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GB Power: $28m damage from Joaquin-type storm
A Joaquin-style hurricane would likely impose $28 million worth of repair costs on Grand Bahama Power Company (GBPC), with its top executive defending the ‘storm insurance’ charge it plans to levy on customer bills.
Bonded warehouses 'good business all around', say dealers
Auto dealers believe it will be “good business all around” if recent Customs visits mark the first step towards being able to establish bonded warehouses at their properties.Fred Albury, the Bahamas Motor Dealers Association’s (BMDA) president, said
MOXEY: STAFFORD SANDS BROKE THE STRANGLEHOLD OF WHITE RETAILERS
WHEN you enter the drawing-room of former parliamentarian Ed Moxey you know you’re entering into the space of a man who is at heart an archivist and a lover of history.
Record-breaking performances for Bastian, Evans
JOANNA Evans and Izaak Bastian produced new Bahamian and Bahamas Open national records to highlight the performances of the Bahamas Swimming Federation’s Final Time Trials for the CARIFTA Games at the Betty Kelly Kenning Swim Complex over the weekend.
‘Buddy’ Hield scores 22 for Kings in loss to 76ers
PHILADELPHIA (AP) — Joel Embiid got back to playing the kind of game he expects from himself and nothing like the worst game of his career two nights prior.
Receivers set aside $3m for Baha Mar preferential claims
Baha Mar’s receivers have set aside $3 million to pay potential preferred creditors of 17 companies that formed the ownership structure created by original developer, Sarkis Izmirlian.
Fiscal Council’s reports ‘not a flip of the switch’
A Fiscal Responsibility Council member yesterday said there was nothing sinister about the body’s delayed publication of two key reports, and asserted: “This is not a flip of the switch.”
Delinquent mortgage buyer gives insurer $8m ‘windfall’
A Bahamian insurer yesterday said it is targeting a 15 percent profit increase for 2022 once the $8m “one-off windfall” it enjoyed last year from its investment in a delinquent mortgage buyer is stripped out.
BISX-listed Fund ‘stabilises’ with commitments for $8m
The BISX-listed Bahamas Property Fund has “stabilised” occupancies and rental rates at its flagship property “for the first time” in almost a decade amid expectations its current $8m capital raise will be fully subscribed.
Looking to a future after Ingraham
SO Hubert Alexander Ingraham has been forced to exit, stage left – and just as his personality cult was kicking in big time.
$300m cruise port won’t be ‘a tourism Wal-Mart’
Nassau Cruise Port’s top executive says he is “absolutely” confident that its $300m transformation will increase visitor spending yields and lure more hotel guests downtown, adding: “We’re not creating a tourism Wal-Mart.”
$112m spent with 'no due process'
$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t
UPDATE: Govt won't allow BPL to impose late fee
THURSDAY AFTERNOON UPDATE: The Davis administration said it will not allow BPL to impose a late fee on the Bahamian people. It was only one of five considerations in a discussion to lower the company’s outstanding arrears, according to Acting Press Secretary Keishla Adderley at the OPM press briefing this morning. BPL also released a statement (left) saying it did not have plans to impose a late fee on its customers at this time.
$10m poultry investment in ‘Nassau-centric’ move
A $10m poultry farming project is aiming to “become more Nassau-centric”, with its investor yesterday pledging it remains committed once land and the incentives regime are agreed with the government.
600 jobs expected as Minnis signs heads of agreement for $300m Abaco project
A HEADS of Agreement was officially signed yesterday between the government and Tyrsoz Family Holdings Ltd for a $300 million residential resort and marina in South Abaco, which will allow for the creation of 600 construction jobs on the island. Not
Make COVID-19 ease 'permanent', PM urged
The Prime Minister was last night urged to make his latest COVID-19 relaxation "permanent" after he gave retailers on the brink of closure a last-minute reprieve that may enable their survival.
Ex-gaming minister: 'Ideal time' for lottery
The ex-minister who oversaw the web shops’ legalisation yesterday said it was an “ideal time” to introduce a national lottery, suggesting it could generate $150-200m per annum. Obie Wilchcombe, the former minister of tourism, while criticising the go
Go Team Bahamas!
Team manager Courtney Wallace said the Bahamas’ 80-member team is ready for the staging of the 2018 CARIFTA Games at the Thomas A Robinson National Stadium this Easter holiday weekend.The team went through a light workout session yesterday and is get
‘Taxes will increase to cover debt’
A leading Bahamian banker has warned that taxes will "increase significantly" to pay for the Government's COVID-19 spending, leaving individuals and businesses left with less money "for quite a while".
Dorian-hit firm: We will be 'stronger than ever'
A major Freeport retailer/wholesaler is aiming to “fully reopen” its building materials division tomorrow, as it pledged to rebound from Hurricane Dorian “stronger than ever before”.John Doherty, Kellys (Freeport’s) general manager, told Tribune Busi
