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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.
Ole Miss Rebels set for trip to Bahamas
After coming off a 10-point loss in their last game, coach Yolett McPhee-McCuin hopes to get her Ole Miss Lady Rebels back on track tonight before they make their return trek to The Bahamas for another Thanksgiving tournament.
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”.
Up to $100m targeted in Abaco ports investment
The Government is eyeing a combined $100m investment to transform Abaco’s two commercial shipping ports into facilities that meet global best practices and standards.
$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.
‘This war is against Hamas’
Why is there a war in Israel right now? What are they fighting for and why is it so different from things that happened there in the past?
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.
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.
Romer defends criticism that Bahamians are not benefitting from increase in cruise visitors
DESPITE recent criticism that Bahamians are not benefitting from this year’s increase in cruise ship passenger arrivals, Dr Kenneth Romer, deputy director general of the Bahamas Ministry of Tourism and Aviation, said yesterday this is not what he has seen.
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.
Sam Bankman-Fried ‘wants to be heard’ in FTX Bahamas wind-up
FTX’s founder says he “wishes to be heard” at today’s Supreme Court hearing on the winding-up petition intended to place the crypto exchange’s Bahamian subsidiary into full liquidation.
Gov’t denies BPL $5 late fee plans
The Government yesterday said it has “no intention of allowing Bahamas Power & Light” to impose an extra $5 charge on late-paying consumers and further burden struggling households.
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.
