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Arawak Port repayment causes $41m loan fall
The Arawak Port Development Company’s (APD) repayment of its $43 million Royal Bank of Canada (RBC) bridging loan resulted in total bank commercial loans declining by $40.6 million in August.
Miller: top hotel owes BEC $10m
BAHAMAS Electricity Corporation chairman Leslie Miller said one of the country’s hotels owes BEC as much as $10 million in unpaid light bills.
'Lacklustre' tourism in 3% room revenue fall-off
Tourism suffered a “lacklustre” performance in February with total room revenues off 2.8 per cent, the Central Bank of the Bahamas attributing part of the decline to weather-related cancellations.
Child abuse up by 22% in the Bahamas last year
REPORTED child abuse cases grew by an estimated 22 per cent in the Bahamas last year when compared to 2013, according to statistics released by Social Services Minister Melanie Griffin yesterday.
Man shot dead on way to his friend’s funeral
ONE of the two men killed in three separate shootings over the weekend was on his way to the funeral of a friend murdered in the Yellow Elder community, police said yesterday.
Goldwynn’s $100m eastern expansion
GoldWynn’s developer yesterday said it no longer plans to acquire additional Goodman’s Bay real estate to its immediate west and will instead move eastwards with its $100m second phase expansion this year.
‘Good time to be a seller’, says realtor
A Bahamian realtor yesterday said it is a “good time to be seller” as the demand for properties valued under $500,000 has generated numerous inquiries from prospective purchasers.
Getting a direct client response
MY son could recognise the Golden Arches of McDonald's from the time he was two.
Survey: It's neck-and-neck in Elizabeth
SUPPORT for both major political parties in Elizabeth is closely matched, according to a new survey, which puts candidates Dr Duane Sands and R
Nassau Cruise Port joins with the dignified girl project to donate feminine products to four groups
IN celebration of International Women’s Month, the Nassau Cruise Port partnered with the Dignified Girl project to donate 300 bags filled with essential feminine products to four organisations on Friday.
‘Buddy’ returns to the starting lineup
AFTER spending 24 games coming off the bench, Buddy Hield returned to the starting lineup for the Sacramento Kings.
ISLANDS TOLD: DRAW UP EVACUATION PLAN – Search for shelters goes on but families may have to leave
THE National Emergency Management Agency says evacuation plans should be considered this hurricane season for Central Abaco, Grand Bahama, Salina Point in Acklins and Spanish Wells in Eleuthera.
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.
Divisions over national honours
THE National Honours… Is it just a small storm or a gigantic Cat seven hurricane? In 2018 we have resurrected partisan division based on ethnic and political lines…We should be ashamed. Surely we are not so immature? It seems we are totally insensitive. Shame on PM Minnis.
$250m PI investment 'shakes off' lockdown
Sterling Global Financial’s $250m Hurricane Hole redevelopment is “shaking off” the COVID-19 lockdown with a construction restart that has brought 75 Bahamians back to work.The Paradise Island-based project has resumed with masks and social distancin
Davis questions BPL team after Alstron quits
THE sudden resignation of Bahamas Power & Light Chief Operations Officer Christina Alstron, pictured right, is raising fresh questions about the functioning of BPL’s executive team, Opposition Leader Philip “Brave” Davis said during a press conference yesterday.
Prospect Ridge an experiment
Considered by American historians as one of the final great legislative achievements of the civil rights movement, the Fair Housing Act of 1968 was signed into law by President Lyndon Baines Johnson on April 11 (1968), seven days after the assassination of Dr Martin Luther King, Jr.
Ragged Island set for renewable energy investment
CABINET has approved the investment in renewable energy for storm-ravaged Ragged Island, according to Minister of Public Works Desmond Bannister, who said on Friday repairs are underway.
Transportation of huge generators for BPL delayed by adverse weather
THE transportation of Wartsila tri-fuel generators and engines from the Arawak Cay Port to Bahamas Power & Light’s Clifton Pier site has been stalled because of weather issues, according to BPL board chairman Donovan Moxey.
Fulbright scholarship programme set to return
THE MINNIS administration signed a memorandum of understanding yesterday with the United States Embassy in Nassau to re-establish the Fulbright scholarship programme for Bahamian students.