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Bahamas' $1.5bn FDI tops small states
The Bahamas’ led all small island developing states (SIDS) by attracting $1.533 billion in foreign direct investment (FDI) inflows in 2011, a UN body’s report has revealed, although a senior private sector official said this nation “needs a bit more” to turn its economy around.
'Major concern' over BISX listed firm's $5m prefs
The $5 million investment in a BISX-listed firm’s preference shares “is of considerable concern” to the liquidators of its largest client, who have warned that the deal will receive their “continued attention”.
$358m penalty for fraud with Bahamas 'alter ego'
A US judge has imposed a $358 million fine on the perpetrators of an alleged multinational fraud that he found employed a BISX-listed firm’s subsidiary as its “alter ego”.
'Severely hampered' over legal action against Alliance
Liquidators for an alleged multi-million dollar Ponzi scheme have been “severely hampered” by a lack of financing in their efforts to recover a $5 million investment, and pursue legal action, against a BISX-listed company’s main affiliate.
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.
Six deaths confirmed in two days
FOUR more deaths were recorded on Thursday - following two confirmed on Wednesday in the latest date from the Ministry of Health.
Sports notes
THE Amateur Boxing Federation of the Bahamas has selected its national team that will represent the Bahamas at the Presidential Cup Boxing Tournament that will be held in Santiago, Dominican Republic. The event will run from February 18-22.
'Great experience' for Georgette Rolle
THE pressure of carrying the Bahamas’ representation on her shoulders was a little too much for Georgette Rolle to handle at the second annual Pure Silk Bahamas LPGA Golf Classic at the Ocean Golf Course on Paradise Island over the weekend.
Bank chief warns VAT to increase prices 10%
A top bank executive yesterday estimated that the planned Value-Added Tax (VAT) would increase Bahamian consumer prices by around 10 per cent, with this and higher Business Licence fees increasing his institution’s operating expenses by an annual $2.5 million.
Rockets v Shockers tonight
THE Pyramid Food Rockets and the Real Deal Shockers are scheduled to square off tonight to determine who will go on to play in the Vince Ferguson divisional final in the New Providence Basketball Association.
Jasrado gets first start in the majors
One night after his Major League Baseball debut, Jasrado “Jazz” Chisholm got the first big league start of his young career for the Miami Marlins.
Bahamian players in NCAA football action
THE NCAA football season kicked off at universities across the United States and several Bahamian players were in action in week one.
YOUR SAY: Empty promises and disastrous ideas
FOR too long, I have sat on the sidelines hoping that honest politicians, pastors, lawyers or other leaders of our country would speak up concerning the disastrous trajectory our country continues to spiral on.
Gov’t confident Power Secure to ‘make major difference’ for BEC
The Government is confident Power Secure International will “make a big difference” at the Bahamas Electricity Corporation (BEC), after finally informing the latter’s staff yesterday that the search for a management partner has ended.
STATESIDE: Blurred lines of a conflict where there's no easy exit
WE’VE returned in this space several times over the past four months to the question of the inevitability of US and Western involvement in a shooting war with Russia over its invasion of Ukraine. Even as most major American media focus once again on ex-President Donald Trump, the January 6 committee hearings into his casual incitement of a shocking and fatal riot, and the chances of someone else taking control of the Republican Party before 2024, experts and scholars are quietly wondering aloud if America isn’t already at war with Russia and what it could mean for the short-term future of the world.
Hornets’ Kai Jones takes part in Elite Skills Camp
KAI Jones, the latest Bahamian to play in the National Basketball Association, took time out during a short break at home to participate in the 9th annual Denykco Bowles Elite Skills Basketball Camp.
New NAD fees hailed as ‘lot less onerous’
The private aviation industry yesterday hailed the Nassau Development Company’s (NAD) alterations to the new fees imposed on it as “a lot less onerous” compared to what was originally proposed.
THE KDK REPORT: What lies beneath
THERE was a time growing up in Nassau, and perhaps many places, when finding out someone had cancer was so rare that it was considered shocking. The island gossip mills churned for weeks on end with callous disregard and absolute bewilderment by the mere occurrence and in some cases friends of the newly diagnosed quietly shied away out of fear that it might be contagious.
‘Incredibly difficult’ for middle class to ever purchase home
Middle class Bahamians will find it “incredibly difficult to ever get a home”, developers and realtors warned yesterday, with financing and other hurdles constantly being raised that “little bit higher”.
GSSSA sudden death playoffs heat up
THE Government Secondary Schools Sports Association (GSSSA) basketball sudden death playoffs are heating up at the Kendal GL Isaacs Gymnasium with action set to continue on the court on Thursday.
