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BOB non-compliant with 80% of regulatory ratios
Bank of the Bahamas shareholders are being asked to “throw good money after bad”, with the BISX-listed institution now non-compliant with four out of five key Central Bank capital ratios.
Fair share: Hotel rental unit tax not in effect yet
A key Budget measure designed to ensure hotel rental pool units pay their fair share of taxation has yet to be implemented amid the wait for legislation to give it lawful effect.
Bahamas 'underestimated' cruise visitors spending
The Bahamas may have “underestimated” cruise passenger spend in Nassau and Freeport, a Cabinet Minister admitted yesterday, following reports of a 59 percent increase since 2015.
Oil exploration fears for 'eco centric mecca'
An Andros bonefishing lodge's co-owner has voice alarm that that "the eco-centric mecca" of The Bahamas could be irreparably harmed if oil exploration plans go awry.
Bahamas ‘Jamaica bound’ on present fiscal course
The Bahamas will be “Jamaica bound” unless it immediately implements measures to tackle its growing debt and deficits, a well-known fiscal hawk warned yesterday.
Fidelity’s ‘ace in hole’ on $25m profit target
A BISX-listed bank has an “ace in the hole” when it comes to hitting its $25m profits target for 2022, its top executive revealed yesterday.
The link between prostate and breast cancer
What does prostate cancer have in common with breast cancer?The answer is the BRCA 1 and 2 gene mutations. The BRCA 1 and 2 genes were first discovered in 1994.BRCA stands for Breast Cancer associated gene. Women with the inherited BRCA 1 or BRCA 2 g
BPL inks with Credit Suisse for $100m
BAHAMAS Power & Light (BPL) has executed an engagement letter with Credit Suisse for the provision of up to $100 million in interim financing, the Minister of Works said yesterday.
Public says no to VAT, according to new survey
A SURVEY has been launched to gauge what Bahamians think about Value Added Tax – with the early results showing the majority of those polled reject it.
Palm Cay adds 20 jobs with eatery
Palm Cay, the real estate development on New Providence’s southeastern coast, has added 20 jobs through completion of its Marina & Beach Club.
Boat show sparks '10 times' 2012 interest
A BAHAMIAN boat/yacht broker expects the “fantastic” turnout at the weekend’s PalmCay Boat Show will translate into significant sales over the next few months, telling Tribune Business the 2013 version generated ‘10 times’ the amount of interest compared to last year.
‘I’m really excited for Jazz. Opening day is going to be really special’
WITH the passing of Edison ‘Ed’ Armbrister, retired outfielder Antoan Richardson has now assumed the elder statesmanship of the Bahamian Major League baseball fraternity.
Kadeem Coleby posts double double for win on birthday
Birthday boy Kadeem Coleby helped the Akita Northern Happinets pick up their second straight victory in two nights over his celebrated weekend against the same team in the Japanese D1 professional basketball league.
Pintard: Convenient for AG that crime isn’t a political issue now
FREE National Movement Chairman Michael Pintard said it is “convenient” that Attorney General Allyson Maynard Gibson would now admit that crime is not a political issue, now that the country has recorded the “highest number of murders” in history under her watch.
Martin: Sandals move ‘a slap in the face’
Bahamas Hotel Catering and Allied Workers Union (BHCAWU) Nicole Martin has urged the government to make legislative changes to protect workers and their tenure of employment describing the recent move by Sandals to abruptly make some 600 workers at Royal Bahamian resort redundant “disgraceful” and a “slap in the face” to workers across the country.
Davis: GBPA ‘needs a management and governance change’
PRIME Minister Philip “Brave” Davis said he believes new management is needed at the Grand Bahama Port Authority to facilitate Freeport’s growth because the “status quo” is not working.
$20m maritime academy set for January '14 start
THE first phase of a $20 million maritime institute, which will be established at Silver Cay, is expected to be open no later than January 2014, said the head of the company spearheading the initiative.
Sands: Mortgage Corp will need $40-$50 million injection
THE Bahamas Mortgage Corporation (BMC) will need an injection of $40-$50 million ‘in the near future’ to maintain its financial viability according to former Mortgage Corporation Chairman Dr Duane Sands.
Port IPO over $10m target
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net THE Arawak Port Development (APD) initial public offering (IPO) has raised 'north' of the $10 million subscription target, Tribune Business was told yesterday, with interest reachin
Pinder surpasses 200 three pointers made
TYLER Pinder continues to deliver standout performances during his senior season and notched another career milestone.
