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Bran: Save the Bays leak ‘more damaging’ than Panama Papers

The Democratic National Alliance’s (DNA) leader yesterday said the ‘Save the Bays’ e-mail leak had been “more detrimental” to the Bahamas and its financial services industry than the so-called ‘Panama Papers’ revelations.

Gov’t bond offering likely 20% off-target

The first Bahamas Government Stock (BGS) issue of the 2015-2016 fiscal year was likely to close 20 per cent below target, the administration’s financial advisers disclosed yesterday.

BAISS championship series tip-off

The Bahamas Association of Independent Secondary Schools basketball championship series tipped off in all four divisions last night at the Kendal Isaacs Gymnasium. Game two in each series is scheduled to take place starting at 4pm today.

Sports notes

THE Bahamas Association of Athletic Associations will be back in action this weekend as the National Junior Track and Field Championships are slated for 5:30pm today and 1pm Saturday. Competition will be held in the under-18 and under-20 divisions for boys and girls.

Sports Notes

THE 11th Annual Grand Bahama Road Cycling Championships is slated to be held on Saturday with competition in categories 1, 2 and 3 to see who will take home the crown of Grand Bahama Road Cycling champions.

B’air, Water Corp eat up $55m in subsidies

Bahamasair and the Water & Sewerage Corporation will collectively consume $55 million in taxpayer subsidies in 2014-2015, the Deputy Prime Minister yesterday revealing that the latter has been allocated a further $15 million for this fiscal year.

Freeport ‘stagnated’; Cayman attracted $6bn

A well-known attorney yesterday called for Freeport’s population to double within 20 years, questioning why it had “stagnated” as its fellow hurricane-hit island, Cayman, attracted $6 billion in investments over the past decade.

Web shop chief backs delay in licence bid deadline

THE head of the country’s largest web shop chain has confirmed that the government’s decision to extend the deadline for web shops to submit their bids for licences was due to a “discrepancy on the back taxes and the interpretation of what turnover is”.

Sports in brief

THE Junior Baseball League of Nassau is slated to host its first US Embassy/JBLN/MLB Baseball Skills Clinic October 30 to November 2 at the St Andrew’s Field of Dreams.

Striping's patch plant to create 15-20 jobs

The extension of duty-free incentives beyond the Port area was yesterday cited as critical to Bahamas Striping’s decision to switch its planned $750,000 manufacturing facility from Abaco to Grand Bahama’s West End, a facility that will initially create 15-20 jobs.

BISX-listed fund eyes 20% vacancy rate at flagship

The BISX-listed Bahamas Property Fund is aiming to slash vacant space at its flagship Bahamas Financial Centre to 20 per cent by year-end, as it hopes to seal a deal that will offset the September loss of its FINCO branch.

'Unreasonable' for Bruno Rufa to be given seven days to leave the country

WHILE Director of Immigration William Pratt by law had the power to vary, cancel or reduce the 150-day period that was granted to Canadian Bruno Rufa on his entry to the Bahamas last year, Supreme Court Justice Petra Hanna Weekes found that it was “unreasonable” for the director to have given him seven days to leave the country - a day and half before the Christmas holiday.

Construction industry outlook ‘looking great’

BAHAMIAN professionals yesterday said “things are looking great” for the construction industry in 2023 with multiple new projects anticipated to break ground during the year.

Private sector credit shrank 20% pts of GDP pre-COVID

The Bahamas’ low pre-COVID economic growth coincided with bank credit to the private sector contracting by the equivalent of 20 percentage points of GDP, an international rating agency has revealed.

Sand Dollar rout Zulu Media 96-64, Cyber Tech top Mekaddish Millionaires 82-80

THE New Providence Basketball Association continued its regular season action at the AF Adderley Gymnasium on Wednesday night.

Marinas seek charter clarity amid fear of 20% increase

Bahamian marinas are seeking clarity on whether the 10 percent VAT on foreign yacht charter contracts will be levied on pre-existing deals come July 1 amid fears this will be “a tough pill to swallow”.

Bahamas aiming to double Texas visitor share to 10%

The Bahamas is seeking to double Texas’ share of its tourism customer base to 10 percent, the deputy prime minister has revealed, while revealing that the Houston Rockets basketball team will likely hold their training camp in Nassau.

Ministers refute concerns on PharmaChem chemicals

CABINET ministers have refuted an Opposition MP’s concerns over the storage of hazardous chemicals and materials at the PharmaChem plant following its mid-January closure.

VJ Edgecombe named Junior Male Athlete of the Year

Valdez “VJ” Edgecombe has been awarded the Tribune’s 2023 Junior Male Athlete of the Year. With athletics and aquatics garnering a number of the top stories throughout the year, Edgecombe provided a bright spot for basketball in the junior category.

Horse trainer Larry Demeritte makes history

From Governor’s Harbour in the Bahamas to Louisville, Kentucky, USA, here comes trainer Larry Demeritte.

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