Business

BusinessDecember 8, 2023 at 4:30 am Jayson Braynen

Business

Tech CEO urges Bahamian businesses to use AI

NASSAU, BAHAMAS — Bahamian businesses will benefit greatly from embracing the advantages that come with utilizing artificial intelligence (AI) in their day-to-day operations, according to the CEO of a local tech company. Plato Alpha Design CEO Duran Humes said a number of industries in both the public and private sectors are able to benefit from […]

NASSAU, BAHAMAS — Bahamian businesses will benefit greatly from embracing the advantages that come with utilizing artificial intelligence (AI) in... read more »

December 8, 2023 at 4:30 am | Jayson Braynen

BusinessDecember 8, 2023 at 4:10 am Natario McKenzie

Business

Yacht Brokers Association says VAT on yacht charters is driving business to other destinations

NASSAU, BAHAMAS — The Bahamas Yacht Brokers Association (BYBA) is urging the government to address the impact of its Value Added Tax (VAT) policy on the yacht charter industry, arguing that based on its research, the tax on yacht charters is driving away a large percentage of international yacht business to other more affordable destinations. […]

NASSAU, BAHAMAS — The Bahamas Yacht Brokers Association (BYBA) is urging the government to address the impact of its Value... read more »

December 8, 2023 at 4:10 am | Natario McKenzie

BusinessDecember 7, 2023 at 1:54 pm Eyewitness News

Business

Government and Royal Caribbean partner to provide 200 residents with farming kits

NASSAU, BAHAMAS- The Agricultural Development Organization (ADO) in partnership with Royal Caribbean International (RCI) is presenting 200 backyard farming kits to residents today at the St. Thomas More Parish Hall. Agriculture Minister Jomo Campbell, says the initiative is an important one as it “paves the path for national food security.”

NASSAU, BAHAMAS- The Agricultural Development Organization (ADO) in partnership with Royal Caribbean International (RCI) is presenting 200 backyard farming... read more »

December 7, 2023 at 1:54 pm | Eyewitness News

BusinessDecember 7, 2023 at 4:20 am Natario McKenzie

Business

BHTA president: Convert more cruise passengers into stop-over visitors for sustained tourism growth

NASSAU, BAHAMAS — Bahamas Hotel & Tourism Association President Robert ‘Sandy’ Sands yesterday suggested that by converting just five percent of cruise visitors into stopover guests, The Bahamas could inject millions into the local economy, leveraging the current cruise visitor arrivals boom for sustained tourism growth. Tourism officials announced earlier this week that The Bahamas has […]

NASSAU, BAHAMAS — Bahamas Hotel & Tourism Association President Robert ‘Sandy’ Sands yesterday suggested that by converting just five percent of... read more »

December 7, 2023 at 4:20 am | Natario McKenzie

BusinessDecember 7, 2023 at 4:17 am Natario McKenzie

Business

PM: Bahamians need to lead in tourism industry, not just participate

NASSAU, BAHAMAS — Prime Minister Philip Davis yesterday underscored the need for Bahamians to transition from mere participation in the country’s tourism sector to actively leading it, noting that beyond job opportunities, this involves fostering ownership and assuming leadership roles in the industry. “It’s time for Bahamians to not just participate in tourism but to […]

NASSAU, BAHAMAS — Prime Minister Philip Davis yesterday underscored the need for Bahamians to transition from mere participation in the... read more »

December 7, 2023 at 4:17 am | Natario McKenzie

BusinessDecember 7, 2023 at 4:15 am Natario McKenzie

Business

NO MORE ROOM: Baha Mar sold out for final week in December

NASSAU, BAHAMAS — Baha Mar witnessed a “historic” and “record-breaking” performance this year, with a senior executive revealing that the booking pace for the first quarter of 2024 is “very strong.” Robert ‘Sandy’ Sands, Baha Mar’s Senior Vice President, reported that the resort’s strong performance resulted from several successful events that drove visitors to the […]

NASSAU, BAHAMAS — Baha Mar witnessed a “historic” and “record-breaking” performance this year, with a senior executive revealing that the... read more »

December 7, 2023 at 4:15 am | Natario McKenzie

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BusinessDecember 7, 2023 at 4:08 am Natario McKenzie

Business

GBPA president says Grand Bahama “finally joining the party” as tourism numbers improve

NASSAU, BAHAMAS- The President of the Grand Bahama Port Authority (GBPA) highlighted the island’s significant improvement in tourism performance, declaring that it is “finally joining the party.” Ian Rolle, GBPA president while addressing the Bahamas Hotel and Tourism Association’s (BHTA) annual general meeting noted that the island’s tourism sector has seen a significant improvement over […]

