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PM: 20% hotel vacancy cut to hit jobless goal
The prime minister yesterday argued his six percent unemployment rate goal can be achieved by increasing average occupancy rates at existing Bahamian hotels by 20 percentage points. Dr Hubert Minnis, telling the House of Assembly that his ambitious
Sides differ on oil hearing
An oil explorer and its opponents have given sharply different versions of the Christmas Eve legal battle that set up today’s hearing on the Judicial Review challenge to halt its exploratory drilling.
ingraham pays tribute to ‘proud son of the Bahamas’
FORMER Prime Minister Hubert Ingraham also gave condolences in the wake of Sir Sidney Poitier’s death.
Tourism targets local sourcing boost to reduce dollar 'leakage'
The Bahamian tourism industry yesterday said it was vital to source more product locally if this nation is to slash the ‘leakage’ of 85 cents from every visitor dollar earnedThe Bahamas Hotel and Tourism Association (BHTA) said this objective is why
Woodside and Capers extend winning streak
DIANGELO Woodside and his Cape Breton Capers concluded the home portion of their Atlantic University Sport regular season and extended their win streak to five games.
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.
Kidney disease in the Bahamas
Tuesday July 17th, 2012 marked the first Anniversary of The Dialysis Centre Bahamas on Collins Ave, Nassau, Bahamas.
Radio stations fear closures under URCA changes
THE Utilities Regulation and Competition Authority (URCA) has come under fire for its plans to “standardise” FM radio broadcasting, with industry insiders accusing the regulator of making the sector “pay” for the organisation’s “mismanagement”.
MPs: Minnis not a man of his word
SIX FNM parliament members have put together a damning case against their leader, Dr Hubert Minnis, highlighting a myriad of inefficiencies, including his failure to take command of the party “at almost every turn” despite their repeated efforts to support him.
‘Settle down’ before tax crackdown tie-in
The Government should allow the corporate real estate market to “settle down” before seeking to tie Business Licence renewals to property tax compliance by commercial landlords, a prominent realtor argued yesterday.
Atlantis hits pre-COVID cash flows with $182m
Atlantis has “stabilised” its net cash flow at pre-COVID levels by generating $182.3m for the year to end-March 2023, it was revealed yesterday, as analysts reaffirmed the credit ratings on its $1.2bn debt.
ALWAYS THERE FOR US: Queen Elizabeth II dies age 96
AFTER 70 years on the throne, making her the longest reigning monarch in British history, Queen Elizabeth II died peacefully at her summer residence in Scotland yesterday at the age of 96.
Astros win World Series
HOUSTON (AP) — Yordan Alvarez hit a moon shot that sent Space City into a frenzy, and the Houston Astros to their second World Series title.
COVID ‘bummer’ for Bimini revival
A prominent Bimini dive operator yesterday revealed significant cancellations as a result of newly-imposed COVID restrictions, which he branded “a bummer” for hopes of an economic “shot in the arm”.
‘True fall-out’: Household loan defaults grow $58m
MORTGAGE and consumer loan delinquencies increased by $58m during October 2020 with a senior banker warning it may take five to seven years to recover from COVID-19’s “true fall-out”.
Tiger’s on par for a Hero comeback
The third edition of the Hero World Challenge is set to tee off at the Albany resort in just a few days, once again featuring some of the top ranked golfers on the PGA Tour competing in the Bahamas.
Time to pay for our lunch
Milton Friedman was a Nobel prize winning economist famous for repeating a truism of life: there ain’t no such thing as a free lunch.
DIANE PHILLIPS: The Atlantis lesson on xenophobia
SOMEONE I highly respect reminded me recently of the reaction Bahamians had when we heard a hotel magnate from South Africa, a man known to throw lavish parties aboard a private jet and enrich himself in a land of apartheid, had purchased much of Paradise Island. Bahamians were enraged, apoplectic.
INSIGHT: A bad investment - don’t you believe it
The Cable Bahamas (CAB) share price quoted on BISX has suffered a stunning fall of almost 40% in the last 18 months, from $6.50 to $4.00. EPS (earnings per share) dropped from $0.28 in 2014 to a loss of ($0.38) in 2017, and last year quarterly dividends on the ordinary shares were indefinitely suspended.
Ayton flashes new aspect of his offensive game, ‘Buddy’ has led Kings in scoring
THE NBA restart has gone through two of three scrimmages at Wide World of Sports Complex in Orlando, Florida, and both Bahamian players at the NBA “clean site” appear ready to perform at a high level once the games count toward the record books.
