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NAD suffers $13.94M bottom line reversal

Despite suffering a $13.941 million bottom line reversal that dropped it to a net $6.172 million loss for its 2012 financial year, the Nassau Airport Development Company’s (NAD) chief executive said it was still creating “an ideal gateway for the Bahamas”.

Sir Sidney challenges next generation

OSCAR-winner Sir Sidney Poitier called on young people to take The Bahamas to levels ‘unimagined’ by their ancestors as the western Paradise Island bridge was officially renamed in his honour and The Bahamas started its celebrations to mark 40 years of independence.

Building permit revenue off 44%

The Government’s building permit revenues under-shot projections for the 2012-2013 half-year by 43.7 per cent, the Deputy Prime Minister indicating that fees were set to increase to match service costs.

Waltiea and Tar Heels on NCAA trek this weekend

“SELECTION MONDAY” has passed and the North Carolina Tar Heels and senior center Waltiea Rolle begin their trek into the NCAA Women’s Tournament this weekend.

Boutique hotel eyed by February Point purchaser

A boutique hotel is among the build-out options under consideration by the likely purchaser of Exuma’s February Point development, with ultimate ownership likely to vest in a consortium of new and existing homeowners at the project.

Bail makes NCAA debut with UCLA Bruins

While the Bahamas’ NCAA focus was on the Battle 4 Atlantis, there were Bahamian players who reached career milestones this weekend, one in scoring, while the other made his NCAA debut.

‘Buddy Buckets’ gets first preseason start

The learning curve for Buddy Hield continues as the New Orleans Pelicans prepare to conclude their preseason schedule this week.

Slave ship artifacts uncovered

ON craggy rocks and in silent gullies at Lynyard Cay in the Abacos lay the fragments of an American-owned slave ship, the 129-ton, 88-foot schooner, the Peter Mowell.

Celtics hold off Kings 103-102 despite Hield’s 41 points

BOSTON (AP) — Jaylen Brown scored 24 points, Jayson Tatum had 20 and the Boston Celtics held off the Sacramento Kings 103-102 despite a career-high 41 points from Buddy Hield last night.

Regulators level NPBA series with 96-74 rout of Cybots

THE back and forth battle between the Mail Boat Cybots and Mr Ship It Freight Regulators continued over the weekend and set the stage for game five in their best-of-seven series in the NPBA Division I.

Labour Dept placing just 2 per cent of job seekers

The Department of Labour is finding work for just 2 per cent of its registered job-seekers, a ratio that is exacerbating low workforce productivity and inequality in Bahamian society.

Development Plan’s ‘final 20%’ target year-end for completion

The final “20 percent” of The Bahamas’ National Development Plan (NDP) is being targeted for completion before year-end, it was revealed yesterday, as the Davis administration moves to give it the full force of statute law.

URCA proposes 20% expansion in budget

The Utilities Regulation and Competition Authority (URCA) is for the second consecutive year proposing a major hike in its operating budget via a near-20 percent increase for 2024.

Tourism’s ‘perfect storm’ missing out on 15-20%

The hotel industry’s top executive yesterday said that despite “the perfect storm” driving the sector’s recovery he remains concerned about the 15-20 percent of visitor source markets that have yet to re-open.

$60m farm project aiming to ‘make agriculture sexy’

Bahamian investors will get details on how they can invest in a $60m hydroponic farming project by early March, its principals saying yesterday: “We want to make agriculture sexy again.”

Landfill operator hits '80% of goals'

The New Providence landfill’s new operator yesterday said it is “hitting at least 80 percent of our targets”, having already invested $9m of its initial $20m financing.

'Mid-80s' occupancies give Atlantis 'exceptional' March

Atlantis is eyeing an “exceptional” March with “across the board” occupancies in the low-mid 80 per cent ranges, its senior executive telling Tribune Business the resort had beaten early 2012 comparatives and was hitting this year’s performance targets.

The Tribune

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