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Policy reforms need for $200m IDB guarantee
The Bahamas must implement several policy reforms to develop its “blue economy” in return for obtaining a $200m guarantee that will underwrite the government’s planned $700m foreign currency bond.
Gov't unveils $250m BEC bond
The Government yesterday unveiled a planned $250 million bond to refinance the troubled Bahamas Electricity Corporation (BEC), saying it was “the first step to rehabilitate” its financial position.
Wins for Caribs and Stingers as regular season returns
AFTER an exciting All-Star weekend, the New Providence Basketball Association returned to its regular season action on Monday night at the AF Adderley Gymnasium as the College of the Bahamas Caribs and the PJ Stingers picked up victories.
Abaco Port workforce to be 70-80% Bahamian
CHINA Harbour Engineering Company (CHEC) executives estimate it has spent $1.6 million to-date on the North Abaco port facility’s construction, with Bahamians expected to make up 70-80 per cent of its workforce during peak activity.
Wynn targets April 2022 opening on $80m sales
The Wynn Group yesterday said it is targeting an April 2022 “soft opening” for its Goodman’s Bay condo hotel after generating $80m in residential unit sales.
CI Gibson Rattlers emerge as winners of Providence Basketball Tournament
The CI Gibson Rattlers, still riding a perfect season on the local scene although they are coming off two losses overseas, emerged as champions of their own Providence Basketball Tournament.
Chesapeake legal issue
I read with great interest the response of the Grand Bahama Port Authority (GBPA), to my appearance on the Love 97 programme Issues of The Day, hosted by Mr Wendall K Jones, on the 29th AD 2016.
Contractor chief: ‘I cut 80% of staff to survive’
The Bahamian Contractors Association’s (BCA) president yesterday told Tribune Business he was forced to lay-off 80 per cent of his own staff “just to survive”, as he called on the Government and private developers to bring “sweet relief” by kickstarting the housing market.
Cybots take game 1 of championship series
The MailBoat Cybots stunned the Commonwealth Bank Giants in game one of the New Providence Basketball Association's (NPBA) best-of-five championship series.
Jonquel Jones posts 4th double double of season in FIBA EuroLeague
JONQUEL Jones posted her fourth double double of the season in her return to FIBA Women’s EuroLeague play.
Govt raises deficit estimate to $100m
The Government yesterday forecast a more modest pace for fiscal consolidation, projecting a higher $100 million GFS deficit for the upcoming 2016-2017 Budget year compared to its estimates a year ago.
Mortgage approval rate drops to 43%
MORTGAGE loan approval rates have been slashed in half to 42.6 per cent in just two-and-a-half years, highlighting the commercial bank retreat from the vital Bahamian housing market.Data produced by the Central Bank of the Bahamas’ research departmen
Community service order for beating man at gas station
A 26-year-old man who assaulted another man at a local gas station was yesterday ordered to perform 80 hours of community service.
BTC celebrates small business in October
The Bahamas Telecommunications Company (BTC) is again celebrating October as Small Business Month in recognition of over 80 percent of its corporate client base.The company kicked-off its month-long series of events on Friday, September 28, during th
'Neighbourhood watch a great success'
WITH more than 80 neighbourhood watch groups in New Providence, the Royal Bahamas Police Force has witnessed much success in its fight against crime and restoring peace in communities, according to Senior Assistant Commissioner of Police Stephen Dean.
Resorts seek Memorial Day business boost
MAJOR resorts on New Providence are looking to capitalise on a “busy” US Memorial Day weekend, one resort manager telling Tribune Business yesterday that occupancy levels would be in the mid-80 per cent range.
Resorts 'solidly booked' for Easter
SEVERAL major Nassau-based hotels are anticipating high occupancies for the Easter period, one senior executive telling Tribune Business: “We are absolutely solidly booked”.
Gov't gets 'F' for VAT implementation
The Government is losing the public relations battle over Value-Added Tax (VAT) through its “cloak and dagger” tactics, a leading businessman warning yesterday he had to believe the Nassau Institute study’s conclusions in the absence of other evidence.
Bahamian firms urged to exploit US funding
SMALL business loans represented 87 per cent of the US Export-Import Bank's $33 billion credit portfolio last year, a senior US embassy official said yesterday, urging Bahamian companies to take advantage of its programmes to access additional capital for their enterprises.
'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”.
