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Overseas staff savings net $1m
TWELVE “non-essential” persons have been recalled from tourism offices in the United States, according to Tourism Minister Dionisio D’Aguilar, who said the move will save the government $1m annually.
Sands Beer Cup to be awarded to golfer with most net points
EARLIER in the year the Bahamas Golf Federation and the Bahamian Brewery and Beverage Company announced a new event called the Sands Beer Cup. The Cup, which is being specially designed by Sands Beer, will be awarded to the golfer with the most net
Minister warns of 'casualties' from fiscal right-sizing
A Cabinet minister has warned there will be “some casualties”, and that Bahamians will suffer “some pain before there’s gain”, as the Minnis administration tries to combat the growing fiscal crisis.Dionisio D’Aguilar, minister of tourism and aviation
Drones to target lionfish
A potential game changer in the struggle to eradicate lionfish from the Gulf of Mexico is brewing in Pensacola.
Jonquel Jones to start in All-Star game
Jonquel Jones continues to make Bahamian basketball history with each passing milestone.The second-year forward was one of 10 players selected by fans, current players and a select media panel as a starter for the 2017 WNBA All-Star game presented by
BTC's $7.3m investment targets faster Net speeds
The Bahamas Telecommunications Company (BTC) says its new Fiber-to-Home service will deliver Internet speeds 20 to 100 times’ faster than the current cable modem or DSL service that many customers use.It added that once completed, its $7.3 million i
Call to support Run For Pompey
RUN for Pompey lead organisers yesterday called on Bahamians and visitors to come out and support the third annual event, which officials said promises to be a unique display of Bahamian history, sports and culture.
Open up solar power
Re: Solar Electricity Request for Proposal (RFP) in today’s Tribune.
Bowe queries Izmirlian call to halt sale of Baha Mar
GOWON Bowe, president of the Bahamas Institute of Chartered Accountants (BICA), has questioned the basis of Sarkis Izmirlian’s call for a moratorium on Baha Mar’s sale to Chow Tai Fook Enterprises Ltd (CTFE), insisting concessions should not be the determining factor of whether the deal reached completion.
Delinquent bank loans push beyond $1bn mark
Delinquent bank loans pushed beyond the $1 billion mark in May, with net passenger departures through the Bahamas’ major airport down 3.4 per cent for the first five months of 2017.
THE PRESS BOX: A-grade for Lonzo Ball and the new-look Lakers
WELL the NBA Draft has come and gone and NO, Paul George still isn’t a Laker! Despite not making a blockbuster trade for George, yet, ‘Magic’ Johnson(Lakers President) and Rob Pelinka (Lakers GM) have done a masterful job over the last few days. Fir
Nothing ‘unusual’ in Baha Mar papers
DESPITE the Free National Movement’s suggestions on the campaign trail that the now unsealed Baha Mar documents may have been troubling, Attorney General Carl Bethel said Thursday that the documents contain nothing “unusual” that would prompt the government to renegotiate its terms.
BGF's Great Exuma Classiccontinues to grow each year
THE Bahamas Golf Federation’s Great Exuma Classic was played on Saturday, June 17 at the famous Sandals Emerald Bay Golf course in Exuma and included a contingent of senior and junior golfers from Nassau and Freeport along with a few Exumians.The tou
Govt 'gives no favours'over duty rate revision
A Bahamian juice drink manufacturer yesterday said “government hasn’t done us any favours” despite partially reversing its decision to eliminate the 60 per cent tariff on rival imports.Mervin Sweeting, Switcha Bahamas’ chief executive, told that Trib
Unsealed Baha Mar papers show deal done on leases
BAHAMIANS who owned and held shop leases and concessions in the Baha Mar project were permitted by the China Export Import Bank (CEXIM) and the preferred purchaser to continue to hold them under the existing terms and conditions, according to the newly unsealed heads of terms for the West Bay Street project, tabled in Parliament last night.
$100m Stamp Duty foregone on Baha Mar asset transfers
The Christie administration gave up $100 million in Stamp Duty on Baha Mar’s two ‘asset transfers’ in return for securing the project’s construction completion and Bahamian creditor payouts.
BPL pulls together $125m loan facility
Bahamas Power & Light (BPL) is seeking to borrow $125 million by end-August 2017, despite the receipt of $32 million in Baha Mar receivables cutting operating expenses by almost 40 per cent.
Govt 'on hook' for $50m Matthew VAT refund bill
The Government could be “on the hook” for a $50 million-plus Value-Added Tax (VAT) refund bill as a result of Hurricane Matthew insurance claims, an industry executive said yesterday.Anton Saunders, RoyalStar Assurance’s managing director, estimated
Downgrade forces NAD debt reserve ‘doubling’ to $38m
The Nassau Airport Development Company (NAD) has been forced to double its debt reserve to $38 million after losing its ‘investment grade’ credit rating, the Minister of Tourism revealed yesterday.
Sebas’s property group in ‘extraordinary growth’
Sebas Bastian’s property development and construction group boasted $83 million in assets under management at year-end 2015, having made an extremely fast transition from start-up to profitability.
