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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.

S&P’s higher deficits on VAT ‘uncertainties’

Standard & Poor’s (S&P) has agreed that there are “indeed uncertainties” surrounding Value-Added Tax (VAT) implementation, and is less optimistic than the Government in projecting a 3 per cent fiscal deficit for 2015-2016.

Pirates stun Cleaners for first win, Legends shock Real Deal 101-88

EVERYBODY Wins Legends got into the festive mood by putting together their best game of their inaugural year and the Pirates, also making their debut this year, finally got into the winner’s circle as the New Providence Basketball Association closed out the first half of its 2015/16 regular season at the AF Adderley Gymnasium on Friday night.

Man charged with murder of retired Canadian physician

A MAN made his initial court appearance yesterday in connection with the fatal stabbing of a retired 88-year-old Canadian physician on a Family Island.

Bahamas First shareholders support board on resolutions

Bahamas First yesterday said shareholders had agreed to board of directors’ recommendations for all proposed resolutions during last week’s annual general meeting (AGM).Shareholders representing 32.2m shares, some 88 percent of those that have been i

$60m farm project aiming to ‘make agriculture sexy’

Bahamian investors will get details on how they can invest in a $60m hydroponic farming project by early March, its principals saying yesterday: “We want to make agriculture sexy again.”

CARIFTA: Triathletes in tie for 5th

The Bahamas’ 20-member team to this year’s CARIFTA Triathlon and Aquathlon returned home from Kingston, Jamaica, with four medals and a tied fifth-place finish with Aruba.The team, coached by brothers Dorian and Cameron Roach, got a silver medal from

Man arrested in connection with sexual assault of 82-year-old woman

POLICE arrested a 50-year-old man yesterday in connection with the sexual assault of an 82-year-old woman.

Port suffers 40% May volume fall

Nassau’s main commercial shipping port yesterday predicted it will suffer a “flat” 2020 full year after container import volumes for May to-date dropped by around 40 percent compared to the prior year.Dion Bethell, Arawak Port Development Company’s (

Bahamas to know if 'oil rich' within 6 weeks, says BPC

Bahamas Petroleum Company (BPC) yesterday hailed a Supreme Court verdict that likely removes all obstacles to completion of its first exploratory oil well within the scheduled 45-60 day timeframe.

Customer loyalty needs more focus than adding sales

Customer loyalty is vital to the growth and longevity of any business. What is more, about 82 percent of companies agree it is cheaper to retain old customers than acquire new ones.

Briefly

By RENALDO DORSETT

Renaldo's ramblings: Happy Madden 13 holiday!

AS you’re reading this, the level of productivity for males between the ages of 15 and 45 across the globe has decreased dramatically.

Meditation - Three-way love

Within the family, we soon discover that there are different ways to love different people. For example, the love for parents, siblings, spouse and children are not the same. This may be taken a step further to ponder how the love for each parent, ea

Tourism demand up over 50% in vital US markets

The Bahamas’ key visitor source markets are “all up double digits” on tourism demand, it was revealed yesterday, with New York and Florida ahead by 56 percent and 40 percent respectively.

Melia can ‘barely’ sustain operations

The Melia Nassau Beach Resort can “barely” generate enough cash flow to finance its own operations - an admission that was yesterday seized upon by Baha Mar’s contractor.

‘IF YOU WANT WAR, YOU’LL GET WAR’: Furious Speaker shuts down Parliament over government’s inaction on COVID outbreak

HOUSE Speaker Halson Moultrie accused the government of disrespecting Parliament by ignoring and refusing to implement his COVID-19 preventative measures, leading him to abruptly adjourn yesterday’s sitting until May 3.

Tennis players get in swing at the Pan Am Games

THE 19th Pan American Games continued yesterday in Santiago, Chile, which saw more Bahamians begin competition in tennis and swimming.

'Job cuts show a Bahamas divided'

WITH Independence just passed, one woman who claims to have been unceremoniously “terminated” from her job at an Urban Renewal Centre, said the country is “divided”.

New location drives 80% of December sales rise for AID

A major Bahamian retailer yesterday revealed that its newly-opened Blue Hill Road and Coconut Grove store was responsible for 80 percent of the December sales increase seen in Nassau.

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