T he Central Bank reported Monday that the average domestic consumer price inflation firmed during the 12 months to April, up from the same time a year prior due to higher international oil prices and other costlier imports. With regard to our overall economy, Central Bank Governor John Rolle pointed out the same day that
Inflation is anticipated to remain high in the near term, Central Bank Governor John Rolle reported yesterday, noting that uncertainty in international energy prices and supply chain shortages related to geopolitical tensions in Eastern Europe still pose risks. “The highest levels of inflation that we observed in The Bahamas did occur post October 2022, and
In this space yesterday, we lamented the foot-dragging in revitalizing downtown Nassau something that tourism industry stakeholders and many others have long urged and successive administrations have promised to drive. We noted that it has been over a year since Deputy Prime Minister Chester Cooper warned downtown property owners and landlords that the government
Baha Mar will support Royal Caribbean International’s (RCI) $100 million beach club project planned for the western end of Paradise Island if everything is done to ensure it meets the highest environmental standards, Baha Mar President Graeme Davis said last night. “If the development is done in accordance with the environmental regulations and it doesn’t
Baha Mar has not seen any signs that a US recession will affect what could be a record-setting year for the mega resort, with both the leisure and MICE (meetings, incentives, conferences and exhibitions) markets showing a “very bright outlook”, Baha Mar President Graeme Davis told Guardian Business, adding that occupancy levels this year could be 20