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Sunland Baptist takes title to Grand Bahama
36TH HUGH CAMPBELL BASKETBALL CLASSIC
The curtains came down on the 39th edition of the prestigious Hugh Campbell Classic on Monday night with the Sunland Baptist Stingers emerging as the back-to-back champions.
DRA report highlights Abaco dome project issues
A COMPANY contracted by the former Minnis administration to construct 213 domes and the needed infrastructure on Abaco in the aftermath of Hurricane Dorian discontinued the project after receiving $4.6m of the total $6.4m required to complete the work, despite only completing about 16 percent of the structures.
FTX’s Bahamas properties caught in Chapter 11’s net
FTX’s Bahamian real estate purchases - which could be worth a collective $300m - were made through a company currently covered by US Chapter 11 bankruptcy proceedings rather than the Bahamian provisional liquidators.
Miller confident on Robin Hood replacement
By NEIL HARTNELL Tribune Business Editor Robin Hood's landlord yesterday told Tribune Business he is extremely confident about finding a replacement tenant for the closing retailer, describing the Summerwinds Plaza location as "second to none" and "the b
BAHAMAS FIRST CHIEF: BISXLISTING 'PROBABLE' IN 2012
By NEIL HARTNELL Tribune Business Editor Bahamas First Holdings' chief executive yesterday told Tribune Business he personally believed the general insurance holding company would list on the Bahamas International Securities Exchange (BISX) in 2012 "if i
Sir Franklyn: ‘Price deflation’s’ consumer confidence boost
A BISX-listed food retailer’s disclosure of “price deflation” in some product categories should inspire improved consumer confidence heading into 2024, a Bahamian businessman argued yesterday.
Sandilands and Centreville Primary girls and boys volleyball champions
SANDILANDS Primary and Centreville Primary emerged as the girls and boys champions of the New Providence Public Primary Schools Sports Association’s 2024 volleyball championships.
OLE MISS REBELS ADVANCE TO FINALS: Pull off nine-point comeback victory against Wildcats at Battle 4 Atlantis
The University of Mississippi Ole Miss Rebels are headed to their first Battle 4 Atlantis finals after completing a 9-point comeback victory against the University of Arizona Wildcats at the Imperial Arena, Paradise Island, in the Bad Boy Mowers Battle 4 Atlantis women’s semifinals yesterday.
THE PRESS BOX: A-grade for Lonzo Ball and the new-look Lakers
WELL the NBA Draft has come and gone and NO, Paul George still isn’t a Laker! Despite not making a blockbuster trade for George, yet, ‘Magic’ Johnson(Lakers President) and Rob Pelinka (Lakers GM) have done a masterful job over the last few days. Fir
MAB chief doubts NHI hospital savings forecast
The Medical Association of the Bahamas (MAB) president yesterday expressed doubts that the $100 million National Health Insurance (NHI) investment in primary care would help reduce spending on the hospitals.
FINCO cuts staff 70% in five years
FINCO has slashed staffing levels by 70 per cent over the past five years, as it continues to outsource back office functions to its parent in a bid to cut costs in a low growth environment.
Jaguars top Tabernacle Falcons 61-53 to claim championship
AFTER falling short in the inaugural title game, the St George’s Jaguars protected home court in 2017 and brought the national championship to Jaguar country.
$50m capital raising comes Aliv next week
The Bahamas’ new mobile operator will bring a $50 million capital raising ‘Aliv’ next week, its advisers yesterday predicting “a very successful offering”.
BPL urged: ‘Ramp up quickly’ to get $500m Shell saving
BAHAMAS Power & Light (BPL) was yesterday urged to “ramp up very quickly” on its generation deal with Shell, amid hopes it could result in $500 million of annual economic savings.
No remorse $600k thief ‘should not be jailed’
A senior probation officer on Friday recommended former College of the Bahamas employee Chimeka Gibbs be given a non-custodial sentence for stealing over $600,000 from the institution over a seven-year period.
Baha Mar ‘asset transfers’ VAT and duty free
THE two ‘asset transfers’ necessary to effect Baha Mar’s sale to Chow Tai Fook Enterprises (CTFE) were “exempt from all relevant taxes”, including VAT and Stamp Duty, with the $4.2 billion project’s completion also escaping the 7.5 per cent levy until end-2019.
Bahamas ‘may need’ vacation rentals tax
The Minister of Tourism yesterday said the Bahamas has to keep a “close eye” on the booming Airbnb vacation rental market, suggesting the Government may have to levy a room tax on it to maintain a ‘level’ playing field’ with the hotel industry.
Bahamas gets 3-0 win over Belize
LESLY St Fleur missed a hat trick but he connected on a pair of goals and Gary Joseph added the other as the Bahamas team electrified the crowd for the second consecutive night at the CONCACAF Beach Soccer Championship with a 3-0 victory over Belize.
Development Bank fund ‘sinking’: Covers 1/3 of $46m bonds
* Just 28.4% of loans ‘performing’ * Accumulated losses over $60m * Solvency deficiency at $31.31m
THE Bahamas Development Bank’s (BDB) ‘sinking fund’ covered just one-third of its $46 million outstanding bond debt at year-end 2016, with only 28.4 per cent of its loans ‘performing’. The BDB’s 2016 financial statements, tabled in the House of Assembly in Wednesday by the Prime Minister, reveal the parlous state of another state-owned enterprise (SOE) that has racked up more than $60 million in losses for the Bahamian taxpayer during its 43-year existence.
