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INSIGHT: A bad investment - don’t you believe it
The Cable Bahamas (CAB) share price quoted on BISX has suffered a stunning fall of almost 40% in the last 18 months, from $6.50 to $4.00. EPS (earnings per share) dropped from $0.28 in 2014 to a loss of ($0.38) in 2017, and last year quarterly dividends on the ordinary shares were indefinitely suspended.
Owners ‘very aggressively’ marketing ex-Ginn project
The former $4.9 billion Ginn sur Mer project is being “very aggressively marketed” to targeted potential purchasers, Tribune Business was told yesterday, with a $75-$80 million outlay likely to acquire the entire property.
Vendors exceed expectations at Royal Caribbean workshop
Royal Caribbean yesterday said the first Royal Beach Club workshop for potential Bahamian food and beverage, retail and artisan partners exceeded expectations by attracting around 70-80 attendees.
Cybots take game 1 of championship series
The MailBoat Cybots stunned the Commonwealth Bank Giants in game one of the New Providence Basketball Association's (NPBA) best-of-five championship series.
Fishers Alliance makes conch protect proposals
A BAN on conch exports could stem the Bahamas’ conch population decline, the Commercial Fishers Alliance’s (BCFA) president yesterday disputing the reported 80 per cent fall. Adrian LaRoda told Tribune Business that such a ban was one of several prop
Woman who hurt ankle awarded $70,000
THE Supreme Court has awarded more than $70,000 in damages to an elderly woman who suffered ankle injuries after falling down a utility conduit at Arawak Cay nearly nine years ago.
GB Power: 80% of Freeport grid survives Dorian
Grand Bahama Power Company’s (GBPC) chief executive said the restoration of customer supply would begin yesterday evening after 80 percent of its Freeport grid infrastructure survived Hurricane Dorian. Dave McGregor, the utility’s chief executive, c
More web shops a ‘thing of the past’
A Bahamian web shop operator yesterday said the industry should reduce its need for physical gaming house locations by conducting its business electronically, adding that 80 per cent of its business came from online.
Minnis must be careful
The Free National Movement (FNM) administration of Prime Minister Dr Hubert Minnis once again finds itself in a rather awkward situation with the Bahamas Christian Council (BCC) and the entire Christian community.
Gov’t: Inflation did not drive VAT revenue rise
Record inflation generated less than $10m of the VAT revenue increase in the first six months after the rate cut, the Ministry of Finance asserted last night, with the 2021-2022 deficit slashed by 48.4 percent year-over-year.
Walteia Rolle returns for second season with seattle storm
LAST season marked a career milestone for Waltiea Rolle and this season, that opportunity has been extended as she continues her career in the Women’s National Basketball Association.
Water Corp needs 'top up' to $20m subsidies
Water Corp needs 'top up' 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
Man accused of robbing at gunpoint to snatch $6,000
A 20-year-old man was charged yesterday with robbing four persons, including an officer, at gunpoint of more than $6,000 worth of cash and merchandise over a two-day period, then attempting to kill someone else just five days later.
Gov’t ‘definitely’ beat first $150m VAT goal
Value-Added Tax (VAT) “definitely” generated more than the $150 million net revenue increase targeted for the 2015 first half, a top official yesterday revealing that June’s compliance rates matched those for the first quarter.
$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
$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
NP real estate sales value off 45 per cent during Q3
The total value of New Providence real estate sales on the Bahamas Multiple Listing System (BMLS) dropped 45 per cent quarter-over-quarter in the three months to end-September, the industry yesterday unveiling its initiative to boost “market transparency” and real time data access.
Pension providers enjoy ‘significant’ 100% inquiry rise
Pension plan administrators yesterday said they had seen a 100 per cent increase in employer inquiries over the past 12 months, describing the surge as “significant” given existing low participation levels.
Man being electronically monitored shot dead off Claridge Road
A man who was being electronically monitored was shot dead off Claridge Road on Saturday morning.
Romad Dean on the rise in OSBA
ROMAD Dean continues his series of impressive performances in the second half of the Ontario Scholastic Basketball Association season.
