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Nassau airport loss up 8-fold to $37.4m
The Nassau Airport Development Company’s (NAD) net loss rose more than eight-fold to $37.396m for the year to end-June 2021, exposing the full extent of COVID’s devastating travel impact.
BOB ‘reputation’ boost from $15m repayment
Bank of The Bahamas believes it will boost its “reputation and creditworthiness” by repaying its last $15m in preference share debt, and declaring an interest dividend, before year-end 2018.
Nassau port operator targets 16% profit rise
The Nassau Container Port operator is targeting a 16.26 per cent increase in shareholder profits for its 2017 financial year, with import volumes already 5 per cent ahead of projections for the first three months.
Vacation rentals ‘explosion’ threat to hotel business
The “exploding” vacation rental market will likely eat into hotel occupancy rates, a Bahamian realtor predicted yesterday, estimating that 20 per cent of this nation’s stopover visitors are currently using such accommodation.
PLP’s ‘mind boggling’ omission of fiscal crisis
An FNM candidate yesterday said it was “mind boggling” that the Progressive Liberal Party’s (PLP) 2017 election ‘action plan’ fails to mention how it will address the Bahamas’ fiscal crisis, adding: “They don’t want Fiscal Responsibility.”
Confidence too low ‘to drive the growth the Bahamas needs’
Business and consumer confidence are still too low to “drive the level of economic growth the Bahamas needs”, AML Foods chief executive said yesterday, with election uncertainty set to “dilute” Baha Mar’s impact.
Brewery concerned on spirits smuggling rise
Commonwealth Brewery’s managing director has expressed concern about a 2013 first quarter increase in spirits smuggling, although total sales remained “higher than historical trends”.
Mortgage Corp may need $117m capital inject
The Bahamas Mortgage Corporation (BMC) needs a capital injection of more than $117.129 million to enable it to meet all bond principal and interest payments when they become due.
Take financial services 'to the next level'
The Bahamas must decide whether to take its financial services business “to the next level or watch its current market base erode”, a leading attorney yesterday calling for the industry to develop a ‘Master Plan’.
$100m Cable offer oversubscribed on its launch day
Cable Bahamas’s $100 million preference share issue was oversubscribed on its first day, but Bahamian institutional investors were yesterday urged to continue buying in as the company will “take what it can get”.
Bahamian fall in Baha Mar queue ‘terrible’
The Bahamian Contractors Association’s (BCA) president has slammed the industry’s fall in the Baha Mar creditors queue as a “terrible situation”, which will make it harder to recover the collective $74 million owed to the sector.
Epic victories for Bahamas Water polo teams in Florida
BAHAMAS Water Polo is celebrating after an epic last day at a prestigious tournament in Florida as both the Under-16 and the Under-14 boys teams won their respective place finals with sudden-death goals against formidable opponents.
More than 170 graduate from training agency
MORE than 170 graduates from the National Training Agency located on Gladstone Road recently received their certificates in entry-level job training for the careers of their choice.
NPBA: Cybots holf off Caribs 84-81, Athletico tops the Legends 104-95
THE New Providence Basketball Association (NPBA) continued its regular season at the AF Adderley Gym Wednesday night. The Mail Boat Cybots and Athletico Bahamas earned wins in the double header.
Rescued: Baby manatee saved by researchers
RESEARCHERS turned rescuers when a baby manatee had to be untangled from fishing line in Spanish Wells, Eleuthera.
Albury says VAT is part of a ‘trifecta’ depressing car sales
CONSUMERS are now beginning to feel the true impact of Value-Added Tax (VAT) on the cost of living, a local businessman said yesterday.
It's up to You, the Government
EDITOR, The Tribune.
Hotels support increase in NIB
HOTELS are in full support of an increase to the contribution rate for the National Insurance Board planned for next July, according to Robert Sands, the Bahamas Hotel and Tourism Association’s president.
Cable Bahamas needs competition
I would like to take some time to address the issue of Cable fees being raised.
FNM calls for rethink on Rand Memorial project
THE Free National Movement is calling on the Christie Administration to reconsider its decision to cancel the Rand Memorial expansion and improvement project.
