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Bahamas broker’s clients: ‘We’ll be left with nothing’
Deloitte & Touche liquidators and their attorneys have been awarded over $1m in costs despite clients of a collapsed Bahamas broker/dealer voicing fears this payment leaves nothing for them to recover.
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STATESIDE: Biden seeking to avoid gaffes
US President Joe Biden is known for avoiding live press conferences. In sharp contrast to his predecessor, Biden appears to believe that such largely unrehearsed sessions would expose him to more of the gaffes and errors that have occurred many times throughout his long public career – albeit without the crippling effect of some of his contemporaries’ mistakes and misstatements.
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Battle 4 Atlantis men: Tar Heels to face Wildcats In Semifinals today
THE 12th Battle 4 Atlantis men’s tournament got off to a hot start for the Villanova Wildcats and North Carolina Tar Heels yesterday at the Imperial Arena, Paradise Island.
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PLP candidate Kingsley Smith wins West Grand Bahama and Bimini by-election
ROUND UP: PLP candidate Kingsley Smith has won the West Grand Bahama and Bimini by-election. In the unofficial vote total, Mr Smith finished with 2,150 ahead of the FNM's Bishop Ricardo Grant with 1,276, Coalition of Independents leader Lincoln Bain with 307, DaQuan Swain, Independent, with 28 and Terneille Burrows, Independent, with four. Don't miss Thursday's Tribune with all the news and reaction from the day's events.
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Commonwealth cuts loan delinquency by up to 5%
Commonwealth Bank says non-performing loans have reduced by between 1-5 percent across all credit segments since year-end 2022 as its portfolio expands faster than market growth.
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Public sector debt drops $93m during first quarter
Total public sector debt fell by $93m during the first quarter of the 2023-2024 fiscal year, it was disclosed yesterday, cutting it slightly from its June peak as the foreign currency share fell by 1.5 percentage points.
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Witness accused of wrong calculations in Gibson trial case
A SENIOR manager of the Water and Sewerage Corporation (WSC) denied a defence attorney’s suggestion yesterday that she made the wrong calculations when estimating the cost of painting WSC tanks.
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Baha Mar Hoops: Hurricanes clinch men’s title
THE University of Miami Hurricanes made their short trip to the Bahamas a memorable one at the Baha Mar Hoops Bahamas Championships yesterday in the Baha Mar ballroom.
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Sports Notes
THE New Providence Basketball Association continued its regular season action with a pair of games played at various gyms on Friday and Saturday night.
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LPIA to match or beat Thanksgiving records
The Bahamas’ major airport gateway yesterday said it expects passenger numbers for the upcoming Thanksgiving holiday weekend to meet or exceed pre-COVID’s 30,000-plus record.
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DIANE PHILLIPS: Swimming - when sport becomes survival
IN the darkness of pre-dawn, when most of us are pulling the covers over our heads finding a perfectly good excuse to snuggle right where we are for a few more minutes, Percy Knowles is preparing for his morning routine, the same as he has done for decades.
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DPM wants Long Island airport opening this term
The deputy prime minister yesterday said he “fully expects to cut the ribbon” for the opening of Long Island’s new international airport before the Davis administration’s term in office ends in 2026.
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STATESIDE: America’s 2024 political campaign began this week
THE last general election is over. The results were consistent with 2022, 2021, 2020 and 2018, inasmuch as they represented a gradual but discernible movement away from the MAGA echoes of the Republican-aligned Tea Party movement of the 1990s. These election results also seem to indicate that voters are tiring of the chaos that always seems to surround Donald Trump, even if they very fondly remember the nation’s prosperity while he was president.
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‘Full probe’ demand on WSC chair resignation
The Opposition’s chairman last night demanded “a full investigation” into the resignation of the Water & Sewerage Corporation’s executive chairman, asserting: “You’ve opened the box so let’s see what’s in it.”
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‘Companies awarded contracts were not approved contractors’
A SENIOR manager of the Water and Sewerage Corporation (WSC), who claimed to be related to Adrian Gibson, testified that the companies awarded contracts to paint water tanks when Mr Gibson was executive chairman were not on the corporation’s approved contractor list nor known to engineers.
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ArawakX directors stay in control of BOB battle
The Chief Justice has allowed ArawakX’s principals “to maintain conduct and control” of the legal battle with Bank of The Bahamas over the latter’s six-month freezing of all their accounts.
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Ole Miss Rebels set for trip to Bahamas
After coming off a 10-point loss in their last game, coach Yolett McPhee-McCuin hopes to get her Ole Miss Lady Rebels back on track tonight before they make their return trek to The Bahamas for another Thanksgiving tournament.
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Tanks didn’t need anything, said a WSC manager in Gibson case
A WATER and Sewerage Corporation employee testified in the Adrian Gibson corruption trial yesterday that water tanks were in “fairly” good condition in 2020 before $260k contracts were awarded for companies to paint them.
