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'Don't squander chance' for better disaster risk oversight

The Bahamas “must not squander the opportunity” offered by Hurricane Dorian to develop a better “framework” for managing disasters and other major risks, a specialist urged yesterday.Emmanuel Komolafe, a locally-based risk management professional, sa

Renewable provider ‘totally disagrees; on URCA pay proposal

A renewable energy provider yesterday likened the latest regulatory proposal to private well users selling all water they produce to the Water & Sewerage Corporation before consuming it.

Nassau/PI hotel room nights off 10% post-Dorian

Large Nassau/Paradise Island hotels endured a “tepid” October in the wake of Hurricane Dorian with revenues falling on the back of a ten percent decline in room nights sold. The Central Bank, unveiling its October monthly economic report, revealed t

Robber blames sins of his relatives for breaking law

A 40-year-old man sentenced to over a decade in prison yesterday for robbing two food stores at gunpoint earlier this year attributed his criminal actions to a “generational curse” caused by incest in his family. Tyrone Minnis, upon receiving from J

Govt targets 'best in class' over aviation

The government’s aircraft registry ambitions are critical to developing a “best in class aviation sector”, a Cabinet minister telling Tribune Business yesterday: “Now the journey begins.”Dionisio D’Aguilar, minister of tourism and aviation, told Trib

Bahamas must adhere to Russia sanction consensus

The Bahamas must “act in a manner consistent” with protecting its reputation and integrity as an international financial centre (IFC) on Russian sanctions, an ex-attorney general says.

Restoring fiscal health, investing in our future

In 2022, the Davis administration is laser-focused on moving The Bahamas beyond recovery into a period of robust, broad-based economic growth. This means building an economy that widens the circle of opportunity and lifts all Bahamians - not just a few.

Softball fields being refurbished

WITH the new baseball stadium now projected to be completed by the end of the year, the Ministry of Youth, Sports and Culture is partnering with a number of local companies to renovate the softball fields at the Baillou Hills Sporting Complex free of charge.

Gov’t ‘reaching ceiling’ on debt

The Government may be reaching its debt limits given that such liabilities are now bigger than the economy, the Debt Advisory Committee’s head warned yesterday.

Debt consolidation leads loan requests

Bahamians are struggling to finance “big ticket items”, the Central Bank’s governor said yesterday, given that debt consolidation accounts for 36 percent of all consumer loan applications.

PM urged: ‘Flip switch’ over true meritocracy

The Prime Minister was yesterday urged to “flip the switch” and transform The Bahamas from a political patronage-based system to a meritocracy, an ex-political leader warning: “We can’t afford for them to fail.”

Aliv: ‘Honeymoon period’ now over

Aliv’s top executive yesterday warned that “the honeymoon period” is over despite service revenues enjoying four successive month-over-month increases to hit $5m for October.

A TRUE BAHAMIAN PATRIOT: Former Governor General Arthur Dion Hanna dies age 93

FORMER Governor General and Deputy Prime Minister Arthur Dion Hanna, the ardent progressive whose faith in Bahamians helped push The Bahamas toward independence and sparked the Bahamianization policy that defined an era, died at home yesterday at 93.

‘High expectations’ NAD’s $75m offer is oversubscribed

The Nassau airport operator’s advisers last night said they had “high expectations” its refinancing will be fully or oversubscribed after raising 90 percent of their target within the first two days.

‘Ball’s rolling’ on new multi-billion industry

The Bahamas could unlock a potential “multi-billion dollar industry” if it gets its planned aircraft registry right, an aviation legal specialist said yesterday, adding: “We have great momentum.”

NAD's $73m raise 'a big confidence boost'

The “fully subscribed” Nassau Airport Development Company (NAD) offering has raised the bar on what the Bahamian capital markets can generate, an investment banker believes.

Former COB employee has jail term cut by 40%

THE Court of Appeal has docked 40 percent of former College of the Bahamas employee Chimeka Gibbs’ 15-year sentence for stealing over $700,000 from the institution over a seven-year period. The appellate court said Gibbs will now serve nine years in

Aliv targets summer 2019 for ‘break even’

Aliv is targeting summer 2019 for its operations to hit “break even” through $50-$60m in annual revenues, as it unveiled plans to “double down” on investment in its mobile network.

Bahamasair invests $11.4m in new jet

BAHAMASAIR yesterday commissioned a new Boeing 737-790NG jet — an $11.4m investment with a seating capacity of 138 and a flying range of over five hours.

‘Manageable’: WTO revenue loss pegged at $110m-$130m

Revenue losses from WTO-related import tariff cuts are “manageable”, a Chamber of Commerce-commissioned study revealed yesterday, standing at between $110m-$130m per year.

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