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Bahamas oil well creditors accept 84% debt hair-cut
Creditors owed a collective $11.3m for the drilling of an exploratory oil well in The Bahamas have agreed to accept a near-84 percent haircut on this debt, it was revealed yesterday.
80% Parliament backing needed for spending rise
Fiscal Responsibility legislation must “make it extremely difficult” for the Government to exceed Budget spending forecasts, an outspoken businessman yesterday demanding that any increase require at least 80 per cent Parliamentary approval.
‘Shaq attack’
Bahamian basketball player Shaquille Cleare and his Texas Longhorns continue to stockpile signature wins in his first year with the programme and under head coach Shaka Smart.
'Making a mockery' of gaming industry
THE Gaming Bill 2014 “makes a mockery” of international regulatory standards because it allows the minister responsible to override a key test for industry ownership, the DNA’s leader believes.
Bahamasair sees revenues fall 84%
Bahamasair’s revenues for the ten months to end-April 2021 plunged by 84 percent year-over-year, a Cabinet minister revealed yesterday, with taxpayers set to underwrite its survival via a $60m-plus subsidy.
GB power lays-off 19 over steam phase-out
Grand Bahama Power Company yesterday made 19 staff redundant as part of a restructuring designed to “retire” its steam generation plant, a senior executive telling Tribune Business the engines at its new $80 million power plant were up to four times’ more efficient.
BGDBA Playoffs: Cybots advance to next round, Patrollers tie series 1-1
The Bain and Grants Town Cybots booked their tickets to round two of the Bahamas Government Departmental Basketball Association (BGDBA) playoffs on Monday night after sweeping the Police Royals 2-0.
GB Power: 80% of Freeport grid survives Dorian
Grand Bahama Power Company’s (GBPC) chief executive said the restoration of customer supply would begin yesterday evening after 80 percent of its Freeport grid infrastructure survived Hurricane Dorian. Dave McGregor, the utility’s chief executive, c
Grand Bahama lockdown extended
PRIME Minister Dr Hubert Minnis announced the extension of Grand Bahama’s lockdown for seven days.
Knights strike gold in St Lawrence Invitational Tournament
THE Niagara College Knights, with several Bahamian players on their roster, were back on the floor for the preseason as they prepare to contend in the Ontario Colleges Athletic Association.Van Hutchinson Jr, Kevin Cooper, Stephone Augustine, Livingst
Rolle secures Bahamas’ berth in Pure Silk LPGA Classic
DESPITE the adverse weather conditions that “made it feel like a boxing match,” Georgette Rolle was able to out-distance Raquel Riley by five strokes to secure the Bahamas’ berth in the 2016 Pure Silk Bahamas LPGA Golf Tournament.
We're all getting in the Christmas spirit
IN a bid to improve their public image, a team of police prosecutors held a toy drive and luncheon last week for over 80 children at the Bahamas AIDS Foundation.
84 illegals held - none from sloop
PRIME Minister Dr Hubert Minnis “is very disturbed” by the illegal landing of a sloop on Adelaide Beach and is awaiting a “full report” on how the landing was possible, his Press Secretary Anthony Newbold said yesterday.
‘I’m really excited for Jazz. Opening day is going to be really special’
WITH the passing of Edison ‘Ed’ Armbrister, retired outfielder Antoan Richardson has now assumed the elder statesmanship of the Bahamian Major League baseball fraternity.
Regulator warned 127 on financial crime compliance
Bahamian regulators issued warnings to 127 law and real estate firms over non-compliance with anti-financial crime mandates while giving this nation’s $306m-plus residential real estate sales a clean bill of health.
Unchecked spending boosted Govt deficit by 3.5% pts of GDP
Unchecked spending by the Christie administration added a sum equivalent to 3.5 per cent of GDP to the 2016-2017 deficit, Moody’s estimated yesterday, warning that Bahamian fiscal policy credibility has been undermined.
PM hails good first day of negotiations in China
PRIME Minister Perry Christie yesterday said the first day of Baha Mar meetings in China were “good” but warned that a “very, very serious situation” would result if the relevant parties cannot secure an agreement today.
Public demand for vaccine ‘flattened’
DEMAND for the COVID-19 vaccine has flattened in The Bahamas even as more doses of the Oxford-AstraZeneca jab could arrive in the country as early as today, according to Ed Fields, deputy chair of the National COVID-19 Vaccine Consultative Committee.
Salem Union in 12-10 victory over Golden Gates Native
SALEM Union pulled off the biggest upset so far in the Baptist Sports Council’s 2013 Coca-Cola Softball Classic, securing a 12-10 walk-off victory over the defending champions Golden Gates Native at the Banker’s Field at the Baillou Hills Sporting Complex on Saturday.
