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$250m Hurricane Hole project to 'go vertical' by January 2019

A BAHAMIAN developer yesterday said it plans to “go vertical” on its $250 million Hurricane Hole redevelopment within 12 months, after completing the property’s purchase from Atlantis’s owner.Bill Green, president of Sterling Global Financial’s devel

SUPERVALUE IN 'OVER 20%' XMAS SALES RISE

By NEIL HARTNELL Tribune Business Editor The Supervalue supermarket chain saw a more than 20 per cent year-over-year increase in its Christmas sales figures, its owner and president telling Tribune Business yesterday the company was likely to invest a fu

Drug plan: 91% of buys made in private sector

The model established by the National Prescription Drug Plan (NPDP) provides lessons for structuring the proposed National Health Insurance (NHI) scheme, given that 91 per cent of its purchases are made from private sector pharmacies.

UB Mingoes men’s basketball team opens the season with losses

UNIVERSITY PARK, Illinois – The University of The Bahamas Mingoes men’s basketball team lost both games at the Governors State University Jaguars Tip-Off Classic over the weekend.

Banks: 25% never verified Building Code compliance

The Central Bank is urging all licensees to ensure their offices can withstand a Dorian-type Category Five hurricane after 25 per cent said they had never confirmed Bahamas Building Code compliance.

WORLD VIEW: COP-27 failing before it begins

THE most ominous sign of what the forthcoming COP-27 meeting on climate change portends for small states is that officials from a Group of 20 (G20) major economies, who met on August 31, failed to agree a joint statement at the conclusion of the meeting.

Baha Mar contractor promises completed analysis ‘in 7 days’

Baha Mar’s contractor has promised to complete its assessment of the work necessary to complete the $3.5 billion resort development within seven days, Tribune Business was told yesterday.

$20-$30M INVESTMENT AT LAST HOTEL CORP HOTEL

By NEIL HARTNELL Tribune Business Editor An Illinois-based investor is eyeing a $20-$30 million investment during the first two phases of its plans to transform the last Hotel Corporation-owned property into an upscale boutique resort, with talks aiming

Businesses wait over two months for bank account

BAHAMIAN businesses face an average wait of more than two months to open a bank account with almost 80 percent asserting that the process “took longer than expected”.

Atlantis condo tower does $20m in six months

Paradise Island’s 497-unit condo complex, the Reef, is providing evidence of a real estate market revival through $20 million worth of sales within six months.

Cruise line confirms CDC-delayed return

Bahamas Paradise Cruise Line yesterday said US health authorities had left it with “no choice” but to delay its operational restart until October 1. The operator of the Grand Celebration and Grand Classica , which sail to Freeport and Nassau respect

Don’t leave Bahamians ‘holding the bag’ again

The Government was yesterday urged by a former Contractors Association president to develop measures that will stop Bahamians “getting left holding the bag over and over again” on troubled foreign direct investment (FDI) projects.

Rattlers fire to huge win

COACH Kevin “KJ” Johnson and his CI Gibson Rattlers senior girls and boys’ basketball teams were simply too much for the Government High Magicmen to handle as the Government Secondary Schools Sports Association’s 2023/24 season swung into high gear following the Christmas break.

Chavez Young homers on rehab assignment in Single A

CHAVEZ Young continues to work his way back from an early season injury in his second stint with the Dunedin Blue Jay of the Single-A Florida State League.

'I've never seen it like this before'

By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net Bahamas-based used car dealers have seen a significant drop off in business year-over-year, with one telling Tribune Business: "I've never see

Benefit concert for the 'Divine Lady' takes place this Sunday

A number of the country’s top gospel recording artists will come together this Sunday at 6pm at the New Mount Zion Missionary Baptist Church to host a benefit concert in aid of award-winning singer Vanessa Clarke’s medical fund.The event, which is be

NESBITT EMERGES AS LEADER IN FIRST YEAR WITH NEW CLUB

AFTER several delays due to the COVID-19 pandemic, Brazil’s Novo Basquete Brasil finally opened its 2020-21 season and David Nesbitt has emerged as a leader in his first year with a new club.

Miller brands $600m waste plant's output 'fiction'

The Bahamas Electricity Corporation’s (BEC) executive chairman has branded as “fiction” and “far-fetched” the assertion by Stellar Energy that its waste-to-energy plant could produce 75-80 Mega Watts of power daily, telling Tribune Business: “The capacity just isn’t there”.

BORCO targets 20-30% tanker traffic growth

The Bahamas Oil Refining Company (BORCO) is the “ideal location” to service the expected 20-30 per cent increase in tanker traffic resulting from the Panama Canal expansion, its owner yesterday describing the facility as the “optimum spot” for a bunker filling station and crude oil ‘top up’ unit.

National basketball team standouts making presence felt across globe

SOME of the most prominent names in Bahamian basketball are adjusting well to their new surroundings in their respective leagues.

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