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'Final touches' for Commonwealth Youth Games guests
WITH the Bahamas getting ready to host the biggest sporting event ever in just one week, Rommel Knowles, managing director of the CYG Association, said they are busy putting on the final touches for their guests.
$377m investment for BPL’s LNG conversion
A total $377.4 million investment is required to convert Bahamas Power & Light’s (BPL) generation plants to liquefied natural gas (LNG), an IMF ‘working paper’ revealed yesterday.
$20m contract signed for four new radars
THE government yesterday signed a contract for nearly $20m with a Finnish company for the acquisition of four new Doppler radars, something local meteorologists said will give the Department of Meteorology “no excuse” for not being more accurate with weather forecasts and tracking weather systems.
March 1 residency threshold doubling goal ‘unacceptable’
The Government’s seeming intent to double the permanent residency investment threshold by March 1 was yesterday branded “unacceptable” by a Bahamian developer, as it gave the market too little time to adjust.
US warned: "Hands off our beaches!"
A LOCAL environmentalist has said he will be the first to stop any tractor attempting to remove sand from this country to aid Florida beaches from erosion, as he called on government officials to condemn international news reports that the US has received approval to study bringing Bahamian sand to their beaches.
Matthew payouts to ‘absolutely’ be nine-figure sum
Total Hurricane Matthew insurance payouts will “absolutely” total a nine-figure sum, a leading businessman yesterday saying “the only question” is how big the first digit will be.
EDITORIAL: Recovering from Matthew
BEFORE we begin, we must praise the men and women behind the scenes who gave up the comforts of home and moved into newspaper offices and radio stations to keep citizens informed of what was happening during the height of hurricane Matthew.
Chamber chair: $150m bond ‘very ‘difficult’ at once
THE proposed $150 million Hurricane Reconstruction Bond is likely to be “multi-tiered” to appeal to different investor groupings, the Chamber’s chairman said yesterday, expressing concern over whether the target sum could be raised in one shot.
‘Matthew was angry and The Bahamas was his enemy. From this day on if any hurricane come, I am evacuating.’
Residents in southern New Providence are still without power 14 days after Hurricane Matthew hit. But the memories of the storm’s brutal force are still vivid, Sancheska Dorsett hears . . .
Are fifty somethings “obsolete”?
“This is a sore point for many older adults. As we age medical science and healthcare mean we are well and able far longer than in the past - but are viewed as needing to move on and out of the workplace even when we could offer some wisdom and mentoring to the newer workforce.” (Linda Nicholls).
Exuma resort energy costs 'double' Nassau
Electricity costs for Exuma resorts are “almost double” those faced by Nassau hotels on a per room basis, a Cabinet Minister identifying a host of infrastructure challenges as preventing the island from reaching its full economic potential.
Speaker in rallying call to school staff
HUNDREDS of schoolteachers, counsellors, teaching students and community leaders from across the Bahamas had the opportunity to change their perspective on the educational destiny of Bahamian students last week at the Lyford Cay Foundation’s Speaker Series.
Tribute to the living Deejay Legends
LOVERS of old school music were taken back as far as the 70s last Friday at Club Luna in celebration of the country’s living deejay legends.
Haitian captain, crew charged in connection with $1m drug seizure
A HAITIAN captain and his crew of seven countrymen appeared in Magistrate’s Court yesterday to be arraigned in connection with a $1million cocaine seizure last weekend.
BORCO revenues up 14% for Q1
The Bahamas Oil Refining Company (BORCO) produced a 14.3 per cent year-over-year revenue increase to $52.7 million for the 2013 first quarter, as it awaits the likely recovery of a $5 million insurance deductible.
Hilton sale decision by month's end
The British Colonial Hilton’s owners will decide by month’s end which of the three bids to acquire Bay Street’s ‘anchor property’ they will accept, Tribune Business can reveal.
Allen Cay saved from invasive mice
ALLEN Cay has been declared free of damaging, invasive house mice thanks to a partnership dedicated to restoring the cay’s natural environment, seabirds, and endangered iguanas.
20 year anniversary for top recording studio
By JEFFARAH GIBSON
BPC's share price 'affected by both govt's stances on oil drilling'
SHARE prices at the London-listed Bahamas Petroleum Company have been negatively affected by both government’s stances on oil drilling, company CEO Simon Potter said – adding that the prices will rise if oil is found and that shares will be available to Bahamians in “the next few months”.
Bad loans and credit decline threaten growth
Difficulties in one bank’s commercial loan portfolio seemingly sparked a $38.7 million deterioration in the sector’s ‘bad credit’ position during April, another month in which the Bahamian economy was “relatively subdued”.
