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Ground broken for $2.5m maritime centre project
AFTER 10 years in operation, Elnet Maritime Agency Limited broke ground yesterday for construction of its $2.5 million maritime centre that will provide about 80 to 100 new jobs on Grand Bahama.Elbert Hepburn, CEO, along with his mother and business
Cruise line’s pull-out ‘worst case scenario’
The Grand Celebration’s owner has warned that its restructuring hinges on a new agreement with the Ministry of Tourism, and that a pull-out from Grand Bahama would be a “worst case scenario” which costs the Grand Lucayan 50 per cent of its pre-Matthew business.
Properties taxed on just 40% of value
The average Bahamian property is being taxed on just 40 per cent of its market value, a report warning that this is creating “efficiency and equity distortions” that undermine revenue yields and compliance.
Month’s end closing for John S George
One of the Bahamas’ best-known and historic retail names is ceasing business at month’s end with the loss of “under 15 jobs”, its owner yesterday telling Tribune Business he had been unable to “make inroads” into the annual $1 million losses it was suffering when he took over.
Banks approve fewer than 50% of mortgages
Less than 50 per cent of mortgage applications were approved during the 2017 first quarter, highlighting the Bahamas’ ongoing housing crisis and borrower difficulties in qualifying for credit.The Central Bank’s research department, in a presentation
INSIGHT: Fishermen renew pleas to protect our marine resources from poachers
I congratulate our fine men and women of the Royal Bahamas Defence Force (RBDF) for the capture of yet another Dominican poaching vessel.
John Kerry: US ‘delegation here to listen’
UNITED States special presidential climate envoy John Kerry last night told government officials at a welcome reception hosted by the US embassy that every country must join in the fight against climate change and do its part to respond to the crisis for the future generations to come.
Grey Goose founder's son denies February Point bid
The son of the Grey Goose Vodka brand’s founder has denied to Tribune Business that he is leading an investor group seeking to purchase Exuma’s 80-acre February Point development, while acknowledging homeowner concern over the Hart family’s exit plans.
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.
Knights prevail
It was a busy day four in the 2013 Hugh Campbell Basketball Classic which featured an early start and the first round of eliminations in this year’s tournament.
Brewery boosts efficiency 45%
The Bahamian Brewery and Beverage Company’s founder yesterday said the company had improved its efficiency “at least 45 per cent” since it was created five years ago, envisioning its further expansion to a 175-strong workforce.
Businesses wait over two months for bank account
BAHAMIAN businesses face an average wait of more than two months to open a bank account with almost 80 percent asserting that the process “took longer than expected”.
PM told: ‘Treat $2bn insurers with respect’
Bahamian insurers yesterday urged the prime minister to “treat the industry with the respect it deserves” over its $2bn Dorian-related payout after he suggested it was “holding back” recovery efforts.
Island Luck chief: ‘I was misled’ on web shop taxes
ISLAND Luck’s principal is alleging that the Government “misled” him over planned web shop tax increases, adding: “My legitimate expectation in a proper consultation was dashed.”
Digital building permits hailed as ‘long overdue’
The Bahamas Society of Engineers (BSE) president yesterday hailed as “long overdue” plans to slash building permit turnaround times by going digital, branding the 60-80 percent reduction target as “achievable”.
‘Nothing to lose’ over concrete export venture
A former Bahamian Contractors Association (BCA) president says the country must explore transforming itself into an exporter of pre-cast concrete products, and urged: “We have nothing to lose.”
Island hoteliers fear they may not recover
EZRA Russell is ready to close up shop three years after opening the largest hotel on Cat Island, the Fountain Bay Resort and Marina.
Trent Deveaux signs $1.2m deal with Angels
In January, when Trent Deveaux mulled his decision on which MLB club he would eventually sign to, he said one determining factor would be: “Any place with good weather.”
Insurance cuts Aliv's Dorian cost to $2.5m
Aliv’s subscriber base grew by 20 percent during the final six months of 2019, its top executive revealed yesterday, after the mobile operator shrugged off $2.5m in one-off net Dorian costs. Damian Blackburn told Tribune Business it had “recovered a
SPORTING MISCHIEF & MAYHEM: Remembering King Carl, an everlasting MLB great
TOMORROW is May 27, 2015, and who knows if an historic moment in sports will occur when professional teams take to the diamond, hardwood and rink respectively?
