作者: admin

  • Former Grand Lucayan employees collect final severance payouts

    Former Grand Lucayan employees collect final severance payouts

    Former employees of the Grand Lucayan Resort in Grand Bahama commenced receiving severance packages on Friday, revealing significant disparities between expected and actual compensation following the government’s redundancy decision. The termination process affects workers transitioning the property to Concord Wilshire’s $120 million redevelopment plan.

    Compensation structure provided line employees—predominantly casual or contract workers—with two weeks’ base pay, an additional two weeks’ gratuity, and accrued Christmas bonuses. This arrangement diverged sharply from employee expectations of packages calculated based on years of service, where many anticipated two weeks’ pay per year for line staff and four weeks per year for managerial positions.

    Shaneka King, a four-year contract veteran in guest services, expressed widespread disappointment: “We were looking at four weeks pay total, which would have gone to the majority of persons here.” Her testimony highlights the prevalent employment structure where approximately 85% of staff worked recurring three-month contracts requiring unpaid week-long breaks between renewals—a practice that continued throughout the government’s management tenure.

    The payout process itself faced operational challenges, with employees gathering from 9am despite distributions not commencing until 11:30am. Labor officials attended the site to facilitate National Insurance Board registrations and Job Seekers program enrollments for affected workers.

    While some employees expressed gratitude for receiving any compensation given their contractual status, others criticized the delayed proceedings and lack of union representation for temporary staff. Bartender D’vone Knowles noted, “We got slightly less, but I’ve been here for a year,” capturing the mixed sentiments among workers with varying tenure.

    Phylicia Woods-Hanna, Director of Investments, defended the redundancy exercise as “a necessary step in repositioning the property,” emphasizing that separation packages complied with the Employment Act and applicable agreements. The government is coordinating with labor departments and private sector partners to provide reemployment support across Grand Bahama’s economy.

    Payouts continue through next week, with supervisory and managerial staff scheduled to receive packages on Tuesday following Monday’s remaining line staff distributions.

  • Energy prices soar on Iran war fallout, stocks slide

    Energy prices soar on Iran war fallout, stocks slide

    Financial markets worldwide experienced significant turbulence on Monday as escalating military actions in the Middle East triggered dramatic shifts across multiple asset classes. The intensification of regional conflict following Iran’s attacks on Qatari energy facilities sent shockwaves through global trading floors, creating a classic risk-off environment characterized by plunging equities and surging safe-haven assets.

    European natural gas markets witnessed unprecedented volatility, with benchmark prices skyrocketing over 50% after QatarEnergy, the state-run energy corporation, announced production halts at two major liquefied natural gas processing bases damaged during the hostilities. This supply disruption coincided with crude oil futures surging nearly 9% as market participants grew increasingly concerned about potential long-term disruptions to energy shipments through the strategically vital Strait of Hormuz, where approximately 20% of global seaborne oil transits.

    The equity selloff manifested across major indices worldwide. Wall Street’s opening bell saw the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite each drop between 1.1-1.5%, mirroring substantial losses in European bourses where Frankfurt’s DAX and Paris’s CAC 40 declined over 2.3%. Asian markets similarly retreated, with Japan’s Nikkei 225 and Hong Kong’s Hang Seng Index closing down 1.4% and 2.1% respectively.

    Investors demonstrated a pronounced flight to safety, boosting the US dollar nearly 1% against major currencies while gold prices climbed 2.6% to $5,382.60 per ounce. Market strategists observed that participants were seeking shelter in traditional safe havens amid growing geopolitical uncertainty, though noted the absence of full-scale panic suggesting investors remain uncertain about the conflict’s potential long-term economic consequences.

    Sector performance revealed stark divergences. Airline stocks suffered severe losses as carriers canceled numerous flights and Dubai’s aviation hub experienced operational disruptions. British Airways parent IAG dropped 5.6%, Air France-KLM fell 7.9%, while Qantas and Singapore Airlines each declined approximately 5%. Conversely, energy majors and defense contractors enjoyed substantial gains, with Shell rising 2.7%, TotalEnergies climbing 4.6%, and defense specialists BAE Systems and Palantir Technologies advancing 6.3% and 4.7% respectively.

