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Gov’t to create $15m SPV intermediary for egg plan
THE Government will create an off-balance sheet special purpose vehicle (SPV) to facilitate the $15m project designed to drive The Bahamas to 100 percent self-sufficiency in egg production.
THE KDK REPORT: Savour every moment spent with the ones you love
WE OFTEN learn life’s lessons, whether consciously or subconsciously, through our own experiences or by learning from what others have taught us but the lessons that resonate most deeply typically come from individual trials.
New Budget outlay finances 350 jobs
A newly-introduced $5.8m Budget outlay is financing the temporary employment of 350 persons who have largely been jobless since Hurricane Dorian struck three-and-a-half years ago, it was asserted last night.
FIBA: Team Bahamas falls to Panama 88-66
THE Bahamas men’s national basketball team wrapped up its final two games in the FIBA Americas World Cup Qualifier with another loss. The team, coached by Moses Johnson, John Nutt and James ‘Jimmy’ Clarke, suffered a 88-66 decision against Panama yesterday. The loss came after the Bahamas was handed a 117- 70 rout against Venezuela on Thursday in Caracas.
12,000 on food assistance to receive ten percent boost
SOCIAL Services Minister Obie Wilchcombe said the number of people receiving food assistance has grown by 1,000 since October, climbing to roughly 12,000 monthly, however those receiving help will get an increase of more than 10 percent beginning next week.
QC Class of 1985 remember Frankie Simmons
IN memory of their deceased classmate Frankie Simmons, the class of 1985 of Queen’s College made a cheque presentation to the Freedom Farm Green Parrots to assist in their travel to the Perfect Game Tournament in Sandford, Florida.
FRONT PORCH: Reading and research key to integrity in journalism
GOOD journalism and well-crafted commentary play a critical role in public policy and political debates. They enliven and enlighten national dialogue.
Former FNM candidate facing legal strike-off
A former FNM election candidate, already ruled a bankrupt, now faces being disbarred from the legal profession over a $192,870 Rum Cay land deal that was plagued by claims of fraud and forgery.
Fidelity ready to ‘put money behind’ bad mortgage cure
Fidelity Bank (Bahamas) stands ready to "put money behind" a properly structured investment vehicle that could cure this nation's housing and distressed mortgage woes, its top executive said yesterday.
Certainty and issue of immigration
I have often spoken about the concept of “certainty” and why it is important to the success of any endeavour.
Cotton Bay revival targeting $12m yearly wage, tax boost
REPRESENTATIVES of the developer behind the Cotton Bay Club’s $200m revival have forecast that the project will generate an annual $12m economic impact in wages and taxes alone when fully operational.
Rumour has it
ActivTrades
The ups and downs in the international markets continued last week. Robust economic data fuelled concerns about interest rates but, at the same time, consumer activity remained strong. This created a dilemma for many investors.
Alcohol, drugs and gambling
In Jesus put all your trust, all your belief, and all your heart.
Three granted $60k bail on cocaine charges
TWO men and a woman were granted $60,000 bail in court yesterday after being accused of smuggling $1,000,000 worth of cocaine into the country through Bimini last weekend.
Hotel union eyes industrial agreement ‘red letter day’
The hotel union’s president yesterday said it will be a “red letter day” for its several thousand members when their now ten-year wait for a new industrial agreement with the main employer body is ended.
NIB staring at $95m loss as pension deficit builds
A Cabinet minister yesterday warned the National Insurance Board (NIB) will lose $95m this year unless contribution rates are raised with the pensions branch alone incurring a monthly $4m deficit.
NIB fund on course to lose $95m this year
MYLES LaRoda, minister of state with responsibility for the National Insurance Board (NIB), warned that if there is no raise in the contribution rate this year the National Insurance fund will lose $95m.
Mitchell: Haiti to be a main topic during CARICOM
FOREIGN Affairs Minister Fred Mitchell said yesterday that Haiti is one of the main issues that will be addressed at CARICOM, noting the country’s political and security challenges.
CI Gibson Rattlers in the win column
While his CI Gibson Rattlers senior girls had to dig down deep to hold onto a three-point win over the RM Bailey Pacers, coach Kevin ‘KJ’ Johnson had his Rattlers’ senior boys clinching on all cylinders from start to finish in their 30-point rout over the CR Walker Knights.
90 kilos of suspected cocaine seized in Bimini
Bahamian law enforcement officials seized over 90 kilos of suspected cocaine – worth $1m – onboard a vessel at the Cat Cay Marina in Bimini on Sunday.
