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Banks see $49.5mbad loans decline
By NEIL HARTNELL Tribune Business Editor Bahamian commercial banks experienced a collective $49.5 million or 4.1 per cent loan arrears reduction in February 2012, it was revealed last night, although it is probably too early to herald the start of a cred
Parents need to take key role in education
Some public schools have seen student participation drop to “less than 50 percent,” Education Minister Jeff Lloyd revealed yesterday as he urged parents to take their children’s education more seriously.
Downtown 'disheartened' over cruise tourism wait
Downtown Nassau businesses are "disheartened" that cruise tourism may not return until the 2021 second quarter as the industry's passengers comprise up to 90 percent of their customer base.
BPL targets fall 2021 for rental generation end
Bahamas Power & Light (BPL) last night confirmed it aims to end its reliance on rental generation by fall 2021 in a move that would save long-suffering consumers $2m-plus per month.
Arawak Port repayment causes $41m loan fall
The Arawak Port Development Company’s (APD) repayment of its $43 million Royal Bank of Canada (RBC) bridging loan resulted in total bank commercial loans declining by $40.6 million in August.
Miller: top hotel owes BEC $10m
BAHAMAS Electricity Corporation chairman Leslie Miller said one of the country’s hotels owes BEC as much as $10 million in unpaid light bills.
'Lacklustre' tourism in 3% room revenue fall-off
Tourism suffered a “lacklustre” performance in February with total room revenues off 2.8 per cent, the Central Bank of the Bahamas attributing part of the decline to weather-related cancellations.
High Flyers win opener
The Breezes High Flyers soared on all cylinders last night as they flew past the Johnson’s Trucking 98-84 to snatch a 1-0 lead in the New Providence Basketball Association men’s division II best-of-five championship series.
Hotels set to 'surpass banner years' by 2015
The Bahamian hotel industry believes it will approach its pre-recession “banner years” in 2014 and “surpass” them next year, its president said yesterday, with the sector’s confidence levels reaching 97 per cent.
POLITICOLE: There’s a hole in the bucket, Dear Christie
I was born in the 70s, and I grew up in the 80s and 90s. Life in The Bahamas was so much simpler then. Everything appeared cleaner, easier, purer. It was long before we knew what a storm our leaders were brewing for us, though we would soon find out. And the Pandora’s Box has been spilling over since then.
David Charlton to be inducted in Hall of Fame
DAVID Charlton, one of the most successful athletes turned coach in the Bahamas, will be returning to his alma mater for some unexpected business.
Kadeem Coleby signs with Al Manama for 37th GCC Clubs
JUST weeks after losing the league championship series, Kadeem Coleby was on the move once again and inked a deal with the team that most recently beat him as they prepare to vie for a top title in the Middle East.
Ayton dominates in playoff debut
DEANDRE Ayton and the Phoenix Suns made a dynamic return to the NBA playoffs and dominated en route to the franchise’s first postseason win since 2011.
City Markets staff allege 'conspiracy'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Ten Grand Bahama-based City Markets employees are alleging that the company and its principals deliberately altered their employment terms to "coerce and compel" them to leave volun
City Markets staff allege 'conspiracy'
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Ten Grand Bahama-based City Markets employees are alleging that the company and its principals deliberately altered their employment terms to "coerce and compel" them to leave volun
THE ART OF GRAPHIX: Advertising your message correctly
What is it that makes a good advertisement? Is it the pictures and video? Is it what is written or said? Is it the creative elements that cause you to feel something after you have been exposed to it?
$13.4bn flowed through FTX Bahamas accounts
Some $13.4bn flowed through FTX's Bahamas accounts in the ten months immediately prior to the crypto exchange's collapse, its liquidators revealed yesterday, as they sought to dispel allegations it was "a nullity".
Bacardi purchasers targeting $90m waste-to-energy plant
THE Bahamian investor group that acquired the former Bacardi factory has approached the Government about constructing a $90 million waste-to-energy plant at the southern New Providence site, its principal yesterday telling Tribune Business it aimed to slash electricity costs by "50 per cent or more".
New fly fishing regime may hit 90% of market
The Bahamas’ new fly fishing regulations could drive away 90 per cent of visiting anglers, research has shown, with affecting a market of “major significance” that generates almost 10 per cent of this nation’s stopover visitors.
Tourism ‘90% unaffected’ by COVID-19 tightening
Tourism industry executives yesterday voiced optimism that the industry’s recovery will not be impacted by the government’s tightening of COVID restrictions, with one asserting it will be “90 percent unaffected”.
