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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.

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.

Gov’ts signals ‘go close your doors’ on Bahamasair

A Cabinet Minister was yesterday said to have sent a “go close your doors” message to private Bahamian airlines by reaffirming unlimited government support for Bahamasair.

Baha Mar hotel's rates are 'not good enough'

The Nassau Wyndham Resort’s “mid-$90s” room rates are “not good enough” and between 23-30 per cent below where they need to be, a Baha Mar executive yesterday conceding that the guest experience was being impacted by construction work on the $2.6 billion Cable Beach expansion.

Bahamas First: Top rating more vital ‘than ever’

Bahamas First said yesterday’s affirmation of its “excellent” financial strength by the top insurance rating agency was likely the most important ranking in its recent history, due to its $80 million Hurricane Matthew payout.

Union leader predicts Morton Salt re-hiring

A UNION leader yesterday predicted said Morton Salt might have to rehire some of the 24 workers it terminated last month on the basis that the salt harvester is now too “short staffed”.

Collapsed entity’s $5m holding in BISX firm

Questions were last night being raised over the future viability of a BISX-listed company, after court documents disclosed that an entity accused of perpetrating a major multinational fraud held all its $5 million preference share capital.

Employer redundancy cap fears 'overblown'

Employer concerns over an increase in redundancy pay were yesterday branded as “overblown”, a senior trade union leader suggesting the current ‘cap’ should be doubled.Obie Ferguson, the Trades Union Congress (TUC) president, told Tribune Business tha

Stranger danger

A short while back, a Supreme Court jury acquitted a grown man of having sex with a 15-year-old boy. The not guilty vote was a vote of six to three.

Fishers Alliance makes conch protect proposals

A BAN on conch exports could stem the Bahamas’ conch population decline, the Commercial Fishers Alliance’s (BCFA) president yesterday disputing the reported 80 per cent fall. Adrian LaRoda told Tribune Business that such a ban was one of several prop

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.

Gas retailers: ‘Never been so desperate’ due to OPEC slash

Bahamian petroleum retailers yesterday said “it’s never been so desperate” with a surprise production cut by the major oil producing countries making their need for a margin increase even more urgent.

96 killed in 2019 as murder count increases by five percent

THE country’s murder count in 2019 was pushed to 96, according to The Tribune’s records, a 5.5 percent increase over 2018’s 91 killings.

Average 34-minute wait time for ambulances

NINETY per cent of ambulance delays in New Providence in 2012-2013 were due to “a lack of availability of a unit”, a report prepared by the government’s international consultants Sanigest Internacional found.

UCF wins Bahamas Championship

THE Central Florida Knights began 10 days of NCAA Division I basketball at the Baha Mar Convention Centre by winning the “Bahamas Championship” tournament title. The Knights defeated the Santa Clara Broncos 57-50 last night in the finale.

Red Cross seeks volunteers

THE Bahamas Red Cross Society is looking to increase its volunteer intake across the country to assist in its work to provide relief and assistance to those in need and during times of disaster.

Lashann scores 31, earns MVP award, Jonquel on court

LASHANN Higgs earned another weekly MVP award for Pajariel Bembibre in Spain’s Liga Femenina Endesa while Jonquel Jones and UMMC Ekaterinburg returned to Russian Premier League play.

Fredrick King Jr commits to cards

IT took just several months for Fredrick King Jr to go from relative unknown to elite Division I prospect for the class of 2022.

Darville: Drop in cases may be result of low testing

HEALTH Minister Dr Michael Darville urged Bahamians not to become overly optimistic about the slight drop in recent COVID-19 infections, saying the declining numbers could be a result of low virus testing.

Munroe, Isaacs Jr latest call-ups for spring training

WITH the latest call-ups, a total of seven Bahamian minor league prospects have now participated in spring training with their respective Major League Baseball organisations.

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