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Adrian Gibson jury finalised as trial set to get under way

NINE jurors were selected yesterday to evaluate evidence from more than 40 witnesses in Adrian Gibson’s corruption trial.

CORPORATE TAX PLAN REVEALED: Govt favours proposal of 10-12 percent rate for most businesses

The Government is leaning towards reforms that will see most Bahamas-based businesses pay a "modest" corporate income tax of either 10 or 12 percent with the only exception being small firms earning less than $500,000 annually.

NAD returns to $322m debt terms compliance

The Nassau Development Company (NAD) no longer requires a government "commitment" or waiver from its lenders after returning to full compliance with conditions governing its outstanding $322.313m debt at end-September 2022.

Water Corp debt to main supplier grows to $16.6m

The Water & Sewerage Corporation's outstanding debts to its main BISX-listed reverse osmosis supplier increased slightly to $16.6m during the 2023 first quarter despite government pledges to eliminate this, it was revealed yesterday.

Bahamas branch of British Legion experiencing financial difficulties

THE Bahamas Branch of the British Legion is experiencing financial difficulties as it tries to cover its June distribution of money and goods.

Gov’t striving to re-open Lucayan’s Breaker’s Cay

The Government has taken a "show me the money" approach with potential Grand Lucayan buyers at it works to open another part of the resort complex to support increased airlift to Grand Bahama, it was revealed yesterday.

Nassau Nastics set to launch kids’ summer camp starting June 19

NASSAU Nastics will launch a summer camp for children from June 19 to August 25.

PETER YOUNG: Turkey’s identity at stake as the country faces a possible presidential run-off

TO many people, Turkey is something of an unknown quantity. But it is in the news at present because of last Sunday’s parliamentary and presidential elections. These are said to be the most pivotal polls in the nation’s history and President Recep Tayyip Erdogan’s toughest challenge since he first came to power in 2003.

Central Bank exceeded Govt lending limits at year-end '22

The Central Bank would have massively exceeded its legal lending limits to the Government had the latter's accessing of $232.3m in IMF special drawing rights (SDRs) been included in the 2022 year-end calculation.

GIBSON FAILS IN LEGAL CHALLENGE: Judge rules MP can have fair trial after rejecting arguments

A SUPREME Court judge dismissed Adrian Gibson’s application to stay his corruption trial yesterday, ruling his constitutional rights have not been infringed and that he can have a fair trial even if the Crown’s key witness gives testimony virtually.

‘WE JUST SHOT OURSELVES IN THE FOOT’: Men’s national beach soccer team goalie speaks on Bahamas’ 4th place finish

It’s not every day that an athlete makes a successful transition from one sport to the other.

PM calls for support for Bridgetown finance plan

PRIME Minister Philip “Brave” Davis said it is morally imperative that Caribbean and Latin American countries support the Bridgetown Initiative, a global climate finance plan.

FTX Bahamas charges US broke 'every single' pledge

FTX's Bahamian liquidators have accused their US adversaries of "breaching every single" co-operation pledge in just four short months as they urged the Supreme Court to "sort it out" with Delaware.

Fiscal year finish is ‘critical platform’ for 78% deficit cut

The Ministry of Finance's top official yesterday said the Government's financial performance over the next two months is "critical" to setting the foundation for a 2023-2024 fiscal year in which the deficit is forecast to be cut by 78 percent.

Promotion Board in 67% website visitor increase

The Nassau Paradise Island Promotion Board's (NPIPB) chief executive says there has been a 67 percent year-over-year jump in visitor traffic to its website as it works to convert this increase into actual visitors.

Investor forum puts Grand Bahama in the spotlight

THE eyes of the world are on The Bahamas when it comes to investment and conservation, a conference in Grand Bahama heard this week.

Gibson’s ex-fiancee’s virtual testimony ruling Monday

A SUPREME Court judge will rule on Monday whether Adrian Gibson’s ex-fiancee can testify virtually in his corruption trial.

Ayton injured, Suns eliminated in Game 6

PHOENIX (AP) — Nikola Jokic scored 32 points in another triple-double, Jamal Murray added 26 and the Denver Nuggets advanced to the Western Conference finals for the first time since 2020 by beating the short-handed Phoenix Suns 125-100 in Game 6 on Thursday night.

Illegal construction fight has been 'a rank failure'

The Bahamian Contractors Association's (BCA) president yesterday said builders are asking "why should we follow the law" following the country's "rank failure to manage the built environment".

Bahamas trade deficit up $325m at five-year high

The Bahamas' trade deficit expanded by $314.6m or 10.7 percent during 2022 to hit a five-year high of $3.254bn, it was reveled yesterday, as inflation and higher global oil prices caused import costs to soar.

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