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Port bidder: ‘Majority’ of $250m for Bay St
A Nassau cruise port bidder yesterday pledged that the “majority” of its $250m investment will be spent outside Prince George Wharf to help bring Bay Street “back to life”.
Unions give PM month to avoid ‘national strike’
Trade union leaders yesterday warned the prime minister he has a month to resolve multiple labour disputes otherwise “he’s going to have a national strike on his hands”.
Omicron ‘pushes back’ pre-COVID for tourism
Tourism’s hoped-for return to 2019 business volumes this year has been “pushed back” several months by Omicron with Internet searches for The Bahamas now “half” of pre-COVID levels.
Bank chief hopes Bahamians will have ‘learned their lesson’
The Clearing Banks Association’s chairman yesterday said he hopes Bahamians have “learned their lesson” from COVID-19 about the need to withstand economic catastrophe by building-up savings.
Bahamas warned on new downgrade risk
The Bahamas was yesterday warned by Standard & Poor’s (S&P) that it faces “at least a one-in-three chance” of a further downgrade to its sovereign credit rating within the next 12 months.
Atlantis ‘close to 90%’ occupancy in coming weeks
Atlantis will operate at “close to 90 percent occupancy” over the next few weeks, its top executive revealed yesterday, with all properties apart from the Beach Towers having re-opened post-COVID.
Goodman’s Bay
Should Government allow private enterprise to coolly take over public open space and no one lift a hand or even understand what is happening? I am concerned what is openly happening on Goodman’s Bay parking lot to the eastern side.
Give Bahamians ‘direct’ carbon manager equity
Opposition MPs yesterday urged that “ordinary Bahamians” be given an opportunity to directly own shares in the company being created to manage this nation’s multi-million dollar carbon credits and their trading.
NPBA: Giants vs Rockets, Bucket vs High Flyers in Championships
BOTH championship matchups in the New Providence Basketball Association are all set and the quest for the 2018 title is down to its final series.The Commonwealth Bank Giants and Aliv Bucket Team advanced with wins on Wednesday night to conclude the s
Inflation ‘significant’ threat to post-COVID recovery
Rising inflation poses “a very significant” threat to the speed and strength of The Bahamas’ post-COVID economic revival, a prominent economist warned yesterday, with key building material prices up by double digits.
Gov’t pushes MSC purchase of GBPA
Mediterranean Shipping Company (MSC) has made an offer to acquire the Grand Bahama Port Authority (GBPA), Tribune Business was told yesterday, amid concerns over “the brute force” being used to force its existing owners to sell.
Gov’t spending reform is ‘absolute necessity’
The Opposition yesterday branded reform of government spending as an “absolute necessity” as it argued that the $804.5m increase in total expenditure compared to pre-COVID levels is “possibly unsustainable”.
NIB '52% of way' to $200m income target
The National Insurance Board’s (NIB) $104 million in collected contribution income at end-June has put it slightly ahead of schedule, or more than 50 per cent of the way, towards its $200 million full-year target at 2012’s mid-point.
City Markets staff allege 'conspiracy'
TEN Grand Bahama-based City Markets employees are alleging that the company and its principals deliberately altered their employment terms to "coerce and compel" them to leave voluntarily, thereby relieving the supermarket chain of the need to pay them severance and pension benefits.
Rockets stop the Regulators, Mingoes sweep Shockers
A PAIR of teams advanced to the semi-finals in the New Providence Basketball Association Division I playoffs Saturday night with sweeps in both series.
Atlantis braces for $14m hit from BPL’s fuel hike
Atlantis is predicting it will take a $14m hit this year from Bahamas Power & Light’s (BPL) hiked fuel charges but remains hopeful this will be minimised by higher visitor spend and room rates.
Water Corp 'hanging on a very tight string'
The Government has little choice but to bail-out a Water & Sewerage Corporation that is "hanging on a very tight string"," a Cabinet minister confirmed yesterday.
Activist: Disney ‘first test’ for Gov’ts words, actions
Activists yesterday said Disney’s Lighthouse Point project will be “the first test” for the Davis administration when it comes to “matching words” in Opposition to “actions” when in government.
NHI: ‘We’re going where no man has gone before’
The Chamber of Commerce’s top executive yesterday said it was “critical” to get National Health Insurance (NHI) right first time, adding: “We’re going where no man’s gone before.”
Time for the bank system to be changed
Re: Article “Why do we put up with these banks?”
