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‘High time’ GBPA is listed on BISX
An outspoken QC yesterday said it was “high time” the Grand Bahama Port Authority (GBPA) was returned to public ownership via a listing on the Bahamas International Securities Exchange (BISX), as concerns rise over Freeport’s “discombobulated” economy.
BEC bills won't show 25% oil price decline
Hard-pressed Bahamian energy consumers will not reap the benefits from a 25 per cent drop in global oil prices because BEC’s fuel supplier has it “by the balls” over its $130 million debt.
Call termination cuts ‘a beautiful thing’
A rival telecommunications provider yesterday said it was “100 per cent behind” plans to cut the Bahamas Telecommunications Company’s (BTC) call termination rates by up to 60 per cent, telling Tribune Business the proposed 2 cents per minute slash for 2013 was “a beautiful thing”.
Port-fighting family in $46.5m GB exit
A Florida-based family who engaged in a bitter public battle with the Grand Bahama Port Authority (GBPA) and its affiliates have put all their Freeport interests up for sale with a $46.5m asking price.
December air arrivals up 13% on pre-COVID
Stopover visitors for December 2022, which included the peak Christmas and New Year's tourism period, more than doubled year-over-year to beat the industry's pre-COVID performance by almost 13 percent.
Top KC sounds ‘dark side of Bahamianisation’ alarm
A PROMINENT KC yesterday sounded the alarm over the “dark side of Bahamianisation” for breeding mediocrity based on “a sense of entitlement”.
Groundbreaking as MSC aims to bring passengers to Bimini
THE expansion of the MSC Bahamas brand continued yesterday as the world-renowned cruise and shipping company broke ground on its multi-million dollar Ocean Cay development, which is expected to bring in 369,000 stop-over cruise passengers to the Bimini chain annually.
FNM deputy: Labour law reforms could ‘unbalance’ economy
The FNM’s deputy leader yesterday warned that the Government’s latest labour law reforms threaten to upset the delicate balance between protecting Bahamian workers and the need for jobs and economic growth.
Confidence ‘baby steps’ key to GDP growth cure
Confidence-building “baby steps” are required to break the Bahamian private sector out of its “entrenched status quo” following a decade of growth “flat-lining”, an international economist argued yesterday.
Insurer 16-17% ahead of target if no Matthew
A Bahamian general insurer yesterday said it would have beaten 2016 profit forecasts “by 16-17 per cent” had it not been for Hurricane Matthew, which blew gross claims 69.4 per cent higher than its previous record.
Dismal start to the year for Port Lucaya Marketplace
The Straw Markets are closed and there are no visitors buying authentic souvenir straw crafts or browsing the stores and eating in the restaurants at Port Lucaya Marketplace - making it a dismal start to 2021.
Bahamas 'must adapt' to global integration
THE country must adapt to global integration or lose out on its chance at a “Bahamian renaissance,” Immigration and Trade Minister Brent Symonette suggested yesterday.In a speech to open the Bahamas Economic Outlook conference, Mr Symonette said as a
Lawful killings: Officers justified in shooting two men dead
THE jury in a coroner’s inquest into the shooting deaths of Jeffrey Smith and John Aristotle found yesterday their deaths were “lawful” and committed in “self-defence”.
Price regulators back ‘no gouging’ on eggs
Consumer protection regulators have confirmed there is no “price gouging” on eggs despite complaints that costs have doubled in just two weeks.
Davis: Health minister must take role seriously
PROGRESSIVE Liberal Party Leader Philip “Brave” Davis said yesterday the country’s healthcare sector could improve if Health Minister Dr Duane Sands took his role and responsibilities more seriously.Mr Davis made the observation yesterday during the
'Existential threat of climate change'
CLIMATE change is an “existential threat” to the environment, the economy and “life itself”, a former minister of state for finance has said. Zhivargo Laing, executive director of the University of The Bahamas’ Government and Public Policy Institute,
Caribbean Bottling yet to ‘dent’ 15-18% sales gap
Caribbean Bottling’s president yesterday said it has yet to “materially dent” the 15-18 percent gap with pre-COVID sales levels as he voiced doubts that the divide will close in 2022.
More Caribbean growth now on insurer’s ‘radar’
A Bahamian insurer says “there is something on our radar” for further Caribbean expansion as it bids to cut its reliance on this nation to just 55-60 percent of its annual business activity.
Arawak port’s profits beat forecast by $120k
The Nassau Container Port’s operator has beaten 2019 first-half profit expectations by $120,000 as it delivered on forecasts of a financial performance that will match 2018.
Shanty town report details terrible conditions faced by residents
MORE and more Bahamians are moving into shanty towns originally occupied by Haitian immigrants – prompting longtime dwellers to complain about deteriorating standards.
