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PowerSecure targeted $100m in fuel savings
Bahamas Power & Light’s (BPL) former manager targeted more than $100 million in fuel savings as key to reducing electricity rates by 50 per cent come 2020.
Jones and Sun lose WNBA Finals opener
JONQUEL Jones and the Connecticut Sun nearly overcame another fourth-quarter deficit but their late rally fell just short in game one of the WNBA Finals.
Alarm voiced over cruise industry's Nassau bypass
A Bahamian destination provider yesterday voiced alarm that the cruise ship industry may initially bypass Nassau in favour of its private islands once it makes its COVID-19 comeback.
Buckets, Pirates victorious
ALIV Buckets and the Pirates won the New Providence Basketball Association’s double header at the AF Adderley Gymnasium on Monday night.In the men’s division II opener, Aliv knocked off the Johnson Truckers 78-75, while the Pirates got by the Rhythm
Broker’s rescue questioned over $1.8m deficiency
The Securities Commission is questioning whether last-ditch efforts to rescue a Bahamian broker/dealer, which has admitted to misusing client monies, are “bona fide” given its $1.862 million solvency deficiency.
Eleven more COVID deaths added to toll
ELEVEN COVID-19 deaths were reported over a three-day period according to the Ministry of Health and Wellness, pushing the total number of reported deaths in the country up to 746.
'Matter of time' before Atlantis unpaid leave is sector norm
The hotel union’s president yesterday said it was “only a matter of time” before other resorts follow Atlantis’s lead in asking staff to “volunteer” to take two weeks unpaid leave amid the COVID-19 crisis. Darrin Woods told Tribune Business that the
Govt dives in to boost fisheries
The Government has unveiled measures to boost the $78m crawfish industry, with increased wholesale profit margins and greater Bahamian dive participation among the key targets. Michael Pintard, minister of agriculture and marine resources, speaking j
$60m Hilton sale 'win-win for all'
The British Colonial Hilton was sold for a sum “in the ball park of $60 million”, Tribune Business was told, as its outgoing chairman described the deal as “a win-win for everyone”.
Man sentenced for two years for theft of $80
A MAN was sentenced to two years in prison yesterday after he admitted to stealing cash in a housebreaking in Andros late last year.
Coach ‘Drips’ Poitier to adopt new role at Florida State College
ON April 1, coach Edric C ‘Drips’ Poitier is expected to take on a new role at Florida State College at Jacksonville where he coaches their Blue Waves women’s volleyball and reconstructs their beach volleyball programme after a three-year coaching sting at Savannah State University.
Activists go on walkabout to drum up VAT opposition
ACTIVIST group Citizens for a Better Bahamas yesterday canvassed the Centreville area to encourage residents to sign a petition opposing the proposed VAT system.
Briland resort enjoys 33% revenue surge
A Harbour Island hotelier yesterday said the Christmas holidays were “bananas as usual” with December 2022’s revenues 33 percent ahead of pre-COVID comparisons for that month.
Matthew shows VAT 'inappropriate' tax for insurance sector
Bahamas First executives yesterday urged the Government to reduce the insurance tax burden, revealing they were mulling innovative ways to combat client under-insurance.Keith Rolle, its senior underwriting vice-president, said the insurer was examini
More than 600 nominees for local government vote
MORE than 600 people have nominated for local government positions before the January 27 elections.
‘Curbside only is killing us’
A MANAGER of a local clothing store said curbside restrictions are “killing” the retail sector.
Baha Mar wants contractor out
Resort wants local workers to finish building
DESPITE the government’s return to Beijing, Baha Mar developer Sarkis Izmirlian is seeking to strike a deal with its Chinese lender to cut the resort’s general contractor, China Construction America, out of negotiations and use Bahamian contractors to complete the project, according to a letter sent to Export-Import Bank of China obtained by The Tribune.
UPDATED – Cases count: 16 positive, including exuma woman
THE Bahamas recorded 16 new cases of COVID-19 yesterday, including ten on Grand Bahama and five on New Providence.
Davis ‘out of the loop’ on botched contract
FORMER Water and Sewerage Chairman Leslie Miller defended Progressive Liberal Party Leader Philip “Brave” Davis yesterday insisting in many ways the former minister of works was “left out of the loop” regarding Nassau Island Development’s receipt of a $9.6m contract with the WSC under the previous Christie administration.
STORM FALL-OUT TO HIT BUILDING MATERIALS: Warning that Florida’s post hurricane reconstruction will impact prices and availability in The Bahamas
Bahamian contractors yesterday warned it is “inevitable” that Florida’s post-Hurricane Ian reconstruction will hit building material prices and availability here as local inflation was revealed to have hit 7 percent.
