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Bahamas broker 'pliant' in claimed investment fraud
The broker/dealer subsidiary of a BISX-listed company has been described by US regulators as “the pliant custodian” for an investment group accused of perpetrating an $140 million fraud, one investor alleging that it also failed to respond to its asset verification requests.
Gov't joins BPC in opposing oil Judicial Review
Environmental activists yesterday accused the Government of "jumping the gun" after it filed legal papers opposing their bid to halt oil exploration in Bahamian waters.
2015/2016 BUDGET: Deficit slashed by two thirds
In his 2015/2016 Budget communication on Wednesday, Prime Minister Perry Christie told the House of Assembly that the Bahamas' budget deficit has been slashed by nearly two thirds.
Bamboo Shack takes 2-0 lead
THE Bamboo Shack Cybots took a 2-0 lead in the Bahamas Government Departmental Basketball Association’s championship series after winning the first two games over the Police Crimestoppers at the DW Davis Gymnasium over the weekend.
Marijuana field found off Thomson Boulevard
THREE people – a Bahamian man and a Jamaican man and woman – are assisting police after an illegal marijuana field was found on a property on Portago Road off Thompson Boulevard Friday.
NPBA Playoffs, NPWBA title games called off
THE New Providence Basketball Association’s men’s division I and II playoffs at the AF Adderley Gymnasium has been postponed until further notice. The case is the same for the New Providence Women’s Basketball Association’s best-of-five championship
Demolition begins at Port Lucaya resort ahead of development
DEMOLITION of the Port Lucaya Resort started yesterday, clearing the way for a major real estate development.
SYSTEM EXPECTED TO STRENGTHEN AS IT REACHES THE BAHAMAS
By RASHAD ROLLE
Teenage boy accused of attacking cop
A 16-YEAR-OLD boy appeared in court yesterday on charges of assaulting a police officer.
Wilson 'back as BUT president'
Unofficial results of the BUT general election last night revealed that incumbent president Belinda Wilson has been reelected as president of the union for the third time.
Tank says judges' unanimous decision 'ridiculous'
SHERMAN ‘The Tank’ Williams said he threw enough “conch punches,” but was highly disappointed in the judges, calling it “ridiculous” after he suffered an unanimous 10-round decision to hometown favourite Joseph Parker at The Trusts Stadium in Auckland, New Zealand, on Thursday night.
Briland: Cruise tourism ‘disaster waiting to happen’
More than 99.4 percent of existing and potential Harbour Island visitors have made it “crystal clear cruise tourism is a disaster waiting to happen” for the destination, a hotelier warned yesterday.
GBPA welcomes govt help for small business
THE Grand Bahama Port Authority’s small business recovery grant programme will receive matching grant funding of $100,000 from the government’s Small Business Development Centre to assist small businesses. GBPA President Ian Rolle “welcomed” the par
‘Elephant in the room’ for 1m stopover target
A Cabinet minister yesterday said he is targeting one million stopover tourist arrivals for 2021 but acknowledged that COVID-19 vaccination hesitancy remains “the elephant in the room” for this ambition.
Lawyers losing out in lockdown
Commercial lawyers have seen business volumes plunge by up to 80 percent amid the latest COVID-19 lockdown, two ex-Cabinet ministers disclosed yesterday, describing the impact as “tremendous”.
Carnival’s private island plan to up arrivals 48%
The $80m expansion of a cruise line’s private island will create 200 construction jobs, and an extra 80 full-time posts, through growing annual visitor arrivals by 48 percent compared to pre-COVID volumes.
Cobras rout Pacers 80-39
The CC Sweeting Cobras senior boys’ basketball team, fresh off their semifinal appearance in the Providence Basketball Club’s Yuletide Classic, made mince meat of the well-rested RM Bailey Pacers.
Marina chief hits at increased red tape
The Association of Bahamas Marinas (ABM) yesterday voiced frustration that the entry process for incoming boats and yachts has been made “more complicated and difficult” for 80 percent of the market.
Unchecked spending boosted Govt deficit by 3.5% pts of GDP
Unchecked spending by the Christie administration added a sum equivalent to 3.5 per cent of GDP to the 2016-2017 deficit, Moody’s estimated yesterday, warning that Bahamian fiscal policy credibility has been undermined.
Bahamas’ ‘first class fills before economy’
The Bahamas’ tourism rebound is seeing “first class fill up before economy class”, a Cabinet minister said yesterday, estimating that as much as 80 percent of the industry’s economic impact has returned.
