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Failed broker paid 'excessive' cash to related parties
A Bahamian investment adviser collapsed into insolvency due to “mismanagement” centred on internal conflicts and the payment of “excessive cash” to related parties for client introductions. Ed Rahming, Pacifico Global’s liquidator, told the Supreme
Georgette Rolle eyes Brazil after tournament exit
Georgette Rolle shot 85 in Round 2 ending her chance to compete for the winning title in the Pure Silk-Bahamas LPGA Classic at the Ocean Club Golf Course, on Friday.
Presbyterian College beat UB Mingoes in thriller
Kemsy Sylvestre lead the UB Mingoes with 25 points and 10 rebounds in their 85-76 loss to Presbyterian College Tuesday at The Kendal Issacs Gym in Summer of Thunder action.
SBC's work on mending racial fences commendable
With a membership of approximately 15 million -- 85 percent being Caucasian -- the largest Protestant denomination in the US, the Southern Baptist Convention (SBC), has a checkered past in race relations, which had spanned well over a century since its formation in the mid-nineteenth century.
YESI partners with Gambier Primary to kick off soccer programme
Youth Empowerment through Sports International (YESI) has embarked on a new initiative with a local primary school, as it continues its mandate of using the game of soccer to impact the community at large.
UB knock off the Legends 104-91, Cybots blast Rockets
THE University of the Bahamas and the Mail Boat Cybots both won big as the New Providence Basketball Association continued its regular season at the AF Adderley Gymnasium on Monday night.
Exchange rate was 'never in jeopardy'
The Bahamas’ $838 million foreign currency reserves “are in line” with both their internationally-recognised adequacy benchmarks, the Central Bank of the Bahamas governor yesterday saying the one:one US dollar peg was “never in jeopardy” over the past decade.
Baha Mar interest like ‘beauty parade’
A Bahamian QC yesterday likened buyer interest in the $3.5 billion Baha Mar property to “a beauty parade”, while its former developer was left distinctly unimpressed by the latest winding-up petition adjournment.
Donations pour in to Save our South
“THE Furniture Plus warehouse was empty last night, and look at it now. It’s filled to capacity for tomorrow for thousands of pounds of supplies to be flown out to those in such dire need.”
Bahamas urged to adopt corporate ‘rescue culture’
The Bahamas needs to begin moving towards a “rescue culture” and create Chapter 11 -style legislation that will allow companies to restructure rather than go into receivership or liquidation, a senior Bahamian accountant argued yesterday.
Sports Notes
THE most valuable players (MVP) in City Bowling League competition last night was a red hot Kevin B Williams of Genuine Knights who mowed down the pins for a 270 second high game and a gigantic 708 three game set.
Children are our future
Thank you for your support, as it relates to building a better and stronger Bahamas, knowing that your newspaper’s letters column does play a vital role in the development of The Bahamas and the way forward. Again thank you for your space.
Portraits draw the crowds to ‘Sports Legends Walk’
ONE of the highlights of last week’s naming ceremony of Mychal Thompson Boulevard was the unveiling of 28 specially commissioned portraits by Jamaal Rolle of Bahamian sporting stars adorning the “Sports Legends Walk” at the Queen Elizabeth Sports Centre.
Prayer walk for Baha Mar
As social ills and other challenges continue to put a strain on the country, the Trinity City of Praise and the Commonwealth and Global Prayer Grotto are aiming to keep the faith through prayer.
Baha Mar liquidators: We won’t submit to Delaware
Baha Mar’s provisional liquidators have warned the Delaware Bankruptcy Court that they will not submit to its jurisdiction, and that they will challenge the “jurisdiction” of its decisions and Orders over them if necessary.
Bank not obligated to provide further Baha Mar finance
Baha Mar’s $2.45 billion lender yesterday said the developer had contractually committed to financing any cost overruns on the project, and it was not obligated to provide further money.
Brackets are released for 2015 Battle 4 Atlantis
THE brackets have been released for the 2015 Battle 4 Atlantis, giving us insight to the first round matchups as teams prepare for the eagerly anticipated fall classic at the Atlantis resort on Paradise Island November 25-27.
Chamber says wage hike ‘was the best option’
CHIEF Executive of the Bahamas Chamber of Commerce and Employers Confederation Edison Sumner yesterday dismissed concerns raised by some private sector employers over the recent minimum wage increase, saying that the approved $210 rate was the “best option on the table”.
Wilchcombe calls for unity in build-up to Carnival
TOURISM Minister Obie Wilchcombe yesterday called for FNM Leader Dr Hubert Minnis to “know what his role is” and said the Killarney MP should “find ways to unite” and not “divide” Bahamians over Junkanoo Carnival.
Council’s concerns on Carnival to be considered, says minister
TOURISM Minister Obie Wilchcombe said yesterday the Bahamas Junkanoo Carnival Commission will take the Christian Council’s recent concerns regarding the upcoming festival “into consideration” but stressed that celebration will encourage “Bahamianism” and not “sins of the flesh.”
