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BISX-listed firm’s $5m ‘recapitalise’ after SEC settles
A BISX-listed company will have to undergo a $5 million ‘recapitalisation’ as a result of the deal struck by its principal and main subsidiary to settle a lawsuit against them by US federal regulators.
Boutique hotel on 'radar' for $200m development
A $200 million real estate development yesterday confirmed that a boutique hotel, while “on our radar”, was likely three to four years from being added to its product mix.
Bahamian basketball players standouts in junior college
SEVERAL Bahamian athletes delivered standout performances for their respective programmes at the Junior College level.
Govt deals: 2/3 of firms need 'personal contacts'
Two-thirds of Bahamian businesses have needed to use “personal contacts” to close or speed-up government deals, showing why “red tape” and corruption are among the country’s top woes.A Bahamas Chamber of Commerce and Employers Confederation (BCCEC) s
US gun checks would have helped the Bahamas
OFFICIALS in the Bahamas had hoped that the now failed proposed measure to expand gun background checks in the United States would have assisted law enforcement here to stem the tide of illegal firearms into the country.
Sports Notes
THE Bahamas Softball Federation will crown its new men and women champions this weekend as the National Round Robin Tournament is held at the Baillou Hills Sporting Complex.
College basketball players make their presence felt in Canada
COLLEGIATE basketball in Canada has returned at the U Sports level, and several Bahamian participants made their 2021 debut in the Stu Aberdeen Memorial Preseason Tournament.
Union seeking 'seat at table' on CIBC deal
Union leaders have written to the government seeking a “seat at the table” over the approval of CIBC FirstCaribbean’s majority sale to a Colombian-headquartered financial group.Teresa Mortimer, the Bahamas Financial Services Union’s (BFSU) president,
BISX micro tier ‘not necessarily money making’
THE Bahamas International Securities Exchange (BISX) has admitted its planned micro-listing tier will be a loss-maker during its infant years, but believes the facility is essential to “bring the entrepreneurial spirit” into this nation.
$627m in FDI for 2014 year-to-date
THE Government has approved $627 million worth of foreign direct investment (FDI) so far this year, a Cabinet minister said yesterday, adding that this nation receives $3 in return for every dollar offered in investment incentives and subsidies.
Bahamas girls ready for under-17 Centrobasket in San Juan
THE Bahamas Basketball Federation will field its first team for a busy summer with the upcoming Centrobasket Under-17 Championships. The U-17 Girls will be hosted at the Roberto Clemente Coliseum in San Juan, Puerto Rico. Team Bahamas will be capta
Time to sign up for the Ride for Hope
RIDE For Hope, the largest charity cycle event in The Bahamas, will be staged in New Providence for the first time next month after eight years in Eleuthera, during which time the number of riders has grown to over 600.
Lashann scores career high 30
LASHANN Higgs continues to have a breakout season for the Texas Longhorns and reached another scoring milestone for the second consecutive game.Higgs finished with a career high 30 points as her No.8 Longhorns protected home court with an 84-79 win o
Team Bahamas named for CAC Games
THE Bahamas Olympic Committee announced its largest team, comprising of 60 athletes - 21 coaches and three team officials in a contingent of 84 from nine disciplines - for the 23rd Central American and Caribbean Games in Barranquilla, Colombia.In joi
Amazon’s stand-alone streaming targets Netflix
AMAZON is taking on Netflix and Hulu with its own stand-alone video streaming service, just weeks before Netflix raises prices for longtime subscribers.
Uriah McPhee primary school expected to open today with staggered learning
DOMINIQUE McCartney-Russell, acting director of Education, said the Uriah McPhee Primary School is expected to open today with staggered learning that will see some students return today and others next week.
Lower losses save Water Corp $6.5m
The Water and Sewerage Corporation (WSC) has saved $6.5 million through the first two years of its non-revenue water (NRW) reduction project, its general manager telling Tribune Business that its daily water losses had been cut in half.
Union seeking answers as CIBC sale collapses
A trade union leader is today hoping to today discover whether CIBC’s efforts to exit majority FirstCaribbean ownership have hit “the end of the road” following the collapse of a $797m deal.
Colombian CIBC sale goes ahead
The deputy prime minister has voiced optimism that CIBC’s sale of majority control in its Bahamian and regional affiliate will be “positive” given the buyer’s reputation for innovation.
Stingers take Hugh Campbell title back to Grand Bahama
The Sunland Stingers were the most dominant team throughout the 38th Hugh Campbell Basketball Classic and the programme claimed their first tournament title in school history.
