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Bahamian companies wait two years for $1m fraud recovery pay

Bahamian companies battling to recover assets lost in a $400 million financial fraud are experiencing “financial stress” themselves because they have not been paid almost-$1 million due for two years’ work.

Renewable provider hails resort’s new solar system

A renewable energy provider yesterday said the system installed at a major Family Island resort will cut its emissions by 95 percent through slashing diesel fuel consumption.

Tropical Storm Jerry update

Tropical Storm Jerry is about 715 miles (1,150 kilometres) east of the Leeward Islands and moving west-northwest at 15 mph (nearly 25 kph).

Giants take 1-0 leads in NPBA best-of-7 series

THE New Providence Basketball Association got its best-of-seven championship series started on Wednesday night at the AF Adderley Gymnasium with the Giants winning the double header.

NPBA: High Flyers and rockets in win column

THE New Providence Basketball Association continued its regular season action over the weekend with a series of games played at the AF Adderley Gymnasium. Here’s a summary of the games played: Flyers 84, Shockers 69 Dale Davis pumped in a double-do

Surplus banking liquidity at $1.6bn

Excess liquidity in the Bahamian commercial banking system increased by $271.3 million in the year to end-July 2016, with the new $1.586 billion high illustrating the continuing difficulties in finding suitable borrowers.

‘Challenge to survive’ even on $260 minimum wage

DESPITE the government raising the country’s minimum wage to $260, some yesterday argued that the challenge to survive remains.

‘Don’t blame the victims, blame the men who rape them’

A WOMEN’S rights advocate wants society to stop placing the blame on young vulnerable girls being lured out of their homes and becoming victims of statutory rape and hold the men responsible accountable for their actions.

Bahamas $750m bond missed global standard

The government last night said it “recognised the merits” of reform after the IMF revealed The Bahamas’ last US$750m sovereign bond issue did not meet evolving global standards.

Holowesko victorious

YOUNG Bahamian riders Ella Holowesko, Siena Holowesko, and Tamsin Nottage travelled to Saugerties, New York, with their trainer Mrs Erika Adderley-Coello of Mariposa Stables, to compete at the Marshall & Sterling Insurance League 2016 National Finals this past weekend.

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.

Low vaccination rates spark fears over polio

HEALTH officials are alarmed by declining vaccination among children and fear the country is at risk of reintroducing polio and other deadly diseases.

Quarterly VAT filers: 75% compliance target

A Value-Added Tax (VAT) Task Force co-chair yesterday expressed hope that “at least 75 per cent” of quarterly filers would achieve first time compliance, as it targets “a level playing field” among all taxpayers.