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100 farmers hit through tobacco grow 'scrapping'
Up to 100 farmers could be impacted by a Bahamian cigarette manufacturer’s decision to “scrap” its Andros tobacco growing plan, its chairman telling Tribune Business that conventional agriculture will also take a hit.
Pirates tie the game with buzzer-beater against visiting VMI team to force overtime
But Virginia Military Institute opts not to play the extra period due to slippery floor at the Kendal Isaacs Gymnasium
STEPHAN Smith canned a buzzer-beating three-pointer for the Pirates to tie their game at 98-98 against the visiting Virginia Military Institute to force overtime last night.
Gov’t crackdown on 20-25% uninsured motorists is urged
The Government was yesterday urged to crack down on the 20-25 per cent of Bahamian motorists who are uninsured, given the increasing frequency of traffic accidents where victims have no compensation recourse.
Executives evaluate site of beach soccer facility
FIFA, Beach Soccer Worldwide and Bahamas Football Association executives conducted a site visit this week to evaluate the Bahamas’ progress toward major beach soccer events.
Undefeated Hurricanes power on with Whylly
The Holland College Hurricanes are No 1 ranked team in the Canadian Collegiate Athletic Association the poll powered by Roosevelt Whylly who continues to be one of the league’s most dominant players.
'Major concern' over BISX listed firm's $5m prefs
The $5 million investment in a BISX-listed firm’s preference shares “is of considerable concern” to the liquidators of its largest client, who have warned that the deal will receive their “continued attention”.
$358m penalty for fraud with Bahamas 'alter ego'
A US judge has imposed a $358 million fine on the perpetrators of an alleged multinational fraud that he found employed a BISX-listed firm’s subsidiary as its “alter ego”.
'Severely hampered' over legal action against Alliance
Liquidators for an alleged multi-million dollar Ponzi scheme have been “severely hampered” by a lack of financing in their efforts to recover a $5 million investment, and pursue legal action, against a BISX-listed company’s main affiliate.
Commission forces Benchmark into broker 'guarantee'
BISX-listed Benchmark (Bahamas) has been forced to “guarantee” its broker/dealer subsidiary will meet all financial obligations for “at least 12 months”, after regulators expressed concern over whether it was a ‘going concern’.
Avengers even series with police, Cybots take 2-0 lead vs Challengers
THE Bahamas Government Departmental Basketball Association continued its semi-final playoffs at the AF Adderley Gymnasium on Monday night.
BISX listee's principal seeks SEC suit dismissal
A BISX-listed company’s principal, and its broker/dealer affiliate, are demanding that a federal regulator’s lawsuit against them be dismissed because the US courts have “no jurisdiction”.
'Risk' broker may not return investor funds
There is a “legitimate risk” that a BISX-listed broker/dealer may not return funds caught up in a $340 million Ponzi scheme to their rightful owners, court documents obtained by Tribune Business have alleged.
UPDATED: Tornado at airport damages plane, cars
A TORNADO at the Lynden Pindling International Airport early yesterday morning caused significant damage to a Bahamasair plane and minor damage to several cars at a nearby car rental agency.
Dames, Lightbourne to join Panthers prep programme
THE BC Christian Prep Panthers basketball programme is establishing itself as a pipeline for Bahamian talent and will add another pair of local student-athletes.
BVI court criticises Bahamas liquidators
The Bahamian liquidators for an alleged multi-million dollar international fraud have been blasted by a British Virgin Islands (BVI) judge over a “remarkable” and “gratuitous” agreement with a BISX-listed broker/dealer.
Don’t gamble away the legal profession
Do you consider yourself a gambler? Opening the Bahamian legal system to foreign law firms is just that: A gamble. There is only a small chance (20 per cent, give or take) that opening the legal system to foreign law firms will drastically increase offshore financial services bsiness for the Bahamas.
Police Farce: Audit exposes RBPF
RESEARCHERS who conducted a manpower audit of the Royal Bahamas Police Force flayed last year’s promotional exercise in their report while revealing the top-heavy Force needs 791 more constables to be more effective.
Tobacco start-up targets up to $10m first year sales
A Bahamian-owned tobacco manufacturing start-up yesterday said it was targeting $5-$10 million in first year gross sales, but warned this and employee hires could be “significantly impacted” if no Excise Tax exemption was forthcoming.
Broker ‘acted in good faith’ on $400m fraud
A BISX-listed company’s principal, and its main broker/dealer subsidiary, are demanding that a US federal lawsuit against them be dismissed because they “acted in good faith and did not receive ill-gotten profits” from an alleged $400 million financial fraud.
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.
