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Bahamas oil well creditors accept 84% debt hair-cut

Creditors owed a collective $11.3m for the drilling of an exploratory oil well in The Bahamas have agreed to accept a near-84 percent haircut on this debt, it was revealed yesterday.

Tourism moves to halt 85% earnings leakage

Tourism executives are hoping to “arrest” the leakage of 85 per cent of the industry’s revenues by better connecting Bahamian entrepreneurs/producers with wholesale purchasers in the sector.

AID at 85-90% of pre-fire sales

MAJOR construction on Automotive Industrial Distributors' (AID) new Wulff Road headquarters should be completed within eight months, the company's operations manager yesterday told Tribune Business that the company's sales had recovered to 85 to 90 per cent of pre-fire levels.

INSIGHT: Numbers don’t lie - we need more than smart technology to turn back crime

AFTER the shared relief at the end of 2018 as the murder count was held to 91 - the lowest in nine years - the Bahamian people had high hopes the tide was turning.

‘The Tank’ Williams loses unanimous decision to Hammer

IT WAS a less than desirable result in the return to the ring for Bahamian heavyweight Sherman “The Tank” Williams in his first fight of 2015.

In ‘national interest’ to end water plant waste

A Cabinet minister yesterday said it was “manifestly in the national interest” to complete a much-criticised waste water treatment plant project plagued by a 91 percent cost overrun.

He fought for us all

CHARLES W Saunders, described as a “giant in the religious community”, died on Friday. He was 91 years old.

‘Nothing to celebrate’ on $99m borrowing

The Opposition yesterday argued there was “nothing to celebrate” in the Christie administration’s revelation that it is only borrowing $99 million to fund the 2016-2017 fiscal deficit, its finance spokesman saying it had over-burdened Bahamians with taxes to achieve this.

Atlantis ‘very concerned’ on labour reforms impact

Atlantis last night said it was “extremely concerned” over the Government’s proposed labour law reforms, saying they represented “an intrusion” into companies being able to run their businesses.

A COMIC'S VIEW: Christie’s double speak leaves us all none the wiser

There’s an old Bahamian saying that goes “He talking out two mouths”.

CARIFTA medal count

CARIFTA medal count HERE'S a look at the medal count after the first day of competition in the BTC Carifta Swimming Championships: TEAM GOLD SILVER BRONZE TOTAL Trinidad & Tobago 6 6 3 15 G

Former Tribune chief librarian dies, aged 99, in her sleep

Doris Bullard, 99, died peacefully in her sleep at her East Street south home yesterday afternoon. With her were her niece, Mrs Patricia Coakley, and her grand nephew, Father Rudi Cleare.

Wildcats top Bahamas 85-61 in Big Blue debut

The Bahamas’ national select squad gave the Kentucky Wildcats all they could handle through 30 minutes, but the visitors separated themselves late in the second half to win their Big Blue Bahamas Tour debut.The Wildcats won 85-61 last night in front

Fox and Chisholm named to Arizona Fall League rosters

LUCIUS Fox and Jazz Chisholm continue their progression through their respective Major League Baseball organisations and reached another pair of milestones this week.

NPBA Division I: Rockets advance to Final Four

THE Discount Distribution Rockets completed the New Providence Basketball Association’s Division I Final Four.

Two game leads in NPBA best of five championship series

THE Giants basketball teams are at opposite ends of the spectrum against the Rockets as the New Providence Basketball Association began its best-of-five championship series over the weekend at the AF Adderley Gymnasium.

Record-breaking swimmer leaves hospital for a second time

AUSTRALIAN ultra-marathon swimmer Chloe McCardel was yesterday discharged from hospital in Nassau for a second time after reportedly being re-admitted at the weekend due to “weeping” wounds resulting from her world record swim from the southern tip of Eleuthera to New Providence last week.

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