    Economic analysts warned that sustained energy price increases could reignite inflationary pressures and potentially derail global growth. The situation presents particular challenges for oil-importing nations, with economists noting that while OECD countries maintain strategic petroleum reserves equivalent to 90 days of consumption, prolonged supply disruptions could push crude prices above $100 per barrel with significant recessionary implications for the global economy.

  • Climate agency predicts severe weather activity for Caribbean as soon as April

    Climate agency predicts severe weather activity for Caribbean as soon as April

    BRIDGETOWN, Barbados – The Caribbean Climate Outlook Forum (CariCOF) has issued a stark warning for the region, forecasting an escalation of severe weather phenomena and persistent drought conditions linked to unusually warm waters in the Tropical North Atlantic Ocean. According to the latest Caribbean Climate Outlook Newsletter, this anomalous oceanic heat is set to trigger significant climatic disruptions beginning as early as April. Southern Belize, the Guianas, the Greater Antilles, and the mountainous zones of the Lesser Antilles are identified as areas of particular concern for intense weather activity. The forecast period encompasses the tail end of the dry season, which peaks in March, and the subsequent transition into the region’s heat season. Beyond severe storms, the continued warmth elevates the potential for severe flooding, flash floods, and cascading environmental hazards from April or May onward. Concurrently, short dry spells are predicted to peak in frequency, especially impacting the ABC Islands (Aruba, Bonaire, and Curaçao) and the Lesser Antilles. Furthermore, episodes of significant heat discomfort are anticipated to emerge by March in inland areas of Belize, the Guianas, and Trinidad, spreading to other parts of the Caribbean by April and becoming more widespread in May. Critically, CariCOF emphasizes that projected rainfall will be insufficient to alleviate long-term drought conditions. The ABC Islands, St. Kitts and Nevis, and the Windward Islands are specifically noted, with Grenada facing an imminent long-term drought by the end of May. A status update as of January 1st detailed that moderate short-term drought has already developed in eastern Guadeloupe, St. Croix, St. Kitts, St. Lucia, Sint Maarten/St-Martin, St. Vincent, far southeast Suriname, and Aruba. The prognosis for the end of May also indicates that long-term drought is evolving in the ABC islands, Dominica, Martinique, and St. Vincent, with potential development or continuation in northern Dominican Republic, Saint Martin, and St. Barts.

  • Russia strikes kill six, hit passenger train in Ukraine

    Russia strikes kill six, hit passenger train in Ukraine

    Ukrainian officials reported on Monday that a series of Russian military strikes resulted in the deaths of at least six civilians across multiple regions, underscoring a continued escalation in attacks on civilian infrastructure. The assaults included a targeted drone strike on a moving passenger train, marking a concerning tactical shift in the ongoing conflict.

    The eastern city of Kramatorsk, a key Ukrainian defensive position facing advancing Russian forces, suffered significant casualties with three civilians killed in the bombardment. Separately, rescue workers in the central Dnipropetrovsk region recovered the body of a 55-year-old man from the rubble of a destroyed residential building. Later that same day, a precision drone attack struck a moving train in the region, resulting in one additional fatality and injuring seven passengers. Deputy Prime Minister Oleksiy Kuleba confirmed that the train’s crew executed an emergency stop, enabling the immediate evacuation and provision of first aid to those wounded.

    This incident aligns with observations from Ukrainian Railways CEO Oleksandr Pertsovskyi, who noted last month a strategic increase in Russian attempts to sever critical transportation links, effectively isolating regions within Ukraine. In the northern Chernigiv region, which shares a border with Russia, local authorities announced the death of an elderly woman, born in 1937, from shelling.

    The persistent bombardment of urban centers and energy grids continues despite international diplomatic efforts, including a U.S. push for negotiations. The conflict, initiated by Russia’s full-scale invasion in February 2022, remains the deadliest in Europe since World War II, having claimed hundreds of thousands of military and civilian lives.

  • China backs Iran ‘defending sovereignty’, vows to push for peace

    China backs Iran ‘defending sovereignty’, vows to push for peace

    BEIJING—Chinese Foreign Minister Wang Yi expressed Beijing’s firm support for Tehran during a critical telephone discussion with Iranian counterpart Abbas Araghchi on Monday, as military confrontations intensified across the Middle East. The diplomatic exchange occurred amid escalating violence that has claimed hundreds of lives since Saturday when combined US-Israeli operations initiated strikes against multiple targets within Iranian territory.

