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Baha Mar secures $15m for ‘approved and budgeted’ expenses

BAHA Mar has secured nearly $15 million in debtor-in-possession (DIP) loans to meet approved and budgeted expenses, despite failing to secure the requisite government approvals.

Cable plans launch of $60-$100m pref issue

Cable Bahamas is planning to imminently tap the capital markets with another multi-million dollar preference share issue, Tribune Business can reveal.

Costs to webshops revealed as gaming rules are tabled

THE highly anticipated new Gaming Bill 2014 will leave the door open for the government to establish a national lottery at the discretion of the minister, while outlining yearly rates of taxation on webshops among other stringent industry regulations.

Gov't concern on conch export block decision

The Government yesterday voiced concern that Queen Conch exports could be threatened if the US declares them an endangered species, creating “significant social and economic hardship” for thousands of Bahamian and regional fishermen.

Conch verdict preserves $3.3m fisheries exports

BAHAMIAN fishermen yesterday hailed as “welcome news” the US’s decision not to place the Queen Conch on its endangered species list, and blamed harvesting shortfalls on “destructive” methods by foreign poachers.

Palm Cay ahead of schedule for third condo phase launch

A southeastern New Providence real estate development yesterday said it will open reservations ahead of schedule for the third phase of its luxury condominium complex, The Anchorage, after demand outpaced supply in the first two phases.

PM plans to ask China for funds

PRIME Minister Perry Christie has announced plans to request funding from China to support the national budget, refinance and restructure the country’s debt.

DNA to hold protest against BEC costs

THE Democratic National Alliance will hold a demonstration at 9am today in front of the Bahamas Electricity Corporation’s main office, in protest of the country’s “extremely high light bills,” Chairman Andrew Wilson said yesterday.

COB STUDY: 58% of boys believe men should discipline their female partners

FIFTY-eight per cent of high school boys and 37 per cent of high school girls participating in a recent academic survey believe men should discipline their female partners, according to a new College of the Bahamas study.

BNT eyeing 'rough' Q4 over funding concerns

THE Bahamas National Trust (BNT) is refining its fund raising strategy its executive director said yesterday, telling Tribune Business that the third quarter of the year is “going to be rough” unless it is able to obtain significant funding.

Demand for homes?

The Adastra Gardens extension Housing project of a further 51 homes has to be economically questioned in the market there or is this pure political generation?

Roberts pleads for BPL to be given time to execute plan

BRADLEY Roberts has said it is unfair and "outright dishonest" to brand Bahamas Power and Light (BPL) "a failure because of rolling blackouts" when they have not "been given a chance to execute their plan".

Please say the coup ain’t true

I am amazed and perplexed beyond imagination, of what I heard reported over the airwaves this morning.

Thankful for a helping hand in a time of need

CHERYL Adderley said since being diagnosed with a brain tumor, her life has changed drastically as she now depends on the assistance of Social Services.

Towing fare increase could heighten risks

Automotive repair shops yesterday voiced concern that the 67 percent, or two-thirds increase, in standard towing fees could prompt Bahamians to take more risky measures to move broken down vehicles.

‘We knew’ prison would fail accreditation bid

DOAN Cleare, the acting commissioner of corrections, admitted yesterday that the Bahamas Department of Correctional Services failed an accreditation inspection earlier this year, saying officials knew the prison would “fail miserably”.

Family Islanders make appeal for better baseball facilities

FAMILY Islanders are making a special appeal to the government for better baseball facilities on their respective islands.

As dengue fever cases rise officials warn of increased risk to those previously infected

HEALTH officials said people knowingly or unknowingly infected with dengue fever during an outbreak in 2011 are at risk of serious illness if they get infected this year because of the type of virus confirmed to be in New Providence.

Strong start on market for Windsor Lakes project

A Western New Providence gated development pegged at $50m has reserved one third of its lots in its first month on the market, with marketing expected to ramp up in the next month.

‘Be careful how world eyes Freeport change’

THE GRAND Bahama Chamber of Commerce’s president yesterday warned that the Government must pay attention to how its actions are perceived by potential investors as it strives for major in Freeport’s governance.

The Tribune

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