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Collapsed company suffers reversal in 13-year BTC fight

The Court of Appeal this week overturned permission granted to a niche telecoms provider to amend its claim against the Bahamas Telecommunications Company (BTC), whose “misfeasance in a public office” allegedly caused its collapse.

Broker/dealer holds off Commission’s provisional wind-up

A Bahamian broker/dealer that admitted to misusing almost $4 million in client monies without permission has temporarily held-off the Securities Commission’s bid to place it into provisional liquidation.

Aliv works with majority owner so ‘no cannibalising’

Aliv and its majority shareholder were yesterday said to be co-ordinating their respective capital raisings to ensure they will “not cannibalise” each other, with both looking to close in the 2017 first quarter.

‘No political party is committed’ to cutting Govt size

Shrinking the size of government will be extremely hard to achieve in the Bahamas, a well-known businessman believes, because “no political party is committed to it as a philosophy”.

Bank growth focus ‘not the way to go’

The Bahamas must target wealth owners and the entities that directly service them to grow its financial services industry, with a bank-focused strategy “not the way to go”.

Bahamas beaten in Davis Cup after doubles loss

DORAL Park, Miami: Not even a last minute change in the line-up could help the Bahamas from preventing Venezuela from taking a winning 3-0 in the first round of the American Zone II Davis Cup tie on Saturday afternoon.

Davis Cup: Newman loses in straight sets

DORAL Park, Miami - Top seed Spencer Newman got off to a slow start and despite a comback, it was not enough to propel the Bahamas to its first victory in the second singles played on day one of the American Zone II Davis Cup tie.

Defeat for Bahamas in Davis Cup opener

DORAL Park, Miami - Philip Major Jr, eager to put on a good show in his first ever five-set match, gave it all he had but came up short in the Bahamas’ opening match in the American Zone II Davis Cup tie against the hosts, Venezuela, on Friday at the Doral Park Country Club.

NASSAU LIFE: Painful numbers for The Bahamas

TYPICAL Bahamians, like citizens everywhere, take little interest in the numbers underlying their country’s successes - or failures.

BAHAMAS BEATS US TO RETAIN GENE SCOTT TROPHY

A STRONG Bahamas IC team which included its most successful Davis Cup player over the last decade, Devin Mullings, and its most successful Fed Cup player Larikah Russell - over the same period - beat the USA to retain The Gene Scott Trophy.

Gov’t ‘blind’ to 75% deficit rise

The Government was yesterday urged to “take off the blinders” and curb its spending, with Opposition politicians describing the fiscal deficit’s 75 per cent expansion as “eerily similar” to the prior year’s performance.

Exchange control changes to Govt during February

The Government will receive proposals for further exchange control liberalisation targeted at the private sector next month, in a bid to boost an “underperforming” economy that contributed to the Bahamas’ ‘junk’ downgrade.

Second Baha Mar SPV asset transfer

Baha Mar’s receivers and liquidators have left “no stone unturned” in their hunt for assets, quietly transferring a second tranche to the project’s secured creditor in December 2016.

Bahamas ‘going backwards’ over government size

The Bahamas is “going backwards” because the $1 billion-plus Value-Added Tax (VAT) revenues are being used incorrectly in expanding the size of government, the Democratic National Alliance’s (DNA) leader charged yesterday.

Baha Mar construction finish to require $400m

Baha Mar’s construction completion will cost some $400 million, the Central Bank said last night, with around 95 per cent of the project’s full-time employees to be Bahamian.

Pintard a candidate again as FNM unveils latest ratifications

THE FREE National Movement (FNM) announced the ratification of six more candidates for the upcoming general elections last night with leader Dr Hubert Minnis revealing that the full slate of 39 candidates will be announced at the end of the week.

Charlton wins 60m final, UB athletes in Fred Wilt Open

THE Purdue Boilermakers, led by Devynne Charlton, had a rare treat on Saturday as they welcomed the University of the Bahamas to West Lafayette, In- diana, for their first indoor track and field meet at Lambert Field- house.

Bahamas Great Abaco Classic tops the Web.com leaderboard

THE Bahamas Great Abaco Classic is high on the Web.com leaderboard with several PGA golfers raving about their experience at the event.

MEDITATION: One thing I want

IF you could have one thing for sure this year, what would you want?

DNA pledges $90m boost via Business Licence overhaul

The Democratic National Alliance (DNA) yesterday pledged to return $90 million to Bahamian businesses and the wider economy by reducing Business Licence fees to a nominal sum.

The Tribune

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