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Oil explorer: We’ve got tourism, fishing covered

A Bahamas-based oil explorer yesterday reassured that the insurance coverage for its first well will cover any tourism or fisheries losses “in the highly unlikely event” of any spill or environmental impact.

UPDATED: Hurricane Dorian could intensify into Category Four storm

HURRICANE Dorian could intensify into a “very damaging” 156mph Category Four storm that lingers for hours in the Bahamas, according to AccuWeather senior meteorologist Dan Kottlowski Thursday.

IMF calls for harsher Bahamian austerity

The International Monetary Fund (IMF) yesterday warned that the Government must impose harsher austerity measures on the Bahamian people to hit its 50 percent debt-to-GDP target by 2030.

Small business faces $180m 'finance gap'

The Bahamas faces a $180m “finance gap” in providing capital to small businesses, the Inter-American Development Bank (IDB) has revealed, as its project covers just 17 percent of demand. The multilateral lender, in documents detailing its $25m initi

Gov't 'good faith' key to Brewery's 100-job growth

Sands Beer’s manufacturer yesterday said its planned $15 million growth strategy, which could more than double its workforce via the creation of “over 100” jobs in the next five-10 years, depends on the Government maintaining the ‘tax advantage’ it holds over its BISX-listed rival.

Joaquin damages grow to $100m

Prime Minister Perry Christie yesterday said Hurricane Joaquin damage estimates had increased to $100 million, as he pledged to explore whether insurance could further help the Bahamas recover from such storms.

Alarm over drop in water level at sanctuary

THERE is growing concern over the unexplained huge drop in water level of a pond which is considered to be an important wetland and wildlife sanctuary in the Lucaya area of Grand Bahama.

How to slash 35% of your energy bill

According to the US Department of Energy, 35 per cent of the average home’s electricity bill is generated from water heating. Reducing this will make the Bahamas a little greener, and save money.

Work stopped at The Pointe

FORMER Deputy Prime Minister Brent Symonette yesterday called for the country’s executive leadership to resign after it was revealed that developers of the $250m The Pointe resort had overstepped approved works and were issued a stop order from the Ministry of Works.

Bran says he wants another chance in Bamboo Town

DNA Leader Branville McCartney yesterday urged voters in the Bamboo Town constituency to give him another opportunity to represent them, as he suggested that the current area representative Renward Wells has undermined their trust.

S&P downgrade a ‘wake-up call’

The Central Bank’s governor yesterday said Standard & Poor’s (S&P’s) August downgrade of the Bahamas’ sovereign credit rating to one notch above ‘junk’ status was “a wake up call”, not a “seismic event”.

Valentine’s dinner for disabled in Grand Bahama

ABOUT 100 disabled persons on Grand Bahama gathered at the Foster Pestaina Hall on Thursday evening for a Valentine’s dinner and spiritual fellowship organised by Charity activist Grace Shepherd.

Just 12% of mortgages finance 'new buildings'

New Central Bank of the Bahamas date has provided a further insight into the sluggish home construction market, with just 12 per cent of mortgage applications involving 'new builds'.

Hield cans career high 33, ‘Tum Tum’ and Spartans top Huskies

It was an historic feat in Bahamian basketball with the latest release of the NCAA rankings when Lourawls “Tum Tum” Nairn Jr and the Michigan State Spartans were ranked No.1 while Buddy Hield and the Oklahoma Sooners were ranked No.3.

Decay and disrepair at International Bazaar

THE International Bazaar – once the heart and soul of Freeport - has lost its allure and has fallen into a state of disrepair.

Businesswoman infuriated at poor Immigration service

CEVA Seymour, operator of Regions, is so fed up and frustrated with the inefficient, slow and poor service concerning the processing of applications for naturalisation and citizenship at the Department of Immigration that she has stopped accepting further applications.

Age ain’t nothing but a number at the Geriatric Hospital

THE staff at the Geriatric Hospital, located at the Sandilands Rehabilitation Centre, are proud of 50 years of service and achievements, and are preparing to host a series of events for the remainder of the year in celebration of the milestone anniversary.

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