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Ragged Island families want to rebuild
RESIDENTS of Ragged Island are determined to go back home immediately and rebuild despite the decimation left from Hurricane Irma, with the community’s chief councillor saying it is “foolishness” for anyone to consider the island uninhabitable.
Cruise sector closure 'extremely devastating'
The cruise industry’s 30-day shutdown will be “extremely devastating” for Bay Street and all who rely on the sector for their livelihood, the Downtown Nassau Partnership’s co-chair warned yesterday. Charles Klonaris told Tribune Business that while
Baha Mar judge seeks Bahamian judicial help
A New York judge has signed off on requests for Bahamian judicial help over the British Colonial Hilton’s sale and other issues relating to Sarkis Izmirlian’s $2.25bn fight with Baha Mar’s contractor.
Sound wave therapy for erectile dysfunction
Low intensity shockwave lithotripsy (Li-ESWT) has the great potential to offer a curative treatment for poor blood supply/vasculogenic erectile dysfunction, which is a common cause of poor erections for many men.
Opposition leader apologises for Moncur comments
OFFICIAL Opposition Leader Loretta Butler-Turner sought to establish clear boundaries on the type of conduct she expects from her new parliamentary caucus in a public apology yesterday for the “inappropriate and insensitive comments” made by Senator Rodney Moncur towards a Tribune reporter.
THE FINISH LINE: A strange World Championships
LONDON, England: Some strange things happen in sports and the 16th IAAF World Championships has had many moments of its own.
Sports in brief
THE fourth annual Georgette Rolle Junior Golf Camp is slated to get underway 9am to 2pm today in the Golf Driving Range at the Baillou Hills Sporting Complex.
Landfill operator eyes tight ‘break even’ goal
Renew Bahamas yesterday said it will have to export 10-12 containers of recycled materials daily from the New Providence landfill to “break even” and recoup its $8 million investment.
TOUGH CALL: A comprehensive Environmental Management Act
IN AN obvious attempt to soothe public anger over the Rubis fuel leak disaster in Marathon, Environment Minister Ken Dorsett recently unveiled draft legislation “for the establishment of the Department of Environmental Planning and Protection”, saying the law would be brought to Parliament in October.
VAT to hit CIBC operating costs
CIBC FirstCaribbean believes the factors that drove a 74.8 per cent first quarter profit increase will remain present throughout 2015, even though Value-Added Tax (VAT) will grow its Bahamian subsidiary’s operating expenses.
Moody’s now challenges Govt over debt ratios
Moody’s is now questioning another key fiscal projection by Prime Minister Perry Christie’s government, warning that the Bahamas’ uncertain outlook makes it hard to forecast how high - and when - the debt-to-GDP ratio will peak.
Summit scales peak in 72% profit growth
A Bahamian insurer believes it will be “challenging” to repeat a 2015 performance which saw its net income increase by 72.3 per cent year-over-year.
Hotels eyeing ‘unprecedented forward bookings’ during 2023
The Bahamas Hotel and Tourism Association’s (BHTA) president yesterday disclosed the industry is eyeing “unprecedented levels of forward bookings” for the 2023 first half and full year after December beat historical trends by 10 percent.
Education reform still a 'critical endeavour'
In a rapidly evolving world where information is readily accessible, the ability to think critically has become an indispensable skill.
ONE ELEUTHERA: Important to seize the day as Eleuthera poised for growth
THE secret is out. Eleuthera – our beautiful island of freedom famed for its Glass Window Bridge and sweet sugar loaf (pineapples) is seeing unprecedented growth in tourism and development. Several weeks ago, I was given an opportunity to co-moderate the Eleuthera Business Outlook (EBO) that was organised by Joan Albury of the TCL Group and the Eleuthera Chamber of Commerce. There were many presentations pointing to the emerging opportunities linked to developments currently taking place and those slated for Eleuthera in the near future.
$30m investment set to aid 25,000 Bahamians
Some 25,000 Bahamians and 150 small and medium-sized enterprises (SMEs) are projected to benefit from a $30m investment to unlock the country’s ‘blue economy’ potential and enhance coastal protection.
Cruise port hits 97% end-May occupancy
Passenger occupancies on vessels calling at Nassau Cruise Port in the final week of May exceeded 97 percent, it was revealed yesterday, signalling the sector is closing on full recovery from COVID-19’s ravages.
GB Power: ‘16 deficiencies’ in its metering and billing
A well-known Freeport food retailer is now challenging its more than $40,000 monthly electricity bill in the Supreme Court, a move that comes after a report uncovered “16 deficiencies” in Grand Bahama Power Company’s metering and billing practices.
Family Islands: Half beat 110% pre-COVID target
Half the Family Islands boast hotels already beating forecasts that they will post room revenues equivalent to 110 percent of pre-COVID levels in 2023, it was revealed yesterday.
Gov’t boost from moody’s $44m deficit miss forecast
MOODY'S has given the Government’s fiscal consolidation campaign a major boost by predicting that this year’s fiscal deficit will only narrowly overshoot its target by $44m.
