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'Stop relying on good US fortune', top banker urges
The Bahamas must "stop relying on its good fortune" and US proximity to reverse its downgrade spiral and recover its economy from COVID-19's clutches, a top banker has warned.
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‘New BEC’s’ solar Out Island focus
The Bahamas Electricity Corporation’s (BEC) new manager yesterday promised that solar energy would be integrated into its generation solutions, with the Family Islands likely to prove especially fertile ground.
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National debt now over $6bn
The Bahamas’ national debt breached the $6 billion threshold during the 2014 fourth quarter, with more than $200 million added to it in the preceding three months.
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Baha Mar president seeks COVID protocol ‘pull back’
The Bahamas’ two mega resorts yesterday blamed Omicron for disrupting their “booking pace” and costing them critical group business as they called for COVID restrictions to be further eased.
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Time for the bank system to be changed
Re: Article “Why do we put up with these banks?”
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Water polo medal haul: Making a splash at Carifta
TEAM Bahamas continues to establish its position as a regional powerhouse in CARIFTA water polo and captured three medals at the event for the second consecutive year.
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Accountant joins KRys Global's Bahamian office
Vanice Thomas-Erskine has joined the Bahamas office of KRyS Global, the corporate asset recovery, insolvency, forensic accounting and business advisory specialist.
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Club helping to build leaders of the future
THE newest EarlyAct club in the country celebrated its charter night at Xavier’s Lower School.
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$5.5bn refinery: 80% of jobs for Bahamians
THE developer behind the proposed $5.5 billion oil storage terminal and refinery for Grand Bahama yesterday pledged that 80 per cent of jobs will go to Bahamians. Peter Krieger, Oban Energies’ non-executive chairman, speaking at the signing of a Memo
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Electric vehicle 'playing field' uneven through 80% tariff
A BAHAMIAN importer/distributor yesterday urged the new government to use its upcoming Budget to create a 'level playing field' for electrical scooters, telling Tribune Business the existing 80 per cent import tariff made the product "uncompetitive".
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Crawfish poaching hits 'sustainable' EU certification
Poaching by Dominican Republic fishermen has created “a very significant trade issue”, a Cabinet Minister said yesterday, given that 97 per cent of the crawfish harvest was exported and that the Bahamas had to prove to Europe it was “sustainable”.
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‘Bahamians are natural athletes...I think we can start at a later age and still excel’
AS MORE and more Bahamians explore the path to football stardom in Canada, one player that has reached the pinnacle of the sport reflected on his third and perhaps best season to date.
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Early Xmas present via 15-16% LPG cut
The Price Control Commission yesterday gave hard-pressed Bahamian consumers an early Christmas present by lowering the maximum retail price for 100 pound liquefied propane gas (LPG) cylinders by up to 16.3 per cent.
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Social services project aims to help people ‘rise’
AFTER years of planning and research, the Department of Social Services’ Conditional Cash Transfer project is now a reality following the launch of the Ministry of Social Services’ RISE public relations campaign yesterday.
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Realtor: 'Too many grey areas' on VAT
A leading realtor yesterday said “too many grey areas” remain over Value-Added Tax (VAT), expressing fears that its implementation would be “a bloody mess” come the New Year.
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Ingraham: PLP avoids tough decisions
FORMER prime minister Hubert Ingraham has described the Davis administration as being reluctant to make decisions on controversial issues since being elected, adding that “not long from now” the government will be held accountable for its actions or perceived inaction.
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BORCO's 1.2m barrel 'key commercial win'
THE Bahamas Oil Refining Company (BORCO) has secured a "key commercial win" through a long-term contract that supports a further 1.2 million barrel oil storage capacity expansion, with the Grand Bahama-based facility driving a 24.1 per cent adjusted operating income increase for its parent's international operations.
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'Oversubscribed' AML offer attracts $10m
AML Foods yesterday confirmed Tribune Business’s Monday article by disclosing that its preference share issue had been oversubscribed by $2.5 million, adding that the extra sum would be used to boost cash flow by taking out short-term bank debt.
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Labour chief dismisses ‘ultra vires’ concerns on law amendments
The Director of Labour yesterday said there was “no basis” to the Chamber of Commerce’s assertion that the labour law reforms were “ultra vires” because they had not been unanimously approved by all National Tripartite Council (NTC) members.
