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Insurer’s $5m payout to boost equity return
A Bahamian insurer will “significantly reduce our cost of capital” by redeeming $5m in preference shares as it awaits regulatory approval to acquire an agency owned by one of its main shareholders.
Giants 3-peat
The Commonwealth Bank Giants came from a 2-0 deficit to sweep the MailBoat Cybots in the final three games and three-peat as the New Providence Basketball Association (NPBA) champions.
BGDBA Playoffs: Crimestoppers tie series 1-1, Cybots win game one
THE Police Crimestoppers tied their series 1-1 with the Ministry of Youth, Sports and Culture Panthers.
Junior college basketball prospects soak up early season success in US
BAHAMIAN basketball prospects have teamed up at the junior college level across the United States and have experienced early season success with their respective programmes.
Nurses agreement ‘to be signed soon’
BAHAMAS Nurses Union president Amancha Williams says the union has no issues with a proposed industrial agreement that is nearing completion, adding it will be signed soon.
WSC invites bids for water systems in Long Island, Crooked Island
WATER and Sewerage Corporation Executive Chairman Adrian Gibson on Wednesday invited bids for a project that will provide access to quality water supply systems in north Long Island and Crooked Island.
Baha Mar teases Melia plan as volumes up 20%
Baha Mar’s president yesterday hailed an “extraordinary first quarter” and “record March”, with 2023 business volumes up 20 percent year-over-year, as he revealed plans to redevelop the still-closed Melia resort will be unveiled imminently.
Doctors chief: Non-COVID patient care ‘under threat’
Doctor’s Hospital’s top executive yesterday warned that care for non-COVID patients is “under threat” as pandemic sufferers drive bed occupancy levels at its main hospital to near 80 percent.
High schools: Bahamian players get ready for the American football post-season
AMERICAN football heads into post-season play for high schools across the United States and several Bahamian players will figure prominently in the playoff plans for their respective schools.
Deal signed for 507 more CCTV cameras
THE Ministry of National Security signed a contract with Proficient Business Services yesterday for the expansion of the government’s closed-circuit television system, adding an additional 507 cameras to the initiative. National Security Minister Ma
INSIGHT: Crime prevention is no mystery, just follow expert advice
Drawing on his experience of a career in policing and private security, Paul Thompson offers advice on how the pubic can stop themselves from becoming victims of crime . . .
Scotia profits up 266% through ‘bad loan’ sale
Scotiabank (Bahamas) yesterday said it had gained $7 million from the sale of non-performing mortgage loans, which helped to drive a 266 per cent increase in 2016 profits.
Top official hopes surge is slowing down
THE country recorded 2,489 cases of COVID-19 in the first clinically monitored week of 2022, according to Acting Chief Medical Officer Dr Phillip Swann.
Auto dealers ‘take a bath’ from Matthew
New car dealers yesterday told Tribune Business they “really took a bath” in October, with sales “the worst” in recent memory due to Hurricane Matthew and the struggling economy.
Activist: Vote is not a waste of time
ACTIVIST Marion Bethel yesterday disagreed with statements made by former Court of Appeal President Dame Joan Sawyer as she called for heightened education and public awareness in the lead up to the gender equality referendum.
Bleachers mean Bay Street ‘looks like a prison’
The Downtown Nassau Partnership’s (DNP) managing director yesterday expressed “extreme disappointment” over the placing of Junkanoo bleachers on Bay Street so far ahead of the parade, arguing that it “looks like a prison rather than a city centre”.
Bank not obligated to provide further Baha Mar finance
Baha Mar’s $2.45 billion lender yesterday said the developer had contractually committed to financing any cost overruns on the project, and it was not obligated to provide further money.
Chamber says wage hike ‘was the best option’
CHIEF Executive of the Bahamas Chamber of Commerce and Employers Confederation Edison Sumner yesterday dismissed concerns raised by some private sector employers over the recent minimum wage increase, saying that the approved $210 rate was the “best option on the table”.
‘Showdown in Paradise’
The 2024 World Relays to be hosted on home soil at the Thomas A Robinson National Stadium is already shaping up to be exciting but officials added another layer of excitement with the launch of the pregame show “Showdown in Paradise”.
Caribbean hotel rivals beat Bahamas' 5% RevPAR rise
By NEIL HARTNELL Tribune Business Editor The Bahamian hotel industry's 5 per cent revenue per room (RevPAR) increase for the first nine months in 2011 was overshadowed by greater rises in many Caribbean competitors, as an industry consultant yesterday to
