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Two big games this weekend for UB Mingoes men's soccer team
AFTER splitting their first two games in their first trip to play in the United States last month, the University of the Bahamas Mingoes men’s soccer team are off again this weekend.And head coach Dion Godet said he’s confident that they should be ab
IMF: 65% bank asset fall’s ‘modest’ impact
THE international financial services industry’s “sharp contraction”, with total bank assets shrinking 65 per cent in the five years to 2016, has only “modestly” impacted the Bahamian economy.
INSIGHT: Bahamas’ power solution is a must for radical change
Up the hill and right back down again—that’s the story of Bahamian electric power during the five wasted, and expensive, years of PLP Government. Dr. Minnis’ new administration is now back at square one, with a clean slate for creating a brand-new energy policy, a crucial task he must soon address if he is to retain credibility.
WORLD VIEW: Insuring the Caribbean’s future
INSURERS and re-insurers are facing major losses in the wake of the damage done in the Caribbean and the United States by Hurricanes Harvey, Irma and Maria. These losses will have a direct and immediate impact on insurance premiums across the entire Caribbean and the Eastern seaboard of the US.
Hurricane funds remain untraced
THE Minnis administration has been unable to track down $42m of $150m borrowed under the former Christie administration for hurricane repairs, Finance Minister K Peter Turnquest said yesterday, revealing in Parliament officials can only give an account for $108m of the hefty loan.
Govt needs 'more creativity' with permanent residency
A top realtor yesterday urged the Government to be “a little more creative” with permanent residency by using it to stimulate economic activity on depressed Bahamian islands.George Damianos, Damianos Sotheby’s International Realty’s president, told T
Tourism flat-lines as yields off 28% since millennium
A 28 per cent decline in per tourist spending yields since 2000 has resulted in “no growth” this century in the Bahamas’ largest industry, the Minister of Tourism revealed yesterday.Dionisio D’Aguilar told the House of Assembly that the decline in pe
Tourism softness: Nassau/PI room revenues off 7%
Hotel room revenues on Nassau/Paradise Island fell by 7 per cent year-over-year to end-July 2017, amid warnings of “sustained softness in tourism”.The Central Bank of the Bahamas, in its monthly economic report for August, said data from a group of m
UB Mingoes bounce back, get revenge in 7-0 shutout of Suns
IN their quest to gain entry into the National Association of Intercollegiate Athletics (NAIA) Sun Belt Conference, the University of the Bahamas Mingoes took their first trip to Florida to play against some of the teams they possibly face if accepte
Brackets released for inaugural Islands of the Bahamas Showcase
THE brackets have been released for the inaugural Islands of the Bahamas Showcase and a stacked field of recent NCAA Tournament participants are slated to compete.Eight elite mid-major NCAA Division programmes will participate in the early season tou
IMF: Bahamas bank fees rise up to 186%
Bahamian banks have increased fees for cross-border transactions by as much as 186 per cent over the last five years, due to growing pressure on their international ties.
Bahamas takes STEP to boost its presence
More than 25 Bahamians were present at the Society of Trust and Estate Practitioners (STEP) annual Latin America (LATAM) conference last week, which was sponsored by the Ministry of Financial Services and Bahamas Financial Serviced Board (BFSB).The
Govt targets $90m cruise passenger spending boost
The Government is targeting a near-28 per cent increase in cruise passenger spending yields to generate an extra $90 million in annual tourism revenue, a Cabinet Minister said yesterday.
Financial Bowling League
THE top scorer in Financial Bowling League competition last night was Greg Taylor of Strike Force with a 244 high game and a 579 high three game set. The runner-up was Sammie Symonette also of Strike Force with a 227 second high game and a 547 secon
Income taxes are nothing but a pipe dream
EDITOR, The Tribune.There is nothing more onerous and delusional than the pipe dream of income taxes. Some suppose it to be a panacea for our financial woes, but internationally, the evidence seems to suggest that without sound fiscal management, the
Doomed to failure
The Christie administration doomed PowerSecure to failure by failing to complete Bahamas Power & Light’s (BPL) $600 million refinancing “within six months” of the management deal.
Bahamas urged: ‘Make the case’ for extra airlift
The Bahamas must be “savvy” and “make the case” for extra post-Irma airlift that could fill the new capacity created by Baha Mar, the Minister of Tourism revealed yesterday.
‘One law for all’ call on BPL no disconnect list
The existence of a Bahamas Power & Light (BPL) ‘do not disconnect’ list threatens to undermine accountability and the concept of “one law for all”, a governance reformer warned yesterday.
Gender and its implications after the winds have died
Irma has gone for good, José is still ruminating somewhere out there in the Atlantic and we still have a number of weeks left in the Atlantic Hurricane Season of 2017. That does not mean that an out-of-season storm could not churn up unexpectedly, however. At the moment we’ve all got our eye on Tropical Storm Maria which may be heading the Bahamas way.
Financial services 'challenged' to grow
Global pressures continue to impact the Bahamian financial services industry, the Deputy Prime Minister saying it remains” challenged to maintain and grow market share”.K P Turnquest told a Securities Commission industry briefing that while wealth co
