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Revived provider targets ‘100-plus’ staff in next year
A rejuvenated Bahamian communications provider yesterday said it plans to expand its workforce to 100-plus persons over the year, and invest $3 million in completing its network roll-out.
BOB: ‘Break even excellent’ for 2021
Bank of The Bahamas’ top executive says it will “be excellent” if its closes its 2021 financial year in a “break even” position after incurring $20m in loan loss provisions over the past two years.
Bahamasair’s revenue off a ‘staggering’ $32m
Bahamasair’s “staggering” financial losses continue to mount, its chairman revealed yesterday, disclosing that revenues for its just-completed 2020 financial year were down $32m compared to 2019.
'We're working to provide temporary housing in Abaco'
CHAIRMAN of the Disaster Reconstruction Authority John-Michael Clarke said yesterday the authority will be working with the Department of Social Services to determine a solution to provide “temporary” housing in Abaco for displaced shelter victims li
Activists seeking to add Town Planning to oil drilling battle
Oil exploration opponents yesterday sought the Supreme Court's approval to add the Town Planning Committee as a "fourth respondent" in their challenge to Bahamas Petroleum Company's (BPC) drilling.
Oil exploration 'not in country's interest'
A University of The Bahamas (UB) professor yesterday said that exploratory oil drilling is “absolutely against our best interest” as a country due to the nation's climate change vulnerabilities.
Construction starts to take '40-60% hit'
New construction starts will take a 40-60 percent hit, a former Bahamian Contractors Association (BCA) president predicted yesterday, with the industry unlikely to rebound until near year-end. Leonard Sands, pictured , told Tribune Business that whi
ACP Butler: Nothing could have prepared me for Dorian
HURRICANE Dorian brought on a “new phenomena” for Grand Bahama and the northern Bahamas, according to Assistant Commissioner of Police Samuel Butler who admits having to abandon their pre-storm police plans in order to save lives. He said that nothi
Baseball prospects move up MLB Pipeline
BAHAMIAN baseball players continue to progress in their respective organisations as Major League Baseball Pipeline began its annual practice of revealing its top 30 prospects for each franchise.
‘Truly a new day’ as senate passes COVID-19 bill
THE Senate last night passed legislation that will lead to the end of suspensions of certain provisions put in place under the state of emergency.
Warning over coral plague
BAHAMIANS must “sound the alarm” and the government must take swift action to address stony coral tissue loss disease, a fast-spreading bacteria that is ravaging coral reefs throughout the country, says Waterkeepers Bahamas President Joseph Darville.
Govt warned: ‘Move quickly’ on reforms after Ocean Club
A trade union leader yesterday said the One & Only Ocean Club terminations had reinforced the need for the Government to “move quickly” in changing the law to ensure expired industrial agreements remain in effect until new deals are sealed.
‘Bad bank loans’ drop below $1bn
Commercial bank loan arrears fell below the $1 billion mark for the first time in years at end-February 2017, with ‘bad’ credit having declined by almost $200 million over the previous 12 months.
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.
Bran challenges FNM on Andros timber deal
The Democratic National Alliance’s (DNA) leader yesterday challenged the Official Opposition to pursue the latest ‘Chinese deal’ on Andros, given that one of its principals is an FNM MP’s son.
Central Bank: Economy not cutting jobless rate
The Central Bank of the Bahamas has warned that the Bahamian economy is not expanding fast enough to reduce the 13.7 per cent unemployment rate, with tourist arrival growth less than one-third of 2012’s performance.
Chamber chief: 2-2.5% growth is 'a stretch'
The Bahamas Chamber of Commerce’s (BCCEC) chief executive yesterday said it would be “a stretch” for this country to generate even 2-2.5 per cent economic growth for 2013, although he expressed hope that last year’s 5.5 per cent decline in commercial loan arrears was a “sign of things to come”.
URCA moves to end Cable's fixed-line advantage over BTC
Regulators are proposing to place the Bahamas Telecommunications Company (BTC) on a ‘level playing field’ with its main rivals on fixed-line call termination charges over a 90-day period, “promptly removing” a long-standing complaint of the incumbent carrier.
ART OF GRAPHIX: Don't colour brand image
What does your brand colour say about your business? Do you know that colour is the first thing our brain registers before words or shapes? Meaning that colour is registered by the brain before images or typography.
Striping group '90% there' on $8.25m PPP
The Bahamas Striping group is “90 per cent there” in talks with the Government over an $8.25 million ‘public-funded partnership’ (PFP) for airport and road maintenance throughout the Bahamas.
