the US election
Global stock markets enjoyed a roller coaster during the final two days of trading last week. On Thursday, the Nasdaq lost almost 2 percent, but experienced a 1 percent increase on Friday and the index closed once more above the 20,000 point mark. The release of new quarterly earnings, and mixed results from some large US technology giants, combined with lower-than-expected job numbers in the US to create higher-than-normal volatility in the western financial markets.
Four-day work week gains mixed reviews
Businesses and trade unions gave mixed opinions on whether The Bahamas should shift to a four-day work week amid concern this will force the Government to pay increasing overtime costs.
IAN FERGUSON: Don’t ignore political pitfalls and their impact on business
Politics can enormously impact business. As a result of this, aspiring entrepreneurs, business leaders and corporate strategists in heavily regulated industries should familiarise themselves with its effects. With the US presidential election looming, economies depending on that country should pay close attention to the potential fall-out from a Harris or Trump win.
PM: 16% GDP growth places constituency on ‘upward track’
The Prime Minister yesterday asserted that the island economies in his constituency are on an “upward trajectory” after their combined GDP output grew by 16 percent to $58m in 2023.
Poor connectivity, high airfares 'definitely big killer' for Cat Isl.
Cat Island resort operators yesterday branded the lack of same-day air connectivity and high airfares as "definitely a big killer" for their growth prospects and those of the island's tourism industry.
'Hold them accountable': Hotels in Airbnb rescues
Hoteliers yesterday demanded that vacation rental owners be "held accountable" and pay their fair share in government taxes as several revealed how they "rescued" tourists from sub-standard properties.
Airlift connectivity woes branded 'glass half full'
CAT Island tourism operators were yesterday urged to treat the lack of same-day air connectivity as a "glass half full" despite it being branded "a big killer" for their resorts and other businesses.
