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Bahamian bank sued on $8.7m ‘total loss’
Investors are suing a Bahamian bank and trust company over the “total loss” of their collective $8.7 million investment, while also alleging that it misled the Securities Commission.
Port profits rise on expenses $1m below forecasts
Arawak Port Development Company (APD) cut budgeted expenses by more than $1 million to produce a 3.5 per cent profit increase for its 2014 financial year, offsetting the failure to hit revenue and cargo throughput targets.
MARKETING REVOLUTION: Establishing your company's domain
Most people understand that a ‘Domain Name’ is simply the basic web address of a website, but few actually grasp how domain names work.
Bahamas lacks 'social maturity' to accept Investor Citizenship
A Cabinet Minister believes the Bahamas lacks the “social maturity” to accept an Investor Citizen programme that would aim to attract the world’s wealthiest individuals to this nation and supply a major economic boost.
FOURTH QUARTER PRESS: The greatest guard of all time? Only one answer - Allen Iverson
Ask any guard at any level of the game today which player inspired their tenacity and effort.
Bahamas urged: ‘Resist’ new global tax pressure
A former Bahamas Financial Services Board (BFSB) chairman yesterday urged the Government to resist “disingenuous” international pressure, after this nation was accused of single-handedly undermining the global “war on tax dodgers”.
RoyalFidelity targeting 15% client asset growth
RoyalFidelity Merchant Bank & Trust is targeting 15-20 per cent growth in client assets under management for 2016, with its president admitting yesterday that last year’s profits will be “hard to match”.
$250m resort developer: We want to be with ‘best of best’
The developer behind Grand Bahama’s $250m Six Senses project yesterday said he wants it to be viewed “at the top level of resort development in the world” with a construction start targeted for early 2024.
Four GSSSA soccer champions crowned
CR Walker Lady Knights senior girls victorious
Following a three-year hiatus, soccer finally returned to the field for the Government Secondary Schools Sports Association (GSSSA) this year.
‘Road map’ for 5G plan amid Starlink pushback
Regulators have pledged “to develop a road map” for deploying 5G (fifth generation) technology in The Bahamas amid continuing concerns from the two incumbent operators about the arrival of Elon Musk’s Starlink.
Crowd-funder: From $4m to $200m in 14 months
The Bahamas’ first-ever crowd-funding platform purportedly increased in value from just $4.38m to an astonishing $201.75m in just 14 months, it was alleged yesterday, despite accounts revealing a $2.659m “deficit” at end-July 2022.
Moody’s backs trimmed 3% Bahamas growth projection
Moody’s yesterday backed forecasts of lower 3 percent economic growth for The Bahamas in 2023 as it noted the Government’s multi-billion refinancing plan almost totally depends on loans and guarantees from multilateral lenders.
Health insurance costs rise ‘across the board’
Bahamian companies and individuals are facing “across the board” increases in health insurance premiums as a result of up-to double digit increases in medical and reinsurance costs, it was revealed yesterday.
Just two diseases cost taxpayer $35m
Just two diseases consume more than one out of every six dollars in the Government’s annual health budget, it was revealed yesterday, with its public clinics facing an “extraordinary requirement for improvement”.
BPL’s $90m Shell debt ‘higher’ than predicted
Bahamas Power & Light’s (BPL) $90m in unpaid fuel arrears owed to Shell is “substantially higher” than the Opposition and others had predicted, it was revealed yesterday.
Long Island cruise port build-out to hit $500m
The developer behind the planned Long Island cruise port has committed to employing a workforce that is a minimum 80 percent Bahamian for a project where the total investment could exceed $500m.
Smaller stores ‘lead way’ on price control response
Small, inner-city and Family Island food stores were yesterday said to be “leading the way” as the industry works “feverishly” to supply the Government with an alternative to the massive price control expansion by this Friday.
‘Future generations and youth let down’ over NIB
The National Insurance Board (NIB) must be given more independence from government, a pension specialist urged yesterday, adding: “Successive administrations have let the youth and successor generations down.”
USA dominate as International Tennis Clubs Doubles Week gets underway
THE International Tennis Clubs Doubles Week, featuring veteran retired tennis players from around the world, got underway yesterday at the Nassau Lawn Tennis Club with the United States showing their dominance in the two matches they played.
DIANE PHILLIPS: Corporate tax will be the next test, though we already pay more in VAT and Customs duties
Forty-nine is behind us, the flag-waving, parades, retreats, the beer, barbeques and day at the beach are memories.