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Benchmark denies 'material impact' via client's liquidation
BENCHMARK (Bahamas) yesterday said the Supreme Court-supervised liquidation of one of its key clients would “not have a material impact” on its financial position or “long-term development”, expressing confidence that it would achieve long-term business development goals.
Mingoes shot down by Rockets
THE University of The Bahamas Mingoes men’s basketball team lost to the Discount Distributors Rockets for the second time this season 88-81 Wednesday night at the CI Gibson Gymnasium.
Legal threat to $5m benchmark pref equity
Liquidators for an alleged multi-million dollar ‘Ponzi’ fraud are threatening legal action to force a BISX-listed company to unwind, and return, a $5 million investment that accounts for 100 per cent of its preference share capital.
Cool 96's Ed Fields signs off for the last time
AFTER TWO decades on air as one of the country’s best-known radio personalities, Ed Fields, known for his provocative remarks and wit, is set to sign off for the last time.
NPBA: Shockers get 92-79 win over Regulators
A BUSY night on the New Providence Basketball Association schedule featured several blowout wins for division contenders.
$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”.
New mobile player hits ‘record’ pace
The Bahamas’ second mobile operator yesterday boasted that it was moving at “record” pace to roll-out its network, having already built more than 90 per cent of its planned cellular towers in Grand Bahama.
$2bn current deficit not so problematic
The Bahamas’ annual $2 billion current account deficit is “not as fickle” as many outsiders think, a former finance minister yesterday pointing out that this was traditionally balanced by foreign capital inflows.
NPBA: Triple header rocks AF Adderley
THE calendar flipped to November and to a full six-game slate last weekend in the New Providence Basketball Association with triple headers on both Friday and Saturday night at AF Adderley Gymnasium.
Quincy Poitier to join Concord University Mountain Lions
ONE local basketball player will see his game make the transition to another level in the collegiate ranks this fall.
BISX-listed firm's CEO faces 'grilling' over alleged fraud
The chief executive of a BISX-listed company faces a grilling from liquidators investigating an alleged multinational fraud, who are seeking information on a series of multi-million dollar transactions involving his company.
Top pitchers and batting champions take the spotlight
SIGMA Wildcats’ infielder Jeanette Hilton and Sting Truckers’ outfielder Lamar Watkins are the New Providence Softball Association’s 2014 ladies and men’s batting champions respectively.
sports inbrief
BASKETBALL HUGH CAMPBELL TOURNEY THE 30th annual Hugh Campbell Basketball Tournament for senior boys, with 26 teams in the competition, is slated to begin at the Kendal Isaacs Gymnasium today. The RM Bailey Pacers are the defending champions. * Here's ho
sports inbrief
BASKETBALL HUGH CAMPBELL TOURNEY THE 30th annual Hugh Campbell Basketball Tournament for senior boys, with 26 teams in the competition, is slated to begin at the Kendal Isaacs Gymnasium today. The RM Bailey Pacers are the defending champions. * Here's ho
sports inbrief
BASKETBALL HUGH CAMPBELL TOURNEY THE 30th annual Hugh Campbell Basketball Tournament for senior boys, with 26 teams in the competition, is slated to begin at the Kendal Isaacs Gymnasium today. The RM Bailey Pacers are the defending champions. * Here's ho
Historic ceremony for RBDF boats
THE Royal Bahamas Defence Force held the largest commissioning ceremony in the service’s history on Friday at the John Alfred Wharf, bolstering its fleet with three new vessels and a 17-piece containerised mobile base as it upgrades its fleet to safeguard the Bahamas.
BEC saddled by $86m fuel debt
THE Bahamas Electricity Corporation (BEC) currently owes its major fuel supplier more than $86 million, its executive chairman revealed yesterday, adding that the monopoly energy supplier was paying Shell West excess of $18 million a month “just to keep going”.
Sandals ‘practically full’ by early November date
Sandals Royal Bahamian executives said yesterday that they expect the resort to be at “practically full” occupancy by early November, with the property set for a ‘soft opening’ today just over two months after undertaking $4 million worth of renovations.
Tourism in best physical condition for ‘20 years’
The Bahamian hotel industry is enjoying a “strong” summer season, the Bahamas Hotel and Tourism Association’s (BHTA) president yesterday suggesting the industry was preparing for perhaps its “best physical product in 20 years”.
Jonquel leads the way for Russian Foxes
Jonquel Jones continues to lead UMMC Ekaterinburg Foxes in the Russian Championship Premier League.
