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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.
ACTIVTRADES: Is a conflict between the USA and China inevitable?
Thucydides was one of the greatest Greek historians of the classical era. He wrote The History of the Peloponnesian War, an eight-volume treaty recounting the conflict between Athens and Sparta, in the 5th Century BC. Sparta, the dominating power at
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.
Falling mortgage arrears improve commercial loan position
COMMERCIAL bank loan arrears improved in February by $60.2m, with the most significant decline in mortgage arrears which, according to the Central Bank of the Bahamas, contracted by $39.2m.
Miller-Uibo, Gardiner win in Diamond League
Bahamian double sprint national record holders Shaunae Miller-Uibo and Steven Gardiner made their 2019 Diamond League Circuit debuts in grand style at the Herculis EBS in Monaco on Friday.
WORLD VIEW: The fight for a big bite of Apple’s taxes
Over the last few weeks, a trans-Atlantic war of words has been going on between the US Treasury and the European Union Commission (EC) over what amounts to ‘harmful tax competition’.
Nationals: Top junior golfers emerge
THE top junior golfers in the island nation emerged following the results of the Bahamas Golf Federation’s Junior Nationals.
Bahamians look to have strong sophomore seasons on court
BAHAMIAN players at the junior college level are looking to have strong sophomore seasons and position themselves for an opportunity to eventually transfer to an NCAA programme.
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.
Delroy making a name for himself with the Knights
SINCE joining the Niagara College Knights men’s basketball team, Delroy Grandison has been making a name for himself.
Buddy scores 20 as short-handed Cavs get 90-82 win over Pelicans
CLEVELAND (AP) — LeBron James scored 26 points and the short-handed Cleveland Cavaliers rallied for a 90-82 win over the New Orleans Pelicans last night.
Gordon leads Rockets over Warriors 98-94
HOUSTON (AP) — Eric Gordon came off the bench to score 24 points and his steal on Golden State’s last possession secured a 98-94 victory last night that gave the Houston Rockets a 3-2 lead in the Western Conference finals.
Women's Week events to conclude with march on Saturday
UNDER the theme ‘Press for Progress’, a week-long series of events marking Women’s Week and International Women’s Day will culminate in a march on Saturday. March organisers Equality Bahamas said this year’s events focused on bodily autonomy and cre
Kaleel Solomon and Titans suffer 84-58 loss in NJCAA finale
KALEEL Solomon and his Eastern Florida State Titans saw their cinderalla season end just short of the National Junior College Athletic Association national title.
Final stage of bidding for cellular licence begins
AFTER a five-month delay, the final phase of the selection process for the country’s second mobile services provider has begun, the Utilities Regulation and Competition Authority announced yesterday.
Four killed in plane crash
THE tragic death of two American couples in a plane crash ripped through the small community of Treasure Cay yesterday.
Are cruise ship sick heading here?
THE United States Coast Guard has told foreign-flagged cruise ships to be prepared to care for people with COVID-19 for an uncertain period of time at sea or seek help from countries in which they are registered.
NPBA: Giants rout Rebels 99-56, Eagles Nest nip the Pirates 88-87
THE Commonwealth Bank Giants continued their winning streak as they highlighted the New Providence Basketball Association’s doubleheader at the AF Adderley Gymnasium on Monday night. In the feature game, the Giants routed the Patmor Rebels 99-56 to
