Auto dealers ‘take a bath’ from Matthew
New car dealers yesterday told Tribune Business they “really took a bath” in October, with sales “the worst” in recent memory due to Hurricane Matthew and the struggling economy.
Ex-minister the lead attorney for Baha Mar buyer
An ex-Cabinet minister is acting as the lead Bahamian attorney for the proposed Baha Mar buyer, Tribune Business can reveal, with the approval process for its acquisition said to be moving rapidly through the highest levels of Government.
Departing casino: GB tourism revival ‘may take months’
Grand Bahama’s departing casino operator has warned “it may take months” for the island’s tourism business to return to pre-Matthew levels, while uncertainty over its key hotel properties “could not have come at a worse time”.
Freeport web shops ‘don’t need’ licence from Gaming Board
The Grand Bahama Port Authority (GBPA) is asking the Supreme Court to find that the Hawksbill Creek Agreement exempts Freeport-based web shops from having to obtain a Gaming Board licence.
Abaco Club refutes opponents’ job claim
The Abaco Club yesterday rejected claims by opponents of its proposed Little Harbour marina that the project would create just two full-time jobs, describing the development as “critical” to generating more employment by attracting new homeowners to its Winding Bay site.
Chamber: ‘Wheels not turning quickly’ over post-Matthew relief
The Bahamas Chamber of Commerce’s chief executive yesterday said “the wheels are not turning as quickly as we would like” when it came to Matthew-impacted businesses accessing capital funding.
Bahamas ‘cannot stand still’ over energy problems
The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) is gearing up for its third annual energy security forum, its chief executive yesterday arguing this nation cannot afford to “stand still and do nothing” on the issue.
Bahamians ‘won’t give Govt break’ if BPL woe persists
The Bahamas Electricity Corporation’s (BEC) former chairman has again slammed the utility over “astronomical” electricity bills, warning the Government that unless consumers are given a break “they won’t gets a break” come election time.
37% deficit rise creates new Govt ‘straitjacket’
A 37 per cent year-over-year fiscal deficit increase yesterday prompted the Opposition’s finance spokesman to warn that the next government will find itself “in a tight straitjacket with little room for manoevere”.
‘Worrisome’ rise in Central Bank support for Govt
The FNM’s deputy yesterday pledged to probe the “very worrisome” increase in the Central Bank’s financial support for the Government, which had to meet more than $100 million in one-off demands on top of its $86 million first quarter deficit.
Govt spending rise ‘doesn’t give comfort’ on fiscal correction
The Government’s increased spending is “giving little comfort” that the Bahamas can correct its fiscal imbalances, the Chamber of Commerce’s chairman warned yesterday.
Govt must show ‘success prospects’ on BOB bail out
The Government must show the Bahamian people it has credible “prospects of success” for recovering public monies that have been invested in successive Bank of the Bahamas ‘bail outs’, the Chamber of Commerce’s chairman said yesterday.
Nassau’s air arrivals off 16.5% in October
Visitor arrivals through Lynden Pindling International Airport (LPIA) were slightly ahead of last year for the first 10 months of 2016, despite a 16.5 per cent October drop-off due to Hurricane Matthew.
SuperGreen Solutions: How to slash 35% off the energy bill
According to the US Department of Energy, 35 per cent of the average home’s electric bill is from water heating. Today, we will discuss how to reduce that: Make the Bahamas a little greener, and save money.
Moody’s ‘too optimistic’ on Baha Mar’s impact
The Opposition’s finance spokesman said yesterday that while he expects Baha Mar to provide “some lift” to the Bahamian economy, it likely will not be enough to offset the adverse impact of Hurricane Matthew.
