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Tobacco start-up targets up to $10m first year sales

A Bahamian-owned tobacco manufacturing start-up yesterday said it was targeting $5-$10 million in first year gross sales, but warned this and employee hires could be “significantly impacted” if no Excise Tax exemption was forthcoming.

Election turnout was historic low

AT least 65 percent of registered voters voted last week in what was likely the lowest general election turnout in the modern history of The Bahamas.

FRONT PORCH: Prepare now for the next deadly wave

THE next COVID-19 surge is coming. Though it is not certain when the next wave will strike New Providence and Grand Bahama, or how severe it will be, another surge is certain. The country should begin preparing for the upcoming wave, now.

Broker ‘acted in good faith’ on $400m fraud

A BISX-listed company’s principal, and its main broker/dealer subsidiary, are demanding that a US federal lawsuit against them be dismissed because they “acted in good faith and did not receive ill-gotten profits” from an alleged $400 million financial fraud.

BISX-listed firm’s $5m ‘recapitalise’ after SEC settles

A BISX-listed company will have to undergo a $5 million ‘recapitalisation’ as a result of the deal struck by its principal and main subsidiary to settle a lawsuit against them by US federal regulators.

Rockets beat Caribs as Cybots take down Marines

THE New Providence Amateur Basketball Association resumed play Monday night at the DW Davis Gymnasium following the holiday season.

Whylly, Goodman & Hurricanes win ACAA title

A PERFECT regular season continued with a perfect run through the playoffs for the Holland College Hurricanes as their Bahamian pipeline led the way to their seventh consecutive Atlantic Collegiate Athletic Association men’s basketball title.

BEC breaches $100m bond issue conditions

The Bahamas Electricity Corporation (BEC) breached the financial terms of its existing plan $100 million bond issue, forcing it to seek a four-year waiver from investors.

BICA chief: Govt faces 20% revenue shortfall

The Bahamas Institute of Chartered Accountants (BICA) president yesterday warned the government could miss its full-year revenue target by “as much as 20 percent” based on current data.

Bain still setting the pace at Lumberjacks

Months after he garnered the attention of the college basketball world and brought awareness to The Bahamas’ post Dorian restoration efforts with his late game heroics, Nathan Bain continues to be a leading playmaker for the Stephen F Austin Lumberja

Chelsea gets 6-1 Premier League win over Queens Park Rangers

LONDON (AP) -- Fernando Torres got his first hat trick in more than two years on Sunday to lead Chelsea to a 6-1 English Premier League win over Queens Park Rangers. Tottenham returned to fourth place with a 2-0 win over Blackburn, moving ahead of Newcastl

‘Buddymania’ rocks gym

THE inaugural Buddy Hield Invitational produced one of the best endings event organisers could ask for, a near capacity crowd and a thrilling finish on the court.

On deck and close to the action at the Battle of Jutland

101 years ago this weekend, Lt Robert Tatton Bower, of the Royal Navy, wrote a letter to his father, giving a first hand account of the largest World War 1 naval battle from aboard HMS Inconstant. Lt Bower’s descendants have Bahamian connections: his son Paul, came to the islands and was Publisher of The Nassau Guardian while his grandsons, Nigel and Bobby, are known business figures in Nassau.

Bahamians being kept in dark about government’s NHI plans

IN his budget address in the House of Assembly on May 27 this year, Prime Minister Christie announced that his government planned to introduce its National Health Insurance plan on January 1, 2016.

Project to unlock handicraft sector being squandered

An award-winning electronic platform intended to unlock $6 million in annual sales for Bahamian indigenous “treasure” is in danger of being squandered, its key architect has warned.

‘Full steam ahead’ on $30m project relaunch

Construction on a ‘relaunched’ $30 million Cable Beach development is “moving full steam ahead”, its principal disclosing that 150 workers will be employed at the project’s peak.

Stung, tired and in hospital - but swimmer sets world record

ULTRA-marathon Australian swimmer Chloe McCardel carved her name into the history books early yesterday by swimming almost 80 miles unassisted from the southern tip of Eleuthera to New Providence – but spent the day in hospital as a result of severe jellyfish stings.

The Tribune

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