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Super Value chief blasts 80% share claim as 'garbage'

By NEIL HARTNELL Tribune Business Editor Super Value owner Rupert Roberts yesterday blasted claims that his impending acquisition of City Markets' remaining store locations would give him an 80 per cent market share as "garbage" and "total rubbish", tell

GB Power trying to ‘get ahead’ of URCA

The Grand Bahama Power Company’s (GBPC) three-year rate proposal is an attempt “to get ahead” of energy industry reform and URCA oversight of its activities, a Freeport MP charged yesterday.

Rollins: Gender vote will fail

FORT Charlotte MP Dr Andre Rollins yesterday said that the proposed gender equality referendum will become “a victim of the extreme unpopularity” of the Christie administration, adding that he fully expects it to fail.

Misguided to compare GB Power with BEC

The Opposition’s deputy leader yesterday said protesters were comparing “apples with oranges” in arguing that Grand Bahama Power Company’s tariffs should at least match BEC’s, adding that the former’s newly-approved rate structure “strikes a relatively decent balance”.

Bahamas ‘50% likely’ to suffer credit rating cut

The Bahamas faces “at least” a 50 per cent chance of a sovereign credit rating downgrade within the next 90 days, after Standard & Poor’s (S&P) last night placed this nation on ‘negative creditwatch’ due to Baha Mar’s Chapter 11 filing.

Kerrie wins title

It was deja vu for Kim Griffith-O’Kelley and Dyphany Mortier as their big rivalry in the Bahamas Lawn Tennis Association back in the 1980-90s was renewed when their daughters Kerrie Cartwright and Dominique Mortier hooked up in the final of the Giorgio Baldacci Elite Open National Tennis Tournament.

Cybots celebrate

Practice makes perfect. Just ask the Mail Boat Cybots. Whenever they were not playing, win or lose, coach Wayde Watson had his Cybots in the gym preparing for their next game in the New Providence Basketball Association men’s best-of-seven championship series. Now they can look back and celebrate as the new champions.

$6m marina 'initiates' PMs'vision for Nassau harbour

The developers behind a $6 million marina in Nassau Harbour yesterday said they hoped it acted as “a catalyst” to further redevelop downtown, telling Tribune Business the project was 70 per cent complete and likely to create 30-40 full-time jobs.

Mortgage plan covers just 37% of bad home loans

The Bahamian commercial banking industry has calculated that the Government’s proposed Mortgage Relief Plan will cover just $165 million in past due principal and accrued interest owing, a sum equivalent to just 36.7 per cent of all non-performing home loans.

Act changes to eliminate Industrial Tribunal 'conflict'

Planned legal amendments will eliminate a ‘potential conflict’ that requires the Industrial Tribunal to act “as judge, jury and executioner” over industrial agreements, a union leader yesterday telling Tribune Business that “90 per cent” of these deals were not registered.

Tourism ‘doesn’t need any more’ air fare fees

The Bahamas must work with the airline industry “to put a ceiling” on travel costs to the destination, a senior hotelier is asserting, as this nation “doesn’t need any more taxes” included in ticket prices.