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Bahamas faces recession if US falls over ‘fiscal cliff’

The US could tip the Bahamian economy back into recession within eight months unless Washington reaches a deal by tonight to avert its so-called ‘fiscal cliff’, a former finance minister has warned.

Dropping air routes 'not political move'

BAHAMASAIR General Manager Henry Woods yesterday dismissed claims that the decision to drop routes to Treasure Cay was a politically motivated punitive measure.

Family Island resorts suffer mixed Xmas

OCCUPANCIES at Out Island resorts for the Christmas period and into the New Year appear to be mixed, with one major property forecasting strong performance, while another said its guest business was in the

$4.1bn pension liability a ‘Titanic-sinking iceberg’

The Government’s unfunded public sector pension liabilities will hit $4.1 billion by 2032 without proper reform, a leading accounting firm yesterday describing this as “unsustainable” and akin to “the iceberg that sank the Titanic”.

Police hunt for wanted men

GRAND Bahama police are searching for two men who are wanted for questioning in connection with armed robbery, housebreaking and stealing incidents on the island.

Police bail extended for man accused of stealing $40,000

AN Eleuthera man accused of stealing more than $40,000 from his employer between 2009 and 2012, had his police bail extended in the magistrates court yesterday until he is formally arraigned in Eleuthera next week.

Dr. Gilbert Fitzroy Davis

Funeral Service for Dr. Gilbert Fitzroy Davis, 94 of Sans Souci, New Providence will be held on Tuesday, February 20, 2018, at 11:00 a.m. at St. Anselm's Roman Catholic Church, Bernard Road, Fox Hill. Father Anselm Russell will officiate, assisted …

Jean Caroline Thomas, M.B.E. née Malone

Funeral Service for Jean Caroline Thomas, M.B.E. née Malone, 94 who died on Thursday, 10th August, 2017, will be held at Christ Church Cathedral, George Street, Nassau, N.P., The Bahamas, on Saturday, 19th August, 2017 at 10:00am. The Very Reverend …

BEC general manager leaves role, becomes advisor

WITH PowerSecure now in full control of the operations of the Bahamas Electricity Corporation, sweeping changes have been implemented at the executive level with former BEC General Manager Kevin Basden now assuming a new role as consultant/advisor to Bahamas Power & Light (BPL), The Tribune understands.

IAN FERGUSON: We ignore region at our own peril

The Caribbean Hotel and Tourism Association (CHTA) and Caribbean Tourism Organisation have this week ‘come to our shores’. Ministers of Tourism and leading industry professionals are meeting over how to build capacity, and strengthen our individual nations and region as a whole.

Turnquest: Budget will not help average Bahamians

FNM Deputy Leader Peter Turnquest said the government’s hype over the tax reductions it will implement on select items for the upcoming fiscal year is misplaced.

Duty rate on cars cut, but ban on vehicles over ten years old

PRIME Minister Perry Christie said the revenue performance of value added tax (VAT) since its implementation in January has opened the door for several customs duty reductions and some tariff eliminations to ease the burden on Bahamians.

Rise in visitors by air, but a drop in cruise tourists

THERE has been a two per cent increase in the number of visitor air arrivals, but a one per cent “downturn” in the number of cruise ship passengers in the first quarter of 2016, Tourism Director General Joy Jibrilu said yesterday.

Chisholm Jr and Marlins celebrate latest historic double grand slam feat

BAHAMIAN Jasrado “Jazz” Chisholm Jr and the Miami Marlins celebrated his latest historic feat, being the team’s first player to notch grand slams in back-to-back games.

JONQUEL JONES, SUN STAY ALIVE: Connecticut routs Las Vegas 105-76

On a night where Jonquel Jones was awarded her fourth All-WNBA selection, her Connecticut Sun staved off elimination in game three of the WNBA Finals.

Second murder in two days

POLICE are investigating a second homicide in as many days after a man was shot dead yesterday morning off Hamster Road.

Start-up success still the exception, not the rule

STARTING out is tough in many different ways. I still remember my first days at high school, and my first week at work. I was nervous the day I decided to propose to my wife. Is natural conservatism the reason for this reticence, I wonder, or could there be more to it. Is nature trying to tell us something?

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