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Classes start at schools

FOR the first time in almost two weeks, classes resumed at Stephen Dillet and Uriah McPhee primary schools yesterday.

Gibson seeks laws for worker relations

LEGISLATION allowing for a council that would create a more harmonious relationship among labour unions, employers and the government will be passed “in short order,” Labour and National Insurance Minister Shane Gibson said yesterday.

Gov’t ‘exhausts’ 95% of deficit projection

The Government used up 95 per cent of its projected 2015-2016 full-year deficit within the first five months, the Chamber’s chairman arguing this shows the Bahamas cannot escape its fiscal predicament via new taxes alone.

Power back on in more than half of homes

BAHAMAS Power and Light Ltd (BPL) has restored electricity to just over 50 per cent of its customers in New Providence and has “substantially completed restoration” in the Family Islands, however officials said last night that given the level of damage from Hurricane Matthew they are unable to give an exact date for full restoration.

Receivables over three times' Water Corporation target

By NEIL HARTNELL Tribune Business Editor Just how far the Water & Sewerage Corporation has to go to achieve financial viability has been highlighted by several key financial performance indicators, which show it currently enjoys a -44 per cent operating

Port Lucaya owner eyes further $2m investment

Port Lucaya Marketplace’s new owner plans to invest “at least $2 million” over the next five years to transform the facility into an upscale shopping and entertainment centre, with seven prospective new tenants in the process of signing leases.

Do you know what makes up your perception?

IF your perception is 99 per cent of your reality, then isn’t it important to know what makes up your perception?

Super Value chief urges 'drastic action' over copper thieves

Super Value president Rupert Roberts has urged the Government to take “drastic action” against copper thieves, warning that they were delaying employment for 75 Bahamians after hitting the former City Markets South Beach store three times.

$102m plant's timetable missforces Baha Mar to 'Plan b'

Plans to reduce Baha Mar’s air conditioning-related energy demand by 90 per cent have been thrown into severe jeopardy, the $2.6 billion resort developer yesterday confirming it had moved “on to Plan B” after a renewable energy firm failed to meet agreed timelines.

April creditors meeting urged over major fraud

The Bahamian liquidators of an alleged multinational fraud that has ensnared a BISX-listed firm’s affiliate have applied to the Supreme Court for an Order that the first creditors meeting be held during April 2013.

Tech issues stall new betting tax

Bahamian gamblers will enjoy a two-month reprieve from the budget’s twin five percent levies because they are “not as easy and straightforward” to implement as the government thought.

BPC faces $400k extra daily costs if drilling halted

Bahamas Petroleum Company's (BPC) chief executive is alleging it will incur extra costs of up to $400,000 per day if activists succeed in persuading the Supreme Court to halt its exploratory oil drilling.

Hotel union aims to close ‘four of five’ this summer

The hotel union’s president yesterday said it is targeting “by summer’s end” to conclude negotiations on at least four of five outstanding industrial agreements in a bid to ease “tremendous pressure” on workers.

Minister: more residential care facilities are needed

MORE residential care facilities are needed for an ever-expanding population, says Minister of Social Services and Community Development Melanie Griffin.

BISX-listed firm’s affiliate in $75.5m ‘discrepancy’

There is a $75.5 million discrepancy over the sum allegedly held by a BISX-listed firm’s broker/dealer affiliate for a claimed multinational fraud, Tribune Business can reveal, with regulators having seized computers and a server from its downtown Nassau offices.

Romad Dean ends season in OSBA final four

ROMAD Dean and the Crestwood Lions finished the Ontario Scholastic Basketball Association season as one of the top prep programmes in all of Canada.

PORT IPO HOLDING $1,150 MAXIMUM

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net MORE than 95 per cent of share subscriptions in the Arawak Port Development Company's (APD) $10 million initial public offering (IPO) were from individual investors, with subscripti

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