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‘Walk and chew gum’: Subsidies, debt cost $938m
The Bahamas “must walk and chew gum” on its fiscal and economic revival, a leading banker has warned, with $938.5m - one third of government spending - taken up by debt and subsidy costs.
CIBC suffers major loss amid $94m dividend wait
CIBC FirstCaribbean International Bank (Bahamas) plunged to a $63.543m net loss for the year to end-October 2020 as it awaits permission to pay almost $94m in total dividends to shareholders.
Buffaloes retire Buddy Hield’s No.24 jersey
Chavano “Buddy” Hield was honoured by the programme where he concluded his high school career, a place vital on his journey toward NBA stardom and a place he calls his second home.
‘Tum Tum’ and Spartans top the Eagles
NCAA Men’s Division I basketball moved into its second week and several Bahamian players were in action over the weekend.
FIBA: Bahamas to face Dominican Republic tonight
COACH Mario Bowleg said the men’s national basketball team is prepared to put the devastating loss to the US Virgin Islands behind them and is eagerly looking forward to closing out play tonight against the Dominican Republic on a high note in the FI
THE PRESS BOX: Some of the latest Draft rumblings from Cowboy ranch
AFTER a fast and furious and, more importantly, successful second week in NFL free agency, the Cowboys aren’t done yet. • Here’s some of the latest rumblings, Draft and free-agent wise, straight from the ranch. WAIT THERE’S MORE Dallas is still
Union seeking 'seat at table' on CIBC deal
Union leaders have written to the government seeking a “seat at the table” over the approval of CIBC FirstCaribbean’s majority sale to a Colombian-headquartered financial group.Teresa Mortimer, the Bahamas Financial Services Union’s (BFSU) president,
Sick-outs still affecting healthcare services
AFTER more than a week of staff sick-outs, officials said on Friday that while normal operations resumed at the Sandilands Rehabilitation Centre and at institutions in Grand Bahama, services at Princess Margaret Hospital continued to be affected by delays.
Bank chief slams ‘selfish’ education loan deadbeats
The Clearing Banks Association’s (CBA) president yesterday slammed the “selfish mentality” of delinquent student borrowers who have exposed Bahamian taxpayers to a $100m liability.
CHARGED: Dorsett faces nine counts
FORMER Environment and Housing Minister Kenred Dorsett appeared in Magistrate’s Court yesterday accused of using his former ministerial position to extort and solicit $120,000 in bribes from Johnathan Ash.
Tourism ‘subdued’; LPIA departures decline 3.6%
The Central Bank yesterday identified a mixed outlook for the Bahamian economy, with increased domestic demand offset by a “subdued” tourism performance that saw air departures shrink by 3.6 per cent.
Crash drill at airport
THE need for better communication between agenices at the Lynden Pindling International Airport was revealed yesterday after officials staged a simulated plane crash.
Cellular monopoly retarding growth, telecoms investment
The Bahamas’ information and communications technology (ICT) sector generated revenues of almost $450 million or 5.7 per cent of the country’s total GDP in 2011, a Utilities Regulation and Competition Authority (URCA) executive said yesterday.
Bringing home gold
In an historic performance on the hardwood, the Bahamas claimed the Caribbean Basketball Confederation Championship and successfully completed the first step toward their lofty goal of Olympic qualification in 2016.
RENEWABLE ENERGY 'AMAZING CHANCE' FOR DIVERSIFICATION
By NEIL HARTNELL Tribune Business Editor The Bahamas has an "incredible opportunity" to diversify its economy by becoming a renewable energy exporter, a leading Caribbean expert yesterday saying it could emulate Israel's 92 per cent penetration rate if i
No layoffs over laundry changes, says Atlantis
SENIOR Atlantis Vice-President Ed Fields insisted there would be “absolutely no layoffs” at the hotel after laundry workers were told some positions had been made redundant yesterday morning.
Bahamian pro basketball players in Euro spotlight
BAHAMIAN pro basketball players across various leagues in Europe produced season highs in early season play for their new clubs.
‘Good morning, I’m Ed Bethel’
“Silence! Silence? In this house”,
Kidney disease in the Bahamas
Tuesday, July 17 marked the first anniversary of the Dialysis Centre Bahamas. The ever increasing world burden of people with kidney failure requiring kidney replacement treatments such as Dialysis (Haemodialysis/Peritoneal/CAPD/APD dialysis) or kidney transplantation has brought the gravity and significance of this increasing scourge to the attention of the medical community, health authorities, governments in developed and less developed nations, in the Bahamas and all over the world.
Child abuse: 856 cases in just one year
THERE were 856 recorded cases of child abuse in the country last year, with neglect, physical abuse and sexual abuse accounting for 92 per cent of the total incidents reported to the Department of Social Services.
