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Team Bahamas 6th overall in Caribbean Amateur Golf Championships
THE Bahamas concluded the 65th Caribbean Amateur Golf Championships with a sixth place finish in the standings for both the George Teale Trophy and the Hoerman Cup.
Tourism deputy:Tourism ‘turning in the right direction’
Tourism is “turning in the right direction” with air arrivals at 85 percent of pre-pandemic levels.
$170m Exuma project targets up to 300 jobs
A $170m investment targeted at Exuma’s southern tip is pledging to create up to 300 full-time jobs - plus several hundred construction posts - via the phased build-out of a mixed-use resort and residential project.
Gas station tax relief is ‘the right approach’
The Prime Minister’s hint that the Government is mulling lower taxation for gas station operators was yesterday branded the “right approach” even though margin increases may not be considered.
Governor targets loan delinquency ‘under 5%’
The Central Bank’s governor yesterday said he is targeting a commercial bank loan delinquency rate of “less than 5 percent” as some institutions push for an easing of lending restrictions.
PM’s ‘intervention’ sought over 130 Gold Rock jobs
The Opposition’s leader yesterday voiced optimism that the Prime Minister’s “intervention” will prevent “a substantial blow” to Grand Bahama’s economy with up to 130 jobs threatened by the Gold Rock group’s closure.
Carnival to begin dredging within 90 days for mega cruise port in East Grand Bahama
Carnival expects to commence dredging in East Grand Bahama for its mega cruise port in the next 60 to 90 days, a Carnival Corporation executive told hundreds of residents gathered at the Grand Lucayan Resort on Thursday evening.
Doctors enjoys up to 40% non-COVID revenue rise
Doctors Hospital plans to unveil its new Bay Street pharmacy within 30 days, a top executive revealed yesterday, with monthly non-COVID revenues up to 40 percent higher than pre-pandemic comparatives.
‘New monster in the house’ on small business funding
The finding that 99 percent of Bahamian firms had no interest in seeking debt financing in COVID’s aftermath was yesterday branded “irrelevant” by a small business adviser, who warned: “We have a new monster in the house.”
Tourism ‘market mix’ can beat Fed’s interest hike
The Bahamas Hotel and Tourism Association’s (BHTA) president yesterday voiced optimism that “pent-up” travel demand and a high-end “market mix” can sustain the post-COVID rebound despite the Federal Reserve’s latest tightening.
‘Polluter must pay’ says minister after fuel spill
ENVIRONMENT and Natural Resources Minister Vaughn Miller yesterday would not say whether negligence played a role in last week’s oil spill at Exuma.
Cruise island expansion to drive 149% visitor rise
Visitors to a cruise line’s Bahamian private island are forecast to increase by more than 427,000 per year once two piers are constructed to allow its vessels to properly dock, it has been revealed.
Gov’t hires Rothschild for $11.8bn debt help
The Government has hired Rothschild & Co, a major global financial group, to advise on what could become a “massive refinancing” of much of the country’s $11.8bn national debt, it was revealed yesterday.
$500k needed to pay beach contractors
MCKELL Bonaby, executive chairman at Bahamas Public Parks and Public Beaches Authority, says more than half a million dollars is owed to contract workers.
Attorney General hails ‘trailblazing’ carbon Bill
The Attorney General yesterday hailed the Carbon Credit Trading Bill as “trailblazing”, asserting that The Bahamas is further ahead of the entire world in having a “specific framework” to regulate this multi-million dollar activity.
Gas dealers ‘optimistic’ despite wait over relief
Bahamian gas station operators yesterday said they remain “optimistic” about their relief negotiations with the Government despite the two sides not having met or communicated for “quite a while”.
Poultry producer in halt after 3,000 chick deaths
A Bahamian poultry producer last night said it is suspending operations for a “minimum” three-five weeks, and laying-off ten staff, after a cargo bungle saw almost 3,000 of its chicks bake to death at Miami International Airport.
Exuma spill recovery ‘down to last 10-15%’
Exuma’s oil spill recovery was yesterday said to be “down to the last 10-15 percent” with the clean-up effort becoming progressively harder as more diesel fuel is pumped out.
Fragile tourism fearing ‘long lasting’ airport strike damage
Bahamian tourism yesterday called for “a speedy resolution” to the strike action impacting the country’s major airports as it warned of potential “long-lasting” damage to a “fragile industry rebounding from a long period of nothing”.
Cruise ship occupancies to hit 110% by end-2022
Nassau Cruise Port’s chief executive yesterday disclosed that average passenger occupancies will hit pre-COVID levels of 110 percent by year-end 2022 and beat its own recovery forecast.
