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British billionaire and Albany developer Joe Lewis pleads guilty in insider trading case

British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur soccer club, pleaded guilty Wednesday to insider trading and conspiracy charges in New York, saying he knew that sharing nonpublic information about publicly traded companies was wrong and that his crimes have left him "so embarrassed."

‘Absolute frenzy’ on VAT over tax portal struggles

BUSINESSES endured “an absolute frenzy” to meet Monday’s VAT payment deadline due to continued “growing pains” with the Department of Inland Revenue’s tax portal, it was revealed yesterday.

Controversial $1.3m propane plant agrees approval ‘quash'

A BID to develop a $1.3m “state-of-the-art” propane gas plant off Tonique Williams Highway was yesterday withdrawn before residents could seek to overturn the initial planning approvals it obtained.

Gov't 'on target' for 60-day contract unveiling by March

The Government's top procurement official yesterday predicted that it will be "on target" to disclose all contract awards within 60 days - as required by law - come March 2024.

Attorney loses challenge to overturn disbarment

A Bahamian attorney yesterday lost his challenge to the process that saw him disbarred over real estate transactions where he twice represented both parties in deals for the same property.

Balmoral condo hotel appeals may be joined

The planning authorities will decide on February 15 whether to combine two appeals over the Balmoral Club's plans to develop a condo hotel into one hearing.

Gathered to remember and to pray

THE soaring murder rate is triggering grief-stricken relatives of people killed over the years by gun violence, dozens of whom gathered yesterday to mark Families of Murder Victims Day with prayer, songs and tears.

Garvin Clarke named Player of Week again

For the second time this year as he makes his transition from the University of Akron to the Indiana University of Pennsylvania, Garvin Clarke has been named the Pennsylvania State Athletic Conference (PSAC) West Athlete of the Week.

Minister: National stadium ‘repairs are going quite well’

CONCERNS have mounted as repairs continue at the Thomas A Robinson National Stadium and Betty Kelly- Kenning Aquatic Centre about whether the renovations of both venues will be completed in time for the 2024 CARIFTA Aquatics Championships and World Athletics Relays in March and May respectively.

BPSU, treat members better

I write regarding the poor operations of The Bahamas Public Service Union. Where are the premiums and dues going? Why does one have to wait for eight months for a medical claim and more than three months for a death benefit?

Approval delays cost ex-Olympic swimmer

Planning authorities yesterday informed a former Olympic swimmer that there are no legal restrictions that can block the proposed expansion of his Rose Island beach day excursion.

Bahamas losing boating ground to the Caribbean

A former Association of Bahamas Marinas (AB) president yesterday warned Caribbean rivals are gaining a competitive advantage over The Bahamas with "new and innovative" legislation.

Charter Yacht Show to feature 60% more boats

The Bahamas Charter Yacht Show is this week returning for its second-year from January 25 to 28.

Resort revenue growth relies on 5-7% room rate increases

THE BAHAMAS is relying on a 5-7 percent increase in room rates (ADRs) to drive resort revenue growth in 2024 due to limited opportunities to expand occupancies, a senior hotelier has revealed.

Developer eyes second price rise after hitting $15m in sales

A SOUTH-west New Providence development yesterday revealed it will increase prices for the second time “in a few weeks” after earning $15m from selling 35 percent of its available lots within five months.

Providers back competition rules move ‘with open arms’

THE move by utilities regulators to consolidate competition supervision with an increased focus on ‘after the fact’ investigations has been welcomed “with open arms” by operators.

Water Corp couldn’t ‘bolt all doors’ on union chief

THE Water & Sewerage Corporation could not be expected to “bolt all doors” to keep out a former union president who disobeyed orders to go on vacation by continuing to work, the Court of Appeal has ruled.

‘Huge blow’ if no Stella Maris purchaser found

LONG Island’s chief councillor yesterday said the island will suffer a “huge blow” if a buyer cannot be found for the Stella Maris resort.

Gov’t yet to decide over Abaco ports

A CABINET minister yesterday said the Government has yet to make a final decision on the two proposals it received to operate and manage North Abaco’s port.

'Very confusing' boat fees needing urgent resolution

Bahamian maritime operators yesterday warned the Government "urgently needs to resolve" the fall-out from the "very confusing" suspension of 1,000 percent and greater hikes in boat registration fees.

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