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Commercial banks to acquire 80 per cent of restoration bond

Some 80 per cent or $120 million of the Government’s Hurricane Restoration Bond will be raised from the commercial banks, the Government yesterday confirming the offering’s multi-tiered nature.

Potcakes rescue mission

AROUND 80 dogs from the Bahamas Humane Society will take part in a “Wings of Rescue” flight to the United States this morning as a part of a plan to reduce the population in the overcrowded shelter.

PM at groundbreaking for marina village in Andros

PRIME Minister and Minister of Finance Perry Christie congratulated his friend of many years, Prescott Smith and his business partner Geneva Wilson on the groundbreaking for Blue Hole Marina Village & Andros Island Fuels in Fresh Creek, Andros this week.

Men’s national basketball team players take spotlight

POSTSEASON basketball continues for several Bahamian senior men’s national team players in their respective leagues throughout Europe and South America.

Cable targeting 42% mobile market share

Cable Bahamas believes mobile penetration could increase by up to 33 percentage points when it finally breaks the Bahamas Telecommunications Company’s (BTC) long-standing monopoly, as it slammed the “inherent dissatisfaction” with the latter’s services.

Benchmark 'guarantees' subsidiary's solvency

A BISX-listed company has upgraded support for its main broker/dealer subsidiary to a guarantee that will ensure it remains financially solvent until end-April 2015, in a bid to assuage the Securities Commission’s ongoing concerns.

Carnival ‘spruce up’ for 50% passenger growth

A senior Carnival executive yesterday said the cruise giant plans to “spruce up” Princess Cay, adding that the Eleuthera-based private island needs “quite a bit of love”.

Commonwealth Bank Giants stay alive

THE Commonwealth Bank Giants, the best team in the regular season, refused to exit the New Providence Basketball Association men’s best-of-seven championship series without putting up a fight.

BISX listee in talks to settle SEC litigation

A BISX-listed company’s principal yesterday said there was “quite fertile ground” to reach an out-of-court settlement with US federal regulator’s over its subsidiary’s alleged involvement in a $400 million financial fraud.

MAKING HISTORY: 80-member team named for the CARIFTA Games

The Bahamas Association of Athletic Associations (BAAA) announced an historic 80 member 2023 CARIFTA team Tuesday at the Thomas A. Robinson National Stadium.

2022 mixed for Out Island resort targets

FAMILY Island resorts experienced a mixed 2022 in terms of hitting their collective targets as they closed in on a return to pre-COVID business volumes, a top tourism official has confirmed.

Delroy making a name for himself with the Knights

SINCE joining the Niagara College Knights men’s basketball team, Delroy Grandison has been making a name for himself.

Super Value sees 80% business rise through Matthew

Super Value’s owner yesterday said he had seen an estimated 80 per cent spike in business over the weekend, as Bahamians stocked up on food and water ahead of Hurricane Matthew.

US tells BISX-listed firm: We can get you

Federal regulators have effectively accused a BISX-listed company’s principal, and its broker/dealer affiliate, of hypocrisy over their claims that US law “cannot touch” their allegedly “egregious acts” in relation to a $400 million fraud.

A COMIC'S VIEW: Christie’s double speak leaves us all none the wiser

There’s an old Bahamian saying that goes “He talking out two mouths”.

Benchmark: ‘We’ve turned the corner’

A BISX-listed company yesterday expressed optimism it has “turned the corner”, its principal adding that its settlement with US federal regulators did “not stipulate” the instant redemption of its $5 million preference share capital.

Rockets and Resistance get wins in night league basketball

THE New Providence Basketball Association continued league play Wednesday night with wins for the Rockets in Division I and the Resistance in Division II. On the heels of his appearance with the men’s national team in the FIBA World Cup Qualifiers Mo

Bahamian golfer Thomas Bethel disqualified

DAY three of the 57th Annual Caribbean Amateur Golf Championship Tournament was a disappointing outing for Team Bahamas, highlighted by the disqualification of one team member.

$5.5bn refinery: 80% of jobs for Bahamians

THE developer behind the proposed $5.5 billion oil storage terminal and refinery for Grand Bahama yesterday pledged that 80 per cent of jobs will go to Bahamians. Peter Krieger, Oban Energies’ non-executive chairman, speaking at the signing of a Memo

Provider offers $500-$600m waste to energy plant

A Bahamas-based renewable provider is offering to build and operate an estimated $500-$600 million plasma waste-to-energy plant at the New Providence landfill, creating 400-500 full-time jobs, in the process.

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