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Gov’t bond offering likely 20% off-target
The first Bahamas Government Stock (BGS) issue of the 2015-2016 fiscal year was likely to close 20 per cent below target, the administration’s financial advisers disclosed yesterday.
$110m collected in VAT in first three months
THE government has collected $110m in value added tax payments during the first three months of the year, Prime Minister Perry Christie told the House of Assembly yesterday.
Matthew gives Bahamas $300m reinsurance boost
The Bahamas Insurance Association’s (BIA) chairman has estimated that this nation will benefit from a $300 million foreign currency inflow from reinsurers as a result of Hurricane Matthew.
Promotion Board president urges 30% stopover focus
The Bahamas Out Island Promotions Board president yesterday urged the nation to near-double the proportion of stopover visitors that make up its tourism base to 30 percent.
NPBA: Shockers hold off Abaco, Pirates top Eagles Nest
IN a high scoring game on Monday night at the AF Adderley Gymnasium, the JD’s Seafood Shockers held off the Abaco Strong 103-99 in the NPBA men’s division one feature contest. The division II opener saw the Asphalt Maintenance Pirates secure an 89-8
Holowesko victorious
YOUNG Bahamian riders Ella Holowesko, Siena Holowesko, and Tamsin Nottage travelled to Saugerties, New York, with their trainer Mrs Erika Adderley-Coello of Mariposa Stables, to compete at the Marshall & Sterling Insurance League 2016 National Finals this past weekend.
Cybots rout Cleaners 104-71, Wreckers clip Rockets 87-86
WHILE the Mail Boat Cybots pulled off a rout, the Y-Care Wreckers had to go right down to the wire before they prevailed in the New Providence Basketball Association’s double header at the AF Adderley Gymnasium on Monday night.
RoyalStar eyes Matthew payout ‘over’ $90m total
A Bahamian insurer yesterday said it will be paying out “in excess of $90 million” in Hurricane Matthew-related claims on behalf of itself and network partners, with 65 per cent already settled.
URCA 'u-turn' over third cellular player
URCA 'u-turn' over third cellular player By NEIL HARTNELL Tribune Business Editor The Bahamian communications regulator has reversed course by deciding not to reserve space in the key 700 MHz radio frequency spectrum for a third cellular operator, while
Atlantis completing renovations on Royal Towers
ATLANTIS is close to completing renovations in its most iconic hotel – the Royal Towers – and officials at the mega-resort property couldn’t be happier with the upgrades, which have added more sophistication to the rooms and interior spaces.
Govt mulling over adding property tax on light bills
The government is forecasting a three percent inflation increase this year as a result of the VAT rate hike, and examining whether to collect real property tax by adding it to light bills.KP Turnquest, the deputy prime minister, in an address to the
Bimini project: construction workforce only 10-30% Bahamian
The 45-60-strong construction workforce for Resorts World’s Bimini cruise terminal and jetty is expected to have just a 10-30 per cent Bahamian component, the project’s Environmental Impact Assessment (EIA) has revealed.
BAHAMIANS LEAD KNIGHTS TO HISTORIC SEASON
Their storybook season and playoff run ended this weekend, but a dynamic trio of Bahamians led the Niagra College men’s basketball programme to a historic season.
Teachers respond to govt
BAHAMAS Union of Teachers president Belinda Wilson says a response has been sent to the government on its counter proposal regarding a salary increase for educators.
Fourteen Clubs Golf Academy hosts first event of 2024
While many were enjoying the festivities on Majority Rule Day, juniors along with adults participated at the third Front 9 Golf Tournament Series drive, chip and putt event at the Bahamas Golf Federation’s Practice Facility.
Bahamas facing multi-billion debt rise every five years
SUCCESSIVE governments will continue adding $1 billion-plus to the national debt every five years without structural reforms and greater GDP growth, an ex-finance minister saying: “I saw this coming 13 years ago.”
Trade deficit leaps 15.6% to $715.1m
THE Bahamas’ trade deficit increased by 15.6 percent to $715.097m during the 2022 first quarter as cross-border flows continued to rebound from the COVID-19 related restrictions of the year before.
NHI $1,000 cost 'not pulled from out of thin air'
THE National Health Insurance Authority’s (NHIA) chairman yesterday defended the $1,000 premium costing for its basic package, arguing it had not been “pulled out of thin air”.
11th Providence Holiday Classic starts December 27th
NOW a staple on the Christmas season’s sporting calendar, the Providence Holiday Basketball Classic continues to expand in its 11th edition.
Jones wins with Foxes on return to Euroleague
Following the best WNBA season of her career, Jonquel Jones was back on the court and joined the Russian powerhouse UMMC Ekaterinburg Foxes for the second week of FIBA Women’s Euroleague.
