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Environmental nod 'huge milestone' for oil explorer

A Bahamas-based oil explorer yesterday hailed the receipt of all necessary environmental approvals from the government as “a massive milestone” towards drilling its first exploratory well.Simon Potter, pictured, the Bahamas Petroleum Company’s (BPC)

Biodiesel firm is 'coiled spring ready to explode'

A Bahamian biofuel producer yesterday described itself as “a coiled spring ready to explode” with ramped-up sales after four painstaking years of perfecting its product. Scott Metcalf, Bahamas Sustainable Fuels’ general manager, told Tribune Busines

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BPL chief refutes generation deal ‘madness’ claim

Bahamas Power & Light (BPL) yesterday defended its hiring of an extra ten megawatts (MW) of expensive diesel-burning generators from fierce union criticism that it “makes no sense”.

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Health levy hits wages Jan 2020

THE proposed amendment to the National Health Insurance programme is expected to be enacted between April and July 2019, with employers making employee mandated contributions by January 2020, according to NHI Authority chairman Dr Robin Roberts.

Insurers 'sorry' for 15% hike . . . but it's worth it

Major Bahamian insurers yesterday warned property owners they face “a minimum” 15 percent premium rate rise in 2020 with Dorian-related claims set to hit peak estimates of $2bn. Patrick Ward, Bahamas First’s president and chief executive, told Tribu

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AG to web shops: ‘Time to pay up’

The Attorney General yesterday warned the web shop industry it was “time for lawful taxes to be collected”, and said of the Government’s stance: “We’re ready to go to war.”

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Burning up the track with sprinter Daejha Moss

IN Nassau, Bahamas, the temperature is currently in the mid-80s with the sun blaring down on the city’s inhabitants. Add to that, blistering humidity and low wind speeds too. That Bahamian climate remains the same year-round (mostly) with the coldest day dropping to maybe the low 50s (the country’s lowest recorded temperature is 41 degrees set in 1981).

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'Tremendous' turnout at Fusion Superplex job fair

NEARLY 1500 job-seekers turned up to the Fusion Superplex entertainment venue yesterday, as the company seeks to fill up to 80 part-time and full-time openings.

Central Bank asked Gov't for $400m 'reserves boost'

The Central Bank of the Bahamas asked the Government to undertake $400 million worth of foreign currency borrowing this fiscal year to alleviate concerns over a “steady decline” in external reserves.

Exemption elimination saves Super Value $7m

Super Value’s owner yesterday confirmed the decision to ‘exempt’ no goods from Value-Added Tax (VAT) would save his company $5-$7 million in extra costs per annum, with the sector’s “biggest objection” to the new tax now removed.

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DIANE PHILLIPS: Swimming - when sport becomes survival

IN the darkness of pre-dawn, when most of us are pulling the covers over our heads finding a perfectly good excuse to snuggle right where we are for a few more minutes, Percy Knowles is preparing for his morning routine, the same as he has done for decades.

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One shop left open as Bet Vegas closes doors

WEB shop chain Bet Vegas closed 10 of its 11 gaming houses yesterday after being ordered to “shut down all operations” by December 7 by the Gaming Board.

UN speaker at Hilton event

ROTARY International’s chief representative at the United Nations in New York will be the guest speaker at an event at the British Colonial Hilton on February 21 under the patronage of Governor General Sir Arthur Foulkes.

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Jones: ‘We’re still young, still hopeful for the season’

LIKE most highly touted rookies, Jonquel Jones is facing an adjustment period in her rookie season of WNBA basketball.

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No.19 pick Kai Jones posts double double in ‘sensational’ NBA Summer League debut

KAI Jones had an immediate impact on the Charlotte Hornets organisation and made the league take notice with a sensational NBA Summer League debut.

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Veteran’s family left ‘trapped’ in wake of Hurricane Joaquin

HURRICANE displaced families remain handicapped by the devastation wrought in last month’s category four storm as they struggle to care for disabled or elderly dependents.

Cable: 'We've satisfied all of our obligations'

Cable Bahamas has met all the obligations mandated by the Bahamian governnment, a senior executive telling Tribune Business the BISX-listed communications provider injected $50 million back into the economy annually.

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'Thousands' expected to attend Regatta in Morgan's Bluff

THE All Andros and Berry Islands Regatta committee looks to galvanise support for July’s event as they expect thousands to patronise the upcoming 26th edition, July 5-7 in Morgan’s Bluff, Andros. Twenty sloops are expected to compete and highlight t

Bahamian players shine in the NCAA

CONFERENCE play continues throughout NCAA Division I with several Bahamian players in action over the weekend.Travis Munnings continues his productivity and his back-to-back 20 point games helped the UM Warhawks recover from a four-game losing streak

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Lumberjacks’ Nathan Bain has season to remember

GRAND Bahamian Nathan Bain had a season to remember as his collegiate career came to an end with the Stephen F Austin Lumberjacks men’s basketball team just before the cancellation of the prestigious March Madness men’s basketball tournament.