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Nassau hotels in 7% revenue drop
New Providence hotels suffered a 7 per cent year-over-year revenue slump for the four months to end-April 2013, as room rate rises failed to offset occupancy declines.
Bad loans hit $1.34bn
Bahamian commercial banks suffered a further credit quality deterioration in November, as delinquent loans increased by $23.5 million to a new $1.343 billion record.
Family Island airports require $106m by 2022
Family Island airports need an immediate investment of $87 million to make them all compliant with international safety and regulatory standards, and help reverse economic stagnation and depopulation.
Taxi union chief wants 'hustlers at dock' end
The taxi union's president says the industry is seeking to shed its "hustlers at the dock" image after several drivers protested over the Nassau Cruise Port's new call-up system and police efforts to enforce it.
Govt urged: ‘Put cash on ground’ in Grand Bahama
The Government was yesterday urged to immediately “put some cash on the ground” in Grand Bahama, an Opposition Senator describing the island’s economy as having “hit rock bottom”.
No plans provided by Grand Lucayan buyer
A Cabinet minister yesterday said that while the Christie administration reached an agreement for the Grand Lucayan’s sale, the potential buyer had not presented plans for the hotel and casino operations.Kwasi Thompson, minister of state for Grand Ba
BPL discloses staff pay as union relations sour
Bahamas Power & Light (BPL) last night said line staff earned average “cash compensation” of almost $58,000 during its 2020 financial year as industrial relations at the utility appeared to further sour.
$250m Hurricane Hole project to 'go vertical' by January 2019
A BAHAMIAN developer yesterday said it plans to “go vertical” on its $250 million Hurricane Hole redevelopment within 12 months, after completing the property’s purchase from Atlantis’s owner.Bill Green, president of Sterling Global Financial’s devel
650 extra jobs for Bahamians at Albany
THE newly-commenced development of marina residences at Albany, a luxury resort in south-west New Providence, is set to create an extra 650 jobs for Bahamians, bringing the total number of jobs available at the resort to more than 1,000.
Coleby and Happinets extend winning streak to five games
KADEEM Coleby and the Akita Northern Happinets extended their winning streak to five games and have won 10 of their 12 games in the month of December to re-enter the playoff picture.
Rolle soothes fears over Bimini dredging damage
KHAALIS Rolle, Minister of State for Investments, yesterday sought to allay fears that dredging activities by a private developer in North Bimini will harm the environment.
Government considering 'lock down' proposals
NATIONAL Security Minister Dr Bernard Nottage yesterday said the government is giving “consideration” to a “lock down” of notorious crime areas in the capital, but only “to the extent that the law permits it”.
$5.5bn refinery: 80% of jobs for Bahamians
THE developer behind the proposed $5.5 billion oil storage terminal and refinery for Grand Bahama yesterday pledged that 80 per cent of jobs will go to Bahamians. Peter Krieger, Oban Energies’ non-executive chairman, speaking at the signing of a Memo
Bimini ferry brings 40k in three months
Resorts World Bimini yesterday said its Miami ferry service had brought 40,000 persons, or 80 per cent of its normal annual visitor numbers, to the island in just three months.
NEMA accused of failing island
CROOKED Island Chief Councillor Timothy Thompson yesterday said the National Emergency Management Agency (NEMA) “dropped the ball,” adding that the island is still awaiting rebuilding supplies like plywood and shingles nearly three weeks after Hurricane Joaquin.
NPBA PLAYOFFS: Commonwealth Bank Giants teams take 2-0 lead
THE Commonwealth Bank Giants continued their undefeated season with another win over the University of the Bahamas Mingoes and their junior team, Your Essential Store Giants, also won over the Triple K Stampers.
BPL bailout has cost us millions: Bannister warns mountain of bills must be tackled
The Government was forced to pump "millions" into Bahamas Power & Light (BPL) during COVID-19's peak due to customers' inability to pay, it was revealed yesterday.
Workers Call for new public hospital in Grand Bahama
HOSPITAL workers took to social media to call for a new public hospital in Grand Bahama following closure of the Rand Memorial Hospital after it was severely flooded during Hurricane Dorian in early September.They are concerned that the facility – wh
Coastline awareness campaign launched by Tourism at GB school
A CAMPAIGN to keep coastlines clean has been reintroduced on Grand Bahama by the Ministry of Tourism, Investment and Aviation (MOTIA).
SunCash leading the way on transactions of Sand Dollars
A digital payments provider is proud to tout they are processing 80 percent of all Sand Dollar transactions as it leads the way to more business accounts for 2024.
