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Atlantis beats revenue goals, targets ‘strong’ 2023 first half

Atlantis continues to beat its revenue targets and is predicting a strong 2023 first half, a senior executive has revealed, with the wider resort industry bracing for 90 percent-plus occupancies over the Christmas and New Year period.

'Greater risk' for insurers if 90-day cover eliminated

Eliminating 90-day “cover notes” will fail to curb uninsured drivers while increasing the risk faced by insurance companies, the Bahamas Insurance Association’s (BIA) chair warned yesterday.Emmanuel Komolafe told Tribune Business there was a mistaken

Second Baha Mar SPV asset transfer

Baha Mar’s receivers and liquidators have left “no stone unturned” in their hunt for assets, quietly transferring a second tranche to the project’s secured creditor in December 2016.

Butler-Turner insists that Long Island will recover

AS REBUILDING efforts begin to take shape in Long Island, area representative Loretta Butler-Turner held the second in a series of town meetings, working to ensure that all concerns raised by residents are heard.

Surplus banking liquidity at $1.6bn

Excess liquidity in the Bahamian commercial banking system increased by $271.3 million in the year to end-July 2016, with the new $1.586 billion high illustrating the continuing difficulties in finding suitable borrowers.

Cruise port 90 percent completed and expected to be ready for May completion

THE new Nassau Cruise Port is more than 90 percent completed, according to its chief executive officer Michael Maura who said the port’s opening remains on schedule for the last week of May.

New Year's occupancies at 90-100% in Out Islands

Boating traffic drove New Year's occupancies at Family Island resorts as high as 90-100 percent, hotel managers said yesterday, but New Providence properties did not fare as well.

90 days more for Ragged Island water

RAGGED Island residents will have to wait another 90 days before water supply on the island is back to normal, Water and Sewerage Corporation Assistant General Manager of Family Island Operations Cyprian Gibson told The Tribune yesterday.

90% of taxes to go via Central Revenue Agency, Customs

THE Government is proceeding with plans to establish a Central Revenue Agency (CRA) that will collect all taxes bar Customs duties, a Cabinet Minister saying that together the two departments would receive 90 per cent of all due revenues.

Fortify coast for economic growth

The Bahamas’ growth and economic diversification “depend” on fortifying its coast against natural threats, the Inter-American Development Bank (IDB) noting that 60 per cent of its gross domestic product (GDP) is generated by these areas.

Tribute to my aunt, Dame Marjorie Davis

My aunt Dame Marjorie Davis will be laid to rest today at St Francis Xavier Catholic Cathedral. She lived an exemplary life, having dedicated her life to God and fulfilling the work of our Lord throughout her long life of nearly 95 years. A Bahamian icon and heroine, Dame Marjorie Davis was instrumental in improving and furthering many facets of Bahamian society, including in the fields of education, Girl Guides, the Zonta Club, the Legion of Saint Mary, the local Catholic faith and countless others.

Tavario Miller and Zane Knowles in playoffs

Two Bahamian senior men’s national basketball team players got their postseasons off to successful starts.

$28m collected in the first month of VAT

THE government has collected nearly $28m in value added tax since the January 1 implementation date, according to Minister of State for Finance Michael Halkitis.

Roadworks project to continue

THE government is not expected to stop or reverse current road works since the project is 90 per cent complete - but it is still under review according to the

Hotels looking to extend lay-offs

The Bahamian resort industry is awaiting the government’s formal response to concerns that hotels will be forced to pay full termination pay to staff when the mandatory 90-day period expires. Michael Reckley, executive vice president of the Bahamas

BPL: Near 90 renewable applications approved

JUST under 90 small scale renewable generation (SSRG) applications have been approved to-date, Bahamas Power and Light’s (BPL) chief executive said yesterday.Whitney Heastie added that the utility’s options outside New Providence were “wide open”, wh

Bahamians warned to prepare for scorching heat this week

BAHAMIANS can expect scorching temperatures from Wednesday through the weekend with the heat index expected to reach 104 degrees Fahrenheit, Senior Meteorological Officer at the Department of Meteorology Orson Nixon warned on Tuesday.

Top pro basketball players begin seasons on high note

SOME of the country’s top pro basketball players throughout the European, Asian and Middle Eastern circuit began their seasons on a high note.

Joaquin insurance loss stands at $14m

The Bahamian insurance industry is currently pegging gross losses caused by Hurricane Joaquin at $14 million, a sum equivalent to just 23 per cent of the initial $60 million damages estimate.

Government appoints parole/re-entry steering committee

THE government has appointed a Parole and Re-entry Steering Committee whose task will be to propose a policy framework for a parole system and interventions for the seamless reintegration of past offenders into Bahamian society.

The Tribune

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