NASSAU, BAHAMAS- The President of the Grand Bahama Port Authority (GBPA) highlighted the island’s significant improvement in tourism performance, declaring... read more »

December 7, 2023 at 4:08 am | Natario McKenzie

BusinessDecember 7, 2023 at 4:05 am Natario McKenzie

Business

Out island resorts report room nights sold at nearly 80 percent of 2019 levels

NASSAU, BAHAMAS — Total room nights sold for Bahamas Out Island Promotion Board (BOIPB) member properties between January and October reached 79 percent of 2019 levels, while room revenue during the same period was at 99 percent in comparison. Kerry Fountain, the BOIPB’s executive director, while addressing the Bahamas Hotel and Tourism Association’s (BHTA) annual […]

NASSAU, BAHAMAS — Total room nights sold for Bahamas Out Island Promotion Board (BOIPB) member properties between January and October... read more »

December 7, 2023 at 4:05 am | Natario McKenzie

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BusinessDecember 6, 2023 at 11:12 am Jose Etienne

Business

Baha Mar fully booked heading into 2024

NASSAU, BAHAMAS-Baha Mar’s Senior Vice President of Government Relations Robert Sands has revealed that the resort is benefitting from the surge in tourism business as the property is booked to capacity heading into the new year. Sands also revealed that Baha Mar is seeking to meet the needs of the growing “family,” market with […]

NASSAU, BAHAMAS-Baha Mar’s Senior Vice President of Government Relations Robert Sands has revealed that the resort is benefitting from... read more »

December 6, 2023 at 11:12 am | Jose Etienne

BusinessDecember 6, 2023 at 10:34 am Jose Etienne

Business

Tourism stakeholders gather for Bahamas Hotel & Tourism Association annual general meeting

NASSAU, BAHAMAS- The Bahamas Hotel & Tourism Association (BHTA) is hosting its 71st Annual General Meeting; tourism stakeholders from across the country are in attendance. BHTA President Robert Sands, during his official address, congratulated association members who he says have served as the bedrock for the tourism industry as it experienced record-breaking numbers of visitor […]

NASSAU, BAHAMAS- The Bahamas Hotel & Tourism Association (BHTA) is hosting its 71st Annual General Meeting; tourism stakeholders from across... read more »

December 6, 2023 at 10:34 am | Jose Etienne

BusinessDecember 6, 2023 at 4:17 am Natario McKenzie

Business

Bahamian economy sustained its growth trajectory at a “moderate pace” in Q3, says Central Bank

NASSAU, BAHAMAS — The Bahamian economy sustained its growth trajectory in the third quarter, although at a “moderate pace,” supported by healthy gains in the tourism segment and several small to medium-scale foreign direct investment projects, according to the Central Bank. The Preliminary indications are that during the third quarter of 2023, the Bahamian economy […]

NASSAU, BAHAMAS — The Bahamian economy sustained its growth trajectory in the third quarter, although at a “moderate pace,” supported... read more »

December 6, 2023 at 4:17 am | Natario McKenzie

BusinessDecember 5, 2023 at 4:25 am Natario McKenzie

Business

MILESTONE: Tourism arrivals hit record eight million visitors

Visitor spending projected to exceed $6 billion NASSAU, BAHAMAS — The Bahamas has welcomed a record eight million visitors so far this year, with direct visitor spending likely to exceed $6 billion, according to Deputy Prime Minister Chester Cooper. Commenting on yesterday’s achievement, Cooper, the Minister of Tourism, Aviation, and Investments, noted that The Bahamas […]

Visitor spending projected to exceed $6 billion NASSAU, BAHAMAS — The Bahamas has welcomed a record eight million visitors so... read more »

December 5, 2023 at 4:25 am | Natario McKenzie

BusinessDecember 5, 2023 at 4:20 am Natario McKenzie

Business

URCA to make ‘inquiries’ after Cable Bahamas customers complain over NFL games being blocked

NASSAU, BAHAMAS — The Utilities Regulation and Competition Authority (URCA) says it is “making its own inquiries” after being bombarded with complaints from irate Cable Bahamas customers over National Football League games being blocked on Sunday. The regulator said: “The Utilities Regulation and Competition Authority (URCA) is aware of Cable Bahamas customers having National Football League […]

NASSAU, BAHAMAS — The Utilities Regulation and Competition Authority (URCA) says it is “making its own inquiries” after being bombarded with... read more »

