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Cable confirms capital raising profits ‘drag’
Cable Bahamas has acknowledged that costs associated with recent debt capital raisings “have dragged on profitability and cash flow”, helping push it into a $14.371 million net loss for 2015.
US seeks $95m over Freeport prescription drug 'scheme'
THE US government is seeking $95 million from a Canadian citizen charged with using a Freeport-based pharmacy, licensed by the Grand Bahama Port Authority (GBPA), to export and sell illegal prescription drugs to US citizens.
Concern over S&P rating
THERE is “at least a one in three chance” that Standard & Poor’s (S&P) will downgrade the Bahamas’ sovereign credit rating within the next 24 months, with Wall Street ruling tax reform out as a major difference maker in the short-term.
Bahamas faces 'one in three chance' of downgrade in two years
THERE is “at least a one in three chance” that Standard & Poor’s (S&P) will downgrade the Bahamas’ sovereign credit rating within the next 24 months, with Wall Street ruling tax reform out as a major difference maker in the short-term.
PM slams VAT ‘doomsday prophets and pundits’
Prime Minister Perry Christie yesterday slammed the “doomsday prophets and pundits” over Value-Added Tax (VAT), lauding its implementation as “remarkably smooth” and suggesting it would serve as a model for reforming other existing taxes.
GB Power secures ‘best solar rate in Caribbean’
Grand Bahama Power Company believes it has obtained “the best rate in the Caribbean” with its first solar energy deal with an independent provider, its top executive has revealed.
FNM chair: VAT health claims change ‘insane’
The FNM’s chairman yesterday branded the proposal to change the VAT treatment of health insurance claims as “absurd, insane and inane”, warning that it will “destroy” the medical sector if implemented as originally planned.
Businesses blast Grand Bahama Power fuel charge hike
GRAND Bahama Power Company’s (GBPC) impending fuel charge increase was yesterday branded “disgraceful” by one businessman although the move came as little surprise.
Bahamas aiming to double Texas visitor share to 10%
The Bahamas is seeking to double Texas’ share of its tourism customer base to 10 percent, the deputy prime minister has revealed, while revealing that the Houston Rockets basketball team will likely hold their training camp in Nassau.
PM hails $350m Shipyard move
The prime minister yesterday said the government is working on “a new partnership agreement” with the Grand Bahama Shipyard’s cruise line owners as he hailed their $350m investment in two new dry docks.
THE PRESS BOX: In the NFL, it's the battle of wounded knee in the Big 'D'
DALLAS Cowboys wide receiver Amari Cooper underwent an MRI on his injured knee Wednesday and missed practice yesterday, according to Michael Gehlken of the Dallas Morning News. The NFL Network’s Ian Rapoport also added that the MRI was precautionary
Oil explorer: Deal is 50/50 profit sharing
The Bahamas Petroleum Company (BPC) yesterday said its original agreement with the Government effectively gave this nation a 50/50 profit split if it discovered commercial quantities of oil, adding that its investors were putting “hundreds of millions of dollars” at risk.
Elites only?
SO what does it take to be a successful candidate in a Bahamian election?
Making a splash at Dunkin' for Boobies
RADIO House’s fourth annual cancer fundraiser “Dunkin’ for Boobies” yesterday raised more than $10,000 as willing participants took the plunge on Shirley Street.
Valerie Nesbitt named Panhandle Conference first team selection
NATIONAL team standout Valerie Nesbitt was awarded with a postseason accolade following her first season of collegiate basketball for Chipola College.
National baseball stadium field ‘will be world class’
AS baseball at all levels continues to take centre stage in the country, the timeline for completion of the much maligned Andre Rodgers National Baseball Stadium faces another possible delay.
To Sir Sidney . . .
TRIBUTES continue to pour in for beloved Bahamian actor and former ambassador Sir Sidney Poitier, who celebrated his 92nd birthday yesterday. Tribune reporter Denise Maycock recalls his visit to Grand Bahama in the late 1990's, and canvasses Bahamians from all walks of life on his impact.
And now for the weather on Mars, courtesy of new NASA lander
And now for the weather on Mars: NASA’s newest lander is offering daily reports on the red planet’s frigid winter.
STATESIDE: Restlessness in the US over amount of aid to Ukraine
THERE’S been a lot of talk since the beginning of this year about American resolve.
Police call to resolve conflicts following latest murder
AFTER the country’s latest homicide on Thursday, press liaison officer Chief Superintendent Chrislyn Skippings urged residents to seek help in resolving conflicts so that fewer lives are lost this Christmas.