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$112m spent with 'no due process'

$112m spent with 'no due process' By NEIL HARTNELL Tribune Business Editor With more than $112 million in public monies spent "without any evidence of due process", the Bahamian Contractors Association's (BCA) president has urged the Government to use t

NPBA: Rebels and Heatwaves in win column

THE New Providence Basketball Association continued its regular season action with a double header at the AF Adderley Gymnasium on Monday night. • Here’s a summary of the games played:

Airline industry faces $3.7m Customs debt

The Auditor General’s Office has urged Customs to collect millions of dollars in unpaid taxes and fees, including $3.747m collectively owed by 13 airlines as at end-June 2018.

Deposit insurer 'lacks capital' if bank fails

The Deposit Insurance Corporation (DIC) does not have “sufficient equity capital” to compensate Bahamian depositors if a large bank failed, it was revealed yesterday, and has “transparency and disclosure shortcomings”.

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

INSIGHT: The real reasons behind ‘passports for sale’

On January 1, “60 minutes”, an investigative programme aired by the US television company, CBS Corporation, ran a segment on “Citizenship by Investment Programmes” (CIP) that are operated by several countries around the world.

Have business owners lost confidence?

LOCAL and foreign investors are probably having more board room sessions about whether this is the right time to invest in this country. So far, the Christie government has done nothing to assure the private sector that they know the direction in which their government’s sails are set.

City Markets staff allege 'conspiracy'

TEN Grand Bahama-based City Markets employees are alleging that the company and its principals deliberately altered their employment terms to "coerce and compel" them to leave voluntarily, thereby relieving the supermarket chain of the need to pay them severance and pension benefits.

ERIC WIBERG: Splashdown in the moonlight

ON the night of Tuesday, October 5, 1943, a pilot from the RAF named Hastie calmly pointed the sizeable B-25 Mitchell bomber towards the dark outline of South Eleuthera, just above Lighthouse Point. Despite losing an engine then the second one overheating, Hastie managed to calmly land his nearly 70ft, 35,000lb airplane a mere 100 feet from the beach gleaming white in the moonlight, without any of his men being killed.

Recent naturalisations

IS IT just me or has anyone else noticed the sudden increase in recent weeks in the number of "Notices" in our local papers for persons who are being considered for naturalisation/citizenship?

A Honkin' Conchin' Christmas Jollification!

THIS year’s Christmas Jollification saw record numbers of attendees, said organisers, as thousands of people walked through the gates of The Bahamas National Trust (BNT) last Saturday and Sunday.

DPM: Opposition finance chief slamming own party

THE Deputy Prime Minister last night said the Opposition’s finance spokesman was effectively indicting his own party by describing a $25 million project as “a slush fund”.K P Turnquest told Tribune Business that Chester Cooper’s criticism of the Gove

Aliv places Dorian repairs at $5m-$10m

Aliv yesterday completed the full restoration of its mobile towers in Abaco and east Grand Bahama, finishing a storm recovery “first phase” estimated to have cost between $5m-$10m.

Economic awakening from the ‘bottom up’

Bahamian policymakers have long focused on ‘top down’ economic strategies to improve tourism, financial services and construction for almost 40 years.

Virgin ‘pacing ahead’ of Bahamas route forecast

Virgin Atlantic’s just-launched Bahamas route is already “pacing ahead” of forecast business volumes for its first six months, the country’s top tourism official said yesterday.

Island Luck sees 90% money transfer drop

ISLAND Luck yesterday said it has seen a 90 per cent reduction in money transmission activity across its system, as it bids to position itself in the “vanguard” on ‘Know your Customer’ (KYC) requirements.Neil Major, Island Luck’s chief compliance off