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Privatisation can 'hold Bahamas to ransom'

A leading activist yesterday urged the Government not to privatise the energy and water industries on the grounds that foreign buyers could "hold the Bahamas to ransom", adding that this nation had "not begun to s

Phil's: 'Enough to go around' in food retail

THERE'S "enough to go around" in the food retail business for everyone to turn a profit, according to Phil Lightbourne, owner of the Gladstone Road-based food retailer/wholesaler Ph

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AML chair: three food retail players likely to survive

By NEIL HARTNELL Tribune Business Editor The Bahamian food retail market will ultimately be dominated by just three major players, AML Foods' chairman telling Tribune Business in the wake of Robin Hood's demise that consolidation was "inevitable". Dionis

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Miller confident on Robin Hood replacement

By NEIL HARTNELL Tribune Business Editor Robin Hood's landlord yesterday told Tribune Business he is extremely confident about finding a replacement tenant for the closing retailer, describing the Summerwinds Plaza location as "second to none" and "the b

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ARAWAK SHARES OFFER 'MAY BE ILLEGAL'

ARAWAK SHARES OFFER 'MAY BE ILLEGAL' By KHRISNA VIRGIL kvirgil@tribunemedia.net THE terms of the government's Arawak Port Development share offer to civil servants could be illegal, according to independent candidate for Garden Hills Paul Moss. In an ef

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'LOT OF ABUSE' IN WELFARE SYSTEM

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamas' social security system has been subjected to "a lot of abuse", the minister responsible has admitted, acknowledging that welfare assistance was not always being given t

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FUND 'BELOW PAR' AFTER 50% VACANCY CUT FAILURE

By NEIL HARTNELL Tribune Business Editor The Bahamas Property Fund's failure to cut the 20 per cent vacancy rate at its flagship Bahamas Financial Centre by half meant its 2011 performance fell "slightly below expectations", although last May's Bahamian

Tottenham beats Villa 2-0, rises to third in league

LONDON (AP) -- Emmanuel Adebayor scored twice on Monday as Tottenham beat Aston Villa 2-0 to rise to third in the Premier League by extending its unbeaten streak to nine matches, including eight victories. Tottenham manager Harry Redknapp made his first ap

Source: Gordon agrees to max deal with Suns

PHOENIX (AP) -- Restricted free agent guard Eric Gordon has agreed to a four-year deal with the Phoenix Suns worth about $58 million, a person familiar with the talks told The Associated Press. The New Orleans Hornets have the right to match the deal and k

Croatia beats Ireland 3-1 at Euro 2012

By PAN PYLAS Associated Press POZNAN, Poland (AP) -- Playing in a difficult group with Spain and Italy, it's Croatia at the top. The Croats took advantage of a frail Ireland defense to win their opening match at the European Championship, getting two goal

UKRAINE BEATS SWEDEN 2-1, FRANCE DRAWS 1-1 WITH ENGLAND

By MATTIAS KAREN AP Sports Writer KIEV, Ukraine (AP) -- Andriy Shevchenko trumped Zlatan Ibrahimovic on Monday, scoring two great headers to give Ukraine a 2-1 win over Sweden at the European Championship. After Ibrahimovic had given Sweden the lead in th

Cable produces 37% profit rise

Cable produces 37% profit rise Cable Bahamas yesterday unveiled a 37.4 per cent net income increase to $6.339 million for the 2012 first quarter, up from $4.614 million during the same period in 2011. The growth was driven by a 23.5 per cent revenue rise

Mexico beats Brazil 2-0 in qualifying warm-up

ARLINGTON, Texas (AP) -- Giovani Dos Santos and Javier "Chicharito" Hernandez both scored in the first half as Mexico beat Brazil 2-0 on Sunday in a final warm-up for the Mexicans before World Cup qualifying. It was the second straight game in which Mexico

Atletico Madrid wins Euro league title

BUCHAREST, Romania (AP) -- Radamel Falcao decided the Europa League final for the second year in a row, scoring twice in the first half Wednesday to lead Atletico Madrid to a 3-0 victory over Athletic Bilbao in an all-Spanish matchup. Atletico captured its

Federer, Nadal and Williams sisters advance

By ANDREW DAMPF AP Sports Writer ROME (AP) -- Fresh off a title in Madrid and back at No. 2 in the rankings, Roger Federer defeated Carlos Berlocq 6-3, 6-4 in his opening match at the Italian Open yesterday. Seeking to win one of only three Masters 1000 e

Djokovic reaches the quarterfinals

By ANDREW DAMPF AP Sports Writer ROME (AP) -- Top-ranked Novak Djokovic overcame a poor first set and a smashed racket to beat Juan Monaco 4-6, 6-2, 6-3 and reach the Italian Open quarterfinals yesterday. Also through at Foro Italico were five-time Rome c

In heavy rain, Sharapova beats Li Na to retain Italian Open title

By DANIELLA MATAR Associated Press ROME (AP) -- Maria Sharapova successfully defended her Italian Open title Sunday, beating Li Na 4-6, 6-4, 7-6 (5) in a wild match in which play was twice interrupted by rain and the red clay turned to mud. "The match was

BFSB makes Landfall in Miami and Europe

BFSB makes Landfall in Miami and Europe The Bahamas Financial Services Board's (BFSB) main promotional event is set to make Landfall in Europe and Miami in June, as it seeks to educate intermediaries and their high net worth clients on what this jurisdi

Bank bulish on earning figures

Bank bulish on earning figures Commonwealth Bank recently reported their earnings for the first quarter of 2012. Executive chairman William B Sands Jr announced that the bank's Comprehensive Net Income for the 3-month period ended March 31, 2012 was $12

ROYALSTAR INVESTORS GET '200% PAY OUT'

By NEIL HARTNELL Tribune Business Editor RoyalStar Assurance is expecting to generate a $2-$3 million net profit for 2011 despite enduring a tough year, its managing director yesterday saying the company had to-date "paid out almost 200 per cent" of the