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Bahamas broker’s clients: ‘We’ll be left with nothing’

Deloitte & Touche liquidators and their attorneys have been awarded over $1m in costs despite clients of a collapsed Bahamas broker/dealer voicing fears this payment leaves nothing for them to recover.

$200m renewable fund eyes summer ‘24 launch

The Ministry of Finance’s top official yesterday said he is targeting summer 2024 for the launch of an up to $200m fund that will finance renewable energy’s build-out across The Bahamas.

FNM wants Auditor General to probe maritime contracts

The Opposition will urge the Auditor General to “intervene” and probe allegations by a top civil servant that two maritime-related contracts were executed irregularly, its leader revealed yesterday.

Cable ‘well beyond half-way’ on fibre roll-out next month

Cable Bahamas’ top executive says it will likely be “well beyond the half-way point by December” in rolling-out its new fibre-to-the-home network infrastructure across New Providence.

Marinas: ‘Nothing’ heard on new online fee portal

Marina operators yesterday disclosed they have heard “nothing” about the online charter fee portal that was supposed to be created via a controversial $3.355m contract award.

‘PEOPLE WANTED MONEY FOR VOTE’: FNM coordinator says residents wanted cash just to turn up

AS polling wound down in the West Grand Bahama and Bimini constituency on Wednesday, David Wallace, the former Free National Movement MP for the area and coordinator of the party’s campaign, hoped a last-minute influx of FNM supporters would rescue the party’s chances, knowing a high turnout was critical to the party’s success.

Wildcats to face Tigers in Battle 4 Atlantis finale

The Villanova University Wildcats snuck past the North Carolina Tar Heels in an 83-81 overtime thriller to advance to their third Battle 4 Atlantis finals yesterday at the Imperial Arena, Paradise Island.

Giants and Millionaires in NPBA win column

THE TMT Giants and the Mekaddish Millionaires pulled off the New Providence Basketball Association’s double header at the Kendal Isaacs Gymnasium on Wednesday night.

Bahamas Junior Sunfish Nationals rock Elizabeth Harbour

THE 2023 Bahamas Junior Sunfish Nationals took place this past weekend in beautiful Elizabeth Harbour in George Town, Great Exuma.

Jailed for breaking into customs area

A MAN was sentenced to two years in prison after admitting to breaking into the Department of Customs area at the Andros airport this week.

Sky dive promotion hit by insurance concerns

A new sky diving excursion yesterday revealed the Ministry of Tourism is reluctant to promote the venture over concerns that it lacks adequate insurance.

Seaplane private charter targeting Harbour Island

A US aviation operator is planning to launch private charter seaplane flights from south Florida to Harbour Island in early 2024 to meet growing demand for the latter location.

Nassau and PI resorts enjoying Thanksgiving ‘record occupancy’

The Nassau/Paradise Island Promotion Board’s (NPIPB) chief executive yesterday said its resort members are reporting “record occupancy” for the Thanksgiving holiday period.

Top housing official rapped over ‘excessive spending’

The Government’s chief housing officer was reprimanded for “excessive spending” that allegedly exhausted 92 percent of the department’s budget within the fiscal year’s first seven months.

‘Don’t base corporate income tax decision on Shell $1.55bn’

The Bahamas must not implement a corporate income tax “on the narrow performance of entities” such as Shell which last year paid zero tax on its local subsidiary’s $1.55bn profits.

Maritime contracts signed ‘maliciously’

A senior civil servant is alleging that two controversial multi-million dollar maritime contracts were executed “negligently, unlawfully and maliciously” in contravention of public service rules.

PLP VOTE RISES AS SMITH WINS RACE – Davis: We wanted to win for Obie

THE Progressive Liberal Party’s Kingsley Smith comfortably won the West Grand Bahama and Bimini by-election yesterday, buoying the Davis administration in a race some saw as a potential barometer of the governing party’s popularity near the mid-point of its term.

The Tribune

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