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Contractor chief: ‘I cut 80% of staff to survive’

The Bahamian Contractors Association’s (BCA) president yesterday told Tribune Business he was forced to lay-off 80 per cent of his own staff “just to survive”, as he called on the Government and private developers to bring “sweet relief” by kickstarting the housing market.

Spartans suffer 80-69 loss to Badgers in Big 10 title game

CHAMPIONSHIP Week is in the books, and it was a series of contrasting results for Bahamian players in their respective Men’s Division I conference tournaments.

Hield scores 21 in loss to 76ers

SACRAMENTO, California (AP) — Chavano “Buddy” Hield scored 21 points last night but it wasn’t enough as Joel Embiid’s 25 points and 17 rebounds helped the Philadelphia 76ers turn up the defensive intensity in the fourth quarter to beat the Sacramento Kings 119-111.

Irma hits 80% of Bahamas’ marina market

Bahamian marinas are concerned that Hurricane Irma’s strike on Florida could impact 80 per cent of their market, although most reported no storm-related damage themselves.

Bad weather now blamed for blackouts

BAD weather conditions caused technical difficulties that took power out in several communities yesterday. The areas included Gamble Heights, Nassau Village, the Grove, South Beach Estates, Carmichael West, Ferguson Estates and Collins Avenue, accor

TRIBUNE POLL: Govt's response to December shootings 'poor'

Voters in The Tribune poll have slammed the government's response to the spate of shootings last month.

Top ballers making an impact in Europe

EARLY in their respective seasons, some of the country’s top national team members and prominent names in Bahamian basketball are adjusting well to their new surroundings on the European and Middle Eastern circuit.

Baha Mar admits to no redundancy cash

Baha Mar has admitted it “does not have sufficient cash” to pay its 2,400 employees due compensation should it have to make them redundant, as its $80 million financing facility has been blocked - at least for the moment - by Government and Chinese opposition.

PM tours construction site

PRIME Minister Dr Hubert Minnis and Minister of Tourism Dionisio D’Aguilar toured the Goldwynn boutique hotel construction site on West Bay Street yesterday. Construction on the $120 million project has resumed after a temporary stop due to COVID-19

Cable's $100m issue to slash debt costs

Cable Bahamas is aiming to slash interest costs by up to two percentage points via its $100 million preference share restructuring, revealing to Tribune Business yesterday that its Florida and local growth initiatives are “on plan”.

Mega Bemax hold off Texas Tech Red Raiders, 76-73

THE Bahamas Basketball Federation’s 2019 Summer of Thunder men’s play concluded on Sunday at the Kendal Isaacs Gymnasium with the Mega Bemax holding off Texas Tech Red Raiders 76-73. Meanwhile, over at the makeshift gymnasium in the ballroom at the

More players register for Ed Armbrister Baseball League

WITH an increase in the registration of players, the Ed Armbrister Baseball Camp will revert back to a full-fledged league. According to Michael Butler, one of the organisers, they made the decision to host a league as opposed to a baseball camp bec

Nassau/PI resorts in New Year sell-out

MAJOR Nassau/Paradise Island resorts are predicting traditionally strong occupancies over the Christmas and New Year’s holiday period.

Oil explorer fears its major $100m asset 'extinguished'

The Bahamas Petroleum Company (BPC) has warned that its "major $100m asset will be extinguished", thereby threatening its survival, if the Supreme Court halts its oil drilling activities.

Sports notes

THE Baptist Sports Council has announced that their 2015 Softball Classic will get underway on Tuesday, November 17, at the Banker’s Field at the Baillou Hills Sporting Complex.

VAT covering 99% of economy despite $50,000 exemption

THE Government’s plan to exempt businesses with an annual turnover of $50,000 or less from paying Value Added Tax (VAT) will capture “99 per cent” of the turnover taking place in the Bahamian economy, a senior Ministry of Finance official believes, relieving small businesses from the compliance burden.

A massive U-turn in China

ActivTrades

Having maintained a strict zero- COVID policy for almost three years, the Chinese government had become a prisoner of it. The strategy was designed to address the low vaccination rates of the elderly population (80 million people aged 80+ years are not vaccinated and 44% of the population did not receive the third dose, this percentage rising to 60% among people aged 80+ years). And, although studies in Hong Kong comparing CoronaVac with BioNTech’s vaccine have not been conclusive, the Chinese government did not seem to have much confidence in the degree of immunity provided by their own vaccines.

The Tribune

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