December 5, 2023 at 4:20 am | Natario McKenzie

BusinessDecember 4, 2023 at 12:56 pm Jose Etienne

Business

Nassau Cruise Port reports record-breaking cruise visitor arrivals

NASSAU, BAHAMAS- Nassau Cruise Port (NCP) CEO Mike Maura has revealed that NCP has broken its all-time cruise visitor record with a total of 3,869,003 so far for the year. This year’s count beat the 2019 record of 3,859,183 cruise visitors Maura’s announcement coincides with the tourism minister’s announcement that the country has recorded over 8 […]

NASSAU, BAHAMAS- Nassau Cruise Port (NCP) CEO Mike Maura has revealed that NCP has broken its all-time cruise visitor record... read more »

December 4, 2023 at 12:56 pm | Jose Etienne

BusinessDecember 4, 2023 at 4:25 am Natario McKenzie 1

Business

Guana Cay residents in urgent appeal to PM over power woes

NASSAU, BAHAMAS — Bahamas Power and Light (BPL) said yesterday that it is looking at interim measures to improve the supply of electricity to Guana Cay as frustrated residents and second homeowners have issued an urgent appeal to Prime Minister Philip Davis to address the situation which they say is threatening the community’s economic and […]

NASSAU, BAHAMAS — Bahamas Power and Light (BPL) said yesterday that it is looking at interim measures to improve the... read more »

December 4, 2023 at 4:25 am | Natario McKenzie | 1

BusinessDecember 4, 2023 at 4:20 am Natario McKenzie

Business

Pintard accusses Davis administration “cherry-picking” IMF’s latest report

NASSAU, BAHAMAS — The Opposition is accusing the Davis administration of “cherry picking” over the International Monetary Fund’s (IMF) latest assessment while demanding that the government releases the overdue monthly and quarterly budget reports as required by law. Opposition leader Michael Pintard noted that the August, September, and October monthly reports are now late in […]

NASSAU, BAHAMAS — The Opposition is accusing the Davis administration of “cherry picking” over the International Monetary Fund’s (IMF) latest... read more »

December 4, 2023 at 4:20 am | Natario McKenzie

BusinessDecember 4, 2023 at 4:15 am Natario McKenzie

Business

PM queries when fund aimed at helping countries hit by climate crisis can be accessed

NASSAU, BAHAMAS- Prime Minister Philip Davis, while delivering The Bahamas’ national statement at COP28 in Dubai, questioned how long countries like The Bahamas must now wait before they can access a fund aimed at helping nations hit hardest by the climate crisis. During his address Prime Minister Davis said, “We welcome the pledges made in […]

NASSAU, BAHAMAS- Prime Minister Philip Davis, while delivering The Bahamas’ national statement at COP28 in Dubai, questioned how long countries... read more »

December 4, 2023 at 4:15 am | Natario McKenzie

BusinessDecember 4, 2023 at 4:07 am Natario McKenzie

Business

Abaco resort operator optimistic for 2024 “banner year”

NASSAU, BAHAMAS – An Out Island resort operator has expressed optimism that 2024 will be a banner year for its marina and resort business, with considerable bookings already secured for spring and summer. “Things are going pretty well here at Bluff House Beach Resort & Marina on Green Turtle Cay! We have not been as […]

NASSAU, BAHAMAS – An Out Island resort operator has expressed optimism that 2024 will be a banner year for its... read more »

December 4, 2023 at 4:07 am | Natario McKenzie

BusinessDecember 4, 2023 at 4:05 am Natario McKenzie

Business

MILESTONE: Nassau Cruise Port surpasses all-time annual passenger record

NASSAU, BAHAMAS — The Nassau Cruise Port has surpassed its all-time annual passenger record with a little less than one month to go before year’s end. The port set its previous record of 3,859,183 passengers in 2019. As of the end of November, the port team had welcomed 3,869,003 passengers for the year. Nassau Cruise […]

NASSAU, BAHAMAS — The Nassau Cruise Port has surpassed its all-time annual passenger record with a little less than one... read more »

December 4, 2023 at 4:05 am | Natario McKenzie

BusinessDecember 1, 2023 at 4:18 am Natario McKenzie

Business

TABLES TURNED: Pinder sees partial success in court battle with union over accrued vacation entitlement

Judge says the current BPSU president was “evasive or intentionally abstruse” while giving evidence. NASSAU, BAHAMAS — Prominent trade unionist John Pinder has experienced a partial victory in his legal pursuit of accrued vacation pay against the Bahamas Public Services Union (BPSU), which he led for 15 years, with a judge deciding against granting the […]

Judge says the current BPSU president was “evasive or intentionally abstruse” while giving evidence. NASSAU, BAHAMAS — Prominent trade unionist... read more »

December 1, 2023 at 4:18 am | Natario McKenzie