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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.

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.

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.

EDITORIAL: Bahamians – understand the past to find the future

PHILIP “Brave” Davis, who now heads an Opposition of three members in an FNM parliament, although admitting that his party made mistakes during its five years in office, saw no reason to apologise to anyone for those “mistakes”. Not only was he not going to apologise, but he wanted Bahamians to note that after only three months in office the FNM have shown that they have no plans to eradicate crime.

Bahamas ‘grew’ stopover market share during 2012

Hotel industry leaders yesterday disputed Moody’s assertion that the Bahamas had lost stopover visitor market share to Caribbean rivals, saying this nation “held or slightly increased” its share in 2012 - a year that 1.35 million air arrivals made the best since 2008.

The Tribune

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