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Albany developer charged on ‘brazen insider trading’
The Bahamas-based billionaire who spearheaded Albany’s development was yesterday charged with orchestrating a “brazen insider trading scheme” that allegedly netted millions of dollars in illicit profits for his closest associates.
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SPORTS NOTES
THE Royal Bahamas Defence Force, through its title sponsor Fidelity Bank, will hold its annual Fun Run/Walk Race on Saturday, starting at 6am from Goodman’s Bay.
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Roadrunners Track & Field blaze through an epic AAU
ANOTHER track and field season has come to an end with the Roadrunners Track & Field Club blazing their way through an epic performance at the annual AAU Club Championship in Orlando, Florida.
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Businessman charged with 14 firearm-related offences
A BUSINESSMAN who allegedly imported ten firearms and over 100 rounds of ammunition through a courier company last month was charged with 14 firearm-related offences yesterday.
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Adrian Gibson’s trial delayed after PLP Protest
THE corruption trial of Long Island MP Adrian Gibson was delayed again after a protest by Progressive Liberal Party supporters caused the judge concern about how their activity could prejudice the case.
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Aruba goes home with the gold
ARUBA blanked Puerto Rico 11-0 to win the 12-and-under division of the Babe Ruth Caribbean Championship yesterday at the Baillou Hills Sporting Complex.
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Nassau flagship drives 1/3 of parent’s income
Nassau Cruise Port is being hailed as a flagship investment by its controlling shareholder with The Bahamas now accounting for almost one-third of its total group adjusted revenues and operating income.
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Bank stability at 7-year high on $400m profits
The Bahamian commercial banking sector’s stability hit a seven-year high in 2022, the industry’s regulator has revealed, as combined profits soared nearly 59 percent to just shy of $400m.
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Reforms to boost financial services industry flexibility
Reforms to two key corporate products will boost the Bahamian financial services industry’s competitiveness by enabling it to provide more flexible structures to clients, the Attorney General has charged.
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Court of Appeal rejects Adrian Gibson's constitutional motion
THE Court of Appeal rejected Adrian Gibson’s latest constitutional motion on Friday, paving the way for his corruption trial to begin on Monday.
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BPL: From ‘dramatic savings’ to sky-high bills in three years
Bahamas Power & Light (BPL) has gone from “dramatic savings” on its fuel costs that have been hailed by the Inter-American Development Bank (IDB) to sky-high electricity bills in just three years.
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AC challenges at Justice Centre ‘being addressed’
SUPREME Court Deputy Registrar Renaldo Toote said the air-conditioning challenges that prompted workers to walk out of the Garnet Levarity Justice Centre in Grand Bahama are being addressed.
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Temperature rise poses additional threat to sensitive coral reefs
CLIMATE change is causing heat that threatens the existence of coral reefs in the Bahamas.
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Food prices to ‘never return to pre-COVID’
The Retail Grocers Association’s president yesterday warned Bahamians that food prices will not return to pre-COVID levels and said: “The cost of operations is increasing all over the world.”
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Musicians hit at ‘second class citizens’ treatment
Bahamian musicians yesterday argued that they remain unemployed while foreign entertainers are permitted by the Government to work at major New Providence resorts.
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Opposition ‘to hammer’ Gov’t on BPL’s $110m
The Opposition’s leader has pledged to “continue to hammer” the Government over the accounting treatment it is using for the $110m loan advanced to Bahamas Power & Light (BPL) to pay off its fuel arrears.
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Security guard charged for possession of ammunition
A SECURITY officer was granted bail after he was accused of having almost 100 rounds of rifle ammunition in his home last weekend.
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BPL’s 71% cost hike branded ‘outrageous’
Private sector executives yesterday branded the 71 percent hike in Bahamas Power & Light’s (BPL) total energy costs as “outrageous” and “brutal”, with one saying: “I don’t know how businesses are surviving.”
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WORLD VIEW: Haiti urgently needs a genuine and representative transitional government
HAITI’S non-elected President, Dr. Ariel Henry has been identified as a significant part of the current crisis in Haiti. Henry and a small clique, who surround him, are hardly running the affairs of the state. Indeed, as armed gangs control more than 60 per cent of Port-au-Prince and the main corridors throughout Haiti, the disappearance of the state is obvious.
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INSIGHT: Sound policy decisions over soundbites to tackle crime
A RECENT spate of shocking crimes – including sex attacks against elderly women – has prompted some familiar talk. We must be tougher on crime, tougher on criminals. Perhaps so – but in our reaction, we appear to be falling into an old trap of seeking to carry out action, any action, without regard to whether or not it really works.
