Drinks manufacturer: Sugar tax is a 'killer'
A Bahamian beverage manufacturer yesterday warned that the proposed “sugary drink tax’” will be a “killer” for its business, saying: “They’re trying to get rid of the industry.”Geoffrey Knowles, Aquapure’s operations manager, told Tribune Business th
Breadbasket food revisions targeted for January 2019
A Cabinet minister yesterday said the promised revision to the country’s 45 year-old breadbasket goods line-up will likely occur in January 2019.Dr Duane Sands, pictured, minister of health, told Tribune Business that a public consultation tour over
Sponging project in a race against time
Efforts to revive the Bahamian sponging industry are in a race against time to ensure all aspects of the $1.1m project can be delivered.A progress report by the Inter-American Development Bank (IDB), which is financing the initiative, warned that “si
IAN FERGUSON: The art of success in entrepreneurship
Successful entrepreneurship is both an art, and a science, that many seeking to own enterprises fail to grasp. It must never be entered into inadvisably. Hundreds fail each year in our local context because, perhaps, they have not counted the costs t
FINCO: Profits cut 35% with $125m bad loans
FINCO’s $125m bad loan pile resulted in a 35 percent cut to the mortgage lender’s profits for the nine months to end-July 2018, with little sign of improvement in key indicators.Management, in a statement to shareholders, blamed the more than $6.5m d
CIBC Trust names new top executive
CIBC Trust Company (Bahamas) Limited has appointed Perry A Rolle as its managing director.Mr Rolle, a career banking professional with more than 25 years’ experience, has worked in senior roles in both an operational and fiduciary capacity. In his mo
10252018 EDITION
Thursday, 25th October, 2018.
Lloyd announces end of unlimited UWI subventions
EDUCATION Minister Jeffrey Lloyd has announced that the 2018/2019 academic year will be the last year of unlimited subventions for Bahamian students enrolled in the medical programme at the University of the West Indies.Addressing the issue in Parlia
$900,000 a year - the cost to government for leasing mall
TOWN Centre Mall will be rented at a cost of around $900,000 per year to house the General Post Office, Transport and Local Government Minister Renward Wells revealed yesterday.He explained the government intended to rent 75,000 square feet of space
Symonette declares interest in Town Centre Mall
BRENT Symonette, minister of trade, financial services and immigration declared his interest in Town Centre Mall in Parliament yesterday.He stood to declare his interest in the mall and a company called BHRSC Holding Ltd after Official Opposition Lea
Broken promise: Rebel FNM MPs say Post Office deal is election betrayal
FOUR Free National Movement backbenchers blasted their party’s decision to enter into a lease agreement for the Town Centre Mall, partly owned by a Cabinet minister, insisting the move contravenes good governance principles and violated the trust of the Bahamian people.
Minnis: Why all the fuss? Look what PLP wanted
PRIME Minister Dr Hubert Minnis defended his administration’s decision to enter a lease agreement with the Town Centre Mall during debate on the matter in the House of Assembly last night by attacking the Progressive Liberal Party’s failure to secure a stable future for the General Post Office.
Showdown looms over nurses’ shift patterns
THE Public Hospitals Authority appeared to be on a collision course with nurses yesterday, announcing it will implement a new shift system for them on December 10 despite objections from the Bahamas Nurses Union.
‘Health levy plus VAT rise too much to bear’
PROGRESSIVE Liberal Party Leader Philip Davis yesterday knocked the government’s proposed salary tax to fund its National Health Insurance scheme as “regressive”.
Lucayan chairman targets $6-7m Hutchison 'recovery'
The Grand Lucayan’s chairman yesterday revealed he plans to “go after” Hutchison Whampoa to recover the $6-$7m Memories lease guarantee payment, as he hit back at the PLP’s leader.Michael Scott, blasting Philip Davis’s criticisms over the upcoming $2
MAN, 20, REMANDED AFTER HE IS CHARGED WITH MURDER
A 20-year-old man was sent to prison yesterday after being charged in the Magistrate’s Court with murder and attempted murder. Jeremy Thompson appeared before Deputy Chief Magistrate Subusola Swain accused of murdering Karo Bullard by means of unlawf
Tourist drowns at Taino Beach
GRAND Bahama police are investigating the drowning of a male visitor who was found unresponsive at Taino Beach earlier this week.Superintendent Walter Henderson reported that sometime after 3pm, a male tourist was snorkeling at the beach, and was dis
Archer, TEAM MECO launch bid for president of the BAAA
A SECOND slate of candidates have launched their bid for next month’s Bahamas Association of Athletic Associations elections.Under the theme “Be The Greatest of All Time...Be The G.O.A.T,” BAAA Secretary General Drumeco Archer officially launched his
Klay: 'Deandre's got such a bright future'
Golden State Warriors All-Star guard Klay Thompson shares the lofty expectations most pundits have for Deandre Ayton. Prior to the Warriors’ 123-103 win over the Phoenix Suns Tuesday night at Oracle Arena, Thompson lauded Ayton’s future impact on Ba
Munnings: 'Being a senior comes with a lot of responsibility'
TRAVIS Munnings heads into his senior season with the University of Louisiana-Monroe men’s basketball programme as its leading returning scorer, an All-Conference player and the unquestioned of the Warhawks for the 2018-19 season.“Being a senior come
