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NPBA: High Flyers and Pirates in win column
THE Breezes High Flyers and Asphalt Maintenance Pirates won the New Providence Basketball Association’s double header played at the AF Adderley Gymnasium on Monday night.
KPMG says Gov’t spending ‘far greater than needed’
The Government’s $1.823 billion recurrent spending Budget is “far greater than it should be” when set against the services it is delivering to the Bahamian people, a top accounting firm is arguing.
Munroe left ‘disappointed’ by increased murder tally
NATIONAL Security Minister Wayne Munroe expressed disappointment yesterday in the country’s murder toll which is the highest since 2017, saying “if one person is murdered, I am disappointed.”
‘Blame game won’t stop the violence’
WITH the country’s murder rate having already surpassed last year’s count, a leading bishop is urging Bahamians to take a more “non-political, bi-partisan” approach to the crime problem in the country.
Look for a Super Bowl rematch in Indianapolis
By BARRY WILNER AP Pro Football Writer GET ready for the rematch. The Super Bowl rematch, not the Harbaugh coaching family reunion. For a Super Bowl redux to happen, the New York Giants will need another huge road win, this time at San Francisco. And whe
PORT IPO HOLDING $1,150 MAXIMUM
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net MORE than 95 per cent of share subscriptions in the Arawak Port Development Company's (APD) $10 million initial public offering (IPO) were from individual investors, with subscripti
Small Business Agency in 20% operating expense cap
The proposed Small Business Development Agency (SMEDA) can only allocate 20 per cent of its funding to cover operational expenses, freeing “no less than $8 million” per year to assisting Bahamian entrepreneurs.
Education woes leave ‘blind leading blind’
The Bahamian education system’s woes have created sub-standard management throughout the Government and private sector, resulting in “the blind leading the blind”.
Water Corp needs 'topup' to $20m subsidies
By NEIL HARTNELL Tribune Business Editor The Water & Sewerage Corporation will "definitely need" an increase to the existing $20 million taxpayer subsidy allocated to it for the 2011-2012 fiscal year, its gene
Central Bank mortgage ease may not have instant impact
A realtor yesterday hailed the Central Bank's bid to help more persons "accomplish the Bahamian dream" although he warned the impact may not be felt instantly.
Gov’t and Opposition fight on GDP growth
THE Government and Opposition yesterday battled over what real GDP growth that fell below expectations for 2023 means for The Bahamas’ short-term economic prospects.
Environmental nod 'huge milestone' for oil explorer
A Bahamas-based oil explorer yesterday hailed the receipt of all necessary environmental approvals from the government as “a massive milestone” towards drilling its first exploratory well.Simon Potter, pictured, the Bahamas Petroleum Company’s (BPC)
‘CRIME’S DOWN - NOT BY COVID’: Police chief insists lockdowns not key to reduced offences
POLICE Commissioner Paul Rolle yesterday credited a 16 percent fall in overall crime to the efforts of his force and not a windfall from the months of lockdown enforced on the nation.
Bahamians pay tribute to monarch
BAHAMIANS are mourning the loss of 96-year-old British monarch Queen Elizabeth II, who died yesterday afternoon after 70 years on the throne.
Treasure Cay in vacation rentals decline due to lack of airlift
TREASURE Cay has seen a loss of 25 per cent drop off in its vacation rental market due to the unavailability of affordable airlift to the destination, a local resort operator telling Tribune Business, “It’s hurt the economy terribly”.
Work stopped at The Pointe
FORMER Deputy Prime Minister Brent Symonette yesterday called for the country’s executive leadership to resign after it was revealed that developers of the $250m The Pointe resort had overstepped approved works and were issued a stop order from the Ministry of Works.
PM says VAT will be a ‘major success story’
PRIME Minister Perry Christie said yesterday he is “absolutely certain” value added tax (VAT) will be a “major success story for the people of the Bahamas.”
Unions offer support to health plans
AS parliamentary debate on the highly anticipated National Health Insurance Bill started yesterday, several of the country’s foremost medical and trade unions claimed that they have committed themselves to a partnership that seeks to make the NHI vision a reality.
BORCO: 58% OF STORAGE MONIES FROM 3 CLIENTS
By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent has listed the Grand Bahama-based facility's narrow customer base among its material risks, with 58 per cent of its core oil storage revenues coming from just its
BORCO: 58% OF STORAGE MONIES FROM 3 CLIENTS
By NEIL HARTNELL Tribune Business Editor The Bahamas Oil Refining Company's (BORCO) parent has listed the Grand Bahama-based facility's narrow customer base among its material risks, with 58 per cent of its core oil storage revenues coming from just its
