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Group business would 'allow higher hotel room yield'

THE Nassau Paradise Island Promotion Board (NPIPB) is hoping to make the group business segment 20 per cent of its total business, a board executive telling Tribune Business that this would ultimately allow hotels to achieve a higher room yield.

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Grand Bahama electricity costs 40% below rest of Bahamas

Grand Bahama’s electricity costs will be 40 percent lower than Nassau’s and the rest of The Bahamas during the 2023 summer peak after the island’s utility locked in fuel costs at 12-14 cents per kilowatt hour (kWh).

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80 test positive for TB exposure

MORE than 340 people living in two shelters for Hurricane Dorian victims have been screened for tuberculosis - 80 of them with positive skin tests, according to Health Minister Dr Duane Sands yesterday.

Fortify coast for economic growth

The Bahamas’ growth and economic diversification “depend” on fortifying its coast against natural threats, the Inter-American Development Bank (IDB) noting that 60 per cent of its gross domestic product (GDP) is generated by these areas.

Resort aims to bridge 36% T&C rates gap

An Exuma-based resort yesterday said it is striving for “five-star rock star” performance to match high-end Turks & Caicos rivals and bridge a 36 percent room rate gap.

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Buddy Hield scores 15 in 99-94 loss to the Hawks

NEW ORLEANS (AP) — Bahamian Buddy Hield scored 15 points last night but the Atlanta Hawks beat the New Orleans Pelicans 99-94 to win their fifth straight, even as shooting guard Kyle Korver spent the entire game on the bench amid reports he could be traded.

Blackout had 'serious effects' for Atlantis

ATLANTIS President and Managing Director George Markantonis said yesterday the mass power outage had some serious effects on the Paradise Island resort’s operation.

NAD sees 5% passenger traffic fall over Christmas

OUTBOUND passenger traffic from the Lynden Pindling International Airport (LPIA) into the US over the Christmas holiday period decreased 5 per cent year-over year, according to airport operator, the Nassau Airport Development Company (NAD).

NPSA: Top 20 batters in the spotlight

MICHAEL ‘Vida’ Ingraham and Rudy Fox would have probably preferred to transfer their explosive regular season batting average for a chance for their Chances Mighty Mitts and Iradez Hitmen respectively to play for the New Providence Softball Association’s championship crown.

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‘Very little impact’ at immigration

INDUSTRIAL action by Customs and Immigration officers yesterday had “very little” impact on daily operations, according to the heads of both government departments.

UB Mingoes knock off Pirates 85-80, Bucket top Elite 113-104

THE Aliv Bucket and the University of the Bahamas Mingoes pulled off the New Providence Basketball Association’s double header played on Monday night at the AF Adderley Gymnasium.

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Funerals and last rites for Saturday, September 29 and Sunday, September 30.

Cable predicting 130% profit growth to 2018

Cable Bahamas is forecasting that net income will increase by 130 per cent over the next five years as a result of its Florida expansion, with its US interests ultimately accounting for one-third of its bottom line.

Broker ‘acted in good faith’ on $400m fraud

A BISX-listed company’s principal, and its main broker/dealer subsidiary, are demanding that a US federal lawsuit against them be dismissed because they “acted in good faith and did not receive ill-gotten profits” from an alleged $400 million financial fraud.

Bahamas has ‘best VAT in the world’

A leading food retailer said the Government eliminated the Value-Added Tax (VAT) “nightmare” by drastically reducing the proposed exemptions, adding: “We have the best VAT in the world.”

Bahamas world's fourth largest IFC at $595bn

The Bahamas is the fourth largest international financial centre by assets, it was disclosed yesterday, with the $595 billion held by this nation’s financial institutions equivalent to 96 times’ gross domestic product (GDP).

Ex-finance minister says income tax 'stable' choice

An ex-minister of state for finance yesterday backed income tax as a more "stable" and equitable alternative to the present regressive structure that is dominated by VAT and import duties.

MLB: Lucius Fox on short list of highly touted prospects

WHEN Lucius Fox reclassified as an international free agent in late April, the Bahamian star on the diamond became one of the most sought after Major League Baseball prospects for the summer transaction period.

Peter Galanos dies, aged 80

FORMER parliamentarian and insurance businessman Peter Galanos died at his home early yesterday morning at the age of 80.

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Deadlock for Mingoes and Shockers – with decider to come

The University of the Bahamas Mingoes let the JD’s Seafood Shockers have the lead in their game only once—and that was in the opening two minutes at 2-1. The Mingoes knew they had to not only win this second game of the best-of-three series to stay alive but had to also send a statement.