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Fusion cash ‘nearly depleted’
FUSION Superflex’s cash reserves are “nearly depleted” after being closed since March with the entertainment centre’s CEO telling The Tribune the facility needs to reopen soon before the business suffers “permanent” damage.
Cat 5 hurricane surge threat to 83% of tourism
The Bahamas must "build back better" following Hurricane Dorian and COVID-19 to boost its competitiveness given that 83 percent of the tourism economy is exposed to Category Five storm surge.
Bahamasair 'exhausts' $19m annual subsidy
Bahamasair's chairman yesterday confirmed the airline "exhausted" its $19m taxpayer subsidy during the first four-five months of its financial year, but said: "At least we don't have zero cash flow now."
'Time is of the essence' in closing Andros hotel sale
The Hotel Corporation's chairman yesterday said "time is of the essence" in closing the sale of its last hotel property (Grand Lucayan excepted) to an Andros-based resort developer.
Governor warns on future tax increases
The Central Bank's governor has echoed warnings that Bahamians should brace for new and/or increased taxes as he dismissed suggestions the Government may soon default on its debt.
Boeing stocks take off as the 737 MAX returns
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On 29 October 2018 an aircraft flying for Indonesian carrier Lion Air, crashed into the Java sea only thirteen minutes after taking off from the Jakarta International Airport, killing all 189 passengers and crew members on board. Less than five months later, on 10 March 2019, Ethiopian Airlines flight 302 took off from Addis Ababa International with 157 people aboard. Six minutes later the plane crashed. There were no survivors. Both crashes involved brand new airplanes and happened within minutes of taking off. Also, the same aircraft model was involved: Boeing’s recently launched 737 MAX.
Junior tennis ace Jacobi Bain can’t wait to enrol at Xavier University
JACOBI Bain, one of the Bahamas’ top junior tennis players, has signed his official letters to attend Xavier University of Louisiana.
Bimini: 'Everything' tied to Resorts World return
Bimini businesses say “everything” concerning the island's economic fate is tied to the Resorts World (RWB) property's re-opening from December 26.
Investment deal's anatomy exposed
A south Abaco developer says "the numbers have changed quite materially" after documents emerged showing he and his family were investing just $10m, or less than 2 percent, of the required $718m.
SO MANY IN NEED: Food parcels giveaway swamped as desperate queue from dawn for aid
THOUSANDS travelled to the Thomas A Robinson Stadium to collect a box of food and supplies at Island Luck’s IL Cares food drive yesterday, blocking roads for miles in every direction in a bracing showcase of the scale of need in the country.
Is Bahamas becoming a dictatorship?
WITH the November 24 declaration of a third state of emergency by Governor General Sir Cornelius Smith, Prime Minister Dr Hubert Minnis now has constitutional authority to impose additional restrictive measures for another six months.
St Fort signs with 3rd team this season in Japan B-League
MARK St Fort is on the move once again in the Japanese B-League and signed with his third team this season.
‘Mr Consistent’ Maycock a national golf champion
As consistent as he was from day one, Greg Maycock maintained his lead and held on to win the Bahamas Professional Golfers Association’s Leroy ‘Roy’ Bowe Founder BPGA 2020 National Championship title.
IMF calls for harsher Bahamian austerity
The International Monetary Fund (IMF) yesterday warned that the Government must impose harsher austerity measures on the Bahamian people to hit its 50 percent debt-to-GDP target by 2030.
Oil explorer: Just 20% of opponents from the Bahamas
The oil exploration battle further heated up last night after Bahamas Petroleum Company (BPC) sought to discredit an activist petition by asserting just 20 percent of signatories were local.
When will we get vaccine?
AS the United Kingdom became the world’s first country to authorise use of a COVID-19 vaccine, Minister of Health Renward Wells said the government is still determining which brand it will secure.
Call for Caribbean to adopt HIV self-testing
ON the occasion of World AIDS Day, Caribbean AIDS response stakeholders are calling for countries in the region to adopt HIV self-testing.
'Deer in headlights' on $1.5bn debt increase
Fiscal watchdogs yesterday warned The Bahamas' debt-to-GDP ratio must "be upwards of 90 percent" after Central Bank data revealed the Government's direct debt rose by $1.5bn in just 12 months.
Oil explorer blasts activists over last ditch legal threats
Bahamas Petroleum Company (BPC) last night blasted oil exploration opponents for "significantly exaggerated" claims and waiting more than a decade to make a last-minute attempt to halt its plans.
Maycock leads the pack
With two consistent rounds of two-over-par 74s, veteran Greg Maycock holds a slim four-stroke lead over his nearest rival Keathen Stuart after the first two days of competition in the Bahamas Professional Golf Association (BPGA) 2020 National Championships.
