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Gov’t launches new bond in $150m issue
The Government will launch its new short-term debt security on July 22 via a $150 million offering to institutional investors, Tribune Business can reveal.
Contractor slashes workforce by 90%
THE Bahamian construction industry was yesterday described as nearing a “critical point”, with one well-known contractor telling Tribune Business that his operation had cut staffing levels by 90 per cent or more than 100 persons.
Developers eye $90m San Salvador project
A third-party developer is in talks with the Government over a proposed $90 million investment to expand San Salvador’s Club Med property and wider tourism industry.
PRIVATE SECTOR LOAN DEFAULTS HIT $301M
By NEIL HARTNELL Tribune Business Editor Almost one-third of commercial bank loans to Bahamian businesses are in arrears, something the Bahamas Chamber of Commerce and Employers Confederation's (BCCEC) chairman described as a sign that economic recovery
Lucius Fox Player of the Week, Knowles promoted, Young back in AAA
D’SHAWN Knowles and Chavez Young received call-ups in their respective organisations while Lucius Fox was named Player of the Week to highlight play from Bahamians in minor league baseball.
Jonquel leads her team into title series in WCBA
JONQUEL Jones’ offseason in China has seen her become one of the league’s most dominant players as she leads her team into this weekend’s Championship series.Jones leads the Shanxi Xing Rui Flames into the championship of the Women’s Chinese Basketball Association for a best-of-five matchup against the Beijing Great Wall.
Sandals aiming to hold 'mid-90' occupancies until August
SANDALS Royal Bahamian saw a "fairly healthy May and June", its general manager, Patrick Drake, telling Tribune Business that the all-inclusive resort was running at 90 per cent occupancy - a level it expects to hold until about mid-August.
UPDATED: Absent Nygard sentenced to 90 days, fined $150,000
Canadian fashion mogul Peter Nygard was sentenced to 90 days in prison and fined in the Supreme Court on Friday after being found in contempt of court.
$13.4bn flowed through FTX Bahamas accounts
Some $13.4bn flowed through FTX's Bahamas accounts in the ten months immediately prior to the crypto exchange's collapse, its liquidators revealed yesterday, as they sought to dispel allegations it was "a nullity".
Bacardi purchasers targeting $90m waste-to-energy plant
THE Bahamian investor group that acquired the former Bacardi factory has approached the Government about constructing a $90 million waste-to-energy plant at the southern New Providence site, its principal yesterday telling Tribune Business it aimed to slash electricity costs by "50 per cent or more".
NPBA ACTION HEATS UP
THE New Providence Basketball Association continued play at the DW Davis Gymnasium Tuesday night.Division IThe JD’s Seafood Shockers kept pace in the Vince Ferguson division and improved their record to 7-3 with a 74-67 win over the Leno Regulators.T
HURRICANE ANALYSIS: Westward shift in Matthew’s forecast track brings threat to Florida
Very dangerous Hurricane Matthew is maintaining Category 4 strength as it heads northwards at 6mph, and is already dumping potentially catastrophic rains on Haiti and the Dominican Republic as it moves towards the Bahamas.
AJ Storr suits up for Red Storm in Big East
FOUR star freshman guard AJ Storr leads a highly touted incoming class expected to propel the St John’s Red Storm back into contention of a competitive Big East Conference.
Falling short: Minnis addresses power crisis - but blackouts go on
PRIME Minister Dr Hubert Minnis expressed deep unhappiness with the state of power generation in New Providence yesterday, calling it unacceptable.
Freeport store releases 22 due to 90% fall-off
A major Freeport hardware and supply store has been forced to let more than one-third of its employees go after Hurricane Dorian wiped out 90 percent of its revenue and inventory.
Bahamas 'ass backwards' over oil negotiations
A well-known attorney yesterday said the Bahamas had done an “ass backwards” job in negotiations with the Bahamas Petroleum Company (BPC), arguing that the country should receive “no less than 60 per cent” of the proceeds if commercial quantities of oil were discovered.
Jones and Sun clinch second straight WNBA playoff berth
JONQUEL Jones and the Connecticut Sun continue to click at the right time and clinched their second consecutive WNBA playoff berth.The Sun defeated the Dallas Wings 101-92 at the College Park Center in Arlington, Texas, on Wednesday night.It was the
PRO basketball players tip off regular seasons in Europe
PRO basketball leagues across Europe have tipped off their regular seasons and several Bahamian players were active in their respective teams’ debut. Both Domnick Bridgewater and Kentwan Smith got off to winning starts in France’s Nationale Masculine 2 (NM2) League. Bridgewater led Sapela Basket 13 to an early 2-0 record and recorded another double double.He finished with 19 points and 10 assists in a 90-74 win over Le Cannet Cote d’Azur Basket.
Mackey Jr and Levarity get double doubles in win
BOTH Bahamian players posted double doubles to bring an end to Lyon’s two game skid in France’s Nationale Masculine 1 League.
NPBA: Rockets, bucket in the win column
THE Aliv Bucket and the Discount Distributors Rockets clinched the two victories in the New Providence Basketball Association double header at the AF Adderley Gymnasium on Wednesday night.
