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A COMIC'S VIEW: Blow a whistle to mark arrival of silly season
“Silly Season” is officially open, so let this week’s column serve as notice.
'Stop focusing on the peanuts': GB deals grow one tax $63m
A Cabinet minister yesterday told Bahamians to “stop focusing on the peanuts” as he revealed that the cruise lines’ Freeport projects will generate $63m in annual taxes from just one revenue stream. Dionisio D’Aguilar, minister of tourism and aviati
Minister: GB poised for six-fold visitor increase
Grand Bahama is poised for a near six-fold increase in visitor arrivals from two projects that will be “the catalyst for tourism’s rebirth” on that island, a Cabinet minister revealed yesterday.
Nassau/PI hotels enjoy 18% room revenues growth
Major Nassau/Paradise Island resorts shrugged off a modest one percent room revenue fall-off in December to post an 18 percent gain for the 2019 full year, it was revealed yesterday.
Govt earns '$50m net' from Lucayan disposal
The Hotel Corporation’s chairman yesterday blasted that critics of the government’s Grand Lucayan deal have been “left with egg on their face” as it prepares to receive a net $50m from the sale.Michael Scott, who also headed the resort’s board, told
Minister: GB poised for six-fold visitor increase
Grand Bahama is poised for a near six-fold increase in visitor arrivals from two projects that will be “the catalyst for tourism’s rebirth” on that island, a Cabinet minister revealed yesterday.Dionisio D’Aguilar, minister of tourism and aviation, to
Industry workshop aim is to meet the standard
The Bahamas Bureau of Standards and Quality (BBSQ) teamed with its Caribbean counterpart to host a Freeport workshop on the development of quality regulation for various local industries. The workshop, held on February 19 in partnership with the CAR
KEEP IT ILLEGAL: Christian Council key official rejects opening door to legal cannabis
A leading Christian Council official advising the body on its position on marijuana has come out against legalising the recreational use of the drug.
Arawak port targets 10-20% profits rise
The Nassau Container Port’s operator yesterday said its 2020 profits could beat the prior year by as much as 10-20 percent following a stronger-than-anticipated first half. Dion Bethell, Arawak Port Development Company’s (APD) president and chief fi
BTC suffers further 4% mobile subscriber drop
THE Bahamas Telecommunications Company (BTC) suffered a further 4 percent mobile subscriber erosion in the 2019 fourth quarter, it was revealed last night, while struggling to penetrate other market segments. Liberty Latin America (LiLAC), the Baham
400k Dorian funds lawsuit
GINA Knowles, a co-founder of the HeadKnowles Foundation, has sued her former partner Lia Head-Rigby and her husband, accusing them of using GoFundMe funds for personal use while violating a mandate to send all the donations to The Bahamas.
Insurer suffers $220m in Hurricane Dorian claims
JS Johnson’s underwriting affiliate suffered just a $105,787 net loss for 2020 despite incurring more than $220m in insurance claims, it was revealed yesterday.The BISX-listed broker and agent, unveiling its results for the full-year and fourth quart
Ex-FNM minister: 6% unemployment rate 'improbable'
The prime minister’s pledge that the unemployment rate will be slashed to a 21st-century low of six percent within 18 months was yesterday branded “highly improbable” by an ex-FNM Cabinet minister. Zhivargo Laing, former minister of state for financ
Fidelity's loan portfolio 'better than pre-Dorian'
A BISX-listed bank’s loan book has performed “better post-Dorian” than before the storm, a top executive revealed last night, adding that it has set an initial $26m profit target for full-year 2020.Gowon Bowe, Fidelity Bank (Bahamas) chief financial
BOB profits decline $1m on 141% credit loss rise
A 141 percent increase in loan loss provisions due to Hurricane Dorian and new accounting treatments have been blamed for cutting Bank of The Bahamas’ first-half profits by more than $1m. The BISX-listed institution, unveiling its results for the si
Get 'house in order' for aircraft registry
The Bahamas will be unable to fulfill its aircraft registry ambitions unless it “gets its house in order” on the industry’s civil aviation regulatory regime, a Cabinet minister has admitted.Dionisio D’Aguilar, pictured, minister of tourism and aviati
Cable chief places 'undivided attention' on customer service
Cable Bahamas top executive says customer service and content quality will have his “undivided attention” for the next one-two years following completion of the firm’s $301.5m US exit.Franklyn Butler, pictured, the BISX-listed communications provider
‘Buddy Marvellous’: Hield wins NBA All-Star 3-Point contest
Buddy Hield needed a nearly perfect final round to become the NBA’s new three-point champion and the Grand Bahama native did just that to highlight his appearance at the league’s All-Star Weekend.
Investors buy up 35% of oil explorer's fund
A Bahamas-based oil explorer says it achieved its targets after local investors purchased 35 percent of the available shares in the investment fund it created.Simon Potter, the Bahamas Petroleum Company’s (BPC) chief executive, said in a statement th
DPM: Bahamas 'far from' uncontrolled debt spiral
The government is “far from” an uncontrolled debt spiral, the deputy prime minister argued yesterday, while voicing concern that a PLP administration would not remain faithful to fiscal consolidation. K Peter Turnquest told Tribune Business that Bah
