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Bahamas branded ‘debt crisis victim’
The Bahamas’ ‘junk’ downgrade has drawn sympathy from a religious development coalition, which says this nation’s fate highlights the need for structured processes to resolve “financial crises”.
Nassau hotels hit 34% room revenue increase
New Providence hotels saw average room rates for the four months to end-April hit the $300 mark as Easter added further fuel to the year-to-date 34 percent increase in room revenue. The Central Bank’s report on monthly economic developments for May
Governor: Use $200m for Dorian rebuilding
The Central Bank’s governor yesterday urged Dorian-ravaged businesses and homeowners to draw down on “at least $200m” in unused reinsurance funds to finance rebuilding, adding: “The economy will be better off.”
Landfill ‘chaos’ hurts waste disposal sector
Waste disposal companies were forced to offload garbage on their properties, the Chamber’s chief executive revealed yesterday, after the New Providence landfill cut opening hours and dramatically increased wait times over the peak Christmas period.
Caribbean Bottling: Quality control issues ‘unbelievably strange’
Caribbean Bottling Company described as “unbelievably strange” the quality control issues it has experienced with a specific batch of its 12-ounce Schweppes Ginger Ale cans, electing not to produce any more until the problems are resolved.
New expansion to boost 5-10% MLS growth rate
The Bahamas Real Estate Association (BREA) yesterday said it was “over the moon” with the latest global expansion for its Multiple Listing Service (MLS), adding that this would increase the latter’s current 5-10 per cent membership growth rate.
Gov't: FATCA system bids peak at $63m
The Government yesterday said it has received bids costing up to $63 million for its Foreign Account Tax Compliance (FATCA) reporting system, which will process US client records from 2,000 financial services providers.
Bahamian fishing vessels top region for productivity
BAHAMIAN fishing vessels are the most productive in the Caribbean due to the “high market value” of crawfish and their other catches, a study has revealed, although less than 18 per cent of the industry’s workforce has received formal fisheries training.
Court affirms 12-year sentence for sexual assault of minor, abetment to abortion
THE Court of Appeal has affirmed the conviction and 12-year sentence of a man who a Supreme Court jury found guilty of sexually assaulting a minor and aiding her into a forced abortion.
Lucayan managers in new ‘reasonable’ proposal to govt
The Grand Lucayan’s managerial union is seeking a ministerial meeting early this week after submitting a “reasonable” offer to resolve the long-running payout impasse.
‘Mickey Mouse governance’ is Wells LOI price
The Bahamas has been “left in a Mickey Mouse state of governance” by the continuing silence over the Renward Wells Letter of Intent (LOI) controversy, the DNA’s ex-leader blasted yesterday.
Gift for the elderly - with love from Island Luck
ELDERLY residents at Unity House enjoyed Valentine’s Day as the Island Luck Cares Foundation hosted its sixth annual Valentine’s luncheon for the residents yesterday.
Compass Point owner 'speaks for 85% of us'
Compass Point’s owner is speaking for “85 percent of business persons in The Bahamas”, the DNA’s ex-leader asserted yesterday, adding: “I sympathise with him big time.” Branville McCartney told Tribune Business that Leigh Rodney’s decision to go pub
Sports Notes
THE Baptist Sports Council is scheduled to continue its 2015 Softball Classic in the Banker’s Field at the Baillou Hills Sporting Complex this week.
Sports notes
THE New Providence Oldtimers Softball Association is slated to return to action over the weekend of November 7-8.
Scientists shocked by foot-long sea creature in Bahamian waters
SCIENTISTS at the Cape Eleuthera Institute received the shock of their lives when they discovered that the teeth marks that almost gnawed through the cables of an underwater camera system belonged to a massive woodlouse.
Long Island boats dominate King Eric Gibson All-For-One Regatta
THE third annual King Eric Gibson All-For-One Regatta over the weekend in Montagu Bay was dominated by the boats from Long Island in all three catergories.
Hotels report ‘very positive business’
BAHA Mar’s forward bookings for the 2018-2019 winter season were described yesterday as “very positive” and “much better than last year”.
The Majors: Jazz plays for Marlins
JAZZ Chisholm was the latest Bahamian to crack the Major League when he came out of the dugout to play for the Miami Marlins last night.
Antoan Richardson first base coach for upcoming season
ANTOAN Richardson achieved another career milestone for the San Francisco Giants and another landmark moment in Bahamian baseball history.
