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$10m Port IPO hits the road

The roadshow for Arawak Cay Port Development's (APD) $10 million initial public offering (IPO), which kicked off last week, has received significant public interest, the company says. APD began the meetings at the Harry C Moore Library in Nassau, and the

HOTELS TO 'BEAT' TARGET THROUGH 10% GROWTH

By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamian tourism industry is set to "exceed" 2012 first quarter/Easter performance forecasts, with some hotels seeing 10 per cent year-

HOTELS TO 'BEAT' TARGET THROUGH 10% GROWTH

By NEIL HARTNELL Tribune Business Editor and NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net The Bahamian tourism industry is set to "exceed" 2012 first quarter/Easter performance forecasts, with some hotels seeing 10 per cent year-

In the spotlight...

In the spotlight... Records fell, the St Augustine's College Big Red Machine took three divisions, and a series of keenly contested relay races concluded the 2012 edition of the Bahamas Association of Athletic Associations (BAAA) Scotiabank National High

Bahamas First in 94% first half profits jump

Bahamas First has unveiled a 94 per cent year-over-year increase in first half profits, although this was driven largely by a $4 million gain in the value of its investment holdings.

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Halkitis denies missing targets

STATE Minister for Finance Michael Halkitis yesterday refuted media reports that the government has already blown past its forecasted deficit targets for 2015-2016.

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Bahamas’ top volleyball players go head-to-head in Greece

THE country’s top volleyball players went head-to-head in the professional ranks as their teams squared off in international competition.

Zane Knowles: ‘I’m beyond thankful for this opportunity’

ZANE Knowles suffered a possible life-threatening injury last season but the former national basketball team standout is set to return to the court in Bulgaria.

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Bahamas earns a berth in 2024 Olympic Qualifying Tournament

ERIC Gordon came up big down the stretch as the Bahamas pulled off a hard fought 82-75 victory over Argentina to win the FIBA Americas Olympic Pre-Qualifying Tournament title yesterday to earn their berth in the 2024 Olympic Games Qualifying Tournament next year.

Bay St: 'Get on board or get out of the way'

An ex-Deputy Prime Minister yesterday said Perry Christie was effectively telling Bay Street stakeholders “to get on board or get out of the way” over Chinese plans to redevelop downtown Nassau, questioning whether the Government was trying to “socially re-engineer” the city.

Mortgage approval rate drops to 43%

MORTGAGE loan approval rates have been slashed in half to 42.6 per cent in just two-and-a-half years, highlighting the commercial bank retreat from the vital Bahamian housing market.Data produced by the Central Bank of the Bahamas’ research departmen

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Tony Bennett and Lady Gaga, Cheek to Cheek

WHAT happens when you pair a musical legend like Tony Bennett with the flamboyant talent of Lady Gaga? A concert that is pure magic.

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Kings' moves indicate uncertainty over buddy's role going forward

THE Sacramento Kings front office continues to make transactions that indicate uncertainty about Buddy Hield’s role with the organisation moving forward.The Kings signed restricted free agent guard Zach LaVine to a four-year $78 million offer sheet,

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Cruise visitor spend slumps 23% in 3 years

Average cruise visitor spend in the Bahamas has slumped by an alarming 23 per cent over the past three years, a report for the Florida-Caribbean Cruise Association (FCCA) has revealed, even though this nation leads the Caribbean through an annual $394 million economic impact from the industry.

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Teachers union’s anger at failure to finish deal

BAHAMAS Union of Teachers President Belinda Wilson has expressed “disgust” and “disappointment” that a new industrial agreement has not been signed with the government despite 14 months of negotiations and 95 percent of the contract being complete.

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‘Buddy Buckets’ season high

In just his second game back on the court after missing time with an ankle injury, Buddy Hield posted his best numbers of the year so far and a season high in scoring.

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Testing for HIV/AIDS declined 55% in 2020

TREATMENT for HIV/AIDS has remained stable during the COVID-19 pandemic but testing for the virus declined by 55 percent in 2020, according to Dr Nikkiah Forbes, director of the National HIV/AIDS and Infectious Disease Programme.

Sarkis: Receivers ‘not pursuing’ Baha Mar’s $192m claim

Sarkis Izmirlian is accusing Baha Mar’s receivers of “failing to properly pursue” the company’s $192 million damages claim against its contractor’s Chinese parent.

PwC: Governance failures will cost companies dearly

Companies could lose key staff, customers and investments if they fail to live up to environmental, social and governance (ESG) expectations, a Bahamian accountant said yesterday.

'Optimistic' five new oil licences approved in 2013

The Government is expected to decide this year whether to approve a further five oil exploration licences, with its current licensee aiming to secure a joint venture partner “after the summer”.