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Bank of the Bahamas opens for business in Bimini
THE Bank of The Bahamas opened a branch in Bimini on Monday restoring banking services to that island for the first time since the Royal Bank of Canada pulled out on August 2.
DEAL FOR TWO NASSAU HOTELS FALLS THROUGH
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net PLANS for the sale of two Nassau hotels have fallen through due to "financing issues", a source close to the situation confirmed to Tribune Business yesterday. Canadian investors R
Dr Minnis: It was FNM's idea for hospital in Eleuthera
OPPOSITION Leader Dr Hubert Minnis said yesterday that it was the FNM’s idea to build a new hospital in Eleuthera and Prime Minister Perry Christie should give them the credit.
Exuma urged to increase boater revenue five-fold
Potential revenues from visiting boaters remain relatively “untapped” by the Exuma mainland, a former Chamber of Commerce president on the island estimating that “five times” the current intake could be realised if the segment was served properly.
Permanent solar lights purchased for Mayaguana Airport
PERMANENT solar lights have been purchased for the Mayaguana Airport, Minister of Transport and Aviation Glenys Hanna-Martin announced yesterday.
PM predicts 300 new jobs for Bimini
PRIME Minister Perry Christie yesterday forecast more than 300 new jobs for Bimini and upgrades to health care services as the government expands its public-private sector partnership with the Genting Group and the University of Miami.
Grandson of Hemingway headed for fishing event in Bimini
ALICE TOWN –The Bimini Big Game Club Resort and Marina announced that there will be a Hemingway fishing in their Wahoo Smackdown II Tournament scheduled for February 21-23.
Call to turn the lights out on GB Power Company
By DENISE MAYCOCK
Realtors: Housing deal is 'pregnant with opportunity'
Bahamian realtors believe their new agreement with the Ministry of Housing is “pregnant with opportunity”, as they yesterday expressed concern about the island Land Use Plans imposed by recent planning legislation.
'No business sense' for Bahamasair out island route expansion
A leading Bahamian airline executive yesterday said that it made “no business sense” for Bahamasair to continue to expand to less profitable out island routes, noting that the government-subsidised airline created an “uneven playing field’ for domestic carriers.
Budget tax rises 'necessary evil'
A LEADING small business consultant yesterday called on the Government to “be creative” and examine the Family island development model, telling Tribune Business there were potential untapped revenue streams in the culture and heritage sectors.
Sports Notes
THE Bahamas Junior Fed Cup team, coached by Bradley Bain, defeated El Salvador 3-0 yesterday in Santo Dominigo.
Gov’t in year-long aviation VAT ‘lapse’
The VAT Comptroller has admitted to year-long “lapses” on how the 7.5 per cent levy should be applied to foreign-bound aircraft, before delivering a ruling to spoil the private aviation industry’s New Year.
QC: Bimini’s dive tourism sacrificed for minimal gain
The Bahamas has sacrificed Bimini’s “world renowned dive sites” and coral reefs for nothing as a result of Resorts World’s decision to cease its ‘SuperFast’ cruise ship service, an outspoken QC said yesterday.
Sports notes
THE Masters Softball League is scheduled to hold a meeting for all teams, managers and players 6:30pm Tuesday in the Archdeacon William Thompson Softball Park at the Southern Recreation Grounds.
INSIGHT: While Atlantis flip-flops, concerns turn to impact of RCI’s project on Downtown
PEACE has apparently broken out between Atlantis and Royal Caribbean – and to hear the president of Atlantis tell it, there was never any opposition in the first place.
Bahamas 'on target' for 6-7% tourist arrival rise
A senior Ministry of Tourism official yesterday said the Bahamas was “on pace” for total 2012 tourist arrivals to finish 6-7 per cent ahead of last year, with visitor numbers around 5.6-5.7 million “or higher”.
$5m expansion to 'double' marina
The new owners of Long Island’s Flying Fish Marina yesterday said they were planning to invest “at least $5 million” to upgrade the property, doubling both full-time staff and boat slips.
Activists fear ‘total decimation’ of PI site by Royal Caribbean
BAHAMIAN environmental activists yesterday reiterated fears that Royal Caribbean’s $100m beach club project will cause “total decimation” of western Paradise Island despite assurances to the contrary.