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Shareholders hear positive report on Commonwealth

MORE than 250 Commonwealth Bank shareholders filled the ballroom at SuperClubs Breezes, Cable Beach for the Bank’s annual general meeting to hear a positive report

New Year's junkanoo - time to switch date?

AS New Year’s Day Junkanoo attendance this year hovered at 57 percent, Junkanoo Corporation of New Providence president Silbert Ferguson told The Tribune officials are mulling over a decision to either change the date of the parade or offer it as a pay-per-view option on cable television. In past years, ticket sales have capped at around 60 percent, Mr Ferguson said, again sparking conversation about holding the parade on Majority Rule Day instead of so soon after Boxing Day.

Sandals rejects ‘ideal’ December re-opening

Sandals Royal Bahamian has pushed its opening date back 12 days as a result of damages sustained during Hurricane Matthew, its general manager yesterday saying that while delaying the opening to mid-December would have been “ideal, we have to get people working”.

PM: We can't afford to buy back BTC

ADMITTING that government’s attempts to take back BTC’s majority shares have not gone the way he would have liked, Prime Minister Perry Christie said the current budget constraints would not allow the move in any case.

Calderon prevails in 'Fight of the Night'

FERNANDO Calderon knew that he had to be more active than Kendric Stuart to pull off the victory in their amateur match on Friday night in the Rainforest Theatre at the Wyndham Resort on Cable Beach.

Chapter 11 bid refused: Baha Mar application denied, Govt ‘vindicated’ by ruling

BAHA Mar’s ongoing Chapter 11 bankruptcy proceedings in the United States will not be recognised in The Bahamas, a Supreme Court judge ruled on Wednesday morning.

Baha Mar dispute has ‘dampened mood’ for Bahamas investment

THE public spat between the government and Baha Mar investor Sarkis Izmirlian has “dampened the mood” for investment in the Bahamas, an outspoken businessman said yesterday, arguing that the country should be “hungry” for foreign direct investment (FDI) projects and not scare off developers.

Licences 'soon' for nation's second cellular provider, says PM

THE Utilities Regulation and Competition Authority (URCA) will award licences to the country’s second cellular mobile services provider soon, Prime Minister Perry Christie said during his budget communication yesterday.

UB signs $750k MOU with Nassau/Paradise Island Promotion Board

THE University of The Bahamas yesterday signed a memorandum of understanding with the Nassau/Paradise Island Promotions Board pledging $750k to establish a scholarship award and endowment fund to assist students in the culinary and tourism fields.

Shelter - we can’t take any more animals

THE Bahamas Humane Society has announced it is currently unable to accept stray or owner surrendered animals. This will continue to be the case until BHS is able to find homes for the animals it now has leaving additional room to accommodate new intake.

Value of BISX trades sees 44% increase

THE Bahamas International Securities Exchange’s (BISX) All-Share Index continues to move in the opposite direction to major market indices, declining by 3.73 per cent for the year to end-September 2017.The All-Share Index, which measures only stock p

Communications sector rebounds from 5-year low

The Bahamian electronic communications industry recovered from a five-year low in 2018 to grow its total revenues by three percent to $390m in 2019, sector regulators have revealed. The Utilities Regulation and Competition Authority (URCA), in its 2

Audit to be launched for Gaming Board

NEWLY-appointed Gaming Board Chairman Kenyatta Gibson yesterday told The Tribune an audit of the board’s finances and a status review of the gaming house industry are first on the new panel’s agenda.

BTC: We'll be broadband market leader in 2-3 years

THE Bahamas Telecommunications Company (BTC) is on track to regain market leadership in broadband Internet within the next two-three years, its chief executive revealing its existing customer base had doubled since 2011.

BTC appeals for help to stop copper thefts

AN unremitting onslaught by copper thieves on telecom facilities has police and the Bahamas Telecommunications Company appealing to the public for assistance in stemming the dangerous criminal attacks.

BTC: No fears in face of greater competition

WITH the government now able to move freely towards liberalising the communications sector, executives at the Bahamas Telecommunications Company Ltd said they have no concerns regarding competition from additional service providers.

Prime Minister's national address on Baha Mar - the speech in full

Tonight, Prime Minister Perry Christie addressed the nation on the state of Baha Mar negotiations and proceedings. The full text of his speech is as follows.

Baha Mar court ruling tomorrow

A JUDGE yesterday said he required two days to give an oral decision on Baha Mar CEO Sarkis Izmirlian’s motion to uphold, in The Bahamas, the developer’s ongoing Chapter 11 bankruptcy proceedings in the United States.

BTC eyes 2019 'bottom' after 12,400 client loss

The Bahamas Telecommunications Company’s (BTC) owner yesterday said its mobile subscriber loss “will bottom out in 2019” after another 12,400 customers exited in this year’s third quarter.Balan Nair, Liberty Latin America’s (LiLAC) chief executive, t

Bahamas culinary team named Caribbean's best

The Bahamas National Culinary Team was selected as the region’s best for 2018 as they secured numerous gold, silver and bronze awards at the “Taste of the Caribbean” competition.Apart from winning the coveted “Caribbean National Team of the Year”, Ch

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