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Broker principal targets expansion after court win

A Bahamian broker/dealer’s principal yesterday said he plans to double staff to 60-80 persons by year-end, after a New Jersey court dismissed the US government’s securities fraud case against him.

Moody's: Tourism, domestic demand woe make Budget too 'optimistic'

A Wall Street rating agency yesterday effectively warned the Christie administration its Budget sums were unlikely to add up, with the tourism industry - down 18 per cent from its pre-recession visitor spending peak - set to lag the overall economic recovery.

Oceania fury: DPM rejects reduced tax from 80% value fall

Property owners at the controversy-torn Oceania Heights development are furious that they will have to pay Stamp Duty based on their initial purchase price, despite values having fallen by up to 80 per cent.

Buddy Hield sinks a career-high 46

Bahamian Buddy Hield had a career night on Monday but it wasn’t enough as the No.2 ranked Oklahoma Sooners fell victim to top-ranked Kansas Jayhawks 109-106 in triple overtime as they had their perfect winning season snapped at the Allen Fieldhouse in Lawrence, Kansas.

Three Bahamians get set for Major League Baseball action

Major League Baseball’s opening week of the 2022 season has arrived and three Bahamians are expected to be in action with their respective clubs.

Bahamian pro basketball players in Euro spotlight

BAHAMIAN pro basketball players across various leagues in Europe produced season highs in early season play for their new clubs.

Dealers chief’s 80% auto import slash

A leading dealer says he reduced new auto imports by 80 per cent during 2015’s fourth quarter, in a bid to align them with a market that has shrunk by more than one-third.

Scotiabank: $80m mortgages restructured in 18 months

Scotiabank (Bahamas) yesterday disclosed it had managed to restructure more than $80 million worth of mortgages, held by over 500 customers, within the last 18 months, telling Tribune Business just 5-6 per cent of that number had fallen back into delinquency.

Memories early opening gamble 'now paying off'

A senior tourism official yesterday said Grand Bahama’s Memories resort is forecasting an 80 per cent average annual occupancy rate, arguing that the gamble to open the property before it was 100 per cent complete was paying off.

McCartney: ‘I’m still trying to get more linebacker reps and go after that spot’

NOW one of the veteran leaders on the defending Grey Cup champion Calgary Stampeders, special-teams ace Bahamian Karl McCartney reflected on his time with the club thus far and his plans for the immediate future.

Christie defends Joaquin response

PRIME Minister Perry Christie yesterday revealed a staggering assessment outlining the damage Hurricane Joaquin brought to the southern Bahamas last week, as he defended government officials’ handling of the storm from strong criticism.

Health broker elimination is ‘totally crazy’

The Bahamas Insurance Brokers Association’s (BIBA) president yesterday branded plans by the Government’s National Health Insurance (NHI) scheme to eliminate them, and their value-added role, as “totally, totally crazy”.

‘New BEC’s’ solar Out Island focus

The Bahamas Electricity Corporation’s (BEC) new manager yesterday promised that solar energy would be integrated into its generation solutions, with the Family Islands likely to prove especially fertile ground.

Advisers acknowledge ‘scepticism’ over NHI

The Government is hoping to enroll 65 per cent of Bahamians in the National Health Insurance (NHI) scheme by April 2016, although its main advisers acknowledged the “scepticism” surrounding any commercial venture run by the public sector.

Jaraun ‘Keino’ Burrows: ‘I had a good season in Sweden’

HE would have loved to have stayed around and played a little longer in the playoffs, but Jaraun ‘Keino’ Burrows was satisfied with the season that he experienced this year in the Swedish Professional Basketball League.

Mid-Year Budget mum on $1.5bn ‘titanic iceberg’

A top accounting firm yesterday said the Government’s mid-year Budget statement had effectively ignored the growing $1.5 billion public sector pension fund deficit, despite projections showing it will hit “unsustainable” levels within less than 10 years.

Knicks rally to beat Buddy Hield and Pacers for 7th straight victory

INDIANAPOLIS (AP) — Jalen Brunson scored 30 points, Julius Randle made six free throws in the final minute and the New York Knicks beat the Indiana Pacers 109-106 yesterday for their NBA-best seventh consecutive victory. The 19th and final lead change came in the final minute, when Randle made two foul shots with 45.6 seconds remaining for a 105-104 lead. After the teams exchanged turnovers, Randle hit four more free throws in the final two possessions. The Pacers missed a shot from just inside half-court at the buzzer. Buddy Hield and Aaron Nesmith each had 23 points for Indiana. Tyrese Haliburton and Bennedict Haliburton each added 15.

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