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‘Wary’ over deficit rise, $76m spend increase
Bahamians should be “wary” but not alarmed after the Government yesterday revealed a modest $11.4m increase to its forecast 2022-2023 fiscal deficit along with a similar-sized capital spending cut-back.
FTX investors target Bahamas bank in suit
A Bahamian bank and its chairman yesterday pledged to “vigorously defend” themselves against a class action lawsuit’s accusations that they helped “perpetuate” an $8bn fraud by FTX’s founder.
Atlantis primed for 'take-off to greater heights'
KERZNER International's completed $2.5 billion debt restructuring will pave the way to "a new take-off to even much greater heights" for its former Paradise Island properties, the minister of tourism and aviation believes, with the Government having all the Bahamian employment and tourism economy safeguards it wanted.
Chief Justice is ‘satisfied’ ArawakX $2.4m insolvent
The Chief Justice yesterday ruled “there is more than sufficient evidence” of ArawakX’s $2.4m insolvency to justify appointing a provisional liquidator to take control of its affairs and protect assets.
Success and the single mother
Balancing a career and raising a family alone is challenging but achievable. Jeffarah Gibson hears the encouraging story of one female entrepreneur whose hard work has paid rich dividends . . .
LETTER TO THE BUSINESS EDITOR: Why Wal-Mart’s big box does not fit the Bahamas
Kindly allow me space to reply to Richard Coulson’s February 25 letter to the editor, and to the public at large, with further insight on why Wal-Mart or a similar company entering the Bahamian market is not a good thing for the country.
DIANE PHILLIPS: Three cheers for the Commodore and his crews
There is a lot that many of you out there know about me. I’m the other side of middle age and stuck with too much energy for my own good. I say what’s on my mind. I have had a lifelong love affair with words and secretly confess that I spend ridiculous amounts of time thinking stupid thoughts like which is a better example of a double-middle-consonant verb that sounds like what it means, hobble or cobble. When you say the word hobble you immediately think of someone bent over, struggling for the next step. But when you say cobble as in cobbling a… anyway, you get the picture.
BOB in legal battle with Central Bank
Bank of the Bahamas (BOB) is seeking Supreme Court protection from the Central Bank, with the regulator demanding an “immediate” $50 million increase in loan loss provisions and legal action against “politically exposed” bad borrowers.
Deficit overshoots DPM’s final prediction by $105m
The Government’s 2017-2018 fiscal deficit overshot the deputy prime minister’s year-end forecast by $105m due to a late spending “ramp up”, a top official admitted yesterday.
'Full transparency' urged on North Andros projects
The North Andros Chamber of Commerce’s president is calling for “full transparency” over the three investment projects targeting the area while warning residents against “rushing to judgment” over their merits. Darin Bethell, in a statement sent to
Taylor’s creditors left high and dry
Kelly's Home Centre leads the Bahamian unsecured creditors who will receive nothing of the debts owed to them by Taylor Industries, its liquidator has revealed.
Leno's 'new mission': $3bn assets by 2024
An “ambitious” Bahamian financial provider sees its “new mission” as tripling assets under management to $3bn within the three years to 2024 via a mixture of local and international expansion. Sean Longley, the Leno Group of Companies’ founder, yest
400k Dorian funds lawsuit
GINA Knowles, a co-founder of the HeadKnowles Foundation, has sued her former partner Lia Head-Rigby and her husband, accusing them of using GoFundMe funds for personal use while violating a mandate to send all the donations to The Bahamas.
FDI fear on latest S&P downgrade
An economist last night warned that investors will likely seek greater tax breaks and concessions as a result of The Bahamas' latest sovereign credit downgrade.
STATESIDE: Scariness and imperfections of democracy
IN the weeks and months prior to and since the American general elections five weeks ago, ‘democracy’ may have been uttered more often as at any time in recent US history. Every commentator seems to invoke the term, with widely varying applications depending on the point being made. What is democracy, anyway?
PETER YOUNG: Extremists have stolen the BLM banner and could end up giving Trump a lifeline
Watching on Thursday evening last week the concluding proceedings in the grounds of the White House of the four-day Republican National Convention, the hour was late and bedtime called.
Dive 'institution' closed over $9m court award
A 55 year-old Bahamian diving "institution" has been forced to permanently close its doors with the loss of 15 full-time jobs after a $9m judgment was enforced against it over a customer's drowning. Matthew Whiteland, owner of Bahama Divers, which w
Bahamas 'done everything possible' to avoid blacklist
THE Deputy Prime Minister believes the Bahamas has “done everything we could possibly do” to escape the European Union (EU) ‘tax haven’ blacklist that will be issued tomorrow.K P Turnquest told Tribune Business that the Minnis administration “has no
INSIGHT: Bahamas’ power solution is a must for radical change
Up the hill and right back down again—that’s the story of Bahamian electric power during the five wasted, and expensive, years of PLP Government. Dr. Minnis’ new administration is now back at square one, with a clean slate for creating a brand-new energy policy, a crucial task he must soon address if he is to retain credibility.
‘How many more must’ die’ before we reform?
A marine group yesterday said its plan to overhaul watercraft regulation will save lives, generate millions for the government and deter crime, its president asking: “How many more have to die?”
