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Waltiea Rolle joins Turkish Women's Basketball League
WALTIEA Rolle’s pro basketball career will continue this season in Turkey.According to World Wide Hoop, Rolle has signed with Endremit Gurespor of the Turkish Women’s Basketball League (TKBL).The TKBL is the top women’s basketball league in Turkey an
‘Caribbean’s lowest’ from BPL Shell deal
A Cabinet Minister yesterday pledged the Bahamas will have “the most competitive energy prices in the region” through selecting Shell as Bahamas Power & Light’s (BPL) generation partner.
Govt says: We’ve accepted 80-90% of non-profit needs
The Government believes it has “accommodated 80-90 percent” of non-profit concerns over plans to regulate the sector, although it remains on a collision course with the church.
PwC wins battle over liquidation of alleged fraud
A huge battle over who should wind-up an alleged multi-million dollar fraud, a case that has embroiled a BISX-listed company, has ended with the Supreme Court appointing a combination of PricewaterhouseCoopers (Bahamas) and the US receiver as liquidators.
Broker ‘acted in good faith’ on $400m fraud
A BISX-listed company’s principal, and its main broker/dealer subsidiary, are demanding that a US federal lawsuit against them be dismissed because they “acted in good faith and did not receive ill-gotten profits” from an alleged $400 million financial fraud.
FNM revolt
IN A bold move that stunned Parliament, seven Opposition MPs submitted a letter of no confidence in Free National Movement Leader Dr Hubert Minnis to both House Speaker Dr Kendal Major and Governor General Dame Marguerite Pindling yesterday, revealing that a vote was taken among them for Long Island MP Loretta Butler-Turner to be the new Official Opposition Leader in the House of Assembly.
‘We must reform campaign finance’
FORMER State Minister for Legal Affairs Damian Gomez said allegations about the relationship between Canadian fashion mogul Peter Nygard and the Progressive Liberal Party are “not a good thing for the country,” adding that he hopes it spurs legislative reforms like the passing of campaign finance laws.
Sarkis’s letter shows breakthrough on Baha Mar ‘not imminent’
Sarkis Izmirlian’s letter to his former 2,026 Baha Mar staff shows there is no “imminent” breakthrough likely in the impasse over the $3.5 billion project, a senior private sector executive believes.
Baha Mar appoints ‘restructuring’ chief
Baha Mar yesterday pushed forward with its Chapter 11 plans by seeking US court permission to appoint a ‘chief restructuring officer; while Bahamian attorneys spent a second day attempting to thrash out the powers its joint provisional liquidators will possess.
$315m lost in Baha Mar tax
IT is estimated that the government has lost $315m in tax revenue from the beleaguered Baha Mar resort due its opening delays and the court appointed receivership process, according to an economic impact report of the $3.5 billion property obtained by The Tribune.
Accountant opposed by own creditors committee
An accountant is facing opposition from his own liquidation committee as he bids to obtain over $1m in compensation for efforts to wind-up a collapsed Bahamian broker/dealer.
We’re ready to take a hit on sale price
THE government has given itself a little over a month to close bids for the sale of the Grand Lucayan, according to Hotel Corporation chairman Michael Scott.
US warnings ‘threaten core of our existence’
The Bahamas “must do everything in our power” to combat US crime advisories, the Chamber of Commerce’s chief executive warning yesterday: “It threatens the very core of our existence”.
Customs inefficiency costing Gov't $66m
The Government is losing $66 million in revenues annually due to inefficiencies at Bahamas Customs alone, the situation also placing tourism industry profitability and foreign direct investment (FDI) inflows “at risk”.
Miller brands $600m waste plant's output 'fiction'
The Bahamas Electricity Corporation’s (BEC) executive chairman has branded as “fiction” and “far-fetched” the assertion by Stellar Energy that its waste-to-energy plant could produce 75-80 Mega Watts of power daily, telling Tribune Business: “The capacity just isn’t there”.
85% food import bill 'untenable'
The Bahamas imports 85 per cent of the food products it consumes, the Minister of Agriculture and Marine Resources yesterday branding this asituation “untenable”.
VAT not mandatory for 15,000 firms
More than 80 per cent of Bahamian companies, numbering more than 15,000, will not be mandated to pay Value Added Tax (VAT), with financial services and health/education among the industries exempt from paying it.
Bay St: 'Get on board or get out of the way'
An ex-Deputy Prime Minister yesterday said Perry Christie was effectively telling Bay Street stakeholders “to get on board or get out of the way” over Chinese plans to redevelop downtown Nassau, questioning whether the Government was trying to “socially re-engineer” the city.
NPBA: Regulators and Pros tied in first place
IT’S still early in the season, but Mr Ship It Freight Regulators and Island Game Pros both won on Monday night to stay tied in first place in the Vince Ferguson Division of the New Providence Basketball Association.
Judo: World juniors set for Atlantis this month
IN approximately two weeks, the international judo community will descend on the Bahamas as the island nation hosts the sport’s elite talent from around the world.A total of 510 judokas, including 295 men and 215 women from five continents and 81 cou
