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Atlantis braces for $14m hit from BPL’s fuel hike
Atlantis is predicting it will take a $14m hit this year from Bahamas Power & Light’s (BPL) hiked fuel charges but remains hopeful this will be minimised by higher visitor spend and room rates.
‘MOTION DENIED’ IN GIBSON TRIAL: Long Island MP’s constitutional motion ‘improper’, judge said
A SUPREME Court judge rejected Adrian Gibson’s latest constitutional motion to impact his corruption trial yesterday.
Atlantis: 30% spend, rate jumps ‘as good as it gets’
Atlantis yesterday said its year-to-date performance is “as good as you can get” with rates and visitor spending per occupied room both exceeding pre-COVID levels by up to 30 percent.
'Reticent' on oil explorer's carbon credits alternative
Environmental activists are urging the Government to "carefully scrutinise" any proposal by Challenger Energy Group to monetise its $150m investment in this nation via the creation of carbon credits.
Day 1 of Track & Field Nationals in the books
Bahamian pro athletes shine
Day one of the Bahamas Association of Athletic Associations (BAAA) Senior and Junior National Track & Field Championships got off to an exciting start at the original Thomas A Robinson stadium.
‘No choice’ but to go Bahamian
The Government must build greater “trust and confidence” in its fiscal plan among Bahamian investors given it has “no choice” but to almost exclusively tap the local capital markets to meet its nine-figure deficit financing demands.
Reserves hit $2.9bn on Gov’t borrowing boost
The Bahamas’ foreign currency reserves expanded by almost $169m in May due to a boost from the Government’s external borrowing activities as they closed the month at near-$2.9bn.
Stopover tourists strike 94% pre-COVID levels
TOTAL air arrivals to The Bahamas in May hit 94.2 percent of pre-COVID’s 2019 high, the Central Bank revealed yesterday, with overall visitor numbers for the first five months of 2023 some 68 percent ahead of last year.
Gov't 'examining merits' of oil explorer carbon credits
The Government is "examining the merits" of an oil explorer's proposal to gain a return on its $100m-plus investment in The Bahamas via the use of carbon credits.
Low vaccination rates spark fears over polio
HEALTH officials are alarmed by declining vaccination among children and fear the country is at risk of reintroducing polio and other deadly diseases.
Eric Wiberg: A beacon that saved lives of pilots
WHEN the 112-foot Castle Island Light off Acklins was operational, it was a critically important beacon that three World War Two bombers crash-landed near in order to be rescued.
Licensee fury: Freeport ‘moving at snail’s pace’
Freeport’s ease of doing business is “moving at a snail’s pace”, a group of Grand Bahama Port Authority (GBPA) licensees warned yesterday, as they blasted both the Government and city’s authority for the escalating row over its governance.
Foreign buyer VAT rise gains ‘90-day transition’
A Cabinet minister yesterday confirmed the Government is allowing a 90-day “transition period” so that foreign purchases of real estate valued at under $1m - and already subject to sales agreements - can close at existing VAT rates.
Jury discharged in Gibson trial for protocol breach
THE jury in Adrian Gibson’s corruption trial was discharged yesterday after a Supreme Court judge dismissed two jurors for failing to obey protocols.
Almost 1m referrals to Nassau/PI hotels
A senior Bahamian tourism executive yesterday said Nassau/Paradise Island has recovered to 97 percent of pre-COVID business volumes by March 2023 with airlift capacity up by double digits for the year-to-date.
Justice holds legal discussions ahead of Gibson case, adjourned until Friday
THE corruption trial of Long Island MP Adrian Gibson was adjourned to Friday after Justice Cheryl Grant-Thompson held legal discussions in the absence of a jury yesterday.
Davis: GBPA ‘needs a management and governance change’
PRIME Minister Philip “Brave” Davis said he believes new management is needed at the Grand Bahama Port Authority to facilitate Freeport’s growth because the “status quo” is not working.
Plane used for mail flights to Bahamas has a grisly history
A TURBOPROP plane once used to deliver mail to The Bahamas from Florida has been revealed to have had a grisly history – with political detainees in Argentina having been thrown from the vehicle to their deaths during the country’s 1976-98 military dictatorship.
Deal signed to improve Eleuthera infrastructure
CARIBBEAN Pavement Solution signed a memorandum of understanding with the government on Friday for infrastructural development in Eleuthera.
JBLN stun Freedom Farm
In one of the most dramatic comebacks at this year’s Bahamas Baseball Association’s G-Ball National Baseball Championships, the Junior Baseball League of Nassau stunned Freedom Farm to clinch the 14-and-under divisional title.
