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Broker's liquidators seek $1.5m asset release delay

The liquidators for an insolvent Bahamian broker/dealer are rushing to obtain a Supreme Court Order to prevent the release of Cdn$1.516 million to six of its former clients.

Pharmachem confirms Freeport job losses

PHARMACHEM Technologies has confirmed over 30 full-time workers and direct contractors were laid off at its facility in Freeport, but said the company will continue to inject over $20 million annually into the economy. In a statement issued yesterda

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‘We must reform campaign finance’

FORMER State Minister for Legal Affairs Damian Gomez said allegations about the relationship between Canadian fashion mogul Peter Nygard and the Progressive Liberal Party are “not a good thing for the country,” adding that he hopes it spurs legislative reforms like the passing of campaign finance laws.

Sarkis’s letter shows breakthrough on Baha Mar ‘not imminent’

Sarkis Izmirlian’s letter to his former 2,026 Baha Mar staff shows there is no “imminent” breakthrough likely in the impasse over the $3.5 billion project, a senior private sector executive believes.

Baha Mar appoints ‘restructuring’ chief

Baha Mar yesterday pushed forward with its Chapter 11 plans by seeking US court permission to appoint a ‘chief restructuring officer; while Bahamian attorneys spent a second day attempting to thrash out the powers its joint provisional liquidators will possess.

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$315m lost in Baha Mar tax

IT is estimated that the government has lost $315m in tax revenue from the beleaguered Baha Mar resort due its opening delays and the court appointed receivership process, according to an economic impact report of the $3.5 billion property obtained by The Tribune.

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Accountant opposed by own creditors committee

An accountant is facing opposition from his own liquidation committee as he bids to obtain over $1m in compensation for efforts to wind-up a collapsed Bahamian broker/dealer.

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We’re ready to take a hit on sale price

THE government has given itself a little over a month to close bids for the sale of the Grand Lucayan, according to Hotel Corporation chairman Michael Scott.

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US warnings ‘threaten core of our existence’

The Bahamas “must do everything in our power” to combat US crime advisories, the Chamber of Commerce’s chief executive warning yesterday: “It threatens the very core of our existence”.

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Jones and Sun fall short, Mystics take WNBA title

In a WNBA Finals series where no team won consecutive games, Jonquel Jones and the Connecticut Sun came up just short in their bid to make franchise history. Jones finished with 25 points and nine rebounds, but the Sun fell to the Washington Mystics

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Ayton, Coleby share similar homecoming experiences

THE Bad Boy Mowers 2017 Battle 4 Atlantis featured its traditional field of elite NCAA Division I programmes but it also served as homecoming experiences for DeAndre Ayton and Dwight Coleby.

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Stingers and Giants remain undefeated in the NPBA

BOTH the PJ Stingers and the Commonwealth Bank Giants remained undefeated in the New Providence Basketball Association after pulling off the double header victories on Saturday night.At the AF Adderley Gymnasium in the men’s division one play, the St

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Plea agreements bring high rate of convictions

THE Director of Public Prosecutions Office secured a high conviction rate of 85 percent in 2021 while its use of plea agreements recovered after COVID-19 caused disruption in 2020, according to Director of Public Prosecutions Garvin Gaskin.

Thunder take down turnover-prone Heat

By JEFF LATZKE AP Sports Writer OKLAHOMA CITY (AP) -- Kevin Durant had 28 points, nine rebounds and tied his season-high with eight assists, Kendrick Perkins added a season-best 16 points and the Oklahoma City Thunder opened a difficult stretch in their s

Thunder take down turnover-prone Heat

By JEFF LATZKE AP Sports Writer OKLAHOMA CITY (AP) -- Kevin Durant had 28 points, nine rebounds and tied his season-high with eight assists, Kendrick Perkins added a season-best 16 points and the Oklahoma City Thunder opened a difficult stretch in their s

Tourist shoppers: VAT refund to fall to 85%

Visiting duty-free shoppers will be refunded 85 per cent of their Value-Added Tax (VAT) payments from July 1 this year, when the Government’s private sector contractor takes over management of the process.

Sports in brief

THE fourth annual Georgette Rolle Junior Golf Camp is slated to get underway 9am to 2pm today in the Golf Driving Range at the Baillou Hills Sporting Complex.

'Making a mockery' of gaming industry

THE Gaming Bill 2014 “makes a mockery” of international regulatory standards because it allows the minister responsible to override a key test for industry ownership, the DNA’s leader believes.

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Sky get 101-95 double OT win over the Sun

UNCASVILLE, Conn. (AP) — Courtney Vandersloot had the second triple-double in WNBA playoff history with 12 points, a league playoff-record 18 assists and 10 rebounds to help the Chicago Sky beat the Connecticut Sun 101-95 in two overtimes last night in the opener of their best-of-five semifinal series.

Trevon Grant looks to emerge as a leader for Axemen

HEADED into his senior season, Trevon Grant looks to emerge as a leader for the Acadia Axemen basketball programme.Through six preseason contests thus far, Grant has averaged 12 points and 5.8 rebounds per game to lead the Axemen to a 4-2 record in e