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Grand Lucayan line staff receive severance deals
GRAND Lucayan line staff have received their voluntary separation packages, inclusive of severance, gratuity, and back pay, according to its representative union.
Gov't to 'unleash' $200m Water Corp investments
An MP yesterday said the Davis administration is poised to "unleash" the most ambitious capital investment initiative ever by the Water & Sewerage Corporation with $200m earmarked for 80 projects over a five-year period.
Customs delays Nassau port roll-out to October 1
The implementation of Customs’ electronic single window (ESW) for 80 percent of goods entering this country has been delayed by one month to October 1, it was announced yesterday.The Ministry of Finance said the roll-out of the fully electronic proce
Minister’s ‘rising frustration’ over vaccination hesitancy
A Cabinet minister says daily reports on the growing COVID-19 surge are making him “ever-more frustrated” with the “hesitancy” of many Bahamians to become vaccinated and aid economic revival.
IMF slashes Bahamas 2015 growth to 1.2%
The International Monetary Fund (IMF) yesterday slashed the Bahamas’ 2015 economic growth forecast to just 1.2 per cent, further “widening the gap” with the 7 per cent rate it says is needed to slash this nation’s near-14 per cent unemployment rate in half.
Trade Policy ‘won’t be Nassau centric’
The Bahamas Trade Commission’s chairman has pledged that the country’s national trade policy will not be “Nassau centric” as it seeks to complete consultation on the initiative by month’s end.
Ayton leads Suns with 18 in loss to Clippers
LOS ANGELES (AP) — Paul George scored 27 points and the Los Angeles Clippers pulled away in a dominant third quarter, beating newly returned Chris Paul and the Phoenix Suns 106-92 last night in Game 3 of the Western Conference finals.
Cybots knock off Rebels 84-73, Rockets rout Stingers 87-74
THE Mail Boat Cybots and Pyramid Food Rockets pulled off victories in the New Providence Basketball Association’s double header at the AF Adderley Gymnasium on Saturday night.
Banks’ ‘aggressive lending’ helped fuel $1bn in bad loans
“Aggressive lending practices” by Bahamian commercial banks pre-recession has been cited by Moody’s as one factor behind “chronically high” non-performing loans totalling $1.028 billion at end-July 2014.
Louis Bacon wins conservation award
DECLARING that his “bold actions were inspiring others to protect and steward their lands,” the Land Trust Alliance (LTA) this month presented one of its highest and rarest honours to philanthropic conservationist Louis Bacon.
Migration down overall - but rise in those headed to the US
ROYAL Bahamas Defence Force (RBDF) Commodore Raymond King said the northern Bahamas has seen a 90 per cent increase in migration to the United States.
Loan arrears fall $125m in 2019 to decade-low
Total loan arrears fell by $123.5m or 15 percent during 2019 to hit their lowest level for a decade at year-end, a Central Bank of The Bahamas presentation has revealed.The monetary policy regulator, unveiling the status of credit quality within the
Turnquest disappointed by Scotiabank move
DEPUTY Prime Minister Peter Turnquest is disappointed by Scotiabank’s decision to close branches at several islands and says the move would bring “hardship” for residents.
SKY'S THE LIMIT FOR $270K ROUTE INVESTMENT
By NEIL HARTNELL Tribune Business Editor Sky Bahamas expects to start seeing a return on its $270,000 investment in building its Marsh Harbour-West Palm Beach route in three months' time, telling Tribune Business it cost Bahamian-owned airlines twice as
Falcons eat up Cudas, 71-45
No Grand Bahama teams, no problem. The 28th Hugh Campbell Basketball Classic for senior boys is still going on at the AF Adderley Gymnasium.
Cable: 'We've satisfied all of our obligations'
Cable Bahamas has met all the obligations mandated by the Bahamian governnment, a senior executive telling Tribune Business the BISX-listed communications provider injected $50 million back into the economy annually.
'All Clear' as Erika degenerates, but Bahamas could still see heavy rain
RESIDENTS are advised to remain on alert despite early indications that Tropical Storm Erika may not make direct landfall in the Bahamas.
Deposit insurer facing upgrade
The Central Bank has moved to review the “legislative framework” for the Deposit Insurance Corporation, which saw its assets increase by $4.5 million to end 2013 at $32.1 million.
Water and Sewerage Corp deficit grows to $147 million
AUDITS show that the Water and Sewerage Corporation continues to function with significant operating losses, recently accumulating a deficit of $147 million, according to the latest reports tabled in the House of Assembly yesterday.
PM reveals details on housing scheme
PRIME Minister Dr Hubert Minnis revealed that a planned housing programme geared towards young professionals will include certain exemptions such as waived customs duty on building materials and appliances and real property tax exemption for up to two years after the homes have been constructed.
