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Exchange rate was 'never in jeopardy'

The Bahamas’ $838 million foreign currency reserves “are in line” with both their internationally-recognised adequacy benchmarks, the Central Bank of the Bahamas governor yesterday saying the one:one US dollar peg was “never in jeopardy” over the past decade.

$42.5m Gov’t bond issue ‘50-60% oversubscribed’

The Government’s latest $42.5 million bond offering was expected to “at least 50-60 per cent oversubscribed”, its lead arranger told Tribune Business yesterday afternoon, just hours before its close.

INSIGHT: Fishermen renew pleas to protect our marine resources from poachers

I congratulate our fine men and women of the Royal Bahamas Defence Force (RBDF) for the capture of yet another Dominican poaching vessel.

Grey Goose founder's son denies February Point bid

The son of the Grey Goose Vodka brand’s founder has denied to Tribune Business that he is leading an investor group seeking to purchase Exuma’s 80-acre February Point development, while acknowledging homeowner concern over the Hart family’s exit plans.

Brewery boosts efficiency 45%

The Bahamian Brewery and Beverage Company’s founder yesterday said the company had improved its efficiency “at least 45 per cent” since it was created five years ago, envisioning its further expansion to a 175-strong workforce.

Vaccination move is shot in the arm

TOURISM Minister Dionisio D’Aguilar said he thinks allowing fully vaccinated travellers to The Bahamas without a negative COVID-19 RT-PCR test will make the country a more attractive destination for visitors.

PM told: ‘Treat $2bn insurers with respect’

Bahamian insurers yesterday urged the prime minister to “treat the industry with the respect it deserves” over its $2bn Dorian-related payout after he suggested it was “holding back” recovery efforts.

Bahamas ‘prioritises’ debt servicing over its people

The Bahamas has reached a point where the Government is prioritising interest payments on its $11.645bn national over services to its people, an investment analyst argued yesterday.

Culmer denounces political ads targeting Davis

FREE National Movement chairman Carl Culmer Sr has denounced political ads being shared on social media that paint Progressive Liberal Party leader Philip “Brave” Davis “in a less than favourable light.”

BPL to raise $100m in fiscal 2017-2018

Bahamas Power & Light (BPL) plans to raise $100 million in new debt financing during the 2017-2018 fiscal year, it was revealed yesterday, and is working on a new tariff structure and customer debt forgiveness.

NP real estate sales value off 45 per cent during Q3

The total value of New Providence real estate sales on the Bahamas Multiple Listing System (BMLS) dropped 45 per cent quarter-over-quarter in the three months to end-September, the industry yesterday unveiling its initiative to boost “market transparency” and real time data access.

Gov't eyes $138m spending slash

The Government is moving to cut recurrent spending projections by 5.6 per cent for the current fiscal year to compensate for a $120 million drop in revenues, with a Wall Street analyst yesterday saying execution would be “key” if it was to hit is deficit/debt reduction targets.

Oil explorer to boost Freeport's 'little gem'

The Bahamas Petroleum Company (BPC) is planning to use Grand Bahama’s industrial and logistics abilities to support its oil exploration activities, its chief executive describing the island as an “under-utilised little gem”.

Sky get 101-95 double OT win over the Sun

UNCASVILLE, Conn. (AP) — Courtney Vandersloot had the second triple-double in WNBA playoff history with 12 points, a league playoff-record 18 assists and 10 rebounds to help the Chicago Sky beat the Connecticut Sun 101-95 in two overtimes last night in the opener of their best-of-five semifinal series.

NPBA: Giants vs Rockets, Bucket vs High Flyers in Championships

BOTH championship matchups in the New Providence Basketball Association are all set and the quest for the 2018 title is down to its final series.The Commonwealth Bank Giants and Aliv Bucket Team advanced with wins on Wednesday night to conclude the s

Chris Brown Bahamas Invitational returning for 2nd edition

IT’S official. The Chris Brown Bahamas Invitational is returning for a second edition and it promises to be much better than the initial one in 2013 as the majority of athletes will be using the event as a springboard for the 2016 Olympic Games in Rio de Janeiro, Brazil.

Hilton to be Nassau boardwalk ‘catalyst’

Prime Minister Perry Christie yesterday said the Government and Bay Street property owners are “ready and willing” to move forward with plans for a boardwalk along Nassau’s harbourfront, describing the British Colonial Hilton’s expansion as the “catalyst” for the project.

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