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GB Power urged: Don’t seek quick $25m recovery

Grand Bahama Power Company (GBPC) and its majority owner were yesterday urged not to target “the shortest period of time” to recover their $25 million in Matthew restoration costs from storm-devastated consumers.

Chamber chairman in Jobs Bank call

The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman has called for the creation of a ‘Jobs Bank’ accessible to all Bahamians, arguing that not enough information on employment opportunities was being made available.

'Oh what a tangled web we weave . . .'

“It’s better in the Bahamas” — or is it?

RBC donates $35,000 to BSF for Swimming Nationals

FOR the 30th consecutive year, the Royal Bank of Canada has pledged their financial support to the Bahamas Swimming Federation for their National Swimming Championships this weekend, cementing the longest partnership of any sporting body and corporate business in the country.

Top auto dealer lays-off 80 staff

A major auto dealer yesterday confirmed it is temporarily laying-off 80 staff as the industry prepares to make its case to the government for a partial opening amid the COVID-19 lockdown. Fred Albury, the Auto Mall’s principal, told Tribune Business

DPM targeting ‘best year in Bahamas history’ on tourism

The deputy prime minister yesterday predicted that “barring an act of God” this nation can look forward to the “best year ever in the history of The Bahamas” with tourist arrivals 30 percent up on pre-COVID highs.

Grand Bahama airport reopens

FREEPORT – Grand Bahama International Airport has reopened for both international and domestic flights.

Baha Mar chief urges rapid vaccination for tourism revival boost

Baha Mar’s president yesterday urged the government to fully vaccinate The Bahamas against COVID-19 “as quickly as possible” so as to give tourism’s recovery a “competitive advantage”.

Capital market boost from Depository site

The Bahamas Central Securities Depository’s (BCSD) new website will allow shareholders to have instant access to critical information on Bahamian publicly-traded companies, its president telling Tribune Business that educating and informing investors is key to growing the capital markets.

US rape alert over jet skiers

DAYS after an American woman was allegedly raped by a man riding a Jet Ski at Cabbage Beach, the United States Embassy in Nassau has “prohibited” its employees from using Jet Ski rentals in Nassau, saying the industry is “minimally regulated.”

Why no Baha Mar equity for $1bn in concessions?

The FNM’s deputy leader has questioned why the Bahamian people have no equity stake in Baha Mar if the development has been given $1 billion worth of investment incentives.

Nassau/PI resorts enjoy ‘best quarter’ for 7 years

The Nassau/Paradise Island hotel industry has enjoyed its “best quarter performance for seven years” during the first three months of 2015, with occupancies ahead of year-before comparisons through April.

‘Baha Mar should rethink removing contractor’

BAHA Mar developer Sarkis Izmirlian should rethink his proposed plan to remove China Construction America (CCA) as the general contractor for the mega resort, a prominent analyst has suggested.

Gibson criticises Scotiabank - and warns of hotel layoffs

LABOUR Minister Shane Gibson yesterday said the impending lay-off of employees at Scotiabank (Bahamas) was “disappointing” and castigated the Canadian bank for only focusing on financial gain rather than how the lives of Bahamians will be affected.

DNA: Resort talks ‘will not favour Bahamians’

THE DEMOCRATIC National Alliance Deputy Leader yesterday questioned the Government’s ability to secure a pro-Bahamian resolution to the Baha Mar debacle, claiming that the newest wave of negotiations was not likely to end favorably for Bahamians.

Bahamas software developer targets Caribbean expansion

A Bahamian software developer yesterday said business is “picking up quite quickly” as it plans to expand its human resources and payroll platform to the wider Caribbean by year-end.

Kerzner's $65m capital upgrades in debt talk delay

Kerzner's $65m capital upgrades in debt talk delay By NEIL HARTNELL Tribune Business Editor Kerzner International (Bahamas) chief yesterday acknowledged that finalising this year's $65 million capital investment plan for its Paradise Island resorts is b

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