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April creditors meeting urged over major fraud
The Bahamian liquidators of an alleged multinational fraud that has ensnared a BISX-listed firm’s affiliate have applied to the Supreme Court for an Order that the first creditors meeting be held during April 2013.
Gov't eyes $138m spending slash
The Government is moving to cut recurrent spending projections by 5.6 per cent for the current fiscal year to compensate for a $120 million drop in revenues, with a Wall Street analyst yesterday saying execution would be “key” if it was to hit is deficit/debt reduction targets.
Provider offers $500-$600m waste to energy plant
A Bahamas-based renewable provider is offering to build and operate an estimated $500-$600 million plasma waste-to-energy plant at the New Providence landfill, creating 400-500 full-time jobs, in the process.
Oil explorer to boost Freeport's 'little gem'
The Bahamas Petroleum Company (BPC) is planning to use Grand Bahama’s industrial and logistics abilities to support its oil exploration activities, its chief executive describing the island as an “under-utilised little gem”.
Food retailers fear 12% VAT cost rises
Bahamian food retailers fear the Government’s Value-Added Tax (VAT) legislation will have a “profound impact” and result in job losses, increasing their cost base by up to 12 per cent.
Pension providers enjoy ‘significant’ 100% inquiry rise
Pension plan administrators yesterday said they had seen a 100 per cent increase in employer inquiries over the past 12 months, describing the surge as “significant” given existing low participation levels.
Journalism giant Ed Bethel dies aged 82
VETERAN journalist Eldred “Ed” Bethel died yesterday at the age of 82.
NPBA: Wreckers pull of 108-82 win over Caribs
THE New Providence Basketball Association, displaying its new live statistics for all of its games on its recently constructed website, had just one match on Tuesday night with the Y-Care Wreckers pulling off a 101-82 triumph over the College of the Bahamas Caribs.
1pm: HURRICANE JOAQUIN ALERT FROM THE BAHAMAS DEPARTMENT OF METEOROLOGY
ALERT #4 ON HURRICANE JOAQUIN ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY WEDNESDAY 30TH SEPTEMBER, 2015 AT NOON EDT.
Long Island’s private sector at 35% capacity
JUST 35 per cent of Long Island businesses are back in operation three months after they were devastated by Hurricane Joaquin, the island’s Chamber of Commerce president yesterday estimating that the private sector will take two years to “get back to where it was”.
$2m boost in hotel room revenues for Grand Bahama
GRAND Bahama is showing significant improvements in hotel room revenue, which has hit $16 million this year - a $2 million increase over 2014, according to tourism officials.
Sounds of the silly season
It seems the silly-season is very much on us, from what I read and what I listen to on the radio.
Designs for Pinewood drainage system near completion
OFFICIALS are expected to complete drawings for the new Pinewood Gardens drainage system within the next two weeks, according to the constituency’s Member of Parliament Khaalis Rolle.
English golfer Rose having a great time in the Bahamas
JUSTIN Rose, the English golfer, has moved his family from Florida to the Bahamas, where he has owned property at Albany for the last few years. The Roses moved after the Open Championship in July and have made that their permanent residence - at least for now.
Take Bahamasair 'past Florida shopping trips'
Bahamasair needs to “go beyond sponsoring shopping excursions to Florida”, a senior tourism executive said yesterday, arguing that this nation must have the global airlift reach and capacity to sustain its tourism sector.
Butler-Turner is worried by turnout
LONG Island MP Loretta Butler-Turner said the low voter turnout for gender equality referendum’s advance poll was a “clear and frightening” indication that the majority of the Bahamian electorate is either “confused or disengaged” because of the many “different stories” associated with the vote.
Sandals Emerald Bay hosts its 1st Annual Global Golf Tournament
EXUMA, The Bahamas — Sandals Emerald Bay hosted its 1st Annual Global Golf Tournament, attracting top producing travel agents from Canada, South America and the US.
Deandre Ayton and ‘Team Harden’ rout ‘Team Canada’ 123-96 in Adidas Nations
ADD another off-season accolade to the résumé of DeAndre Ayton, playing on the circuit of another shoe and athletic apparel giant.
BNT salutes a legend as Carey bows out
THE Bahamas National Trust recently celebrated its outgoing executive director Eric Carey and his legacy at their “Eric’s Final Farewell Event” at Baha Mar.
Negotiations restart after industrial action at airport
THE government has restarted negotiations with the Bahamas Public Service Union (BPSU) following Monday’s industrial action with the hopes of having most of their grievances resolved by the end of August.
