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Bahamian funds defraud leading banks of $219m
A psychologist dubbed Germany’s ‘mini-Bernard Madoff’ and a co-conspirator have been accused by the US government of using Bahamas-domiciled hedge funds to defraud some of the world’s top banks out of $219 million.
800 job applications for new mobile player
Cable Bahamas had received around 800 applications for jobs with the nation's second mobile provider by end-last week, it was revealed yesterday, and is confident the new operator can beat its financial targets.
Bahamas’ FIBA 2022 AmeriCup qualification bid comes to an end
TEAM Bahamas experienced another fourth quarter collapse against Puerto Rico and saw their FIBA 2022 AmeriCup qualification bid come to an end.
Sports in brief
Sports in brief NPBA CHAMPIONSHIP AFTER taking a break for the Easter holiday weekend, the New Providence Basketball Association (NPBA) is scheduled to resume play in their best-of-five championship series at the DW Davis gym tonight. The MailBoat Cybot
New national champions
The Grand Bahama Shipyard Cruisers knew that the New Providence Commonwealth Bank Giants would make the necessary adjustments for the championship game. But they felt they still had a team capable of winning the Bahamas Basketball Federation’s Bunny Levarity men’s national title.
First land-based commercial coral farm opens in Freeport
CORAL Vita – the first land-based commercial coral farm in the world - was officially opened on Friday in Freeport, creating a new sector of sustainable aquaculture and innovation for reef restoration in Grand Bahama and The Bahamas.
Realtor: '25% or fewer listings' impede MLS as activity gauge
A BAHAMIAN realtor yesterday said the industry's Multiple Listing System (MLS) was not the best indicator of market activity because it only featured "25 per cent or lower" of properties available for sale, telling Tribune Business it would take 10 years for it to list all available real estate.
High Flyers, Mingoes in tonight’s double header
IN the New Providence Basketball Association (NPBA) tonight, the Breezes High Flyers are scheduled to play Elite Basketball Club in the men’s division II opener at the Kendal Isaacs Gymnasium.
McCoy and Bastian stand out in NCAA Division II basketball
BAHAMIAN student athletes continue to have a major impact on their respective programmes in NCAA Division II basketball.
Readers say CWC gained most from BTC deal
The majority of voters in The Tribune’s online poll say Cable and Wireless (CWC) benefited the most from the government’s recent BTC deal.
Sports in brief
THE defending champions Career Building Lady Cheetahs and last year’s runners-up Bommer G Lady Operators took the opening game of their respective New Providence Women’s Basketball Association best-of-three semifinal series at the DW Davis Gym on Saturday night.
‘It’s bouncing back with a vengeance’
Tourism was yesterday said to be “bouncing back with a vengeance” with 13,000 cruise visitors expected in the week before Independence and Nassau’s mega resorts reporting occupancies of up to 90 percent.
Ocean Club at ‘full pace’ for its re-opening
The One & Only Ocean Club invested “almost $30 million” in today’s re-opening, with the high-end resort set to hit “full pace” immediately via 85-90 per cent occupancies.
Cold storage facility to help immunisation programme
PUBLIC Health officials yesterday commissioned a newly constructed vaccine cold storage facility as a part of the country’s Expanded Programme on Immunisation.
First cruise back hit by virus
One of the first cruise ships to ply through Caribbean waters since the pandemic began ended its trip early after at least five passengers tested positive for COVID-19, officials said yesterday.
Port Lucaya in fifth month of rent discounts
Port Lucaya Marketplace has entered the fifth month of a ‘rent discount’ initiative to ease a post-Hurricane Matthew burden for tenants that has now been exacerbated by Memories’ pull-out.
Jean Rony case adjourned again
THE Jean Rony Jean-Charles case was adjourned again on Friday as lawyers for the Bahamas-born man and the Office of the Attorney General were unable to agree to terms that would fast-track the case to the Court of Appeal.
Condo project enjoys $5-$6m January sales
THE Caves Heights development has generated $5-$6 million from condo sales in January alone, its vice-president of sales and marketing yesterday telling Tribune Business the oceanfront development was aiming to double last year’s performance.
Whylly and Hurricanes one game away from a perfect regular season
ROOSEVELT Whylly and the Holland College Hurricanes are now one game away from a perfect regular season record while Samson Cleare set an all-time rebounding record for the NAIT Ooks in Canadian Collegiate Athletic Association basketball.
Halkitis: No viable option other than VAT
APART from the imposition of Value Added Tax (VAT), the Bahamas has no other viable option to spark the required streams of revenue it needs to arrest government debt, according to State Finance Minister Michael Halkitis.
