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Unions should have some perspective over Minnis bailout
The Free National Movement (FNM) administration of Prime Minister Dr Hubert Minnis has taken plenty criticism for going out on a limb and purchasing the Grand Lucayan Resort for an estimated $65 million from Cheung Long (Ck) Property Holdings, a subsidiary of Hutchison Whampoa.
Post Office relocation to complete next week
The General Post Office will open at its new Town Centre Mall location next week, Tribune Business was told yesterday, as staff complete the move from East Hill Street.
Power loss leaves bed maker dozing
A bedding manufacturer yesterday said business levels had plunged almost 90 per cent year-over-year post-Matthew, with the loss of electricity for two full weeks severely compromising its ability to produce finished products and generate sales.
Educators honoured for efforts to reduce HIV infections, prevent teen pregnancy
MORE than 90 educators across the country were honoured on Friday for their efforts to reduce HIV infections among adolescents and prevent teen pregnancy.
Shortstop Fox traded to Royals
Lucius Fox has been traded for the second time in his young baseball career.
Unwise to suggest Nassau is getting safer
There are times Ministers and senior officials when they will be well advised not to comment as usually what they say comes to bite them hard. Between the PM’s statement copied by the Asst Commissioner of Police and the Minister that it was safer in Nassau can only be described as stupid.
Plant ‘not handled in people’s best interest’
A PROJECT vital to the Government meeting its Baha Mar obligations was “not handled in the Bahamian people’s best interests”, a former Water & Sewerage chairman admitted yesterday.
FIBA World Cup ‘23 Americas Qualifiers postponed
WITH the impending impact of Tropical Storm Nicole on The Bahamas, FIBA and the Bahamas Basketball Federation announced the postponement of the latest window of the World Cup 2023 Americas Qualifiers.
Bahamians face extra 90-day wait to join NHI
Bahamians will now have to endure an extra 90-day wait to enroll in National Health Insurance (NHI) as the scheme embarks on an efficiency drive to counter its “finite resources” this fiscal year.
On Da Hook
WITH the break in the high winds over the past week, anglers have been making the most of the opportunity to hit some of their favourite fishing spots and been rewarded with fine Wahoo.
13 arrests after $135,000 of suspected cocaine found on Haitian vessel
POLICE arrested 10 men and three women in connection with the seizure of $135,000 worth of suspected cocaine found on a Haitian vessel at the harbour in Great Inagua.
90% of workforce has existing loans
Around 90 per cent of the Bahamian workforce have existing loans to service, although the number of active accounts has declined by 12.7 per cent over a five-year period.
‘Entrenched reduction?’: Bad loans down $22m
The Central Bank is “holding off” in determining whether COVID-related loan delinquencies have peaked despite a $22.4m reduction in non-performing credit during the 2022 first quarter, its governor revealed yesterday.
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.
$150M TRUST URGED TO RESCUE HOUSING MARKET
By NEIL HARTNELL Tribune Business Editor The Government was yesterday urged to invest $100-$150 million into a Foreclosure Trust as a way to solve this nation's mortgage/housing crisis, a well-known businessman telling Tribune Business that the returns g
‘Subdued’ 2017 start for tourism industry
The Bahamian economy endured a “soft” January amid “constrained” tourism output, with passenger traffic passing through Lynden Pindling International Airport (LPIA) up just 0.1 per cent year-over-year.
Baha Mar will not reopen until October
BAHA MAR has announced it will not resume operations until October and will carry out additional staff cuts. The luxury hotel property says it has postponed reopening in light of the “evolving nature” of the COVID-19 pandemic. In a letter to its emp
Labour chief: 2,500 in termination threat
The government’s top labour official yesterday warned that 2,500 employees are threatened with termination unless the period in which they can receive unemployment benefit is doubled to 26 weeks.John Pinder, director of labour, told Tribune Business
Know your status - Bahamians take part in Regional HIV Testing Day
FOR some people it was the longest 15 minutes of their lives and for others it was simply a ritual they have become accustomed to – getting their fingers pricked, then waiting for the results from a rapid HIV test. Scores of Bahamians gathered in Raw
Matthew drives construction sector to five-year ‘peak’
The construction industry is the “busiest” it has been in five years as Hurricane Matthew rebuilding ramps up, the Bahamian Contractors Association’s (BCA) president yesterday estimating 90 per cent of the sector is now “fully engaged”.