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Cybots stop Regulators 93-83 to take 1-0 lead
The Mail Boat Cybots survived a tough battle with Mr Ship It Freight Regulators to secure a 93-83 victory for a 1-0 lead in the New Providence Basketball Association men’s division one championship series.
Cabinet ministers deny claims of Baha Mar conflicts of interest
TWO Cabinet ministers who served as government negotiators on the Baha Mar remobilisation deal yesterday dismissed tabloid accusations of abuse of power and conflict of interest as election season smear tactics.
Gov't to ensure minority investors make BOB Board
The Government yesterday pledged to ensure minority investors are represented on Bank of the Bahamas’ Board, as it urgently explores options for a multi-million dollar recapitalisation of the troubled institution.K P Turnquest, the Minister of Financ
Fourth Quarter Press: Cavaliers - Warriors 3 - another classic in prospect
WINTER is finally here. Yes, I am a huge ‘Game of Thrones’ fan and it provides the perfect context for this year’s NBA playoffs and championship scenarios. I’m not going to bore you with the details here, but to say the least, this year’s playoffs
Grim present but bright potential for our capital market
Our Bahamas International Securities Exchange (BISX) has sent me a press release about the courtesy call they and closely linked Bahamas Central Securities Depositary (BCSD) paid on the Minister of Finance. These two organizations form the structura
BAB: 'Offensive' to learn of NIB rejection via media
BAB Holdings’ principal yesterday said the company found it “offensive” to learn that the National Insurance Board (NIB) had decided not to participate in its $10 million private placement issue via the media, rather than informing it directly.
NIB executives urged to sue
FORMER National Insurance Board chairman Patrick Ward yesterday advised executives to seek legal redress after their management bonuses were revealed to the public.
Lewis launches campaign for BAAA presidency
Former two-time Olympic sprinter turned architect Iram Lewis has officially launched his campaign for the presidency of the Bahamas Association of Athletic Associations. And, in the process, he has gained the support of businessman Harrison Petty.
National Insurance fund must be protected
THE SEEMINGLY cavalier attitude of this government towards the urgent need to cut costs rather than to add to the deficit by creating more jobs for “the boys”, has left even foreigners concerned for the future of this country.
‘Devastating effect’ from 28% credit card withholding
The Bahamas Chamber of Commerce and Employers Confederation’s (BCCEC) chairman yesterday warned that new US laws implementing a potential ‘28 per cent withholding tax’ on credit card transactions could have a “devastating impact” on the private sector, as one business told Tribune Business it had seen some $20,000 in payments held back.
Scotia chief: No bad loan rebound until ‘early 2015’
Scotiabank (Bahamas) managing director yesterday predicted the commercial banking sector would not see a “sustainable recovery” in its $1.2 billion non-performing loans pile until early 2015, with his own institution’s retail/personal credit arrears rate running around 20 per cent.
Collapsed entity’s $5m holding in BISX firm
Questions were last night being raised over the future viability of a BISX-listed company, after court documents disclosed that an entity accused of perpetrating a major multinational fraud held all its $5 million preference share capital.
BEC 'stability' fears delay renewable energy
By NEIL HARTNELL
CIBC Trust fights $113m fraudster
By NEIL HARTNELL
Letter: PM should accept FOCOL plan
Executive Chairman of the Bahamas Electricity Corporation (BEC) Leslie Miller and the Progressive Liberal Party (PLP) government are both determined to follow through with their pledge to offer a 10 per cent discount in their light bills to BEC customers in the not-too-distant future
VAT 'uncertainty' puts bank hires, projects on hold
A top banker has warned that the uncertainty created by the proposed Value-Added Tax (VAT), and other government initiatives facing the sector, has caused institutions to place new hires and capital expansion projects on hold.
'Vest' $71m dormant funds in Treasury
The $71 million in dormant accounts currently held by the Central Bank should instead be “vested” in the Public Treasury, a leading accountant said yesterday, thus aiding a government desperately needing every cent of revenue it can get.
$10m for Medical Centre expansion
Dr Conville Brown has been trying to raise $10 million from Bahamian investors to expand his Centreville-based The Medical Pavilion Bahamas, Tribune Business can reveal, with stem cell and surgical therapies included in the plans.
Port expects $43m offer 'gobbled up'
The Arawak Port Development Company (APD) believes its upcoming $43 million private placement will be 100 per cent “gobbled up” by investors, telling Tribune Business yesterday it was seeking the “optimal” low cost solution.
Bahamas passes biggest test yet
IN their biggest test in the International Cricket Council’s Tournament of the Americas Division II competition, the Bahamas survived with a 14 run victory over Argentina to highlight day one action at Haynes Oval.
