$270m cruise boost goal ‘not impossible’
The Bahamas will gain a $270m economic boost if it elevates per capita cruise passenger spending in line with regional highs, as Nassau Cruise Port’s top executive asserted: “It’s not impossible. Others are doing it.”
Minister hails 16-year low in unemployment
A Cabinet minister yesterday hailed the 8.7 percent national unemployment rate at end-June 2024 as the lowest recorded in 16 years while asserting that it shows the Government’s economic policies are working.
Bahamas bids for increased Latin America air connectivity
The Government’s aviation chief yesterday said The Bahamas plans to exploit a regional aviation conference’s presence by increasing its air connectivity with the “underserved market” that is Latin America.
NIB contribution increases not enough for sustainability
A Cabinet minister yesterday said increasing contribution rates by themselves will “not be sufficient” to safeguard the National Insurance Board (NIB) fund and ensure it has a sustainable future.
Bahamasair chief: Ramp outsource to aid efficiency
Bahamasair’s managing director yesterday said the decision to “outsource” some 50 ramp service operators to Nassau Flight Services was made to improve efficiency and reduce dependence on the Government.
Watchdog recovers $117,000 to help aggreived customers
Consumer protection regulators yesterday asserted they have recovered more than $117,000 over the past year for aggrieved Bahamians who believe merchants violated their rights.
Apprenticeship 'five-star priority' with 19% youth unemployment
The Bahamas must treat the National Apprenticeship Programme’s launch as “a five-star priority” with almost one in five young citizens still unable to find work, a labour specialist urged yesterday.
DPM’s insurer pursues ex-MP on $132,000 unpaid mortgage
A BAHAMIAN insurer’s bid to enforce payment of an unpaid $132,000 mortgage debt owed by a former Cabinet minister has been rejected by the Supreme Court as “irregular and speculative”.
Port operator's $1m stake in electricity grid company
THE Nassau Container Port’s operator yesterday revealed it has acquired a $1m ownership interest in the entity that controls New Providence’s electricity grid after itself surviving a ransomware attack in April 2024.
Sarkis ally: Ouster like ‘loan to own’ scheme
A former Baha Mar director is arguing that Sarkis Izmirlian’s ouster resulted in the multi-billion dollar Cable Bach mega resort project becoming akin to a ‘loan to own scheme”.
Contractors eye 10-15% time slash via inspection outsource
The Bahamian Contractors Association’s (BCA) president yesterday predicted the time required to complete construction projects could be slashed by between 10-15 percent through outsourcing building inspections.
‘Mind blowing’: Watchdog finds stores selling expired products
The Consumer Protection Commission’s chairman yesterday asserted it was “mind blowing” that the watchdog verified complaints about expired grocery products on store shelves are correct.
Bahamas sees $665m cruise boost, but yields down
The Bahamas leads the Caribbean and Central America in extracting an annual $655m economic boost from the cruise industry despite consistently ranking in the bottom 40 percent on key visitor satisfaction metrics.
D’Aguilar: $2.3m payout ‘reeks of impropriety’
The $2.3m paid to the son of ex-prime minister Perry Christie’s top policy adviser at the Baha Mar dispute’s peak “reeks of impropriety”, one of Sarkis Izmirlian’s former directors argued yesterday.
IMF cuts Bahamas 2024 GDP growth below 2%
The Bahamas was last night urged to identify its “future economic drivers” after the International Monetary Fund (IMF) slashed its 2024 growth projection for this nation to less than 2 percent.
