LPIA sees busiest day on record

NASSAU, BAHAMAS – The Lynden Pindling International Airport (LPIA) recorded its highest traffic day on record last month, with Tourism officials calling visitor arrivals to The Bahamas a “banner” start to the year. Speaking at the Internationale Tourismus-Börse (ITB) tourism trade fair in Berlin, Tourism’s Director General Joy Jibrilu revealed that while LPIA hit a record […]

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Yearly 25,000 Japanese car imports to drop as new car sales expected to hike

NASSAU, BAHAMAS – Auto industry insiders are eyeing a possible decline in nearly 25,000 used Japanese vehicles imported into the country each year as new car imports are tailored to fit the more affordable 25 per cent tax rate. Because of their more economical prices and engine size, anywhere from 15,000 to 25,000 used cars […]

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Strong fiscal and economic policies continue to drive economic turnaround

NASSAU, BAHAMAS – The country is on the road to recovery, and the most recent Central Bank report provides further evidence that the Government’s fiscal and economic policies are leading the way in the turnaround. “We are experiencing moderate growth in a stable economy, and given the size of the turnaround required, that is a […]

D’Aguilar: Nearly two dozen vying to own Grand Lucayan

Says bidding process will close in less than three weeks   NASSAU, BAHAMAS – Government will soon begin narrowing down a list of nearly two dozen who are vying for the chance to own and operate the Grand Lucayan Resort on Grand Bahama, according to tourism minister Dionisio D’Aguilar. The government purchased the embattled property […]

Preferred bidder on Nassau’s cruise port delayed

NASSAU, BAHAMAS – The government will delay its evaluation period and ultimate decision on which entity will develop and operate the Port of Nassau until the first quarter of 2019 to allow stakeholders and public servants involved in the process an opportunity to recognize the upcoming holidays, Eyewitness News Online can confirm. Bids were submitted […]

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Majority compliance in FATF re-rating

AG: Major step forward for financial services sector NASSAU, BAHAMAS – The Financial Action Task Force (FATF) yesterday re-evaluated The Bahamas’ compliance with its anti-money laundering and counter-terrorist financing requirements and found the country compliant with the majority of its recommendations. The re-evaluation and increased compliance ratings are expected to stave off any sanctions from […]

Bowe: Despite IMF report, Bahamas still walks a “fine line”

NASSAU, BAHAMAS – Despite a recent review by the International Monetary Fund (IMF), which commended the government for several key policy initiatives, Gowon Bowe, the Chief Financial Officer at Fidelity Bank said the country still walks a fine line towards a promising economic state. “While it was a relatively upbeat synopsis of the visit, it […]