    According to state broadcaster CCTV, Wang Yi emphasized China’s commitment to the longstanding Sino-Iranian relationship, stating Beijing ‘cherishes the traditional friendship between China and Iran, supports Iran in defending its sovereignty, security, territorial integrity, and national dignity.’ The foreign minister further articulated China’s position that Tehran has the right to protect its legitimate interests against external military actions.

    In a series of coordinated diplomatic communications, Wang Yi separately addressed Omani Foreign Minister Badr Albusaidi and France’s Jean-Noel Barrot, condemning what he characterized as violations of international law by the United States and Israel. Wang accused both nations of ‘deliberately instigating a war against Iran’ and violating the fundamental principles of the United Nations Charter through their military campaigns.

    The Chinese diplomat warned of dangerous global implications, cautioning that the current trajectory risked a ‘regression to the law of the jungle’ where major powers could arbitrarily attack other nations based on military superiority. Wang Yi called for immediate cessation of military operations by US and Israeli forces to prevent further regional escalation and advocated for returning the Iranian nuclear issue to political and diplomatic settlement processes.

    China positioned itself as a potential mediator, with Wang Yi expressing Beijing’s willingness to ‘play a constructive role through the platform of the UN Security Council’ by upholding international justice and striving for peaceful conflict resolution. The diplomatic interventions occurred alongside reports that Tehran had responded to initial strikes with missile and drone attacks targeting Israel, Gulf states, and a British military installation in Cyprus.

    The conflict has already resulted in significant casualties, including four US military personnel killed in combat operations. US President Donald Trump has indicated that hostilities with Iran could persist for several weeks, suggesting prolonged regional instability.

  • PM opens $2.1m Mayaguana airport tied to 2,000-job seaport project

    PM opens $2.1m Mayaguana airport tied to 2,000-job seaport project

    The Bahamian government has inaugurated a transformative $2.1 million airport terminal on Mayaguana Island, marking a significant milestone in its infrastructure modernization agenda. Prime Minister Philip Davis officially commissioned the facility during Saturday’s ceremony, declaring it would fundamentally reshape the island’s economic trajectory while ensuring the southern Bahamas receives equitable development attention.

    The newly operational terminal at Abraham’s Bay Airport spans approximately 3,200 square feet and represents a substantial upgrade in passenger amenities. The climate-controlled facility features expanded ticketing services with seating for thirty travelers, dedicated airline offices, advanced baggage screening capabilities, public restrooms, commercial vendor spaces, and an integrated police station with detention facilities. The existing 6,700-foot runway accommodates mid-size jet aircraft, currently facilitating scheduled domestic flights between Mayaguana and Nassau.

    This aviation infrastructure project serves as the initial component of a comprehensive development strategy that includes a planned three-phase deepwater seaport developed through public-private partnership. The envisioned maritime facility will incorporate specialized marine offloading infrastructure, cruise passenger terminals, and deepwater transshipment capabilities alongside adjacent land development initiatives.

    Prime Minister Davis emphasized the project’s employment potential, projecting approximately 2,000 new jobs throughout the development lifecycle. “The economy of Mayaguana will be forever changed by this progress,” Davis stated. “This is just the beginning of our plans. The southern Bahamas is fully included in our plans and will not be neglected or forgotten.”

    Deputy Prime Minister Chester Cooper, overseeing tourism, investments, and aviation, characterized the terminal as integral to the administration’s nationwide 14-airport enhancement strategy. He highlighted the facility’s role in improving connectivity while preserving the island’s distinctive environmental and cultural characteristics. Cooper envisions expanded cargo operations and emerging industries, particularly commercial fishing, with potential direct export routes to international markets including Brazil.

    Construction commenced in December 2024 with completion achieved during third-quarter 2025. Full electrical integration was finalized in January 2026. Government officials position the development as a catalyst for accelerated economic expansion throughout the southern Bahamas, anticipating subsequent investments in hospitality, education, healthcare, and supporting infrastructure.

