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Minister pledges cruise line reset

The Minister of Tourism yesterday said the Bahamas must reset its relationship with the cruise lines, adding: “They make all the money, and we have nothing.”Dionisio D’Aguilar told Tribune Business that this nation needs to “be a little more aggressi

Lyford Cay Classic tournament winners on course for success

The Bahamas Golf Federation recently hosted it’s latest tournament, the Lyford Cay Classic, the first Stapleford Points event in Nassau for the 2017 season. The event had a mixture of male, female and junior golfers. The BGF extended its congratulati

BAAA president appointed chief scrutineer for IAAF Congress

LONDON: While she waits for Team Bahamas to start competing at the International Amateur Athletic Federation’s 16th World Championships, Bahamas Association of Athletic Associations president Rosamunde Carey is making some headlines of her own in the

IDB: Bahamas 'poses very unique challenge'

A multilateral lender says the Bahamas “poses a unique challenge” for it, with surface-level wealth “masking significant income inequality” where almost half of those living in poverty are the ‘working poor’.The Inter-American Development Bank, in a

Banks approve fewer than 50% of mortgages

Less than 50 per cent of mortgage applications were approved during the 2017 first quarter, highlighting the Bahamas’ ongoing housing crisis and borrower difficulties in qualifying for credit.The Central Bank’s research department, in a presentation

Breezes chief: Baha Mar price fears 'a distraction'

SuperClubs Breezes’ owner yesterday branded concerns over Baha Mar’s rate discounting as “a distraction”, warning: “We’ll all go hungry if we don’t expand airlift.”John Issa told Tribune Business that the Nassau/Paradise Island resort industry “can’t

INSIGHT: A bad investment - don’t you believe it

The Cable Bahamas (CAB) share price quoted on BISX has suffered a stunning fall of almost 40% in the last 18 months, from $6.50 to $4.00. EPS (earnings per share) dropped from $0.28 in 2014 to a loss of ($0.38) in 2017, and last year quarterly dividends on the ordinary shares were indefinitely suspended.

'Imperfect' Grand Lucayan rescue needs top operator

A Freeport hotelier believes the Government’s Grand Lucayan ‘rescue plan’ can work provided it does not interfere in management and operations.Magnus Alnebeck, Pelican Bay’s managing director, told Tribune Business that the Minnis administration’s pr

BAMSI officers give Caribbean update on farming progress

A team from the Bahamas Agriculture and Marine Science Institute (BAMSI) gave presentations on its progress at the 53rd annual meeting of the Caribbean Food Crops Society (CFCS) earlier this month.The annual gathering, which brings together scientist

Sandals chief: Bahamas 'can't afford' discount war

Sandals Royal Bahamian’s top executive yesterday revealed that the all-inclusive chain shares Atlantis’s Baha Mar fears, arguing that the Bahamas “can’t afford” a rate discounting war.Gary Williams, the resort’s general manager, told Tribune Business

Mega hotels must collaborate to hit 'even keel' state

The Government and major hotels need to collaborate on a “brand Bahamas” strategy to prevent ‘cannibalisation’ and ensure the industry remains on “an even keel”, a former tourism minister urged yesterday.Obie Wilchcombe told Tribune Business that the

Problems facing Harbour Island

I spent the past weekend in beautiful Harbour Island. The ride from Nassau to Harbour Island and back is a beautiful experience, especially if the boat is not too “jammed up”.

Atlantis chief admits Baha Mar 'cannibalisation' fear

Atlantis’s top executive yesterday admitted he fears ‘market cannibalisation’ as a result of Baha Mar’s opening, warning that pricing “into the Christmas season” has already been impacted.Howard Karawan, the Paradise Island resort’s president and man

Employer redundancy cap fears 'overblown'

Employer concerns over an increase in redundancy pay were yesterday branded as “overblown”, a senior trade union leader suggesting the current ‘cap’ should be doubled.Obie Ferguson, the Trades Union Congress (TUC) president, told Tribune Business tha

Realtor urges revival of ‘Economic Citizenship’

A prominent realtor has urged the Bahamas to again consider implementing an ‘Investor Citizenship’ programme, arguing that it will be “really beneficial” to the economy and local jobs.

Bahamas set to face guadeloupe in FIVB world qualifier

WITH a more youthful team this time around, head coach Jason Saunders said he’s still confident that the Bahamas will perform very well at the FIVB World Championship Qualifier Round 2 and Caribbean Volleyball Championship.Saunders, assisted by Marga

Bahamas' beach soccer teams are still in medal contention

BOTH of the Bahamas’ beach soccer teams remain in medal contention after mixed results at the national beach soccer stadium last night.The boys’ team secured the first win of the tournament for the Bahamas, a dominant 7-3 decision over Antigua and Ba

Banking limitations restrict BISX model for crowdfunding

Banking system limitations are restricting the Bahamas International Securities Exchange’s (BISX) development of crowdfunding and small business listing platforms, its chief executive has revealed.Keith Davies, in a recent interview with Tribune Busi

Beach soccer teams lose matches on opening day

Both beach soccer teams for the Bahamas lost opening day matches as the discipline began group stage play last night at the National Beach Soccer Stadium.

Beach volleyball teams suffer lopsided defeats in prelims

CONSIDER day one a learning experience for Team Bahamas as beach volleyball play began yesterday on the opening day of the VI Commonwealth Youth Games.Both the girls’ and boys’ teams suffered lopsided defeats at the National Beach Soccer Stadium in t

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