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Fidelity targets $80m loan delinquents for bankruptcy
Fidelity Bank (Bahamas) will “aggressively” pursue delinquent borrowers responsible for $80m in collective consumer loan write-offs via personal bankruptcy judgments, asset seizures and taking liens over their wages.
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‘Beyond dispute’: But marinas demand proof
The Ministry of Finance’s top official yesterday asserted it was “beyond dispute” that boating fees due to the Government had not been paid amid demands from the marina industry to “show us the evidence”.
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Minnis: BPL chief says we’re right over Wartsila
Dr Hubert Minnis says Bahamas Power & Light’s (BPL) chief executive has vindicated his administration’s $90m Wartsila investment as he queried whether the utility is increasingly reliant on rental generation once again.
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Deltec to ‘vigorously’ fight new FTX lawsuit
A Bahamian bank and its chairman yesterday denied fresh allegations that they knowingly aided and abetted the multi-billion dollar FTX fraud prior to the crypto exchange’s November 2022 implosion.
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Enact anti-corruption legislation, FNM Says
FREE National Movement leader Michael Pintard said the Davis administration should enact a suite of anti-corruption legislation, including a Public Anti-Corruption Act, a Public Officials Code of Conduct Act and an Integrity Commissions Act.
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AG hopes lower courts follow court of appeal on denying bail
ATTORNEY General Ryan Pinder said the Court of Appeal has established the framework for denying bail to some people accused of serious crimes, and he hopes the lower courts begin to follow suit.
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Bahamas to field its best team ever: FIBA Pre-Olympic qualifier August 14-20
With National Basketball Association’s DeAndre Ayton and Eric Gordon all committed to joining Chavano “Buddy” Hield and Kai Jones, the Bahamas is expected to field its best team for the Pre-Olympic Qualifier in Santiago de Estero, Argentina.
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Bahamas’ mixed relay team breaks national record for the second straight time
THE Bahamas’ four-member team of Lamar Taylor, Davanta Carey, Rhanishka Gibbs and Zaylie-Elizabeth Thompson closed out competition at the FINA World Aquatics Championships in the mixed 4 x 100 metre relay with a 27th place overall in Fukuoka, Japan.
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Billie Jean King Cup: Team Bahamas relegated to Group III
AFTER competing against the Pool B teams at the Billie Jean King Cup (BJKC) in Santo Domingo, Dominican Republic, Team Bahamas was relegated to the Americas Group lll.
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Gov’t set to make VAT-free initiative ‘more meaningful’
The Ministry of Finance’s top official yesterday revealed the Government is seeking to “tweak” this year’s Back to School ‘VAT-free holiday’ to provide merchants and consumers with “more meaningful benefits”.
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Governance reformers call for more transparency focus
Governance reformers yesterday urged the Government to improve The Bahamas’ anti-corruption standing by prioritising and speeding-up reforms to promote transparency after it was accused of “stalling” on several measures.
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Central Bank: ‘Stay alert’ on credit card fraud rise
The Central Bank is urging Bahamians “to stay alert” due to an increase in credit card fraud incidents.
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Demolition of derelict buildings downtown to resume
THE DEMOLITION of derelict buildings downtown will soon resume, Senator Randy Rolle announced in the Senate on Friday.
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Baha Mar blames BPL for $8.5m hit to profits
Baha Mar yesterday warned that soaring energy bills will “have a significant impact on our profitability” for 2023 by adding an extra $8.5m to its full-year operating costs.
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Tax dodgers ‘dominate’ foreign yacht charters
The Ministry of Finance’s top official yesterday hit back over concerns about VAT’s imposition on foreign yacht charters by arguing the sector was “dominated” by a few large tax-dodging companies that need “to pay their fair share”.
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Fears ‘non-peak’ airlift undermined spark clash
The Ministry of Finance’s top official and a senior airline executive yesterday clashed over fears that Customs overtime fees will undermine The Bahamas’ ambitions to attract airlift “outside of peak hours”.
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Top finance official says: Tourism can pay more
The Ministry of Finance’s top official yesterday argued the tourism industry can pay “a little bit more in taxes without hampering its viability as vacation rentals came under the microscope once again at a sector gathering.
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SBF charges dropped on Bahamas objection
US prosecutors will drop charges of illegal election campaign contributions against embattled FTX co-founder, Sam Bankman-Fried, after The Bahamas objected to their inclusion in his indictment following extradition.
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Bahamas men spike way into semifinals
Ladies suffer third straight loss
The men’s national volleyball team, with a well-rounded effort from every player, swept aside Martinique in three straight sets to advance to the semifinals of the Senior Caribbean Volleyball Championships at the Anthony Nesty Sports Hall in Paramaribo, Suriname.
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I-Elite ready to take Reloaded Baseball to another level
THE International Elite Sports Academy has collaborated with the Reloaded Baseball programme since February which has translated to them competing in their first international baseball tournament.
