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AML Foods in deal over one Carl's Jr site

AML Foods has agreed to sell the equipment, and assign the lease, for its former Carl’s Jr site on Carmichael Road as it winds down a unit that generated a near-$1.5m loss in its final year.The BISX-listed food retail and franchise group, in its annu

Trust eyes 10 PPPs for National Parks

The Bahamas National Trust (BNT) yesterday revealed it is “exploring” ten ventures with private entities involving the country’s National Parks, but pledged: “Nothing unethical will be allowed.”Eric Carey, pictured, the BNT’s executive director, conf

Baha Mar drives 32% increase in room revenues

Baha Mar’s full opening helped drive a 32 percent room revenue increase among major hotel properties for the 2018 first half, although room rates rose by a much smaller amount.The Central Bank, in its monthly economic report for July, credited the $4

Nassau gains 15% airlift capacity boost

Seat capacity on flights from key US tourist markets to Nassau is expected to increase by almost 15 percent over the next six months, it has been revealed.Nassau Airport Development Company (NAD), the company that runs Lynden Pindling International A

Mortgage market 'in very bad shape'

THE Bahamian Contractors Association’s (BCA) president yesterday said the “very low” number of qualifiers for the government’s low-cost serviced lot initiative was likely “not a true indicator” of the market.Leonard Sands argued that there would be a

Aliv: We're gaining what BTC's losing

Aliv’s top executive yesterday said it has seized one-third of the Bahamian mobile market by gaining the business its rival is losing, as it switches focus to its “innovation agenda”.Damian Blackburn told Tribune Business that the mobile upstart curr

Bahamas 5th at FIBA Centrobasket Championship for women

WITH a pair of wins against Costa Rica, the Bahamas finished fifth at the 2018 FIBA Centrobasket Championship for women and missed qualification for the FIBA Women’s AmeriCup 2019.

Bet Vegas plays fair

I have always supported and still do the so-called gambling, wagering or numbers industry. In fact, the first media personality to advocate for the legalisation and regulation of the same. During the assorted opinion polls, I stood tall and proud to support the “yes” vote. A number, pardon the pun, of individuals and corporate entities supported the same, inclusive of myself and several prominent clerics, et al.

Bahamas-bound banker’s guilty plea to $1.2bn scam

A Bahamas-bound private banker has pled guilty to his role in a $1.2bn money laundering scheme that sparked an investigation by local financial services regulators.

Bahamian players advance in junior ITF Championships

HAVING recovered from the shock of being close to an earthquake in Trinidad & Tobago, top ranked Bahamian players Sydney Clarke and Donte Armbrister advanced from their first round set of matches at the Tobago Junior ITF Championships on Wednesday.

Cyber criminals posing as public figures net thousands

NATIONAL Security Minister Marvin Dames yesterday warned the public not to give money to people posing as politicians online as police revealed Bahamians have lost more than $100,000 to cyber criminals this year.Mr Dames said an individual was recent

Five years in jail for ringleader in housebreaking and theft group

A 35-year-old man was convicted and sentenced yesterday to five years in prison in connection with a five-month long housebreaking and theft ring which netted an estimated $13,916 in stolen property.Tiffalo Johnson, of Native Yard, East Street North,

BTC revenue revival after 10k client loss

The Bahamas Telecommunications Company’s (BTC) owner is targeting a 2018 second half turnaround for its slumping top line, after it lost another 10,400 mobile customers due to “competitive intensity”.Balan Nair, Liberty Latin America’s (LiLAC) chief

Ginn developers eyes ten-year VAT 'deferral'

The $2.8bn developer of the former Ginn project may be in line for a ten-year VAT “deferral”, two decades of property tax breaks and “special fuel concessions”, according to leaked papers.A draft copy of the Government’s heads of agreement with Skyli

IAN FERGUSON: Employers and educators - partnering for better business

As students and teachers prepare to return to the classroom, there are some parallel truths regarding the educational and business systems in The Bahamas that should be studied and addressed. We often hear lament of the national “D” average in the sc

Great Exuma Classic winners

The Bahamas Golf Federation held it’s annual Great Exuma Classic last weekend at the Sandals Emerald Bay Golf Course and extends congratulations to the following winners.

RBC silent on claim scam netted $800k

ROYAL Bank of Canada (RBC) executives said yesterday they could not comment on the total dollar exposure or number of Bahamian customers affected by the recent “skimming” fraud, telling Tribune Business however the bank is “co-operating fully” with t

$12m upgrade on Windsor water plant nears completion

BISX-listed Consolidated Water is in the “final stages” of commissioning its Windsor Plant, its chief executive telling shareholders yesterday approximately $12m has been spent on the upgrades.

CONCACAF U-15 SOCCER: Bahamas girls suffer 3-2 loss to Guyana

THE Bahamas suffered a heartbreaking loss yesterday and remained winless at the Confederation of North, Central America and Caribbean Association Football (CONCACAF) Girls’ Under-15 Championship.The Bahamas surrendered a second-half lead to Guyana in

CIBC says - make that a double

For the second year running CIBC FirstCaribbean has been named “Best Wealth Management Provider” in The Bahamas by World Finance magazine.“We’re absolutely thrilled,” said Brent Haines, centre manager, private wealth management.He stressed that clien

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