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$112m spent with 'no due process'
$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t
Baha Mar’s foreign creditors to get ‘3-4 cents on dollar’ offer
Baha Mar’s remaining foreign creditors will likely receive an offer this week to pay them “three-four cents on the dollar”, the claims committee’s chairman revealed yesterday.
Freeport airlift problems 'can't hold us over barrel'
A Grand Lucayan board member yesterday called for The Bahamas to create its own airlift for Freeport, adding: “We can’t let anybody hold us over a barrel.”Carey Leonard, pictured, the former Grand Bahama Port Authority (GBPA) in-house attorney, told
Tourism targets 45,000 visitor reopening peak
A Cabinet minister yesterday predicted stopover visitor arrivals will hit a 45,000 post-COVID re-opening peak for March - albeit they remain up to 90 percent down on pre-pandemic levels.
WORLD VIEW: Kenya’s President wants ‘steadfast leadership’ by Commonwealth Secretariat
IT is good to see the President of Kenya, Uhuru Kenyatta, has nominated his Cabinet Secretary for Defence, Monica Juma, for the post of Commonwealth Secretary-General.
Concerns over oil spill at facility
ENVIRONMENT groups are concerned about the impact an oil spill at Equinor’s facility on Grand Bahama caused by Hurricane Dorian may have on wildlife, ground water and marine protected areas.
Loan delinquencies up $92m as tourism arrivals totally dry-up
Mortgage and consumer loan delinquencies soared by $91.8m in two months as tourist arrivals to The Bahamas dropped 98.4 percent year-over-year for October, the Central Bank has revealed.
Dance to the Zumba beatInstructors host big fitness party
Created by Colombian dancer and choreographer Alberto Perez in the mid-90s, Zumba is a Latin-American fitness craze that has taken the world by storm.Here in the Bahamas, its popularity soared in the 2000s, with fitness instructors putting their
'Huge step' for oil exploration 'game changer'
An oil exploration “game changer” for the Bahamas took “a huge step forward” yesterday with the signing of a three-month exclusivity deal on a drilling joint venture.Simon Potter, the Bahamas Petroleum Company’s (BPC) chief executive, told Tribune Bu
BTC breaches 'no trivial' issue
REGULATORS have fined the Bahamas Telecommunications Company (BTC) almost $31,000 for violating pricing and consumer protection rules, rejecting its claim that the breaches were “trivial”.The Utilities Regulation and Competition Authority (URCA), in
Financial industry hails ‘certainty’ on tax residency
Financial services executives yesterday hailed the government’s plans to codify its tax residency initiative via legislation as providing “certainty and transparency” for both investors and global regulators.
Jitney drivers cut back on services and warn a full strike could be next
JITNEY drivers withdrew their services yesterday after government officials failed to meet with the Bahamas Unified Bus Drivers Union before their July 1 deadline.Frederick Farrington, BUBDU president, told The Tribune their demonstration yesterday w
$95m overhaul promises to be end of BPL generation woe
THE acquisition and installation of seven new Wärtsilä tri-fuel generation engines by Bahamas Power & Light was yesterday pitched as the “end” to the utility provider’s longstanding electricity generation woes.
Realtor appeals sentence for defrauding clients
APPELLATE judges are considering whether to accept a former realtor’s assertions that her six-year sentence for swindling 21 people out of over $144,000 in 2008 as part of a property scam should be cut in half.
Realtor prison sentence reduced by two years
THE Court of Appeal has shaved two years off of a former realtor’s prison sentence for swindling 21 people out of over $144,000 between 2007 and 2008 as part of a property scam.
One last summer of BPL’s torment: Then cheaper bills and power that stays on
WHEN Finnish group Wärtsilä completes installation of a new electricity plant at Clifton Pier, Bahamas Power and Light Company Ltd would have ended the expensive practice of rental generators and “drastically” decreased the fuel surcharge on consumer’s monthly bills.
NPSA All-Stars in Classic
Some of the future players, led by versatile Valencia Gibson and Jeffery Gibson, took the spotlight on Saturday night as the New Providence Softball Association hosted its All-Star Classic.And in a show of appreciation to their performances in the pa
Power back on in more than half of homes
BAHAMAS Power and Light Ltd (BPL) has restored electricity to just over 50 per cent of its customers in New Providence and has “substantially completed restoration” in the Family Islands, however officials said last night that given the level of damage from Hurricane Matthew they are unable to give an exact date for full restoration.
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.
Bank confusion over Gov’t $10m Mortgage funds
The Government has yet to inform Bahamian commercial banks how they can access its $10 million contribution to the Mortgage Relief Plan, with other institutions joining Scotiabank (Bahamas) in confirming they have no to few distressed borrowers qualifying.
