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Tourism targets 45,000 visitor reopening peak

A Cabinet minister yesterday predicted stopover visitor arrivals will hit a 45,000 post-COVID re-opening peak for March - albeit they remain up to 90 percent down on pre-pandemic levels.

Barracudas champions of Atlantic Medical Invitational

EVEN though they got some welcomed competition from the visiting Surf Side Ocean Academy Aquatic from the Turks and Caicos Islands, the Barracuda Swim Club still emerged as the champions of their Atlantic Medical Invitational.

Arbitration unnecesary over Baha Mar dispute

A well-known QC says there is no need for a formal arbitration process to resolve the $3.5 billion Baha Mar dispute, arguing that the court-appointed joint provisional liquidators (JPLs) were fully capable of mediating and “sponsoring a resolution”.

Munroe slams E&Y’s presence in court

The Government dropped Ernst & Young as its provisional Baha Mar liquidators due to concerns that it had done work for the developer and was also a creditor.

Antoan Richardson makes the Texas Rangers’ top 40

IT WAS a definite step in the right direction for Antoan Richardson as he attempts to stake his claim with the Texas Rangers organisation.

Shake off 'self-imposed investment xenophobia'

By NATARIO McKENZIE

Brewery shrugs off $10m storm costs

Commonwealth Brewery shrugged off more than $10 million in Hurricane Matthew-related damage and business interruption costs to post a 45 per cent year-over-year profits increase for 2016.The vertically-integrated, BISX-listed brewer foreshadowed an i

Atlantis to add 192 jobs 'within a week'

Atlantis is adding 192 new jobs “within a week” through the opening of Olives Restaurant and expanded high-end casino lounge, its top executive yesterday disclosing the resort was eyeing July-August occupancies in the mid-high 80 per cent range.

Sebastian Gray: 'I am one of the leaders of the team'

ENTERING his sophomore season at the JuCo level, Sebastian Gray is expected to take on a greater leadership role with his Northern Oklahoma-Enid Jets men’s basketball programme.Gray is one of just five sophomores and is the second leading scorer of a

‘Shoulder’ hotel occupancies 5-10% pts higher than norm

Bahamian hotels are eyeing occupancies between five to ten percentage points higher than the norm for the industry’s slowest months, it was revealed yesterday, as it “nudges closer every day” to pre-COVID levels.

Bahamas broker: 50% of client assets in jeopardy

ALMOST 50 per cent of client assets at Owen Bethel's Nassau-based Montaque Capital Partners, which is reportedly insolvent with a $9.367 million net asset deficiency, are in jeopardy due to a Canadian institution's claim against them, Tribune Business can reveal.

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.

Minnis pledges govt of fiscal responsibility

FREE National Movement Leader Dr Hubert Minnis yesterday pledged to create a “new Bahamas” if elected prime minister in 2017 by being “fiscally responsible, intolerant of corruption, and transparent” in the execution of his duties.

Job advice for young Bahamians at COB event

SCORES of young Bahamians were given job advice yesterday by panellists at the College of The Bahamas’ Career Symposium.

Downtown chief pledges area’s ‘transformation’

The Downtown Nassau Partnership’s (DNP) managing director yesterday pledged that Bahamians and tourists will witness “a major transformation” of the area “within the next two to three years”.

Real Property tax reforms can ‘double’ revenues to $200m

The Government has been advised that it could double real property tax collections to almost $200 million per year through better enforcement and ensuring all eligible properties are on the roll, a Cabinet minister has disclosed.

PI residents face losing condo over alleged $22m fraud

Two Paradise Island residents accused of committing a $22 million fraud may lose their multi-million dollar Ocean Club condominium home after the Court of Appeal ruled in favour of the receiver for their alleged scheme.

Loan delinquencies up $92m as tourism arrivals totally dry-up

Mortgage and consumer loan delinquencies soared by $91.8m in two months as tourist arrivals to The Bahamas dropped 98.4 percent year-over-year for October, the Central Bank has revealed.

Thou shalt love thy Chinese neighbour as thyself

I would like to commend the Chinese Community Association of The Bahamas for the generous food donations to the Red Cross, which will undoubtedly go a long way toward feeding many hungry Bahamian families in Nassau.

Insurers: Dorian losses increase to $1.5bn-$2bn

Estimates for Hurricane Dorian’s total insured losses were yesterday said to have increased to between $1.5bn to $2bn as the entire Bahamian industry was removed from international “review”. Anton Saunders, RoyalStar Assurance’s managing director, t

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