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Insolvent adviser meets just 25% of $1m liability
An insolvent Bahamas-based investment advisor has been placed in Supreme Court-supervised liquidation due to its remaining cash balances covering less than 25 percent of its $1m-plus liabilities. Ed Rahming, the newly-appointed liquidator for Pacifi
BTC targets Internet lead with 90% fibre coverage
The Bahamas Telecommunications Company (BTC) is aiming to cover 90 percent of New Providence with its new fibre network within the next nine months as it placed broadband Internet at the core of yesterday's corporate rebranding.
‘Serious money’ need for renewable energy
The Bahamas needs “serious money” to reverse a “less than mediocre” renewable energy performance that has been “trumpted as ‘big strides’”, an industry executive is arguing.
Fortify coast for economic growth
The Bahamas’ growth and economic diversification “depend” on fortifying its coast against natural threats, the Inter-American Development Bank (IDB) noting that 60 per cent of its gross domestic product (GDP) is generated by these areas.
Marines blow away Rangers
THE Bahamas Government Departmental Basketball Association moved into the second week of its 2013 season with a pair of expected contenders moving to 2-0 at the DW Davis Gymnasium on Wednesday night.
FINCO: Three-year offload sparks $9.1m provision hit
Despite recovering "in excess of" 80 per cent of the outstanding principal 0n distressed property sales, FINCO's managing director yesterday said the mortgage
Architects: ‘Free us from building control bondage’
Architects yesterday urged the government to “free us from the bondage of building control”, warning it was “missing out on” up to 80-90 percent of VAT due on professional fees.
'Exorbitant' Business Licences make one-time payments impossible
Super Value’s owner yesterday said it was impossible for the food retail industry to pay the new “exorbitantly high” Business Licence fees one-time, as he dismissed claims he was ‘bullying’ the Government over its Value-Added Tax (VAT) proposals.
Cable adviser scoldsmanagers on US$ miss
Cable Bahamas’s financial adviser yesterday expressed “disappointment” that institutional asset managers had failed to deliver on indications they would place between $10-$18 million US dollars into the company’s private placement, having invested a paltry $100,000 to-date.
Gov't targeting $660m revenue rise in 4 years
The Government is targeting improved revenue yields equivalent to 4 per cent of Gross Domestic Product (GDP) as the centrepiece of its plan to generate a recurrent Budget surplus within three years, it was disclosed yesterday.
Gov't facing long haul to be 'business friendly'
THE government still has “a great deal to do” to be viewed as business-friendly, with few businesses seeing any improvement in their interaction with public sector bureaucracy.Michael Maura, pictured, the Bahamas Chamber of Commerce and Employers Con
TAGLaw bolsters offshore presence with addition of Bahamas firm
St. Petersburg, Florida, USA – TAGLaw, an international alliance of independent law firms, has recently named Delaney Partners as its member for the Bahamas. John K. F. Delaney QC, former Attorney General of the Bahamas, founded Delaney Partners, which has quickly established itself as a leader in offshore services and a variety of financial practice areas.
LJ Rose inks deal with new European club
NATIONAL team guard LJ Rose inked a deal with a new European club.
Nassau ‘leads Americas’ on cruise ship port visits
Nassau Cruise Port is handling “more cruise ships than any port in the Americas”, its chief executive said yesterday, adding that “we’re well on our way to climbing out” of COVID’s devastation.
Sports news
THE Bahamas Rugby Union is scheduled to continue its Heineken Cup regular season at the Winton Rugby Centre 3pm Saturday when the Buccaneers take on Freeport. The early kick off is because Freeport has to catch a 6pm flight back to Grand Bahama.
‘Some progress’ on Baha Mar resolution
Negotiations over the stalled $3.5 billion Baha Mar project have made “some progress on the way forward” towards a commercial resolution, Tribune Business has been told.
Blue Raiders and Broncos hit the gridiron for final tune-ups ahead of Bahamas Bowl
As players and coaching staff become accustomed to the novelty of being in the Bahamas, they returned to some familiar confines yesterday as they hit the gridiron for one of the final tune-ups ahead of the 2015 Popeyes Bahamas Bowl.
CLUBS AND SOCIETIES 01232016
Cycling Club Bahamas. - The Enjoy! Cycling Club Social will be held on Friday, January 29, from 7pm-10pm at Island House near Lyford Cay. Bus pick-up from Harbour Bay, 6pm sharp and Cable Beach Police Station at 6:30pm sharp, returning at 10pm.
Cat Island committee gets $35,000 gov grant for 59th annual regatta
ALTHOUGH it’s considered just a “drop in the bucket,” the Cat Island Regatta committee received a grant of $35,000 from the Bahamas Government for their 59th annual regatta to be held at the regatta site in the “cultural capital of the Bahamas” in New Bight, Cat Island, over the Emancipation holiday weekend.
Deadlock in talks over Baha Mar
WITH the employment of thousands of Baha Mar workers hanging in the balance, negotiators ended a protracted second day of talks in China without a deal to push the project forward, Tourism Minister Obie Wilchcombe said.