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Three men deny charges in $4m marijuana haul
THREE Grand Bahama natives yesterday denied allegations of being caught with close to $4 million worth of marijuana while in waters off South Andros last week. Kenny Major, Patrick Bain, and Brian Marshall each pleaded not guilty to several drug rela
Farewell to the Sun King, Sol Kerzner
FAMILY, friends and political figures paid tribute this weekend to hotel tycoon and Atlantis developer Sir Sol Kerzner, who died on Saturday at the age of 84.
Silver for national volleyball team
The Bahamas men’s national volleyball fell short in their bid to regain the CAZOVA (Caribbean Zonal Volleyball Association) Championships that they last held in 2012, losing to host Suriname in the championship game on Tuesday night at the Ismay Van Wilgen Sporthal in Parimaribo, Suriname.
Paul Adderley dead at 84
FORMER Member of Parliament George Smith remembers Paul Adderley, former Attorney General of the Bahamas, as one of the few front line politicians who left an indelible mark on everything he touched.
Nassau hotels eye strong Thanksgiving business
Atlantis executives yesterday said the resort is “slightly ahead” of last year’s Thanksgiving bookings as it gets set to host the sixth installment of the ‘Battle 4 Atlantis’ basketball tournament today.
How my friend helped fulfill a dream for these islands
It is most difficult for me to accept that Sol Kerzner has died at the age of 84. I had the very good fortune of working with Sol from the day he assumed control and management.
Oil exploration 'might disappoint' over initial jobs
While the relatively small number of local jobs created during the initial stages of oil exploration “might disappoint” Bahamians, the Bahamas Petroleum Company (BPC) has projected that 300-500 posts would be created if commercial quantities were discovered.
FNM blasts landfill ‘false hope’
AS the government continues its search for resolutions at the New Providence dump site, Free National Movement (FNM) Deputy Leader Peter Turnquest yesterday dismissed indications that the administration was now exploring a request for proposal (RFP) process, blasting the move as “empty rhetoric” presented as means to “inspire false hope” to those that have suffered through the “calamity” of fires.
Davis asks - why Disney secrecy?
OFFICIAL Opposition leader Philip “Brave” Davis yesterday criticised the closed-door signing between the government and Disney Island Development Ltd for a multi-million dollar project in Eleuthera, adding it appeared to be shrouded in secrecy.
Private sector brands VAT compliance ‘very impressive’
Super Value’s owner has described initial Value-Added Tax (VAT) compliance rates as “very impressive”, amid hopes there has been “a paradigm cultural shift” in attitudes towards paying taxes.
IDB loans $200m to aid business climate
The Inter-American Development Bank (IDB) yesterday said it has approved a $200m loan to boost the business climate through increased productivity, innovation and greater diversification. The multilateral lender said the initiative would support the
Oil exploration unlikely to start this year
DRILLING for an exploratory oil well is unlikely to start this year, according to Bahamas Petroleum Company (BPC) Chief Executive Officer Simon Potter.
Woman dies as car crashes into barriers on Munnings Rd
A WOMAN was killed yesterday morning when her burgundy 2013 Hyundai Elantra collided into road barriers on Munnings Road.Paramedics pronounced her, Garvanisha Anastasia Carey, dead on scene after attempting to revive her.The death prompted fresh crit
Govt urged: 'Dust off' National Plan to solve our woes
An ex-Chamber of Commerce director yesterday urged the government to rapidly “dust off” the National Development Plan, arguing: “It is 100 percent the solution to the issues we are facing.” Roderick Simms, pictured , who previously chaired the organ
Gov’t raises $72m from ‘not normal’ BGS bond
The Government’s financial advisers yesterday estimated it will take three years for Bahamian investors to start treating its new BGS security as a “normal investment vehicle”, after the first issue for the 2015-2016 fiscal year came in 28 per cent below target.
BOB non-compliant with 80% of regulatory ratios
Bank of the Bahamas shareholders are being asked to “throw good money after bad”, with the BISX-listed institution now non-compliant with four out of five key Central Bank capital ratios.
Fair share: Hotel rental unit tax not in effect yet
A key Budget measure designed to ensure hotel rental pool units pay their fair share of taxation has yet to be implemented amid the wait for legislation to give it lawful effect.
Bahamas 'underestimated' cruise visitors spending
The Bahamas may have “underestimated” cruise passenger spend in Nassau and Freeport, a Cabinet Minister admitted yesterday, following reports of a 59 percent increase since 2015.
Oil exploration fears for 'eco centric mecca'
An Andros bonefishing lodge's co-owner has voice alarm that that "the eco-centric mecca" of The Bahamas could be irreparably harmed if oil exploration plans go awry.
Bahamas ‘Jamaica bound’ on present fiscal course
The Bahamas will be “Jamaica bound” unless it immediately implements measures to tackle its growing debt and deficits, a well-known fiscal hawk warned yesterday.
