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Commonwealth Bank Giants stay alive
THE Commonwealth Bank Giants, the best team in the regular season, refused to exit the New Providence Basketball Association men’s best-of-seven championship series without putting up a fight.
Nassau/PI resort room revenues decline 7.4%
The Bahamian economy remained “relatively flat” in September, the Central Bank of the Bahamas revealing yesterday that Nassau/Paradise Island hotel room revenues were down 7.4 per cent year-to-date for the first nine months of 2013.
BEC: Its 35% 'too high' heat rate costs millions
The Bahamas Electricity Corporation (BEC) could generate multi-million dollar savings for its long-suffering customers by simply bringing its fuel burning efficiency in to line with the global industry average, it was revealed yesterday.
'Peace on da Street' Basketball Classic all set forJuly 16-20
YOUTH Against Violence is getting ready to hold its 23rd annual Peace on da Street Basketball Classic July 16-20 at the Hope Centre with five competitive divisions to be contested.Director Dr Carlos Reid is encouraging teams that haven’t done so to r
Gov’t ‘betting on ability’ to prove the IMF wrong
The Government is “betting on our ability” to hit its fiscal targets, a Cabinet minister asserted yesterday, predicting that the Opposition and other critics will “be wrong again”.
Financial services can give itself ‘pat on back’
FINANCIAL institutions should give themselves “a pat on the back” for slashing the time taken to “cure” regulatory deficiencies to just 11 months, the Central Bank’s top inspector said yesterday.
PI resorts eye 90% Xmas occupancies
Major Paradise Island resorts are eyeing 90 percent occupancy levels for the Christmas and New Year holiday, an industry executive said yesterday, with the sector closely watching March softness. Carlton Russell, pictured , the Bahamas Hotel and Tou
URCA boosts BTC with promotion 'cool-off' slash
Regulators have reduced the time span between when communications providers can launch ‘similar promotions’ from 120 to 90 days, after the Bahamas Telecommunications Company (BTC) complained existing restrictions were harming consumer welfare and its ability to fight competitors.
Shipping industry 'gone through hell'
Shipping industry 'gone through hell' By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE past three years have been "hell" for the shipping industry, to Arawak Port Development (APD) chief executive Mike Maura Jr said yesterday
Shipping industry 'gone through hell'
Shipping industry 'gone through hell' By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE past three years have been "hell" for the shipping industry, to Arawak Port Development (APD) chief executive Mike Maura Jr said yesterday
Shipping industry 'gone through hell'
Shipping industry 'gone through hell' By NATARIO MCKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE past three years have been "hell" for the shipping industry, to Arawak Port Development (APD) chief executive Mike Maura Jr said yesterday
Auto dealers in 'uphill battle' over duty rates
FREEPORT-based auto dealers are hoping that write-ups from the recent Auto Show translate into more sales, one describing the industry’s current duty rates/structure on vehicle imports as an “uphill battle”.
Govt says: We’ve accepted 80-90% of non-profit needs
The Government believes it has “accommodated 80-90 percent” of non-profit concerns over plans to regulate the sector, although it remains on a collision course with the church.
Starting at PG, Nesbitt cans 18 for Rebels in 78-68 loss to Gators
VALERIE Nesbitt, now in the starting line-up at point guard, came through with a big individual game, but it came on the losing end as the University of Mississippi Lady Rebels women’s basketball team fell to the University of Florida Gators 78-68.
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.
Teams jostling for final playoff spots in NPBA
WITH the season starting to wind down over the next two weeks, teams are jostling for the final playoff spots in the New Providence Basketball Association men’s division.
COVID-19 figures pass 5,000 over the weekend
OFFICIAL COVID-19 figures surged to 5,163 over the holiday weekend, with New Providence leading the way with some 3,937 cases.
Gov’t ‘playing with fire’ over $200m spend rise
The Government was yesterday warned it is “playing with fire” through the $200 million year-over-year increase in recurrent spending, with a businessman suggesting this threatens to squander the ‘benefits’ from Value-Added Tax (VAT).
D'Aguilar blasts Hanna Martin for her defence of 2017 Western Air rental agreement
TOURISM and Aviation Minister Dionisio D’Aguilar yesterday blasted Englerston MP Glenys Hanna Martin for her defence of rental agreement she signed with Western Air back in 2017, accusing his predecessor of trying to shirk “a very bad deal”.
Island Luck sees 90% money transfer drop
ISLAND Luck yesterday said it has seen a 90 per cent reduction in money transmission activity across its system, as it bids to position itself in the “vanguard” on ‘Know your Customer’ (KYC) requirements.Neil Major, Island Luck’s chief compliance off
