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Winning $62.5m bid leaves Cable poised to dominate market
Cable Bahamas was last night poised to become the Bahamas’ most dominant communications provider, after its $62.5 million spectrum bid helped to see off its last remaining rival for the country’s second mobile licence.
Bahamas tops Caribbean for LA, Houston tourists
The Bahamas is the most sought-after Caribbean destination among US west coast and central markets for a leading travel website’s clients, with this nation urged to “tell the story” of its individual islands and create an ‘urgency’ to visit.
BTC roaming rates ‘12x higher’ than Caribbean
The Bahamas Telecommunications Company’s (BTC) controlling shareholder yesterday said it had little choice but to slash roaming rates that were 12 times’ higher than the Caribbean average, a move that caused a 9 per cent slump in its total mobile revenues.
AML's $17.75m refinance to slash interest costs
AML Foods is aiming to slash its annual debt servicing costs by more than $220,000 via the refinancing of its existing $17.75 million preference share debt, its chairman confirmed yesterday.
‘What a tangled web we weave’
The Democratic National Alliance’s (DNA) leader says the Bahamian people “cannot let go” the Renward Wells ‘Letter of Intent’ (LOI) because they are “the biggest losers” from the saga.
‘Wells was sacrificed in letter of intent row’
FORT Charlotte MP Dr Andre Rollins went back on the offensive yesterday accusing the Christie administration of sacrificing Bamboo Town MP Renward Wells in the letter of intent controversy in a bid to protect senior party members who orchestrated the signing.
WORLD VIEW: Haiti at the tipping point of becoming fully hostage to criminals
HAITI continues to occupy the concerns of nations around the world, especially its closest neighbouring states.
RBC chief pledges company account opening upgrades
Royal Bank of Canada's (RBC) top Bahamas executive yesterday pledged to address the challenges encountered by Family Island business clients when it comes to opening corporate bank accounts.
COVID-19 sparked $200m private pension drawdown
Financially-stricken Bahamians drew down on more than $200m in private pension savings to ensure they survived COVID-19’s devastating economic impact, a financial executive revealed yesterday.
Agreement for $100m sale of Grand Lucayan Resort
ELECTRA America Hospitality Group has made a $100M purchase offer for the Grand Lucayan Resort at Grand Bahama.
‘Buddy’ headlines training camp for Sr Men’s National Team
MIAMI, Florida — The Bahamas senior men’s national basketball team is back on the path toward FIBA World Cup 2023 qualification and that journey began in earnest this week with an offsite training camp.
Playground politics
THE Progressive Liberal Party attacked the former government’s performance with great success in the run-up to the election. But now that they hold the reigns, Christie and Co find themselves reverting to schoolyard tactics in an attempt to justify adopting some of the very actions they condemned. Insight reports...
$50m project to 'strongly target international market
More than $50 million will have been invested into an eastern New Providence real estate development by year-end, its chief executive telling Tribune Business
‘Barely scratching surface’ on Sand Dollar’s adoption
The Bahamas is “barely scratching the surface” of the Sand Dollar’s potential, payment providers asserted yesterday, with the digital currency needing more “high traffic” merchants to accept it to drive adoption.
Team Bahamas named for 4th Caribbean Baseball Cup
Team Bahamas is ready to take on the region at the 4th Caribbean Baseball Cup.
Downgrade forces NAD debt reserve ‘doubling’ to $38m
The Nassau Airport Development Company (NAD) has been forced to double its debt reserve to $38 million after losing its ‘investment grade’ credit rating, the Minister of Tourism revealed yesterday.
Tourism Minister's 'concern' at airport security demands
The Minister of Tourism yesterday admitted that the short timeline given to meet enhanced US aviation security demands was “causing concern”, with the greatest impact likely to be felt at Family Island airports.Dionisio D’Aguilar told Tribune Busines
Water Corp’s $159m subsidy driven from 2/3 ‘cost recovery’
The Water & Sewerage Corporation’s revenues cover just two-thirds of its operating expenses because its prices have not been increased for 18 years, costing Bahamian taxpayers $159 million over a five-year period.
Consumer chief to banks: ‘We can’t take all of this’
The Consumer Protection Commission’s chairman is openly questioning whether Bahamians benefit from foreign-owned banks, and urged this country to “get to the position where we say enough; we can’t take all of this”.
Lucayan chair slams 'nasty, torturous' close
The Grand Lucayan’s chairman yesterday accused Hutchison Whampoa of displaying “a lot of bad faith” over the $65m deal’s closing, branding negotiations as “nasty and torturous”.Michael Scott, chairman of Lucayan Renewal Holdings, the Government-owned
