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80% of motorists exposed torogue, uninsured drivers

A SENIOR insurance executive yesterday said it would not take “a heavy lift” to crack down on uninsured drivers who threaten to inflict a substantial loss on 80 per cent of Bahamian motorists.Patrick Ward, Bahamas First’s president and chief executiv

Tobacco smuggling: Bill to recover 80% of revenue losses

The Government yesterday estimated that it will recover 80 per cent, or $20 million, of the revenues it loses annually to tobacco smuggling via its Excise Stamp initiative, and disclosed it was looking at similar measures to combat illegal alcohol imports.

Cable's $100m issue to slash debt costs

Cable Bahamas is aiming to slash interest costs by up to two percentage points via its $100 million preference share restructuring, revealing to Tribune Business yesterday that its Florida and local growth initiatives are “on plan”.

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FINCO: Three-year offload sparks $9.1m provision hit

Despite recovering "in excess of" 80 per cent of the outstanding principal 0n distressed property sales, FINCO's managing director yesterday said the mortgage

‘Scumbags’ hit Robin Hood re-opening with $30k theft

Efforts to re-open the former Robin Hood store off Tonique Williams-Darling Highway have hit a ‘major setback’, Mario’s Bowling and Entertainment Palace chief executive, Leslie Miller, telling Tribune Business yesterday that the store had suffered $30,000 in damages after thieves stole six air conditioning units last week.

Family and friends searching for missing Philip “Big Mama” Stubbs

Concerned family and friends are desperately searching for Philip “Big Mama” Stubbs, 80, who went missing after leaving his residence early this week.

‘Down-payments cut’ as bank removes indemnity

The Central Bank of the Bahamas (CBB) has released new “relaxed” lending rules for residential mortgages.

Woman denies guilt over falsified COVID test results

A 35-year-old woman was charged yesterday with 40 counts of possession of a forged document in connection to the recent trend of people attempting to travel using falsified COVID-19 test results.

Poachers fined $20,000 a man

THE captain and crew of two Dominican vessels caught poaching in Bahamian waters late last week were charged in the Magistrate’s Court yesterday.

'Tourism industry won't recover until June 2021'

JAMAICA’s former tourism minister projects the tourism industry won’t recover from the COVID-19 crisis until June 2021 and will see 80 percent recovery only by winter of next year.

Costs, costs and more costs to bear

Well the Camelot celebrations are all over…$’000’s spent on hats…wonder how much Tax arrears the 1000 chosen owed the Treasury had enough to embellish themselves but.....

Taxi union chief’s fear for hundreds of drivers

Hundreds of taxicab drivers could potentially be left jobless at month’s end, the Bahamas Taxicab Union’s (BTCU) president fears, with the 80 percent holding leased plates most at risk.

Zip-line 'buccaneer' in approvals push

The Bahamian investor behind a proposed Arawak Cay ‘zip line’ attraction yesterday encouraged the Minnis administration to provide the necessary approvals for it to proceed and expand the tourism offering.

Victory for Valley Boys

THE Valley Boys recovered from a humbling fifth place finish on Boxing Day to win their fourth consecutive New Year’s Day Junkanoo parade, according to unofficial results announced last night.

Exchange control delays $35m GB Power offering

Grand Bahama Power Company’s (GBPC) planned $35 million capital raising has been delayed again, this time by the need to obtain exchange control approval from the Central Bank of the Bahamas, Tribune Business understands.

Community Outreach Centre in need of assistance

ON NOVEMBER 25, 2012, St David’s Methodist Church in Grand Bahama honoured the longest serving local preacher within the Methodist Church in the Bahamas and in the Caribbean, Evangelist Lloyd Fuller Quant. Evangelist Quant has been serving the church for more than 80 years as a local preacher, ever since 1934.

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