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COVID rebound uneven for Family Island resorts
Family Island resorts have recovered to 80 percent of pre-COVID business volumes, a senior tourism official has revealed, but the rebound remains uneven because of airlift woes impacting some locations.
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GBPA ‘exposed’ to legal challenge on power rate process
The Grand Bahama Port Authority (GBPA) was yesterday warned it is “exposing” itself to potential legal challenge by allowing just a nine-day public consultation over the island’s proposed electricity rates for the next three years.
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Cellular revenues per user up despite subscriber fall-off
The Bahamas Telecommunications Company’s (BTC) average revenue per user (ARPU) in the cellular market grew by almost 25 per cent in 2013, despite a market that declined slightly in terms of subscriber numbers.
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Cable losses hit $16.7m amid wait for growth pay-off
Cable Bahamas suffered a 12.5 per cent increase in annual net losses to $16.658 million for 2016, driven by Hurricane Matthew-related repair costs and the wait for expansion investments to pay off.
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CIBC’s corporate unit in 40% bad loan shrink
CIBC FirstCaribbean’s Bahamian corporate and investment banking unit saw non-performing loans shrink by almost 40 per cent in its 2016 financial year, as the bank continued its “solid” recovery from past credit provisioning.
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COVID non-factor: Winter tourism season up 10-15%
Forward bookings for The Bahamas’ peak winter tourism season are 10-15 percent ahead of 2022 numbers, a leading hotelier disclosed yesterday, with the industry “satisfied” there will be no return to past COVID restrictions.
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Activists alarmed over rise in BPC JV interest
The Bahamas Petroleum Company (BPC) yesterday alarmed environmental activists by indicating it has not given up on The Bahamas following a surge in interest from potential joint venture partners.
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Gas retailers struggle amid COVID-19 rush
Bahamian gas station operators yesterday said they were struggling to cope with a COVID-19-inspired demand surge that they compared to pre-hurricane preparations. Vasco Bastian, the Esso station owner at East Street and Soldier Road, told Tribune Bu
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'Interference' slashes BDB bad debt recovery to 50%
“Interference” in loan recoveries has made it extremely challenging for the Bahamas Development Bank (BDB) to claw back even 50 percent of its credit losses, international consultants have revealed. Canada-based International Financial Consulting (I
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80% Parliament backing needed for spending rise
Fiscal Responsibility legislation must “make it extremely difficult” for the Government to exceed Budget spending forecasts, an outspoken businessman yesterday demanding that any increase require at least 80 per cent Parliamentary approval.
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Chamber chair: Make tax reform reality by 2013 Q4
The Bahamas must make tax reform happen as early as the 2013 fourth quarter, the Chamber of Commerce’s (BCCEC) chairman urging the Government to adopt an “aggressive approach” to managing the economy.
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Cuba: Immediate threat to 20% of Bahamas’ visitors
Cuba’s opening will immediately threaten more than 20 per cent of the Bahamas’ stopover visitor market, it has been revealed, amid calls for a ‘tourism trade agreement’ with the US to mitigate the impact of its ‘diplomatic reset’ with Havana.
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We can get jobless figures down to 6%, insists Minnis
PRIME Minister Dr Hubert Minnis insisted that six percent unemployment by next year is achievable, adding officials planned to do this by expanding the tourism sector alone. This expansion, however, will not feature building more hotels, Dr Minnis t
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Wildcats win opener over Andros
The Sigma Wildcats came up with a big five-run bottom of the fourth inning to secure an 11-7 victory over Andros to open the Bahamas Softball Federation’s National Round Robin Tournament on a high note last night in the Banker’s Field at the Baillou Hills Sporting Complex.
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Get out - and get fit
EXERCISING at a gym is not the only way for people to lose weight and get fit. For some Bahamians the beauty of the outdoors presents a more appealing option of being active and staying in shape after spending countless hours indoors.
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Jonquel Jones and Sun to be live streamed on Twitter
BAHAMIAN basketball fans will have even more opportunities to see Jonquel Jones and the Connecticut Sun live in action this season through social media outlets. The WNBA announced yesterday 20 games that will be live streamed on Twitter during the 2
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WNBA insiders project another standout season for Jones
SHE has yet to make a preseason appearance, but WNBA Insiders still consider Jonquel Jones one of the top players in the league and project her to have another standout season. WNBA.com posed questions to the league’s general managers to learn what
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Jonquel Jones named 2021 MVP
AFTER returning from a year’s absence to help the Connecticut Sun to the best regular season record in the Women’s National Basketball Association, Grand Bahamian Jonquel Jones was rewarded yesterday by being named the 2021 Kia WNBA Most Valuable Player.
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‘Spring Classic’ basketball tournament a success
NOBLE Preparatory Academy continues its effort of fostering achievement both on and off the court and hosted its fourth annual “Spring Classic” basketball tournament.
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Junior boys volleyball team wins bronze
THE Bahamas Volleyball Federation junior boys volleyball team got a big payback day on Sunday as they avenged a loss to Trinidad & Tobago in the round robin by pulling off a three-set sweep to clinch the bronze medal at the ninth CAZOVA Junior Men’s Championship at the Paul Chonchon Sports and Cultural Centre in Pointe-A-Pitre, Guadeloupe.
