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ArawakX directors stay in control of BOB battle
The Chief Justice has allowed ArawakX’s principals “to maintain conduct and control” of the legal battle with Bank of The Bahamas over the latter’s six-month freezing of all their accounts.
Delay dividends to give bigger payout, BOB told
Bank of The Bahamas should have waited to pay a more substantial dividend than its recent one cent per share declaration after a 49.6 percent jump in profits, an investor argued yesterday.
Passion shrunk at Love Beach
Love Beach residents last night hailed the planning authorities for “hearing our voices” after they imposed restrictions that cut three storeys off a prominent Bahamian developer’s project.
Water Corp’s debt to main supplier up $7m
The Water & Sewerage Corporation is taking “about as much water” as its main BISX-listed supplier can produce even though its debts to the latter rose 41.5 percent during the 2023 third quarter.
Tanks didn’t need anything, said a WSC manager in Gibson case
A WATER and Sewerage Corporation employee testified in the Adrian Gibson corruption trial yesterday that water tanks were in “fairly” good condition in 2020 before $260k contracts were awarded for companies to paint them.
Gov’t eyes purchase of Freeport’s Bazaar
The Government is exploring the potential acquisition of Freeport’s derelict International Bazaar site as the location for its proposed African-Caribbean products marketplace.
ArawakX ‘good undeniable’ yet KC confident on full winding-up
ArawakX’s president says “nobody can deny the good” it achieved as Securities Commission attorneys hailed the appointment of provisional liquidators as vital to “protecting the capital markets”.
$250k paint contract examined in Gibson trial
COMPANIES contracted to paint Water and Sewerage Corporation water tanks were awarded over $250,000 per tank, a WSC employee testified on Friday as Long Island MP Adrian Gibson’s corruption trial continued.
CARIFTA water polo gold, bronze
Bahamas under-14 co-ed team bringing home the medals
With some highly- spirited performances, the Bahamas under-14 co-ed water polo team captured a gold and bronze medal at the CARIFTA Championships over the weekend in Miami, Florida.
NPBA regular season is back ‘with a bang’
THE New Providence Basketball Association (NPBA) regular season returned with a bang and so did the Commonwealth Bank Giants at the Kendal G L Isaacs Gymnasium on Saturday night.
Deflation in the East
ActivTrades
Everyone in The Bahamas is feeling the rising cost of goods, energy and transportation. No matter if you visit the food store, turn on your AC or fuel up your car, you are paying more for these necessities than compared to the previous year. But the inflation rate in the islands is decreasing, and went down from 3.1 percent to 2.3 percent when compared to last year.
Peter Nygard guilty of four sex assaults
Peter Nygard was found guilty of four counts of sexual assault in a Canadian court on Sunday but was acquitted of a fifth count plus a charge of forcible confinement.
DIANE PHILLIPS: Amazing success stories of Romer Street, Fox Hill
THERE’S a tree-lined street in the historic neighbourhood of Fox Hill that is much like many tree-lined streets in Nassau. Tall sapodilla trees with outstretched limbs nestle kids who climb them to pick the sweet, brown-skinned fruit. Youngsters who scramble up the tree know if they do not get to the season’s offerings first, the limbs will unburden themselves of the heavy load and once a dilly falls from high up it will splat on the ground, spilling the sticky filling and dark seeds.
Parking ‘satisfied’: Wynn penthouse project is go
The Town Planning Committee’s chairman yesterday confirmed it has approved Wynn Group’s 14-storey Goodman’s Bay penthouses after it “satisfied” long-standing parking concerns.
Lynes says she is ‘more than qualified’ to be chairman
PLP deputy chair Robyn Lynes says she is more than qualified for the position of party chairman despite the Prime Minister’s recent comments that he doesn’t support her candidacy for the role.
TOP EXEC’S DAUGHTER GOT WSC CONTRACT: New revelation about current chief emerges in Adrian Gibson trial
ADRIAN Gibson’s corruption trial began yesterday with Water and Sewerage Corporation (WSC) executive chairman Sylvanus Petty admitting under cross-examination that his daughter had a contract with the company.
Bahamas Water Polo team off to CARIFTA
WITH a chance to compete with some additional teams from the Florida area, the Bahamas will join three other teams from the Caribbean to participate in the 2023 Under-14 Co-Ed CARIFTA Water Polo Championships.
Water Corp ‘pursuing’ capital works finance
The Water and Sewerage Corporation plans to pursue loan and financing programmes to fund capital works throughout The Bahamas after completing its corporate business plan, it was revealed yesterday.
BOB rejects $33m ArawakX demand
The Securities Commission was yesterday accused of “callous disregard” for ArawakX’s interests by allegedly interfering with its demand for a $33m settlement from Bank of The Bahamas.
‘UP WAGE TO $350 - OR RISK STRIKES’: Unions agree to take vote as the call for minimum pay raise
A labour leader yesterday called for a further minimum wage hike to $350 per week by June 2024 as he revealed that multiple trade unions have agreed to each “take a strike vote”.
