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Bahamas exports decline by 36% to five-year low
The Bahamas’ merchandise trade deficit fell by 12.3 per cent in 2015 to $2.719 billion, as the decline in imports offset a more than one-third reduction in exports.
Bahamian Minor League Baseball prospects receive 2022 assignments
Several Bahamian prospects have received their 2022 assignments in Minor League Baseball as seasons commenced in leagues across the United States.
Deandre Ayton posts career-high five blocks
Following a week of postponements and three missed games due to the NBA’s COVID-19 protocols, Deandre Ayton continued to play his best basketball of the season once the Phoenix Suns returned to the court.
Patients are trapped by lack of funds
HEALTH Minister Dr Duane Sands said yesterday the government is still trying to decide what it can afford to do regarding the homeless patients who are lodged at the Princess Margaret Hospital.
‘Totally devastating’: Water corp revenues shrink 61%
Hurricane Dorian and the COVID-19 pandemic have dealt a “completely devastating” blow to the Water & Sewerage Corporation’s cash flow with April revenues down 61 percent, its executive chairman revealed yesterday.
Bahamasair raises fares on $100k weekly fuel cost rise
Bahamasair has increased ticket prices on all domestic and international routes with effect from early April after its fuel costs soared by an “extra $100,000 per week”, its managing director revealed yesterday.
DeMarco and Bahamas earn 63-57 win over Red Raiders
Chris DeMarco got the first victory under his belt with the men’s national basketball team by pulling off a 63-57 decision over the Texas Tech Red Raiders at the Kendal Isaacs Gymnasium last night.
Family Island hotels targeting 90% pre-COVID room nights
Family Island hotels can hit 90 percent of pre-COVID room nights sold with a strong over 2022’s final quarter, a senior tourism is predicting, voicing optimism the sector will “get closer” to its targets.
'Madness': 90% of loan requests are consumer
The Bahamas' consumer loan "madness" is making sustainable economic development impossible, as more than nine out of every 10 credit applications fall into this category.
NPBA opens the new season
THE New Providence Basketball Association’s defending champions Breezes High Flyers and the Mr Ship It Freight Regulators opened the new season in the opposite direction.
Bank chief warns VAT to increase prices 10%
A top bank executive yesterday estimated that the planned Value-Added Tax (VAT) would increase Bahamian consumer prices by around 10 per cent, with this and higher Business Licence fees increasing his institution’s operating expenses by an annual $2.5 million.
Oil explorer told: 'Come clean' over unpaid fees
Oil exploration opponents yesterday urged the Government and Bahamas Petroleum Company (BPC) to "come clean" on all their commercial agreements including the latter's unpaid licence fees.
Atlantis targeting $130m investment by end-2018
Atlantis’s top executive yesterday revealed that the Paradise Island destination resort is likely to invest a further $130 million to upgrade its amenities by 2018 year-end.Howard Karawan, its president and managing director, said “north of $80 milli
Bahamas urged: Target 80% in next aviation safety audit
The Bahamas must target a “high 70s-80 percent score” on its next aviation safety audit and match the world’s best, an attorney said yesterday, adding: “We’ve made great strides in a short span of time.”
PM seeks to turn junkanoo into money earner for practitioners
JUNKANOO could bring a financial boost to Grand Bahama, said Prime Minister Perry Christie.
BTC post-paid customers angry after overcharging for services
IRATE Bahamas Telecommunications Company post-paid mobile customers yesterday told The Tribune they now have “issues of trust” and are contemplating leaving BTC for its competitor Aliv, after they were overcharged for services and did not learn of the issue until weeks after the extra fees were heaped on their bills.
Buddy: ‘We didn’t match their physicality’
NATIONAL Basketball Association player Chavano “Buddy” Hield said he couldn’t ask for more support than they got from the Bahamian public for the men’s national team matchup against the Dominican Republic.
Joaquin insurance loss stands at $14m
The Bahamian insurance industry is currently pegging gross losses caused by Hurricane Joaquin at $14 million, a sum equivalent to just 23 per cent of the initial $60 million damages estimate.
Eliminate VAT need via 70-80% tax compliance
The Tax Coalition’s co-chair has suggested that increasing tax compliance rates to 70-80 per cent under the existing system would eliminate the need for Value-Added Tax (VAT) or any other revenue reforms.
10-15% alternative energy penetration within next decade
RENEWABLE energies could penetrate between 10-15 per cent of Bahamian homes and businesses within the next decade, a local provider telling Tribune Business yesterday that consumers were receiving "payback" on his company's solar water heaters in "less than a year".
