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Bahamas leads region for lift per hotel room

The Bahamas has the greatest airlift per available hotel rooms in the Caribbean, an International Monetary Fund (IMF) working paper has found, although flights to this nation from the US have fallen “by almost 50 per cent” since 2000.

PM cuts 2016 GDP growth to just 0.5%

Prime Minister Perry Christie yesterday slashed a full percentage point off the Bahamas’ projected economic growth for 2016, cutting real GDP expansion estimates to just 0.5 per cent.

Bahamians pay price of ‘double BPL whammy’

Bahamian businesses and households are paying the price of “a double whammy” caused by the recent fires at Bahamas Power & Light’s (BPL) Clifton Pier plant, it was revealed yesterday.

Bahamas split games in FIBA World Cup qualifying

Team Bahamas split the pair of games in the second window of FIBA Americas World Cup 2023 qualifiers.

NHI’s $130m price tag ‘just govt's exposure’

The Minister of Health has confirmed that the much-touted $100m-$130m price tag for National Health Insurance (NHI) only covers “the government’s exposure” to the scheme.

Insurer's flood claims equal 30% of profits

A Bahamian insurer believes its net loss from last month’s flooding in New Providence will equal 30 per cent of its projected 2013 profits, and be greater than that incurred from Hurricane Sandy.

Central Bank: Growth ‘very mild’ for 2016

The Central Bank of the Bahamas agrees with international agencies that the Bahamian economy “will continue to grow at a very mild pace in 2016”.

Ayton and Suns eliminated

PHOENIX (AP) — Luka Doncic scored 35 points, Spencer Dinwiddie added 30 and the Dallas Mavericks stunned the top-seeded Phoenix Suns with a 123-90 Game 7 blowout last night, advancing to the Western Conference finals for the first time since 2011.

$2m safety margin for City Markets pension fund

THE value of the City Markets' staff pension fund's main asset "supersedes" what is owed to plan beneficiaries by some $2 million, one of its trustees saying yesterday that he hoped to conclude a deal for its sale "within the next week".

Banks suffer 37% profitability decline

Bahamian commercial banks saw total private sector loan arrears increase by $76m during the 2020 fourth quarter as the sector’s collective profitability shrunk by 37 percent year-over-year.

Concerns raised over Cuban immigration

FOREIGN Affairs Minister Fred Mitchell yesterday said the government was concerned with the potential impact changes to the Cuban exit visa policy could have on illegal migration, which he termed as the “most vexing issue” for Bahamians.

Call for union chiefs to resign 'for failing hotel workers'

There has been a call for executives of the Bahamas Hotel Catering and Allied Workers Union to resign for failing to present to the Bahamas Hotel Employers Association a proposal in time for a new industrial agreement.

‘I cannot go further with people’s funds’ on Grand Lucayan

A Cabinet minister yesterday said the $5.5m payout demanded by Grand Lucayan managers was based on “faulty analysis”, and blasted: “I can go no further with the people’s money.”

From start-up to 'A1 rated'

A Bahamian microfinance lender is aiming to progress his entrepreneur/start-up clients through the developmental stages necessary to transform them into “A1 rated companies”, creating loan products for small and medium-sized enterprises (SMEs).

$80m Baha Mar funds may have been ‘killed’

The $80 million financing facility created by Sarkis Izmirlian to cover Baha Mar’s Chapter 11 operating expenses may have effectively been ‘killed at birth’ by the outcome of yesterday’s Supreme Court hearing, Tribune Business can reveal.

Bahamas 5th at FIBA Centrobasket Championship for women

WITH a pair of wins against Costa Rica, the Bahamas finished fifth at the 2018 FIBA Centrobasket Championship for women and missed qualification for the FIBA Women’s AmeriCup 2019.

Fishermen hail 45% increase in crawfish prices

Bahamian fishermen yesterday hailed this season’s 45 percent increase in crawfish prices to $16 per pound as “the best we have ever had” since they started in the industry. Keith Carroll, the Bahamas Commercial Fishers Alliance’s (BCFA) vice-chairman

Co-ordinate for up to 3,500 COVID-19 masks every week

Seamstresses and tailors yesterday said they can produce between 1,000 and 3,500 COVID-19 face masks per week with better government co-ordination.Phylicia Ellis, a fashion designer and seamstress, told Tribune Business: “I listened to the prime mini

'We shouldn't have hired US team to fix power issues'

A FORMER Bahamas Electricity Corporation chairman yesterday slammed the government’s decision to hire a six-man team of American specialists to address the power generation issues at Bahamas Power and Light. Leslie Miller, a former MP and Cabinet min

CIBC enjoys ‘best result’ for 11 years

CIBC FirstCaribbean’s Bahamian unit enjoyed its “best performance for 11 years” after 2018 profits rose nearly 11 percent due to improved loan book performance and rising US rates.

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