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Shipyard’s $350m expansion to give 2022 economic boost

The Grand Bahama Shipyard’s $350m investment in two new dry docks will provide a much-needed economic boost to the island in 2022, government officials confirmed yesterday.

Carnival’s private island plan to up arrivals 48%

The $80m expansion of a cruise line’s private island will create 200 construction jobs, and an extra 80 full-time posts, through growing annual visitor arrivals by 48 percent compared to pre-COVID volumes.

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Cobras rout Pacers 80-39

The CC Sweeting Cobras senior boys’ basketball team, fresh off their semifinal appearance in the Providence Basketball Club’s Yuletide Classic, made mince meat of the well-rested RM Bailey Pacers.

Web shops urged to withhold due taxes

Web shops were yesterday urged to withhold all revenues currently due to the government, amid claims planned tax hikes were intended to wipe them out in favour of a national lottery.Philip Galanis, the former MP and senator, told Tribune Business he

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ALFRED M SEARS, QC: We need to build a safe and prosperous future for The Bahamas

Hurricane Dorian’s $3.4 billion loss has decimated 27 percent of the GDP of The Bahamas making it impossible for the country to make its budgeted $340 million debt servicing on the $8.4 billion outstanding national debt.

Tackling the air hackers

The long-awaited aircraft accident report of the fatal January 2018 crash has been released by The Bahamas’ Air Accident Investigation Department (AAID). Incidents like these rehash national focus on the pervasive aviation issue of “hacking” in The Bahamas. A reference to hacking in short refers to the carriage by air of passengers by operators not licensed to conduct such services for reward.

Montaque: Related parties owe 28% of 5.4m receivables

Some 28 per cent of Montaque Capital Partners’ $5.351 million receivables are owed by related parties in which its former principals, Owen Bethel and Edison Sumner, have continuing involvement.

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40 new cases of COVID-19, two deaths, one death under investigation on Sunday

The Ministry of Health reported that there were 40 newly confirmed cases of COVID-19, two additional deaths and one death under investigation on Sunday.

High Flyers soar to championship

The Breezes High Flyers had their best offensive output in the final game of the series to claim the New Providence Basketball Association Division II Championship.

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Recycling facility to be built at landfill site

RENEW Bahamas has formally announced plans to build and manage the nation’s first materials recycling facility at the Harrold Road landfill site.

Cellular revenues per user up despite subscriber fall-off

The Bahamas Telecommunications Company’s (BTC) average revenue per user (ARPU) in the cellular market grew by almost 25 per cent in 2013, despite a market that declined slightly in terms of subscriber numbers.

Cable targeting 20% revenue rise via US

Cable Bahamas believes its newly-acquired US business will generate greater than “20 per cent aggregate” revenue growth for it over the next five years, having won contracts to provide services to 16,600 Florida residential units since the purchases closed.

Bahamian players shine in the NCAA

CONFERENCE play continues throughout NCAA Division I with several Bahamian players in action over the weekend.Travis Munnings continues his productivity and his back-to-back 20 point games helped the UM Warhawks recover from a four-game losing streak

RESULTS: Bunny Levarity National Basketball Tournament

HERE is a look at the games played in the Bahamas Basketball Federation’s Bunny Levarity National Basketball Tournament at the AF Adderley Gymnasium over the weekend:

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Last-ditch threat to oil exploration

Environmental activists last night threatened to initiate legal action against the Government and Bahamas Petroleum Company (BPC) within 14 days unless the latter halts its oil exploration plans.

NCAA basketball: McCoy gets top honour, Bastian sets career high

MALACHI McCoy received a weekly honour as the top player in his conference and Lathaniel Bastian scored a new career high to highlight play from Bahamian student athletes in NCAA Division II basketball.

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'Final touches' for Commonwealth Youth Games guests

WITH the Bahamas getting ready to host the biggest sporting event ever in just one week, Rommel Knowles, managing director of the CYG Association, said they are busy putting on the final touches for their guests.

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Oceania fury: DPM rejects reduced tax from 80% value fall

Property owners at the controversy-torn Oceania Heights development are furious that they will have to pay Stamp Duty based on their initial purchase price, despite values having fallen by up to 80 per cent.

Coral farm ‘showcase’ eyes 1m annual target

The Bahamian winner of Prince William’s £1m Earthshot prize yesterday disclosed it is targeting production of 1m coral pieces per year to help “showcase” this nation’s environmental credentials.

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Legal status for majority in shanty town census

MOST shanty town dwellers in unregulated communities across Abaco have legal status permitting them to reside in the country, according to Labour Minister Dion Foulkes, who yesterday revealed an estimated population size of around 3,500 residents.