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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.
Digital banking can’t be ‘rammed down throats’
A senior banker yesterday said the industry must adopt the “Mary Poppins with medicine” approach in encouraging more Bahamians and businesses to switch to digital transactions.
29% qualification rate over Mortgage Relief
A Cabinet Minister yesterday said 29 per cent of troubled borrowers contacted to-date had completed the requirements to enter the Government’s Mortgage Relief Plan, although he emphasised that this - and other legal changes - were “not a panacea” for the Bahamas’ housing crisis.
COVID mask deterrent ease for cruise tourists
The Government’s COVID enforcers have eased the mask-wearing mandate for cruise ship passengers as vessel occupancy for Nassau berths hit a post-pandemic record of 91 percent last Friday.
Provider offers $500-$600m waste to energy plant
A Bahamas-based renewable provider is offering to build and operate an estimated $500-$600 million plasma waste-to-energy plant at the New Providence landfill, creating 400-500 full-time jobs, in the process.
Devynne helps lead the Boilermakers to second place
DEVYNNE Charlton turned in another big performance over the weekend as she helped to lead the Purdue University Boilermakers women’s track team to a second place finish at the Big Ten Conference Championships in Geneva, Ohio, where she turned in three personal best times, two school records, a facility record and a Bahamian national record.
‘Distress’ as private emails revealed by Fitzgerald
SAVE The Bays Director Joseph Darville has said in a newly filed Supreme Court affidavit that the recent public disclosure of STB members’ personal emails by a member of Parliament is “extremely distressing” as it was an invasion of privacy that has left all involved feeling violated.
Penalty for small amount of cannabis higher than other Caribbean countries
THE penalty for having a small amount of cannabis in The Bahamas would be higher than most countries in the Caribbean that have decriminalised the drug if the Davis administration’s proposed legislation becomes law.
Safety August Campbell making his presence felt with Duke Blue Devils
THE Duke Blue Devils split their first two games of the 2012-13 NCAA football season and August Campbell is already staking a claim as a prominent member of the defensive unit.
HOW WE GOT INTO THIS MESS TO START WITH
THERE’S a story doing the rounds that bears repeating. The location is a small town somewhere.
Bahamas beats exchange rate pressure average
The Bahamas’ fixed exchange rate has exceeded the average for small island states by coming under pressure three times’ between 1999-2010, an International Monetary Fund (IMF) paper has revealed, with its foreign reserves covering only 60 per cent of a new benchmark its authors have developed.
FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION
By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop
FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION
By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop
FIRSTCARIB MARKET CAP SHRINKS 44% DURING RECESSION
By NEIL HARTNELL Tribune Business Editor CIBC FirstCaribbean International Bank (Bahamas) has seen its market capitalisation plummet by 44.4 per cent since the recession started, its 2011 annual report disclosing that return on equity (RoE) had also drop
‘Time to move on from PCR test’
FORMER Health Minister Dr Duane Sands has suggested the government move away from RT-PCR tests as the gold standard to determine COVID-19 infection and instead embrace “newer technology” that he says is cheaper to operate.
Abaco resident says island is unsafe to live
AS survivors of Hurricane Dorian face the challenge of rebuilding their shattered lives, there is also the constant fear that desperation and chaos will lead to violence.
‘Looters took everything’ says Abaco storm survivor
AS survivors of Hurricane Dorian face the challenge of rebuilding their shattered lives, there is also the constant fear that desperation and chaos will lead to violence.
EDITORIAL: A shift in the US court balance
THIS is the time of each year when the United States Supreme Court wraps up its yearly activity with a rash of judgments to mark the end of its latest term. Often, these decisions do not garner dramatic headlines, because the issues may touch on obscure constitutional points of law or practically not affect too many people.
Homeowners to be paid to take in university students
THE University of The Bahamas has enacted Prime Minister Dr Hubert Minnis’ vision of paying rent to homeowners who accommodate university students in their homes, UB president Dr Rodney Smith said yesterday.During his budget communication in June and
Munnings reaches 1,000 career points, 800 rebounds
THE weekend featured milestones, career highs and several teams that got back into the win column for Bahamians in NCAA Division I basketball.
