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NCAA: Sammy Hunter gets scholarship offers
FOR much of the summer, it was a relatively slow recruitment process for Sammy Hunter, but the Canadian-based prep basketball star has picked up five NCAA Division I offers in just under two weeks.
One last summer of BPL’s torment: Then cheaper bills and power that stays on
WHEN Finnish group Wärtsilä completes installation of a new electricity plant at Clifton Pier, Bahamas Power and Light Company Ltd would have ended the expensive practice of rental generators and “drastically” decreased the fuel surcharge on consumer’s monthly bills.
Skills woes threaten ‘backbone of society’
The “backbone of Bahamian society” is under threat from the high unemployment and skills gaps undermining the 20-something generation, with AML Foods’ top executive warning: “We all have an obligation to fix this.”
Irma hits 80% of Bahamas’ marina market
Bahamian marinas are concerned that Hurricane Irma’s strike on Florida could impact 80 per cent of their market, although most reported no storm-related damage themselves.
Ex-Cabinet minister urges: ‘Rescue financial services’
An ex-Cabinet minister yesterday urged the Bahamas to move rapidly in rescuing its financial services industry, which he warned was “under tremendous strain”.
GB Power ‘clawing way back’ in 25% profit rise
Grand Bahama Power Company was yesterday said to be “clawing our way” back to targeted net income after producing a 25 percent profits increase to $10m for the 2022 full-year.
Arawak Port: Tough to match 157% profit rise
THE Nassau Container Port’s chief executive yesterday said it “will take something quite significant to repeat” 2017’s 157 per cent profits rise, which received a $1.1 million Baha Mar boost.Michael Maura told Tribune Business that Baha Mar’s remobil
Sports Notes
AFTER taking a break for the Christmas holiday, the New Providence Basketball Association is scheduled to resume play on January 4 at the AF Adderley Gymnasium.
Cellular revenues per user up despite subscriber fall-off
The Bahamas Telecommunications Company’s (BTC) average revenue per user (ARPU) in the cellular market grew by almost 25 per cent in 2013, despite a market that declined slightly in terms of subscriber numbers.
Auto chief waits 6-8 months for $200k tax refund
The Bahamas Motor Dealers Association’s (BMDA) president yesterday revealed he has been waiting six-eight months for a $200,000 tax refund, while seeing “only red ink” on his company’s financial spreadsheets.
Athletes get set for CARIFTA trials starting Friday
IN anticipation of the finals trials this weekend and subsequently the CARIFTA Games over the Easter holiday weekend, the top sprinters eligible for Team Bahamas got a chance to go through a block start session.
Insurers 'uncertain' over hospital debts
THE Bahamas Insurance Association says it is “uncertain at this time” if private insurers owe revenue to the Public Hospitals Authority due to the PHA’s inadequate billing system. Health Minister Dr Duane Sands has said the PHA delivers as much as $4
Contractors: ‘Perfect storm’ over raw materials quotes
Bahamian contractors “cannot control prices” because quotes on building materials are holding for as little as 48 hours, with one saying yesterday: “It’s just the perfect storm.”
Six-month 'past due' loans double to 60%
The proportion of non-performing loans more than six months’ past due has almost doubled from pre-recession levels to 60 per cent, reflecting both borrower struggles and bank repossession difficulties.
T-Bird Flyers Classics sees more CARIFTA qualifiers
The 32nd T-Bird Flyers Track and Field Classic was a success not only for event organisers but also athletes vying to compete at the 2024 CARIFTA Games scheduled to take place in St George’s, Grenada.
VAT cut’s ‘modest’ jobs, growth effect
Cutting the VAT rate to 10 percent will cause “only slight improvement” in job creation and economic growth, a University of the Bahamas (UoB) study asserts, while advocating it still “be pursued’.
CARIFTA team selected after final trials
Following the completion of their final trials over the weekend at the Thomas A Robinson Track and Field Stadium, the Bahamas Association of Athletic Associations has selected an 81-member team for the CARIFTA Games over the Easter holiday weekend in Martinique.
Bahamas' 27 tax deals face new G-20 pressures
The Bahamas will likely come under immediate pressure to convert its existing 27 Tax Information Exchange Agreements (TIEAs) into the ‘automatic sharing’ variety, after the G-20 last week “eliminated all doubt” that is now its goal.
Baha Mar admits to no redundancy cash
Baha Mar has admitted it “does not have sufficient cash” to pay its 2,400 employees due compensation should it have to make them redundant, as its $80 million financing facility has been blocked - at least for the moment - by Government and Chinese opposition.
BISX celebrates 20th anniversary
The Bahamas International Securities Exchange (BISX) last week celebrated 20 years since it began electronic trading on May 12, 2000, as a “proud day” that signals it has become a key part of the “financial landscape”. Incorporated on September 23,
