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HSBC departure 'not jurisdiction driven'
HSBC's departure from this nation is 'not jurisdiction driven at all', although 12 Bahamian jobs will be lost through the global banking giant's decision to exit a 'non-core' business by 2014.
Teachers left in limbo with no schools
DESPITE the fact that a significant number of new teachers are still awaiting confirmation, three days into the new school year the ongoing teacher shortage continues to be an issue affecting classrooms nationwide, Bahamas Union of Teachers President Belinda Wilson said yesterday.
‘Don’t waste billions’ on Andros as capital
A Freeport-based QC yesterday urged the government to “pull the trigger” on making his city The Bahamas’ future capital rather than waste “billions and billions” on moving it to Andros.
Oil explorer shrugs off end to ‘exclusive’ talks
A Bahamas-based oil explorer yesterday said it was now locked in joint venture talks with “multiple parties” after a “major global oil company” ended their exclusive negotiations.
Insurance faces 'significant strain' if rates cut again
The Bahamian insurance industry will be placed under “significant strain” if there is a further cut in the Prime interest rate, with one underwriter also said to require “recapitalisation”.
PwC: Governance failures will cost companies dearly
Companies could lose key staff, customers and investments if they fail to live up to environmental, social and governance (ESG) expectations, a Bahamian accountant said yesterday.
Jones and Sun in WNBA Finals
Jonquel scores 15, grabs 10 rebounds as Sun rally in 4th to beat Sky 72-63
Powered by a furious quarter rally, Jonquel Jones and the Connecticut Sun won a series finale on the road and are headed to the WNBA Finals.
NBA Playoffs: ‘DA is playing unbelievably well’
DEANDRE Ayton’s offensive production slowed for the first time this postseason, but his Phoenix Suns had their most lopsided win en route to taking a 3-2 lead over the Los Angeles Lakers in the NBA postseason.
‘Family Islands lockdown could last four more weeks’
DEPUTY Chief Medical Officer Dr Delon Brennen said it could take another four weeks before the lockdown can end on Family Islands that have not yet recorded a confirmed case of COVID-19.
Concerns that hotel tax breaks unduly exploited
A BAHAMIAN businessman has voiced concerns that foreign investors are unduly exploiting Hotels Encouragement Act incentives to obtain tax breaks on construction materials for large vacation rental properties.
Resorts set for ‘over 90%’ Thanksgiving occupancies
Major Bahamian resorts are set to enjoy occupancies “in excess of 90 percent” over the Thanksgiving holiday, a top hotelier disclosed yesterday, adding: “We’re not looking back.”
Wells and Rose finish in tie with Jamaica for trophy
A FIFTH overall finish for Team Bahamas was highlighted by an historic performance from the senior members of the team which ended a drought that lasted more than two decades.
Fredrick King has career night for Blue Jays
FREDRICK King had his second NCAA start and produced a career night for the Creighton Blue Jays.
Jones and Sun topple Lynx in final game for Sylvia Fowles
JONQUEL Jones and the Connecticut Sun concluded the WNBA regular season with wins in nine of their last 11 games and head into the playoffs as a legitimate title contender.
YESI partners with Gambier Primary to kick off soccer programme
Youth Empowerment through Sports International (YESI) has embarked on a new initiative with a local primary school, as it continues its mandate of using the game of soccer to impact the community at large.
Sports in brief
THE New Providence Volleyball Association’s best-of-three playoffs got started at the DW Davis Gymnasium Wednesday night.
VAT not mandatory for 15,000 firms
More than 80 per cent of Bahamian companies, numbering more than 15,000, will not be mandated to pay Value Added Tax (VAT), with financial services and health/education among the industries exempt from paying it.
Low cost carrier adds 55,00 seats
A ‘low cost’ US airline will bring almost 55,000 seats into the Nassau market annually once it launches service by July 1, its officers yesterday describing this nation as “the jewel in the Caribbean”.
Baha Mar wants contractor out
Resort wants local workers to finish building
DESPITE the government’s return to Beijing, Baha Mar developer Sarkis Izmirlian is seeking to strike a deal with its Chinese lender to cut the resort’s general contractor, China Construction America, out of negotiations and use Bahamian contractors to complete the project, according to a letter sent to Export-Import Bank of China obtained by The Tribune.
EDITORIAL: The hurricane of the COVID pandemic has hit us
Wow, this is brutal.
