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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.

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.

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.

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.

BTC launches 'same speed' fibre packages

The Bahamas Telecommunications Company (BTC) has unveiled fibre packages that all provide the same Internet upload and download speeds as it seeks to deliver faster and more reliable connections.

Clubs & Societies June 23rd, 2023

After a three-year gap because of COVID-19, the 16th Summer Day Camp returns with daily sessions from 9am to 4pm, August 8-18.

ONE ELEUTHERA: Important to seize the day as Eleuthera poised for growth

THE secret is out. Eleuthera – our beautiful island of freedom famed for its Glass Window Bridge and sweet sugar loaf (pineapples) is seeing unprecedented growth in tourism and development. Several weeks ago, I was given an opportunity to co-moderate the Eleuthera Business Outlook (EBO) that was organised by Joan Albury of the TCL Group and the Eleuthera Chamber of Commerce. There were many presentations pointing to the emerging opportunities linked to developments currently taking place and those slated for Eleuthera in the near future.

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