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$4.1bn pension liability a ‘Titanic-sinking iceberg’
The Government’s unfunded public sector pension liabilities will hit $4.1 billion by 2032 without proper reform, a leading accounting firm yesterday describing this as “unsustainable” and akin to “the iceberg that sank the Titanic”.
Police hunt for wanted men
GRAND Bahama police are searching for two men who are wanted for questioning in connection with armed robbery, housebreaking and stealing incidents on the island.
Police bail extended for man accused of stealing $40,000
AN Eleuthera man accused of stealing more than $40,000 from his employer between 2009 and 2012, had his police bail extended in the magistrates court yesterday until he is formally arraigned in Eleuthera next week.
BEC general manager leaves role, becomes advisor
WITH PowerSecure now in full control of the operations of the Bahamas Electricity Corporation, sweeping changes have been implemented at the executive level with former BEC General Manager Kevin Basden now assuming a new role as consultant/advisor to Bahamas Power & Light (BPL), The Tribune understands.
IAN FERGUSON: We ignore region at our own peril
The Caribbean Hotel and Tourism Association (CHTA) and Caribbean Tourism Organisation have this week ‘come to our shores’. Ministers of Tourism and leading industry professionals are meeting over how to build capacity, and strengthen our individual nations and region as a whole.
Turnquest: Budget will not help average Bahamians
FNM Deputy Leader Peter Turnquest said the government’s hype over the tax reductions it will implement on select items for the upcoming fiscal year is misplaced.
Duty rate on cars cut, but ban on vehicles over ten years old
PRIME Minister Perry Christie said the revenue performance of value added tax (VAT) since its implementation in January has opened the door for several customs duty reductions and some tariff eliminations to ease the burden on Bahamians.
Rise in visitors by air, but a drop in cruise tourists
THERE has been a two per cent increase in the number of visitor air arrivals, but a one per cent “downturn” in the number of cruise ship passengers in the first quarter of 2016, Tourism Director General Joy Jibrilu said yesterday.
Chisholm Jr and Marlins celebrate latest historic double grand slam feat
BAHAMIAN Jasrado “Jazz” Chisholm Jr and the Miami Marlins celebrated his latest historic feat, being the team’s first player to notch grand slams in back-to-back games.
JONQUEL JONES, SUN STAY ALIVE: Connecticut routs Las Vegas 105-76
On a night where Jonquel Jones was awarded her fourth All-WNBA selection, her Connecticut Sun staved off elimination in game three of the WNBA Finals.
Second murder in two days
POLICE are investigating a second homicide in as many days after a man was shot dead yesterday morning off Hamster Road.
Start-up success still the exception, not the rule
STARTING out is tough in many different ways. I still remember my first days at high school, and my first week at work. I was nervous the day I decided to propose to my wife. Is natural conservatism the reason for this reticence, I wonder, or could there be more to it. Is nature trying to tell us something?
Countdown to Junkanoo begins as new season is launched
YOUTH, Sports, and Culture Minister Mario Bowleg officially launched the start of the 2022/23 Junkanoo season after a two-year hiatus due to the COVID-19 pandemic.
‘Tum Tum’ and Spartans rout Lions 78-51 in Big 10
Conference championship week continues throughout NCAA Division I basketball and several Bahamian players took part in tournaments with mixed results for their respective programmes.
WTO to impact 20% of economy
THE Government will forego $40m in revenue under its first World Trade Organisation (WTO) offer, its chief negotiator suggesting that accession will impact just 20 percent of the economy.Zhivargo Laing, pictured, a former minister of state for financ
Travel visa purchases ‘much higher’ for May
A Cabinet minister yesterday argued local COVID case numbers are the only obstacle to tourism’s revival as May’s health travel visa purchases were “substantially higher” than the prior month.
Man still missing despite 100-hour search by RBDF
THE Royal Bahamas Defence Force said it has spent 100 hours searching for a man missing at sea after he fell off a jet ski during a collision with a boat on July 11.
Former bank supervisor guilty
A FORMER bank supervisor yesterday admitted stealing over $35,000 from customer accounts to help pay her own bills.
Bahamian tech-based KYC provider gaining recognition
A FINANCIAL technology start-up created by Bahamian born E. Jay Saunders has been nominated for 4 A-Team 2017 RegTech (Regulatory Technology) awards for its enhanced due diligence cognitive search and crime prevention tool SafetyNet.ai (www.safetynet
'Extension of food distribution programme needed'
WITH more than 35,000 households nationwide registered under the National Food Distribution Task Force, its Chairman Susan Larson has said there is a need to extend the programme past month’s end.
