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Oil drilling in the Bahamas
EDITOR, The Tribune
Atlantis booking paceup 7% on 2011 figures
The Atlantis resort’s booking pace was 7 per cent ahead of 2011 comparatives for August, its operator telling Tribune Business it was confident that 2013 group business would “match, if not exceed” this year’s levels.
'You can buy a hotel' with Emerald Bay electricity bill
SANDALS’ chief executive has told Tribune Business “you could buy a hotel” with the monthly electricity bill generated by its Emerald Bay resort,with the property targeting a 6-7 per cent increase in its 2013 average occupancy rate.
Debt-to-GDP lowered by a fifth, reports govt
PRIME Minister Philip “Brave” Davis commended his administration’s fiscal performance compared to that of the former administration’s pre-pandemic levels, telling the Opposition: “There is a reason why we are here and you there.”
The story of the aircraft lost in The Bahamas
TRIBUNE readers may recall fifteen articles about Mailboats of the Bahamas in 2016. This new series about World War Two aircraft discoveries in our archipelago is similar, except the history is less static and more tactile.
Are we truly Independent Bahamas?
HAPPY 50th Anniversary Bahamas: What should we do in the next 50 years and beyond? Considerations for constitutional change.
Loan approvals hit six-year low
Bank loan approvals fell to their lowest level for six years in the 2020 second half, it was revealed yesterday, with just two-thirds of applicants approved compared to 80 percent in the prior year.
COVID’s ‘timing concerns’ for $24.5m cruise port IPO
Nassau Cruise Port’s chief executive yesterday said COVID-19’s economic impact has caused “concerns with the timing” of its plans for Bahamian investors to gain ownership in the $250m project.
BPC director blasts 'preposterous' action
A Bahamas Petroleum Company (BPC) director yesterday slammed "preposterous" environmental activists for seeking to block this nation from discovering whether it has natural resources to exploit.
Central Bank back in compliance on Gov't debt limits
THE Central Bank yesterday said its government debt holdings are back in compliance with its governing Act, with medium and long-term maturities equal to 12.52 per cent of its demand liabilities.The regulator, responding to the IMF’s Article IV repor
PHA: Expansion of salaries and benefits 'not sustainable at this time'
THE Public Hospitals Authority has disclosed that the expansion of salaries and benefits of medical personnel is “simply not sustainable at this time”, in the wake of last week’s demonstrations by healthcare unions over such outstanding issues.
'How could I compete' against 7 cents power?
A Bahamian businessman yesterday questioned “how am I supposed to compete” against foreign rivals whose all-in electricity costs are almost two-thirds lower than BPL’s fuel charge.Robert Myers, who also heads the Organisation for Responsible Governan
Insurer 'praying' Abaco 90% paid in six months
A top Bahamian insurer was yesterday “praying” that 90 percent of Abaco’s Dorian-related claims will be paid out within the next six months given the scale of the island’s devastation. Anton Saunders, RoyalStar Assurance’s managing director, told Tr
Electric vehicle dealer targets sales doubling
A Bahamian electric car dealer yesterday voiced optimism that it will “double” year-over-year vehicle sales in 2022 having just placed a record 100-strong order with its Chinese supplier.
Resorts set for ‘over 90%’ Thanksgiving occupancies
Major Bahamian resorts are set to enjoy occupancies “in excess of 90 percent” over the Thanksgiving holiday, a top hotelier disclosed yesterday, adding: “We’re not looking back.”
Nassau ‘leads Americas’ on cruise ship port visits
Nassau Cruise Port is handling “more cruise ships than any port in the Americas”, its chief executive said yesterday, adding that “we’re well on our way to climbing out” of COVID’s devastation.
Govt ‘strained’ by first non-profit bill
The Government would have placed increased “financial strain” upon itself had it gone through with the initial Non-Profit Organisations Bill version, sector representatives warned.
Web shop tax hikes ‘in our best interests’
The web shop industry tax hikes are in “the best interests of the Bahamian people” due to the social costs the sector imposes, a Cabinet minister argued yesterday.
Govt can save $80m by ‘verifying’ workers
The Bahamas Public Services Union’s (BPSU) president yesterday suggested the Government’s ‘employee verification’ exercise could slash recurrent spending by around $80 million.
‘No room for failure’ on auto tax exchange
The Bahamas “has no room for failure” in implementing automatic tax information exchange, a prominent QC warned yesterday, adding that it would be “extremely prejudicial” to this nation’s interests to miss the 2018 launch date.
