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BDB’s funding ‘drought’ end with $30m recapitalisation
The Bahamas Development Bank’s (BDB) near two-decade funding “drought” will end through a $30m recapitalisation from the Africa Export-Import Bank.
Sebas e-commerce platform launches courier services
The e-commerce provider owned by Sebas Bastian and his partners has confirmed its expansion into freight forwarding services via a sales tax-free US address.
DEREK SMITH: How to combat threats to corporate reputation
One of the most significant threats to a company’s long-term viability is reputation risk. This is often referred to as the risk stemming from negative public perceptions. The consequences of a tarnished reputation can be severe and lasting, regardless of how well a company performs in other risk management areas.
The price of life
ActivTrades
Who wants to live for ever? And how long will I live? If you want to know this, you should have your telomeres examined. These are the sequences at the end of the chromosomes. And the longer the telomeres are, the longer the lifespan. For this discovery, Elizabeth Blackburn, Carol W. Greider and Jack Szostak received the Nobel Prize in Medicine in 2009.
Clubs & Societies: September 29, 2023
On Monday, September 8, the Kiwanis Club of Over-The-Hill continued its annual scholarship donation of $2,000 to BTVI’s scholarship fund. Initially, our focus was the Old Bight High School graduates and active Key Club members on Cat Island. We have since opened the scholarship to any eligible Family Island High School graduates.
Wynn agrees to ‘quashing’ first penthouse approvals
The developer of a 14-storey Goodman’s Bay penthouse complex has restarted its bid for planning permission after agreeing that the initial approvals granted to the project should be “quashed”.
Corporate income tax for Bahamas ‘mammoth task’
A leading Bermuda accountant yesterday warned The Bahamas that implementing a corporate income tax regime is a “mammoth task” that should not be underestimated.
Bahamas Dragon Boat Festival this weekend
As the fastest growing sport in the Bahamas, Dr Christine Chin said she’s confident that the second annual Bahamas Dragon Boat Festival will encourage more Bahamians to get involved.
Sports notes
THE first annual Wesley Ruben Rolle Doubles Invitational will be held from Friday to Sunday in the Racquet Club at Baha Mar.
BJ Murray and Smokies win championship title
THIRD baseman BJ Murray celebrated his second straight Minor League baseball title, this time with his Tennessee Smokies after they captured the Double-A Southern League championship title on Tuesday night.
Abaco resort eyes ‘break even’ 5% rate increase
The Bahamas Out Island Promotion Board’s president yesterday said his hotel will likely have to increase rates by “another 5 percent” in 2024 to break even with fellow hoteliers revealing that soaring light bills “are just killing us”.
‘TOURISTS TOLD TO STAY AWAY’ . . . but cruise denies passengers advised to avoid Port Lucaya
CARNIVAL Cruise Line has denied discouraging its passengers from visiting the Port Lucaya Marketplace in Freeport after vendors alleged the cruise ship is steering guests away from the area because of safety concerns.
‘Golden Girl’ Pauline presents book to Dame Marguerite Pindling
AS they reflect on their humble beginnings as one “barefoot girl” to another, Golden Girl Pauline Davis presented her award winning book “Running Sideways” to former Governor General Dame Marguerite Pindling. Davis, 57, presented the book to Pindling, 91, during a courtesy call at the wife of the first Prime Minister of the Commonwealth of the Bahamas, Sir Lynden Pindling, at her home on Skyline Drive on Tuesday.
British Colonial receives 400 manager applicants
Some 400 persons yesterday applied for managerial posts at the re-opening British Colonial with the property targeting a workforce that is 95 percent Bahamian.
ALICIA WALLACE: Government ‘unserious’ on gender policy progress
THE national gender policy has been on the shelf for years. It was first drafted more than a decade ago, and last updated in 2018.
Bahamians were more interested in ‘socialising’ than digital training
Bahamians were initially more interested in socialising than learning new technology-related skills deemed vital to prospering in the 21st century’s digital-driven economy, a report has revealed.
BPL ‘stranglehold’: Business battles up to 100% bill rises
Soaring Bahamas Power & Light (BPL) bills were yesterday said to be imposing “a stranglehold” on commerce with multiple businesses struggling to survive up to 100 percent year-over-year increases in their energy costs.
Dame Marguerite Pindling says ‘Wilchcombe was in a class all by himself’
FORMER Governor General Dame Marguerite Pindling said she will forever be indebted to former Minister of Social Services, Information and Broadcasting Obediah Hercules Wilchcombe, who died on Monday.
NYGARD SEX CRIME COURT CASE BEGINS: Bahamians among the alleged victims of sexual assaults
THE sex crimes trial of Peter Nygard - a former long-time resident of Lyford Cay - began in Canada yesterday, two years after prosecutors in North America began accusing him of brazen attacks in multiple countries across several decades.
‘Obie’ Wilchcombe was a sportsman
Before he got his feet wet in politics, Burkett Turnquest said he was able to persuade former Minister of Social Services Obediah Hercules Wilchcombe to become the president of the Commonwealth American Football League in 1990-1991.