  • First aviation ambulance in Mayaguana under deal between govt and BACSWN

    First aviation ambulance in Mayaguana under deal between govt and BACSWN

    The Bahamas government has initiated a significant upgrade to its emergency medical response capabilities with the deployment of a specialized aviation ambulance to Mayaguana International Airport. This strategic move forms part of a comprehensive national aviation safety and emergency preparedness strategy developed through a collaborative Heads of Agreement between the Government of The Bahamas, Bahamas Aviation Climate and Severe Weather Network (BACSWN), and Response Plus Medical (RPM).

    Prime Minister Philip Davis emphasized that this deployment represents the initial phase of an ambitious plan to equip Family Islands airports with advanced emergency response resources. The initiative directly addresses the country’s international obligations under the International Civil Aviation Organization (ICAO) standards, which mandate specific emergency recovery services for participating nations.

    The Mayaguana deployment marks the first of approximately 50 aviation-spec ambulances destined for strategic locations throughout the Bahamian archipelago. These vehicles, equipped with state-of-the-art medical technology and aviation-grade safety features, will significantly enhance emergency medical coverage across the nation’s 173,000 square miles of airspace.

    A critical component of this initiative involves the establishment of the Caribbean’s first NextGen Meteorological Watch Office under BACSWN’s supervision. This advanced facility will provide real-time flight tracking, coordinate crash response and search-and-rescue operations, and deliver live meteorological updates for aircraft and vessels operating within Bahamian territory.

    The comprehensive program extends beyond equipment deployment to include institutional support through a forthcoming agreement with the Department of Public Health. This collaboration will encompass service regulation, specialized training, and staffing solutions where necessary, ensuring sustainable emergency response capabilities across the island chain.

  • Roberts Roberts healing in healing in hospital

    Roberts Roberts healing in healing in hospital

    NASSAU, BAHAMAS – Rupert Roberts, the 88-year-old founder and visionary behind the Super Value grocery chain, has provided a positive health update from his hospital room at the renowned Mayo Clinic in Rochester, Minnesota. In an exclusive communication with Tribune Business, the esteemed businessman confirmed his successful transition out of intensive care as he continues treatment for pneumonia, expressing unwavering optimism about both his personal recovery and the future trajectory of his enterprise.

    The medical emergency began when Mr. Roberts was suddenly stricken with a severe case of pneumonia in Nassau, necessitating urgent blood transfusions. This prompted an immediate and heartfelt response from the Bahamian community, as Super Value employees and citizens alike rallied to donate blood after appeals circulated on social media platforms.

    From his hospital bed, Mr. Roberts extended profound gratitude for the overwhelming support, acknowledging both the critical blood donations and the countless prayers offered for his recuperation. Social media channels were inundated with supportive messages from across the nation, including numerous testimonials from current and former staff members.

    Medical procedures conducted by Dr. Duane Sands, former Minister of Health and Mr. Roberts’ personal physician, were crucial in stabilizing the businessman’s condition. Dr. Sands performed a critical intervention by extracting approximately 64 ounces of fluid from Mr. Roberts’ lungs, enabling his safe transport via air ambulance to the Mayo Clinic for specialized treatment.

    Looking forward, Mr. Roberts anticipates returning to The Bahamas within approximately ten days, contingent upon medical confirmation that the pneumonia has been fully eradicated. During his remaining time at the clinic, he is expected to undergo a scheduled replacement of his heart pacemaker—a procedure previously discussed with his medical team.

    Despite his advanced age, which he humorously dismissed by referring to himself as ‘still young,’ Mr. Roberts articulated strong confidence in the continued success of Super Value under the leadership of President Debra Symonette, who has managed daily operations for the past five years. He also highlighted the increasing involvement of his grandchildren, Patrick and Paige Waugh, signaling a thoughtful succession plan for the family business.

    In a significant business development, Mr. Roberts revealed ambitious modernization plans for Super Value’s warehouse facilities, noting that the company is currently ‘operating in the Stone Age.’ The comprehensive upgrade project aims to double weekly shipping container capacity from 250 to 500 units, effectively catapulting logistics operations into the 21st century.

    Mr. Roberts’ legacy extends beyond the supermarket industry. As the former chairman of Commonwealth Bank Limited from 1984 to 1992, he presided over a period of remarkable growth following the bank’s Bahamianization. Under his stewardship, the institution relocated its headquarters, expanded its branch network, and achieved an extraordinary 700 percent growth in total assets, surpassing $125 million while increasing net income from $1.3 million to $4 million during his tenure.

