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Downtown ‘catalyst’ beats goal by $11m
The Nassau Cruise Port’s overhaul is “already serving as a catalyst” for fresh investment in downtown, its top executive has asserted, after its recent bond refinancing was oversubscribed by almost $11m to hit $145m.
Roderick A. Simms: Multiple measures must be used for NIB reform
The National Insurance Board (NIB) is the government agency responsible for managing the country’s social security system. The NIB provides various social security benefits, including pensions, disability benefits, maternity benefits, funeral benefits and unemployment benefits.
Activists fear ‘total decimation’ of PI site by Royal Caribbean
BAHAMIAN environmental activists yesterday reiterated fears that Royal Caribbean’s $100m beach club project will cause “total decimation” of western Paradise Island despite assurances to the contrary.
Sharks, Lions advance to junior girls’ volleyball championships
The Government Secondary Schools Sports Association (GSSSA) junior girls’ volleyball playoffs got underway yesterday at the CI Gibson Gymnasium.
DPM invites health and well-being industries to expand their business in The Bahamas
DEPUTY Prime Minister Chester Cooper discussed the health profile of The Bahamas during a health conference yesterday.
'Not out of the woods' despite consecutive Budget surpluses
The Government cannot interpret two consecutive monthly Budget surpluses "as a sign we are out of the woods", its top finance official warned last night.
BISX-listed insurer's $6.5m from Deltec's Ansbacher buy
A BISX-listed insurer is due to ultimately receive just over $6.5m from last year's sale of Ansbacher (Bahamas) to Deltec Bank & Trust.
Bahamas at a political crossroads
Greetings. And thank you very much for the space in your five-day publication, I appreciate it, as I tried to rummage through some actual facts, pointing to an extinction of the Bahamian populace, as it were, and not too distant from now.
Migration a major contributor to increase in population according to census report
THE population of The Bahamas increased by 13.6 per cent from 2010 to 2022, with net migration emerging as the primary reason.
Royal Caribbean scouts Rum Cay
Royal Caribbean’s top executive has confirmed the cruise giant sent a team to scout a potential new destination on Rum Cay, saying: “You can never have enough great product.”
National Basketball Championships begin
The return of the Bahamas Basketball Federation’s National Basketball Championships saw the New Providence champions Giants produce mixed results as competition in the weekend tournament got underway at the Kendal Isaacs Gymnasium.
RBC Caribbean chief: Low growth hits FINCO
Royal Bank of Canada's (RBC) top Caribbean executive says its Bahamian mortgage lending arm will "continue to be challenged" with credit losses and an inability to expand its loan book because of the country's "low growth economy".
‘Mission critical’ cruise port in $12.38m profit
NASSAU Cruise Port's success was yesterday branded "mission critical" for The Bahamas with 35 percent of the country's economy dependent on a facility that has generated $12.383m in net profits even before its official opening.
Gov’t generates $6m surplus for January
The Government generated a modest $6m Budget surplus during January 2023, which enabled it to enjoy a rare month when its direct debt actually shrank albeit only by $8.5m.
STATESIDE: Even after Trump’s indictment little has changed on the political landscape
THIS morning, the 2024 American presidential election is almost exactly 19 months away. Is all the suspense already gone?
Growth to ‘moderate’ as COVID revival near end
The Central Bank yesterday reaffirmed that The Bahamas’ economic growth rate will “moderate as the recovery from COVID-19 becomes more complete” with February’s air visitor arrivals just 2.5 percent off pre-pandemic pace.
DIANE PHILLIPS: A possible solution for Bahamians to benefit in the hospitality industry
Created just 15 years ago by two friends who rented out an air mattress on their floor when a major event sucked up all the hotel rooms in San Francisco, Airbnb has turned the short-term vacation industry on its head.
Esso dealers fearing rent hikes will hit all
The Bahamas Petroleum Retailers Association’s vice-president yesterday said he is “very, very concerned” by a dispute that has left one Esso dealer fearing he has no choice but to “give them back their station”.
Judge bids to protect $2.3m for City Markets pensioners
The Supreme Court has upheld an injunction seeking to preserve $2.288m for the benefit of City Markets pensioners even though 75 percent of this sum may already have been paid out to “third parties”.
Receivables fear if VAT health claims change
A prominent doctor has voiced fears that medical practitioners will have to pay VAT if their patients cannot afford to do so should the Government persists with the changed tax treatment of health insurance claims payouts.
