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2013: A year to remember in local sports
THE local sporting community includes Bahamians from every segment of the community. Everyone from weekend warriors to former collegiate and professional athletes were represented and collaborated to make 2013 a year to remember in local sports.
BPGA gears up for 50th National Pro Golf Championships
THE Bahamas Professional Golfers Association (BPGA) is gearing up for its 50th Year National Professional Golf Championships for men, women and senior men.
'No return' from Port's $250m property tax break
The Government was yesterday estimated to have “foregone” up to $250 million in real property tax revenues from Freeport over the past decade, a top accountant urging that there be “no blanket roll over” of the investment incentives expiring in 2015.
LPIA: 75% of Airport Authority staff return
Some 75 percent of Airport Authority staff were yesterday said to have returned to work at the Lynden Pindling International Airport (LPIA) following Monday’s strike action that the Supreme Court deemed illegal.
Insurers: Report ‘overstates’ NHI economic impact
The Bahamian insurance industry yesterday accused the Government’s key advisers of “overstating” the economic benefits from National Health Insurance (NHI) by failing to account for this nation’s strained fiscal position.
Banks to be ‘more hands on’ over $1bn bad loans
The Central Bank’s governor is expecting commercial banks to make a “more hands on” effort to tackle their $1 billion non-performing loan pile.
Cruise tourism jobs 'simply evaporated'
A Cabinet minister yesterday conceded all cruise tourism-dependent jobs have “simply evaporated for the time being” as he revealed that one major line suggested the industry might not relaunch until mid-November.Dionisio D’Aguilar, minister of touris
BOB ‘reputation’ boost from $15m repayment
Bank of The Bahamas believes it will boost its “reputation and creditworthiness” by repaying its last $15m in preference share debt, and declaring an interest dividend, before year-end 2018.
Union withdraws Atlantis strike vote
The hotel union’s threatened Atlantis strike vote has been withdrawn, its president confirmed yesterday, adding that he was now focusing on securing a new industry-wide industrial deal.
Buddy Hield named third-team All-American
HIS star-studded junior season came to an end prematurely in the East Regional Semi-finals, but despite his reputation as one of the top players in the NCAA, Buddy Hield has no immediate plans to enter the NBA Draft.
$100m Cable offer oversubscribed on its launch day
Cable Bahamas’s $100 million preference share issue was oversubscribed on its first day, but Bahamian institutional investors were yesterday urged to continue buying in as the company will “take what it can get”.
Aliv gets 13,000 ports at 'accelerated pace'
THE Bahamas’ second mobile provider yesterday predicted it will complete its nationwide roll-out “well ahead” of target, having attracted 13,000 subscriber ‘ports’ at an “accelerating pace”.Damian Blackburn, Aliv’s chief officer, told Tribune Busines
'Big jump' over VAT realty submissions
The government’s requirement that all documents for “stamping” on New Providence be submitted via e-mail from August 1 was yesterday described as “a big jump” by practitioners. Attorneys, speaking on condition of anonymity, questioned whether 20 day
Rattlers bite up Cobras 53-33, Falcons nip Mystic Marlins 38-37
IT was mixed results for the visiting Grand Bahamian teams and the defending champions CC Sweeting Cobras as the 35th Hugh Campbell Basketball Classic swung into high gear at the AF Adderley Gymnasium on Wednesday night.
Munroe signals aim to speed up court cases
GOVERNMENT is seeking to reintroduce the Swift Justice programme to help speed up court cases, National Security Minister Wayne Munroe said yesterday.
INSURANCE BROKERS: OVER 25% TO 'FALL OFF'
By NEIL HARTNELL Tribune Business Editor More than 25 per cent of all existing Bahamian insurance brokers and agents are unlikely to be licensed under the new Act governing the sector, the Insurance Commission told Tribune Business yesterday. Arvind Bagh
Electricity cost rise ‘pretty dangerous’ for economy
Bahamian businesses yesterday warned any increase in electricity costs will be “pretty dangerous” for an economy still recovering from COVID-19’s devastation, although some said spiking global oil prices make such a hike “inevitable”.
THREE STRAIGHT: Another victory for Kentucky Wildcats
Kentucky’s depth has been on full display during the Big Blue Bahamas Tour as the Wildcats rolled to another win yesterday over the Puerto Rican national team reserves.
Man fined $7,000 for dealing in marijuana
A man was ordered to pay $7,000 or face two years in prison after he pleaded guilty to drug possession in the Magistrate’s Court yesterday.
Companies will 'feel the Business Licence change'
The prime minister yesterday pledged corporate Bahamas will receive “prompter service and less bureaucracy” when they submit business licence filings and payments in the New Year.
