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Hurricane Hole Superyacht Marina opened
STERLING Global Financial officially opened its Hurricane Hole Superyacht Marina on Paradise Island on Friday, marking a significant milestone for the international company.
‘Devil is in details’ on Fiscal Responsibility
The Government is “definitely on the right track” with its promised Fiscal Responsibility legislation, a governance reform group said, while warning: “The devil is in the details”.
Kalik maker’s loss doubles as revenues decline 15%
Commonwealth Brewery yesterday blamed a 15 percent year-over-year revenue decline for its 2021 first quarter loss more than doubling in comparison to 2020 figures.
‘We’ll look out for ourselves’
ABACO residents say they are not waiting for the government to issue evacuation plans for the 2020 hurricane season but are instead making their own plans if another storm were to hit the island.
Marinas eye ‘five-fold’ yacht charter growth
A SENIOR marina executive says he expects The Bahamas’ yacht charter business “to grow five-fold within the next five years” based on rapidly-increasing interest in the destination.
D’Aguilar: Things will get better as vaccines roll out
TOURISM Minister Dionisio D’Aguilar said yesterday he is hopeful things will improve for the country’s tourism industry “during the course of the year” as vaccination campaigns against COVID-19 continue to be rolled out worldwide.
Gibson: More labour reforms ahead under PLP
MINISTER of Labour and National Insurance Shane Gibson yesterday called the passage of the labour amendments by Parliament this week “a great place to start”, implying that if re-elected the Christie administration would expand on its labour reform actions.
Wells under fire over grouper season comments
AGRICULTURE and Marine Resources Minister Renward Wells is under fire for comments he made last week concerning the potential shortening of the Nassau grouper closed season, with local environmental groups and international advocates condemning the p
Insurers ‘not oblivious’ to Bahamas sanctions threat
THE insurance industry “is not oblivious” to the need for the Bahamas to comply with global anti-financial crime standards and avoid sanctions, its chairman said yesterday.
Bahamas tax structure raises 'trade war' threat
The Bahamas’ tax structure threatens to exacerbate any “cost of living increase” from a global trade war, the Chamber of Commerce’s chairman yesterday branding it “a serious concern”.Michael Maura told Tribune Business that The Bahamas’ regressive, c
Secret plan to axe 233 jobs
POWERSECURE wanted to reduce Bahamas Power & Light’s (BPL) staff by more than 200 workers, believing it could have saved the company “about $20m” doing so, according to the company’s long-concealed BPL business plan.
Farmer's Crown Land plea for $310,000 outlay to work
A Bahamian chicken farmer says his request for a Crown Land lease requires an urgent government response if his $310,000 investment is to work. Glen Rolle, chief executive of Bouggie Birds, told Tribune Business: “We have all of the financing in pla
Central Bank governor: 'The system needs time to recover'
CENTRAL Bank governor John Rolle said yesterday that banks should have comfortable amounts of capital to absorb losses from Abaco and Grand Bahama storm damage - but only “may” be able to withstand losses if a comparable storm was to hit New Providen
Sky Bahamas cuts US flights to assess new security rules
Sky Bahamas yesterday said it is slashing the frequency of US flights by two-thirds this month, in a bid to assess the financial and other impacts from aviation security upgrades.Randy Butler, the Bahamian airline’s president and chief executive, sai
Roads compensation to only relieve '20-40% of pain'
The proposed New Providence Road Improvement Project compensation will relieve only “20-40 per cent” of the pain suffered by impacted businesses, a consultant expressing hope it might at least help some “get back in the game”.
Severe warning issued to nation
SEVERE flood warnings were issued yesterday for the entire Bahamas as a major weather system threatens the archipelago with excessive prolonged rains and thunderstorms this week.
'Cruise visitors are competitors, not customers'
A well-known architect has questioned why the Bahamas could not find an extra $1 million to upgrade Nassau’s “most visited” attraction when the harbour was dredged, warning: “Cruise ships are our competitors, not our customers”.
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.
US Embassy defends report on investments
AMERICAN officials last night defended the controversial US Department of State’s 2014 Investment Climate Statement on the Bahamas and stressed that when preparing such documents, every effort is made to present “accurate and complete” information.
Jaron Cornish and the Seawolves eliminated
A STORIED collegiate basketball career for Abaco native Jaron Cornish came to an end when his Stony Brook Seawolves were eliminated from the Roman College Basketball Invitational in heartbreaking fashion.
