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Misguided to compare GB Power with BEC
The Opposition’s deputy leader yesterday said protesters were comparing “apples with oranges” in arguing that Grand Bahama Power Company’s tariffs should at least match BEC’s, adding that the former’s newly-approved rate structure “strikes a relatively decent balance”.
Bahamas ‘50% likely’ to suffer credit rating cut
The Bahamas faces “at least” a 50 per cent chance of a sovereign credit rating downgrade within the next 90 days, after Standard & Poor’s (S&P) last night placed this nation on ‘negative creditwatch’ due to Baha Mar’s Chapter 11 filing.
Kerrie wins title
It was deja vu for Kim Griffith-O’Kelley and Dyphany Mortier as their big rivalry in the Bahamas Lawn Tennis Association back in the 1980-90s was renewed when their daughters Kerrie Cartwright and Dominique Mortier hooked up in the final of the Giorgio Baldacci Elite Open National Tennis Tournament.
Cybots celebrate
Practice makes perfect. Just ask the Mail Boat Cybots. Whenever they were not playing, win or lose, coach Wayde Watson had his Cybots in the gym preparing for their next game in the New Providence Basketball Association men’s best-of-seven championship series. Now they can look back and celebrate as the new champions.
$6m marina 'initiates' PMs'vision for Nassau harbour
The developers behind a $6 million marina in Nassau Harbour yesterday said they hoped it acted as “a catalyst” to further redevelop downtown, telling Tribune Business the project was 70 per cent complete and likely to create 30-40 full-time jobs.
Mortgage plan covers just 37% of bad home loans
The Bahamian commercial banking industry has calculated that the Government’s proposed Mortgage Relief Plan will cover just $165 million in past due principal and accrued interest owing, a sum equivalent to just 36.7 per cent of all non-performing home loans.
Act changes to eliminate Industrial Tribunal 'conflict'
Planned legal amendments will eliminate a ‘potential conflict’ that requires the Industrial Tribunal to act “as judge, jury and executioner” over industrial agreements, a union leader yesterday telling Tribune Business that “90 per cent” of these deals were not registered.
Tourism ‘doesn’t need any more’ air fare fees
The Bahamas must work with the airline industry “to put a ceiling” on travel costs to the destination, a senior hotelier is asserting, as this nation “doesn’t need any more taxes” included in ticket prices.
Financial service executive settles on $615k 'offer'
By NEIL HARTNELL Tribune Business Editor A Bahamian financial services executive has settled an action brought against him by Canadian regulators over a "false, misleading" $615,000 securities offering, agreeing to accept "the reduced charge of acting ag
Financial service executive settles on $615k 'offer'
By NEIL HARTNELL Tribune Business Editor A Bahamian financial services executive has settled an action brought against him by Canadian regulators over a "false, misleading" $615,000 securities offering, agreeing to accept "the reduced charge of acting ag
Financial service executive settles on $615k 'offer'
By NEIL HARTNELL Tribune Business Editor A Bahamian financial services executive has settled an action brought against him by Canadian regulators over a "false, misleading" $615,000 securities offering, agreeing to accept "the reduced charge of acting ag
Financial service executive settles on $615k 'offer'
By NEIL HARTNELL Tribune Business Editor A Bahamian financial services executive has settled an action brought against him by Canadian regulators over a "false, misleading" $615,000 securities offering, agreeing to accept "the reduced charge of acting ag
Financial service executive settles on $615k 'offer'
By NEIL HARTNELL Tribune Business Editor A Bahamian financial services executive has settled an action brought against him by Canadian regulators over a "false, misleading" $615,000 securities offering, agreeing to accept "the reduced charge of acting ag
Homeowners tell PM: Honour $40k rebate
Frustrated homeowners in a Fort Charlotte subdivision yesterday said the prime minister has yet “to honour” his pledge to give them a $40,000 rebate on the government houses they purchased.
Atlantis 'domino effect' failing to materialise
The hotel union’s president says the hoped-for “domino effect” from Atlantis announcing its July 7 re-opening has failed to materialise after Baha Mar delayed its own comeback and warned of “staff reductions” to come.Darrin Woods, the Bahamas Hotel,
'Don't presume we'll sacrifice tourism for oil'
Bahamas Petroleum Company (BPC) was yesterday warned "not to presume that Bahamians will collapse and sacrifice the world's most successful per capita tourism industry" even if oil is discovered.
COVID 'reality' hits banks: Loan defaults spike $83m
Bahamian commercial banks saw loan defaults spike by $83m in August as the sector started to feel the COVID-19 chill, with one senior executive saying: "The accounting is catching up with reality."
NHI registration of physicians begins
GOVERNMENT officials yesterday announced the launch of National Health Insurance’s primary care physician registration, which NHI senior officials said is a “critical milestone” that signals the “initiation” of the second phase of the government proposed scheme.
Small businesses urged: Delay lay-offs to October
Small businesses were yesterday urged to delay lay-offs until October, a sector consultant revealing over one-third of his clients are eyeing immediate cutbacks amid VAT-related “panic”.Mark A Turnquest told Tribune Business that while start-ups need
Fresh doubts on Shell role in new power plant deal
A Cabinet minister yesterday raised fresh doubts over whether Shell North America will be involved in financing, constructing and owning New Providence’s proposed multi-fuel power plant. Desmond Bannister, minister of works, told reporters outside t
