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Insurer 16-17% ahead of target if no Matthew
A Bahamian general insurer yesterday said it would have beaten 2016 profit forecasts “by 16-17 per cent” had it not been for Hurricane Matthew, which blew gross claims 69.4 per cent higher than its previous record.
Summit’s Matthew loss peaks at $37m
A Bahamian insurer yesterday revealed it had incurred $37 million in gross losses from Hurricane Matthew, and warned that “some small increase” in local insurance premiums may result in 2017.
Marinas eye 50% boater rise in '18
Bahamian marinas believe 2018 could produce a 50 percent year-over-year increase in visiting boaters as the country moves to generate further interest in this sector.“In 2018, the Ministry of Tourism and Aviation saw boating numbers double in some is
Dames hits out at ‘off base’ AG
NATIONAL Security Minister Marvin Dames slammed criticisms levelled by Attorney General Carl Bethel over the Defence Force’s handling of a recent plane crash as “absolutely off-base”.
Bahamians pay price of ‘double BPL whammy’
Bahamian businesses and households are paying the price of “a double whammy” caused by the recent fires at Bahamas Power & Light’s (BPL) Clifton Pier plant, it was revealed yesterday.
‘Phenomenal’ tourism pick-up - but still below 2019 levels
A Cabinet minister yesterday hailed the “phenomenal rate of increase” in stopover visitor arrivals as a sign “tourism is bouncing back” even though the industry remains more than one-third below 2019 numbers
Naser suspended
Bahamas Olympic women’s 400 metre champion Shaunae Miller-Uibo and her management team declined comments on the alleged doping scandal of arch rival Bahrain women’s world 400m champion Salwa Eid Naser that could lead to a possible two-year suspension.
Ayton leads Suns with 18 in loss to Clippers
LOS ANGELES (AP) — Paul George scored 27 points and the Los Angeles Clippers pulled away in a dominant third quarter, beating newly returned Chris Paul and the Phoenix Suns 106-92 last night in Game 3 of the Western Conference finals.
Deandre Ayton delivers historic performance in NBA Finals debut
Deandre Ayton delivered an historic performance in his NBA Finals debut and after he helped the Phoenix Suns to a game one win with his 22 points and 19 rebounds, the third year centre said he will be well-rested and ready to repeat that effort in game two.
Carnival’s GB port to double arrivals to 1m
Carnival’s Grand Bahama port will double the passengers it brings to the island to one million within three years of completion, economic forecasters have predicted, while boosting annual visitor spend by $68m.
AML’s Charles Saunders plan ready by early 2022
AML Foods will have “mapped out” plans to develop a new shopping centre off Charles Saunders Highway, anchored by its Solomon’s “neighbourhood” food store concept, by early 2022 at the latest.
Super Value fighting price hikes ‘as long as we can’
Super Value’s president yesterday pledged to hold-off food price increases as long as possible, but reiterated that eight to ten percent rises by Christmas “is not a prediction but a fact”.
Activists tell Disney: Show us cruise port ‘a fair deal’
Environmental activists are challenging Disney Cruise Line to show how its Lighthouse Point project is “a fair deal for The Bahamas and people of South Eleuthera” via the economic returns each side gets.
Lighthouse Point reopens today
LIGHTHOUSE Point at the Grand Lucayan resort will reopen its doors today for the first time after one year since the COVID-19 pandemic began, with an initial staff complement of nearly 40 people.
Minister issues challenge: Develop ‘projects of scale’
A Cabinet minister has challenged Bahamian entrepreneurs to develop “projects of scale” that can accommodate hundreds of cruise ship passengers in similar manner to Atlantis.
Entrepreneur thriving in the pandemic
Grand Bahamian Mychal Connolly is an awarding winning entrepreneur in the US who has launched several successful businesses by “thinking outside the box”.
WORLD VIEW: Kenya’s President wants ‘steadfast leadership’ by Commonwealth Secretariat
IT is good to see the President of Kenya, Uhuru Kenyatta, has nominated his Cabinet Secretary for Defence, Monica Juma, for the post of Commonwealth Secretary-General.
COVID travel measures ‘won’t ease in any way’
A Cabinet minister last night said the government is “not minded in any way to relax the health travel protocols” despite conceding that have likely helped to “depress demand” and tourism’s revival.
THE PRESS BOX: 5 Fantasy Football sleepers to help you win your Week One matchup
AS the NFL kicked off its 100th season last night, here are 5 Fantasy Football sleepers to help you win your week one matchup. QUARTERBACK Nick Foles - Jacksonville Jaguars The key for Foles is the Jaguars’ defence. If they can’t slow down the po
Former Prime Ministers: We'll assist how we can
ALTHOUGH retired from public life, former Prime Ministers Perry Christie and Hubert Ingraham have made themselves available to the government to assist how they can with the restoration efforts in Hurricane Dorian ravaged islands.