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PLP chair branded ‘delusional’ as debt ratio soars to 78%

Bradley Roberts was yesterday branded “delusional” for asserting that the Christie administration had “rescued the Bahamas from the brink of the fiscal cliff”, after it emerged that this nation’s debt-to-GDP ratio ended 2016 at 78 per cent.

Nassau/PI resorts in booking rebound

Bahamian resorts say they have already begun to see bookings rebound post Hurricane Irma, with one executive predicting an even bigger boost as travellers re-book.Ed Fields, Atlantis’s senior vice-president of public relations, told Tribune Business:

'I've never seen it like this before'

'I've never seen it like this before' By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Bahamas-based used car dealers have seen a significant drop off in business year-over-year, with one telling Tribune Business: "I've never see

General Post Office demolition underway

DEMOLITION of the General Post Office at East Hill Street began yesterday as part of efforts to modernise the downtown area.

Jones and BIH look to get in the win column

Jonquel Jones and her Bosnia and Herzegovina (BIH) side remain winless thus far at the FIBA Women’s Basketball World Cup.

Minister: 100-150% increase in Bahamians at the Pointe

The Labour Minister yesterday said the number of Bahamians employed on downtown Nassau’s Pointe project has increased by between 100 to 150 percent. Dion Foulkes, pictured, said: “I have received two reports recently, one from the Department of Labou

FIBA AmeriCup Qualifiers: Men's national basketball team players return to pro circuit

FOLLOWING last month’s home triumph at the FIBA AmeriCup Qualifiers, several men’s national basketball team players returned to the professional circuit and continued that momentum with their respective clubs. David Nesbitt continues his career in B

Bahamas on a roll at Pan Am Bowling Championships

The men’s team was the first to hit the lanes for Team Bahamas at the Pan American Bowling Confederation (PABCON) Championships being hosted in Cali, Colombia.

Irma hits 80% of Bahamas’ marina market

Bahamian marinas are concerned that Hurricane Irma’s strike on Florida could impact 80 per cent of their market, although most reported no storm-related damage themselves.

Moody’s warn COVID impact will remain beyond 2024

Bahamian economic output will not recover to pre-COVID-19 levels "until after 2024", Moody's has warned, in a stark illustration of the economic devastation unleashed by the pandemic.

Banks: 25% never verified Building Code compliance

The Central Bank is urging all licensees to ensure their offices can withstand a Dorian-type Category Five hurricane after 25 per cent said they had never confirmed Bahamas Building Code compliance.

Mixed fortunes for Bahamian pro basketball players in Europe and South America

This week produced varying results for Bahamian pro basketball players as their postseason runs continued in their respective leagues throughout Europe and South America.

NPBA: Specialists stop Rebels 93-85, Eagles Nest get 96-89 win over Elites

THE Uptown Cuts Specialists and the Leno Eagles Nest prevailed in the New Providence Basketball Association double header at the AF Adderley Gymnasium on Monday night.

Liquidators pledge recognition of $83m Alliance investments

One group of liquidators for an alleged multinational Ponzi fraud yesterday denied claims they would not recognise investors who placed $217 million into it via a Bahamian broker/dealer.

Jones has 19 points, 14 rebounds, Sun top the Wings 80-59

ARLINGTON, Texas (AP) — Jonquel Jones had a double double - 19 points and 15 rebounds - to help the Connecticut Sun beat the Dallas Wings 80-59 on Sunday.

$358m penalty for fraud with Bahamas 'alter ego'

A US judge has imposed a $358 million fine on the perpetrators of an alleged multinational fraud that he found employed a BISX-listed firm’s subsidiary as its “alter ego”.

Swift swimmers compete at Auburn

SIX Swift swimmers represented the Bahamas at the Auburn Masters Swimming Invitational. They won 13 races and had six second place finishes. The meet took place at the Auburn University swim complex that is to host the women's NCAA Championships next mont

PwC wins battle over liquidation of alleged fraud

A huge battle over who should wind-up an alleged multi-million dollar fraud, a case that has embroiled a BISX-listed company, has ended with the Supreme Court appointing a combination of PricewaterhouseCoopers (Bahamas) and the US receiver as liquidators.

Broker 'caused' to supply false financial details

The mastermind behind a $340 million Ponzi fraud allegedly “caused” a BISX-listed firm’s broker/dealer affiliate to issue “fabricated financial information” that resulted in the value of investors’ holdings being overvalued by almost $149 million.

Strong Bahamian presence at the AUS Championship

THE Atlantic University Sport conference championships will have a strong Bahamian presence after three teams clinched spots in the playoffs or top seeding over the weekend. The AUS Championship will be hosted February 28 to March 1 at the Scotiaban

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