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Atlantis braces for $14m hit from BPL’s fuel hike
Atlantis is predicting it will take a $14m hit this year from Bahamas Power & Light’s (BPL) hiked fuel charges but remains hopeful this will be minimised by higher visitor spend and room rates.
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Atlantis: 30% spend, rate jumps ‘as good as it gets’
Atlantis yesterday said its year-to-date performance is “as good as you can get” with rates and visitor spending per occupied room both exceeding pre-COVID levels by up to 30 percent.
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‘No choice’ but to go Bahamian
The Government must build greater “trust and confidence” in its fiscal plan among Bahamian investors given it has “no choice” but to almost exclusively tap the local capital markets to meet its nine-figure deficit financing demands.
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Eric Wiberg: A beacon that saved lives of pilots
WHEN the 112-foot Castle Island Light off Acklins was operational, it was a critically important beacon that three World War Two bombers crash-landed near in order to be rescued.
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Licensee fury: Freeport ‘moving at snail’s pace’
Freeport’s ease of doing business is “moving at a snail’s pace”, a group of Grand Bahama Port Authority (GBPA) licensees warned yesterday, as they blasted both the Government and city’s authority for the escalating row over its governance.
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Almost 1m referrals to Nassau/PI hotels
A senior Bahamian tourism executive yesterday said Nassau/Paradise Island has recovered to 97 percent of pre-COVID business volumes by March 2023 with airlift capacity up by double digits for the year-to-date.
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Davis: GBPA ‘needs a management and governance change’
PRIME Minister Philip “Brave” Davis said he believes new management is needed at the Grand Bahama Port Authority to facilitate Freeport’s growth because the “status quo” is not working.
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THE KDK REPORT: Along the banks of Mangrove Cay
LOCATED 20 miles west of New Providence and spanning 104 miles long by 40 miles wide, Andros is by far the largest island in The Bahamas.
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BTC launches 'same speed' fibre packages
The Bahamas Telecommunications Company (BTC) has unveiled fibre packages that all provide the same Internet upload and download speeds as it seeks to deliver faster and more reliable connections.
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Clubs & Societies June 23rd, 2023
After a three-year gap because of COVID-19, the 16th Summer Day Camp returns with daily sessions from 9am to 4pm, August 8-18.
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BPL sees 'negligible' disconnection jump
Bahamas Power & Light (BPL) yesterday said it has seen a "negligible" increase in disconnections, with fewer than 2 percent of accounts cut-off in May, as consumers brace for the 163 percent peak fuel charge increase.
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Pintard questions Govt’s handling of cruise tax increase
Opposition leader Michael Pintard yesterday argued that new passenger taxes could cause cruise ships to seek cheaper destinations.
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Pintard: Cruise lines will bear cost of tax increase
Opposition leader Michael Pintard yesterday argued that new passenger taxes could cause cruise ships to seek cheaper destinations.
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CLICO victims urge: 'We need a new day'
The Government was yesterday urged to "make it a new day" for long-suffering CLICO (Bahamas) policyholders amid concerns that zero of the $3.8m compensation allocated in the 2022-2023 Budget has been paid out.
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DPM urges Bahamian investors to help add to room capacity as hotels are full
TOURISM Minister Chester Cooper urged Bahamian investors to open their homes to help meet tourism demand, citing room capacity as a challenge due to high hotel occupancy rates.
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Bahamas 'not maximising' impact as tourism booms
The deputy prime minister yesterday admitted The Bahamas has failed "to maximise visitor spending", and retain more of this within its economy, despite a "booming" tourism industry whose numbers "have never been better".
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INSIGHT: Authorities in the spotlight - but where are the cameras?
A SERIES of stories in recent times have again raised questions over how people are treated who get caught up in dealings with our forces in uniform.
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FTX Bahamas: Only we can pursue void payouts
FTX's Bahamian liquidators are asserting they may be the only ones "lawfully" able to pursue "material volumes" of client withdrawals that occurred around the time of the exchange's collapse and may thus be deemed void.
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Not all questions answered on Long Island plane crash
AIR accident investigators found that “loss of power resulting in a loss of control inflight” caused a plane crash in Long Island last year that resulted in a woman’s death.
