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Melia can ‘barely’ sustain operations

The Melia Nassau Beach Resort can “barely” generate enough cash flow to finance its own operations - an admission that was yesterday seized upon by Baha Mar’s contractor.

Jones ‘Player of the Week’

For the 10th time in her five-year career, Grand Bahamian Jonquel Jones has been one of the Women’s National Basketball Association’s Players of the Week.

Corporations facing $1.6bn pension hole

The Government-owned corporations will have a collective $1.6 billion deficit in their employee pension plans by 2032 unless urgent reforms are enacted, a report obtained by Tribune Business reveals.

Cable: 'We've satisfied all of our obligations'

Cable Bahamas has met all the obligations mandated by the Bahamian governnment, a senior executive telling Tribune Business the BISX-listed communications provider injected $50 million back into the economy annually.

Families earning under $5K yearly increase by 83%

The number of Bahamian households surviving on less than $5,000 per year has increased by an "alarming" 83 per cent in the past four years, Department of Statistics data shows, indicating the recession has most im

PwC: Governance failures will cost companies dearly

Companies could lose key staff, customers and investments if they fail to live up to environmental, social and governance (ESG) expectations, a Bahamian accountant said yesterday.

Govt halts Nassau Flight Services sale

The government’s decision not to proceed with the Nassau Flight Services (NFS) privatisation is no reflection on the two final bidders’ quality, a top aviation official revealed yesterday. Algernon Cargill, director of aviation, confirmed to Tribune

Privatisation target in just 2% annual growth

The government’s latest privatisation target is forecasting annual revenue growth of just two percent over the next decade, with the selection of a preferred bidder targeted for end-July 2019.

'Job cuts show a Bahamas divided'

WITH Independence just passed, one woman who claims to have been unceremoniously “terminated” from her job at an Urban Renewal Centre, said the country is “divided”.

New location drives 80% of December sales rise for AID

A major Bahamian retailer yesterday revealed that its newly-opened Blue Hill Road and Coconut Grove store was responsible for 80 percent of the December sales increase seen in Nassau.

THE PRESS BOX – RATINGS WARS: AEW STILL BEATING UP THE WWE!

TNT’s All Elite Wrestling Dynamite” (AEW) slammed USA Network’s “NXT” (WWE) clean in the middle of the ring on Wednesday night past, winning its second Wednesday ratings war in a row.Wednesday night’s AEW show received 1.018 million total viewers, wh

Banks urged: Lower your debit card fees

REDUCED fees on debit card transactions could significantly boost commerce in the Bahamas, a leading businessman noting that credit card purchases effectively ruled out roughly 80 per cent of the shopping public.

DPM: Crime coverage woe ‘losing momentum’

THE Deputy Prime Minister yesterday voiced optimism that damaging media coverage of The Bahamas is “losing momentum” with major resorts reporting peak winter occupancies “in excess of 80 percent”.

Sports notes

In conjunction with the Gym Tennis Club, Brajaxba Tennis Club held its 2015 Back-To-School Jamboree at the Gym Tennis Club on Saturday. The results posted are as follows:

UB Mingoes men’s basketball team opens the season with losses

UNIVERSITY PARK, Illinois – The University of The Bahamas Mingoes men’s basketball team lost both games at the Governors State University Jaguars Tip-Off Classic over the weekend.

BISX-listed Fund eyes restart for dividends after 15-year gap

The BISX-listed Bahamas Property Fund’s Board will within the next month receive a recommendation to resume investor dividend payments after a 15-year hiatus following completion of its $8m preference share financing.

80% Baha Mar vendor payout by tomorrow

Baha Mar’s creditor payout committee believes it will “have dealt with” about 80 per cent of Bahamian vendor and contractor claims by tomorrow, as it explores ways to “speed up” the process.

New PI super yacht marina 80% booked

PARADISE Island’s newly-opened Hurricane Hole super yacht marina is over 80 percent booked, its principal developer says, with the wider $250m project moving forward at a brisk pace.

Food prices to ‘never return to pre-COVID’

The Retail Grocers Association’s president yesterday warned Bahamians that food prices will not return to pre-COVID levels and said: “The cost of operations is increasing all over the world.”

Buddy Buckets season high 21

THERE may be something to Dave Joerger’s “Buddy Off The Bench” plan.Hield scored a season-high 21 points to lead the Sacramento Kings a 94-86 win over the Oklahoma City Thunder Tuesday night at the Golden 1 Center in Sacramento, California.It was eas

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