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'Severely hampered' over legal action against Alliance
Liquidators for an alleged multi-million dollar Ponzi scheme have been “severely hampered” by a lack of financing in their efforts to recover a $5 million investment, and pursue legal action, against a BISX-listed company’s main affiliate.
NPBA Opening night on Saturday
THE New Providence Basketball Association will be back in action this weekend to tip off its 2019-20 season.
Commission forces Benchmark into broker 'guarantee'
BISX-listed Benchmark (Bahamas) has been forced to “guarantee” its broker/dealer subsidiary will meet all financial obligations for “at least 12 months”, after regulators expressed concern over whether it was a ‘going concern’.
'Risk' broker may not return investor funds
There is a “legitimate risk” that a BISX-listed broker/dealer may not return funds caught up in a $340 million Ponzi scheme to their rightful owners, court documents obtained by Tribune Business have alleged.
U Sports Basketball: Bahamian men reach Final Eight
THE U Sports Men’s Basketball Final Eight featured several Bahamian players, however, each fell short in their bid for a National Championship.
Heartbreaking loss for Buddy and No.1 Sooners
On the day that they earned their No.1 ranking, Buddy Hield and the Oklahoma Sooners suffered a big defeat at the James H Hilton Coliseum in Ames, Iowa, on Monday night.
LW Young and broke candidates
Leon Walter Young, better known to us as L W Young, was first elected to the House of Assembly in 1912, during the governorship of either Sir Gilbert Thomas Carter or Sir William Grey-Wilson. A carpenter and building contractor by profession, Young would serve in Parliament for the Eastern District of New Providence, from the aforementioned 1912 to 1942 – the year of the Burma Road Riots.
Pro gridiron star Karl McCartney set to host series of clinics, scouting combines
IN an effort to further aid the development of American football in the Bahamas, pro gridiron star Karl McCartney will host another in his series of clinics and scouting combines for local enthusiasts.
Sand Dollar rout Zulu Media 96-64, Cyber Tech top Mekaddish Millionaires 82-80
THE New Providence Basketball Association continued its regular season action at the AF Adderley Gymnasium on Wednesday night.
Mail Boat Cybots defeat the Cleaners, Athletico beat Rebels
WITH a change in venue from the AF Adderley Gymnasium to the DW Davis Gymnasium, the New Providence Basketball Association (NPBA) continued its regular season action on Wednesday night with Athletico Bahamas and the Mail Boat Cybots securing victories in the the double-header.
BISX listee's principal seeks SEC suit dismissal
A BISX-listed company’s principal, and its broker/dealer affiliate, are demanding that a federal regulator’s lawsuit against them be dismissed because the US courts have “no jurisdiction”.
Dames, Lightbourne to join Panthers prep programme
THE BC Christian Prep Panthers basketball programme is establishing itself as a pipeline for Bahamian talent and will add another pair of local student-athletes.
SANDALS SAYS $84-$85M SPENT ON EMERALD BAY
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net SANDALS has invested between $84-85 million in its Emerald Bay property on Exuma to date, its chairman telling Tribune Business the resort's occupancy levels were in the 70 per cent
SANDALS SAYS $84-$85M SPENT ON EMERALD BAY
By NATARIO McKENZIE Tribune Business Reporter nmckenzie@tribunemedia.net SANDALS has invested between $84-85 million in its Emerald Bay property on Exuma to date, its chairman telling Tribune Business the resort's occupancy levels were in the 70 per cent
BVI court criticises Bahamas liquidators
The Bahamian liquidators for an alleged multi-million dollar international fraud have been blasted by a British Virgin Islands (BVI) judge over a “remarkable” and “gratuitous” agreement with a BISX-listed broker/dealer.
Tobacco start-up targets up to $10m first year sales
A Bahamian-owned tobacco manufacturing start-up yesterday said it was targeting $5-$10 million in first year gross sales, but warned this and employee hires could be “significantly impacted” if no Excise Tax exemption was forthcoming.
Team Bahamas ends up 6th overall at the 29th Caribbean Amateur Junior Golf Championships
TEAM Bahamas faced off against the best junior golfers in the region but fell one spot off their pace in recent years.
Tributes paid for iconic journalist Ed Bethel
TRIBUTES continued to pour out for veteran journalist Eldred “Ed” Bethel yesterday, with the Free National Movement and Broadcasting Corporation of The Bahamas remembering the media legend.
Puerto Rico leads Caribbean Amateur Golf Championships
WHILE Puerto Rico continues to lead both the Hoerman Cup and George Teale Memorial Trophy for the 2016 Caribbean Amateur Golf Championships, the Bahamas still has some work to do to at least finish in the middle of the pack when the four-day event comes to a close today.
Sports in brief
THE New Providence Volleyball Association’s best-of-three playoffs got started at the DW Davis Gymnasium Wednesday night.