  • Bahamians stuck in Dubai as PM warns of economic impact from Iran conflict

    Bahamians stuck in Dubai as PM warns of economic impact from Iran conflict

    A severe escalation of Middle East tensions has left Bahamian citizens stranded in Dubai following coordinated military strikes and retaliatory actions between the United States, Israel, and Iran. The conflict erupted after the death of Iran’s Supreme Leader Ayatollah Ali Khamenei in targeted strikes, triggering widespread missile and drone attacks across the region.

    The immediate consequence has been the closure of most Middle Eastern airspace, creating travel chaos and trapping thousands of international travelers, including Bahamian tourists and residents. Prime Minister Philip ‘Brave’ Davis confirmed his government is actively monitoring the situation, expressing particular concern for staff at The Bahamas’ embassy in Abu Dhabi due to its proximity to the Israeli diplomatic mission.

    In Dubai, the night sky illuminated with explosions as defense systems intercepted hundreds of incoming projectiles. Air operations were suspended indefinitely as missiles targeted Israeli and US military assets throughout the region. While the United Arab Emirates reported successful interceptions of numerous threats, the overall death toll continues to rise rapidly.

    Prime Davis warned of potential economic repercussions for The Bahamas, stating: ‘The stubborn elephant in our room is the cost of living, and we have very little control of costs. With the unrest in the Middle East, we expect oil prices might rise. We must minimize the impact on our citizens through tax relief on fuel imports or other forms of assistance.’

    Firsthand accounts from Bahamians in Dubai reveal the sudden shift from tourism to tension. One traveler, who requested anonymity, described hearing explosions while celebrating a birthday: ‘We literally heard two bombs go up in the sky. That was definitely not the culture shock I was looking for. We hurried back to the hotel and we’ve been in here ever since.’

    Tanaz Cunningham, a Bahamian business owner residing in Dubai, reported audible explosions every 30-60 minutes but noted that daily life continues with precautions. ‘It’s just a matter of staying inside and making sure no debris falls anywhere around you,’ she explained. Her husband, a Bahamian pilot based in Dubai, remains stranded in Tanzania due to airspace closures.

    The Bahamian Ministry of Foreign Affairs has issued comprehensive travel advisories, urging citizens to avoid all travel to Israel, Palestine, and Iran. Additional countries including Syria, Iraq, and Yemen are categorized under ‘Avoid Non-Essential Travel,’ while the UAE, Qatar, Kuwait, Oman, and Bahrain require a high degree of caution. All Bahamian nationals in affected regions are advised to shelter in place and limit non-essential movement.

  • Dementia patient goes missing from hospital

    Dementia patient goes missing from hospital

    A Bahamian family has leveled serious negligence allegations against Princess Margaret Hospital following the disappearance of their 72-year-old dementia patient relative shortly after admission. Felix Beneby, who was hospitalized on Saturday morning for hernia complications and scheduled for surgery, mysteriously left the medical facility without staff detection and was later discovered at his sister’s residence approximately 3.4 miles away.

    According to family accounts, Mr. Beneby was admitted through emergency services following a four-hour ambulance delay. His son, Solomon Beneby, expressed profound distress over the incident, highlighting that hospital staff allegedly knew about the disappearance during Saturday evening yet failed to notify relatives until Sunday morning.

    The family’s concerns are compounded by the patient’s critical medical condition. “The emotional and psychological trauma currently being experienced by my family cannot be expressed in words,” stated Solomon Beneby. “To walk at night from PMH to Malcolm Road with a hernia pending surgery scheduled for Monday, I cannot even begin to imagine the pain of each step on that uneven path.”

    Medical professionals familiar with such cases note that hernia patients typically require careful monitoring as displacement of stabilizing devices could trigger severe internal bleeding. The family now demands explanations regarding security protocols and communication procedures that allowed the vulnerable patient to exit unnoticed and why emergency contacts weren’t immediately notified.

    The Public Hospitals Authority has not responded to media inquiries regarding the incident. This event has reignited existing concerns about patient safety standards at the Nassau-based healthcare facility, marking another episode in ongoing scrutiny of the institution’s care protocols.