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Govt slams S&P for ignoring $1bn Baha Mar impact
The Government last night slammed Standard & Poor’s (S&P) decision to cut the Bahamas’ creditworthiness to ‘junk’ status, arguing that it had failed to “fully consider” growth-enhancing initiatives such as $1 billion in upcoming capital investments at Baha Mar.
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Gov’t targets LPG price reduction
The Government was yesterday said to be “definitely considering” reducing the cost of price-controlled liquefied petroleum gas (LPG) or cooking gas, amid dealer concerns that such action makes no sense.
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‘Pulling the rug from under’ our tourism revival
Hotel operators have voiced fears that US quarantine plans will “pull the rug out from under” Bahamian tourism’s revival with several properties already reporting booking cancellations as a result.
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Arawak Port: Tough to match 157% profit rise
THE Nassau Container Port’s chief executive yesterday said it “will take something quite significant to repeat” 2017’s 157 per cent profits rise, which received a $1.1 million Baha Mar boost.Michael Maura told Tribune Business that Baha Mar’s remobil
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QC blasts Sarkis for ‘obstruction’
A well-known QC last night accused Sarkis Izmirlian of mounting “a last ditch effort to obstruct” the potential resolution of the $3.5 billion Baha Mar impasse.
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PI Open on par for Ocean Club Golf Course this Saturday
THE first event of the Bahamas Golf Federation’s “Cup Series” will aid the development of the organisation’s junior programme and the fight against breast cancer.
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Port development 'must bring life to downtown Nassau'
BAHAMAS Chamber of Commerce and Employers Confederation’s (BCCEC) chief executive, Jeffrey Beckles, yesterday stressed that a commitment to Bahamian ownership and involvement in the Nassau cruise port redevelopment is “critical”, adding Bahamians mus
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People have to accept public services means paying taxes
BAHAMIANS must be educated on the fact they cannot demand modern infrastructure and services without paying taxes, according to a local businessman, stating: “We cannot have our cake and eat it too.”Dr Keenan Larry Carroll, owner of the Sandpiper Inn
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Wholesaler researches lobster exports by air
The Bahamas must maximse the economic returns from its key industries, the Prime Minister emphasised, revealing that one food processor is working on growing lobsters.
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Poland defends Bahamas over allegations
POLISH Ambassador yesterday defended the human rights record of the Bahamas amidst ongoing protests over alleged torture of Cuban detainees.
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Bacardi owner in multi-million solar investment
The former Bacardi plant’s principal is aiming to ultimately invest $5-$6 million in installing solar panels on the property’s eight acres of roof space, with long-term plans involving the supply of power to surrounding subdivisions.
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GB Power owner puts CNG project on hold
A newly-approved project to supply Grand Bahama Power Company (GBPC) with natural gas will not be initiated immediately because low global oil prices mean the economics do not now make sense, Tribune Business was told yesterday.
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Local banks pass anti-financial crime 'shadow shopping'
The Central Bank yesterday hailed the results of a 'mystery shopper' style survey of Bahamian financial institutions which found "rigorous evidence" they were in full compliance with efforts to combat financial crime.
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Tender process begins for Long Island water supply
A MAJOR milestone for Long Island gets underway this week with the public tender exercise to expand potable water supply on the island, Water and Sewerage Corporation (WSC) Chairman and island MP Adrian Gibson announced yesterday.The tendering proces
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Bahamas hitting ‘bull’s eye on HIV/AIDS global targets’
HIV/AIDS Foundation hosts candlelight vigil on December 1
TOMORROW the world re-commits to the fight against HIV/AIDS.
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Banks’ bad loans strike ten-year low
Bad loans commercial banking industry borrowers dropped to under $800m at end-January 2019, falling to their “lowest levels for ten years”.
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BPL: 8,000 customers still without power supply
MORE than 90 per cent of Bahamas Power and Light’s residential customers in New Providence have been restored to supply, however there are still approximately 8,000 customers without power, BPL said yesterday.
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Bahamas First in 18.5% motor claim increase
Bahamas First has seen a 20 percentage point decline in comprehensive insurance policies’ share of its auto book since the recession began, with total Bahamian motor claims increasing by 18.5 per cent in 2012. ==
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BTC sees near 22% profit fall
The Bahamas Telecommunications Company (BTC) suffered a near-22 per cent profits fall to $29 million for the first half of its 2016 financial year, as revenues and margins came under pressure from mobile competition preparations.
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Gov't developing 'virtual warehouses' for VAT transition
The Government is developing a ‘virtual bonded warehouse’ concept to ease the Value-Added Tax (VAT) transition for businesses with large physical goods inventories, with private sector leaders yesterday urging “some give and take” from both sides.
