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North Andros hotel hopes for 85% regatta retention
A North Andros hotel yesterday voiced hope that “at least 85 percent” of visitors scheduled to attend this weekend’s postponed homecoming will still come out when it is held later this month.
World record swim attempt from Eleuthera to Nassau underway
An Australian endurance athlete has started an attempt to achieve a world-record 80 mile swim in the open waters of the Bahamas.
A history of corruption
Let’s look back to the earliest times of when The Bahamas was discovered by Columbus…on behalf of the Spanish many of the original tribes of the Bahamas were taken as slaves to Mexico and other parts.
KPMG global chief: Bahamas must show off 'sophistication'
KPMG International's global head yesterday urged the Bahamas to forge "strong" bilateral investment treaty relationships with countries now targeted by global money managers, adding that it was "critical" for this nation to "demonstrate its sophistication" to the world.
Burrows, Wilson and Tigers pull off biggest upset of the season
THE Atlantic University Sport men’s basketball championship featured several Bahamian players in the conference tournament finale.
Airport advertising in Freeport take-off
Advertising has taken off at Grand Bahama International Airport, with 20 major spots sold in the last four weeks to leading Bahamian companies.
Jones posts 2nd double double of season
JONQUEL Jones scored 10 points in the fourth quarter and recorded her second double double of the season in a come-from-behind win for the Connecticut Sun.
Silver Airways adds two routes to Family Islands
A US airline has added two non-stop routes to the Family Islands from Orlando this past weekend.
Union boss: Cable staff set to take strike vote
A trade union leader yesterday said Cable Bahamas employees had agreed to take a strike vote, following Friday’s ‘sick out’ and increasing frustration over the company’s failure to conclude an industrial agreement.
Baha Mar eyes $12bn payroll
REAFFIRMING its commitment to a majority Bahamian workforce, a senior Baha Mar executive yesterday the $2.6 billion resort development would position the Bahamas for economic growth and activity over the next 20 years.
$25m initiative to reverse 85% small firm credit rejection
A $25m Inter-American Development Bank (IDB) loan is aiming to reverse an 85 percent rejection rate on small business financing applications, it was revealed yesterday.
GB airport take-off targeted for June 1
The government will take full control of Grand Bahama International Airport’s operations by June 1 following today’s handover of the facility’s ownership by Freeport Harbour Company.
Gov’t ‘reaching ceiling’ on debt
The Government may be reaching its debt limits given that such liabilities are now bigger than the economy, the Debt Advisory Committee’s head warned yesterday.
Oil price crash makes BPC ‘even more attractive’
The Bahamas Petroleum Company (BPC) yesterday said its exploration activities have been made “more attractive than ever” by the recent oil price crash, and it will “break even” with a much smaller oil field than previously thought.
Port, Hutchison inaction creates 'forgotten island'
The Grand Bahama Port Authority (GBPA) and its leading private sector partner, Hutchison Whampoa, have failed to meet their statutory commitments to market/develop Freeport, a senior attorney arguing their inaction had resulted in it becoming “the forgotten island”.
Debt 'pushing Bahamas' deeper into Third World
THE Bahamas has "pushed ourselves further into" the ranks of 'Third World' nations via the rapid rise in the national debt, with an International Monetary Fund (IMF) report warning this nation's 57.6 per cent debt-to-GDP ratio has passed the threshold at which it will act as "a drag" on its economic growth.
Nipped in the Bud: Brewery reversal over 40-year tie-up
Commonwealth Brewery yesterday suffered a reversal as the Court of Appeal sided with Budweiser’s global parent in the dispute over the termination of their 40-year Bahamian distribution deal.
IMF: Those with means pay more for health and water
THE Government can slash “unproductive spending” by $116.5m and, in so doing, boost key public services if Bahamians with means pay more for water and access to public healthcare.
Hitting Gov’t deficit target ‘increasingly complicated’
The Government will find it “increasingly complicated” to hit this year’s 75 percent deficit-slash target, a major global bank has warned, while predicting this will “shift the debate back to tax reform”.
Web shop slams GBPA taxation as ‘extortionate’
A web shop chain yesterday blasted its rivals for remaining “impotent” in the battle over who has regulatory responsibility for the industry in Freeport, while also slamming the Grand Bahama Port Authority’s (GBPA) “extortionate taxation” demands.
