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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
'I've never seen it like this before'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Bahamas-based used car dealers have seen a significant drop off in business year-over-year, with one telling Tribune Business: "I've never see
Promotion Board president urges 30% stopover focus
The Bahamas Out Island Promotions Board president yesterday urged the nation to near-double the proportion of stopover visitors that make up its tourism base to 30 percent.
Pipe maker to hire 90 for $1m plant build-out
A NEWLY-created PVC pipe manufacturer has pledged to hire more than 90 persons for the construction of its $1m Grand Bahama plant that is due to be completed by September 2024.
$41m instant financing for Disaster Relief Fund
The Prime Minister yesterday said reform of the dormant bank accounts regime will immediately release $41.3m to help create a Bahamian Disaster Relief Fund.
Restaurants 'can't survive' with 60% sales devastation
Restaurants will simply be unable to survive if the loss of 60 percent of their sales persists amid continuing COVID-19 restrictions, one operator told Tribune Business . Mario Cash, the Burger King franchise’s operations manager, told this newspape
Accounting firm plans 25% staff ‘ramp up’
A Bahamian accounting firm is aiming to “ramp up” staffing levels through 25 per cent growth over the next year, as it eyes opportunities in the digital space.
Oil explorer: 'All the tools we will need'
A Bahamas-based oil explorer yesterday said it now has “all the tools we need” to drill an exploratory well within the 2020 year-end target set by the government, its top executive said yesterday.Simon Potter, the Bahamas Petroleum Company’s (BPC) ch
$5m solar power plant a step toward renewable goal
Grand Bahama Power Company’s $5m solar plant will be able to supply 850 homes and reduce carbon dioxide (CO2) emissions by 4,200 tons annually, it has been revealed.
Warning to US visitors
POINTING to the steady rise in violent crime over the past two years, US State Department officials again warned American visitors to avoid “Over The Hill” areas after dark in its annual crime and safety report.
Baha Mar: Morgans is 'still part of plans'
Exuma’s February Point project is aiming to hire a further 120-140 persons when construction work ramps up within the next two months, its owners yesterday telling Tribune Business the project was “moving a little faster than we anticipated”.
Looking to a future after Ingraham
SO Hubert Alexander Ingraham has been forced to exit, stage left – and just as his personality cult was kicking in big time.
$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
Barracudas win invitational meet
THE Barracuda Swim Club won their Atlantic Medical Barracuda Invitational meet over the weekend at the Betty Kelly Kenning Swim Complex.
Port winner ‘not worried one drop’ by cruise islands
The winning Nassau cruise port bidder’s chairman yesterday said he is “not worried one drop” about the rapid expansion of the industry’s private destinations, adding: “We’ll see who wins.”
Defence Force catches 117 Haitian migrants in southern Bahamas
ONE HUNDRED and seventeen Haitian migrants were apprehended in the southern Bahamas early on Monday morning by the Royal Bahamas Defence Force (RBDF).
Police make 30 arrests in GB as a result of Operation Sling Shot
Grand Bahama Police made over 30 arrests during a police operation that was successfully executed on Tuesday.
Man wanted by police in connection with drug investigation
GRAND Bahama Police are searching for a man who is wanted in connection with a drug investigation.
Gov’t ‘exhausts’ 95% of deficit projection
The Government used up 95 per cent of its projected 2015-2016 full-year deficit within the first five months, the Chamber’s chairman arguing this shows the Bahamas cannot escape its fiscal predicament via new taxes alone.
Conch verdict preserves $3.3m fisheries exports
BAHAMIAN fishermen yesterday hailed as “welcome news” the US’s decision not to place the Queen Conch on its endangered species list, and blamed harvesting shortfalls on “destructive” methods by foreign poachers.
