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BAHAMAS REPORTED TO BE LESS CORRUPT THAN THE US
By DANA SMITH dsmith@tribunemedia.net THE Bahamas is less corrupt than the United States, according to a report released yesterday. Transparency International's Corruption Perceptions Index (CPI) ranks countries based on "their perceived levels of public
BAHAMAS REPORTED TO BE LESS CORRUPT THAN THE US
By DANA SMITH dsmith@tribunemedia.net THE Bahamas is less corrupt than the United States, according to a report released yesterday. Transparency International's Corruption Perceptions Index (CPI) ranks countries based on "their perceived levels of public
BAHAMAS REPORTED TO BE LESS CORRUPT THAN THE US
By DANA SMITH dsmith@tribunemedia.net THE Bahamas is less corrupt than the United States, according to a report released yesterday. Transparency International's Corruption Perceptions Index (CPI) ranks countries based on "their perceived levels of public
EDITORIAL: Nothing should be kept from the Bahamian people
WE agree with a statement made by Dioniso D’Aguilar last year that CTFE was an “unsuitable investment for the Bahamas.” In fact, we would go so far as to say that no touristic investment — particularly with casinos attached and having the remotest connection with Macau — should be considered desirable for the Bahamas.
Land recovery deal signed
Land recovery deal signed THE Government yesterday recovered 5,825 acres of land with the signing of a revised Heads of Agreement with the I-Group for its Mayaguana development project. Tourism Minister Vincent Vanderpool-Wallace praised developers for t
Foreigners take greater real estate market share
Bahamians are conceding an ever-larger share of the real estate market to foreign buyers, one well-known developer yesterday revealing that 100 per cent and 90 per cent of purchasers at his latest two projects were from overseas.
Extradition documents must be certified before any appeal to Privy Council
A MAN fighting extradition to Florida after being accused of a woman’s manslaughter must have the records of the extradition proceedings certified before the Privy Council in London can hear his appeal.
25% of mortgage credit ‘past due’
Almost $1 out of every $4 mortgage dollars lent by Bahamian commercial banks was past due at end-October 2014, Tribune Business can reveal, as the Government moves to revive its “dead in the woods” relief plan.
Carnival to begin dredging within 90 days for mega cruise port in East Grand Bahama
Carnival expects to commence dredging in East Grand Bahama for its mega cruise port in the next 60 to 90 days, a Carnival Corporation executive told hundreds of residents gathered at the Grand Lucayan Resort on Thursday evening.
AML 'stops counting' at 2,000 resumes for 90 jobs
AML Foods yesterday told Tribune Business it had “stopped counting” after receiving over 2,000 applications for the 90 jobs that will be created when its Solomon’s Fresh Market store at Harbour Bay opens before Christmas, the situation highlighting why proposed Employment Act reforms should be shelved.
Banks see $49.5mbad loans decline
By NEIL HARTNELL Tribune Business Editor Bahamian commercial banks experienced a collective $49.5 million or 4.1 per cent loan arrears reduction in February 2012, it was revealed last night, although it is probably too early to herald the start of a cred
Parents need to take key role in education
Some public schools have seen student participation drop to “less than 50 percent,” Education Minister Jeff Lloyd revealed yesterday as he urged parents to take their children’s education more seriously.
Downtown 'disheartened' over cruise tourism wait
Downtown Nassau businesses are "disheartened" that cruise tourism may not return until the 2021 second quarter as the industry's passengers comprise up to 90 percent of their customer base.
BPL targets fall 2021 for rental generation end
Bahamas Power & Light (BPL) last night confirmed it aims to end its reliance on rental generation by fall 2021 in a move that would save long-suffering consumers $2m-plus per month.
Arawak Port repayment causes $41m loan fall
The Arawak Port Development Company’s (APD) repayment of its $43 million Royal Bank of Canada (RBC) bridging loan resulted in total bank commercial loans declining by $40.6 million in August.
Miller: top hotel owes BEC $10m
BAHAMAS Electricity Corporation chairman Leslie Miller said one of the country’s hotels owes BEC as much as $10 million in unpaid light bills.
'Lacklustre' tourism in 3% room revenue fall-off
Tourism suffered a “lacklustre” performance in February with total room revenues off 2.8 per cent, the Central Bank of the Bahamas attributing part of the decline to weather-related cancellations.
BPL: 96% have power restored
BAHAMAS Power and Light has restored electricity to approximately 96 per cent of customers in New Providence and has substantially completed restoration efforts in North and Central Andros, BPL said yesterday.
Giants at the double
The New Providence Basketball Association championship series continued in both Division I and Division II.
In ‘national interest’ to end water plant waste
A Cabinet minister yesterday said it was “manifestly in the national interest” to complete a much-criticised waste water treatment plant project plagued by a 91 percent cost overrun.
