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Export ban will not ‘collapse’ 1.6m Ilb sector
A BAN on conch exports will not “collapse” the fishing industry, the Bahamas Commercial Fishers Alliance (BCFA) president said yesterday, adding that the organisation backed efforts to preserve a population that generated 1.6 million pounds in recorded landings last year.
‘Pie in the sky’: Gov’t slammed on Freeport regulation claw back
Calls for the Government to reclaim regulatory authority over Freeport have been branded “a pie in the sky idea”, given the existing legal barriers to such a move.
Ingraham complaints dismissed by Deputy PM
IN DEFENCE of the government’s fiscal performance this term, Deputy Prime Minister Philip Davis yesterday dismissed criticisms levelled by former Prime Minister Hubert Ingraham as complaints from an “alternative universe”.
BTC owner proposing 25,000 homes spend
The Bahamas Telecommunications Company’s (BTC) ultimate parent is proposing a “huge” investment to extend its fibre network past another 25,000 homes, not the buy-out of the government’s stake in the carrier. Garfield “Garry” Sinclair, BTC’s chief e
BEC slashes accounts receivables by $14m
THE Bahamas Electricity Corporation (BEC) has cut its accounts receivables by $14 million over the past six months since September 2011 to a current $129 million, its executive chairman told Tribune Business yesterday.
Moody's: Tourism, domestic demand woe make Budget too 'optimistic'
A Wall Street rating agency yesterday effectively warned the Christie administration its Budget sums were unlikely to add up, with the tourism industry - down 18 per cent from its pre-recession visitor spending peak - set to lag the overall economic recovery.
Jonquel Jones posts double double in 84-63 loss
GRAND Bahamian senior Jonquel Jones posted a monstrous double-double of 27 points and 17 rebounds but the No. 22/20 George Washington women’s basketball team dropped a top-25 showdown to #15/10 Stanford 84-63 at the Cardinal’s Maples Pavilion on Saturday.
French Leave developers eye 'quiet opening' in November
DEVELOPERS behind Eleuthera’s French Leave Resort and Marina say that they hope to have a “quiet opening” this November with the launch of four cottages and several amenities, adding that investment in the project to-date was approaching $8m.
Collie: It’s time to ring the bell
FREE National Movement Chairman Sidney Collie yesterday urged Prime Minister Perry Christie to “ring the bell,” insisting that voter registration numbers now indicate that the electorate is “ready and prepared to make their choice.”
‘Satellite meetings’ on Baha Mar continuing
The parties to the $3.5 billion Baha Mar dispute were yesterday said to be participating in “satellite meetings”, as talks seeking to achieve a commercial resolution to the impasse continued.
Miller: Ex-Robin Hood store 'must open' before Christmas
MARIO’S Bowling and Entertainment Palace chief, Leslie Miller, said that despite earlier setbacks he expects to have the former Robin Hood store open by Christmas, telling Tribune Business: “We have to catch Christmas season.”
MLB players vote to end lockout, salvaging 162-game season
NEW YORK (AP) — Major League Baseball's acrimonious lockout ended Thursday when a divided players' association voted to accept management's offer to salvage a 162-game season that will start April 7.
GB Power: No rate rise from $18.3m asset recoveries
The Grand Bahama Power Company’s (GBPC) majority shareholder yesterday confirmed it had been given regulatory approval to recover $18.3 million tied up in retired generation units, although it emphasised this would not lead to an increase in customer tariffs.
NCAA basketball: McCoy gets top honour, Bastian sets career high
MALACHI McCoy received a weekly honour as the top player in his conference and Lathaniel Bastian scored a new career high to highlight play from Bahamian student athletes in NCAA Division II basketball.
Climate change exacerbates Bahamas’ major challenges
CLIMATE change is exacerbating the Bahamas’ challenges with food security, water scarcity and energy security, the Prime Minister said yesterday, over an issue that threatens this nation’s land mass.
PM: Digital asset ambitions to rebuild financial services
The Prime Minister yesterday said The Bahamas’ ambitions to become a digital assets hub will help it recover financial services activity that has been lost to the “global assault” on international financial centres (IFCs).
Corporations facing $1.6bn pension hole
The Government-owned corporations will have a collective $1.6 billion deficit in their employee pension plans by 2032 unless urgent reforms are enacted, a report obtained by Tribune Business reveals.
QC: Web shop tax hikes breach EU’s demands
Island Luck’s attorney yesterday warned that the web shop tax hikes place The Bahamas “in clear and present danger” of violating the European Union’s (EU) anti-tax evasion offensive.
'Behaviour issues' generate 65% of employee firings
Almost two-thirds of employee firings in the Bahamas stem from ‘behaviour problems’, an Inter-American Development Bank (IDB) report has revealed, finding that “the lack of skills” among workers is the main barrier to their hiring.
Central Bank asked Gov't for $400m 'reserves boost'
The Central Bank of the Bahamas asked the Government to undertake $400 million worth of foreign currency borrowing this fiscal year to alleviate concerns over a “steady decline” in external reserves.
