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Failed broker paid 'excessive' cash to related parties
A Bahamian investment adviser collapsed into insolvency due to “mismanagement” centred on internal conflicts and the payment of “excessive cash” to related parties for client introductions. Ed Rahming, Pacifico Global’s liquidator, told the Supreme
Lawyer E Dawson Roberts dies age 85
PROMINENT Bahamian lawyer E Dawson Roberts died at 11am yesterday at his Eastern Road home. He was 85. Mr Roberts was a direct descendant of Loyalist Wyannie Malone, who founded Hope Town, Abaco, in 1783 after moving from Charleston, South Carolina.
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.
Tourism targets 23.5% reduction in 'leakage'
PROMOTING the development of small and medium-sized enterprises could help the Bahamas reduce the “leakage” of 85 cents from every tourist dollar earned, a hotel executive said yesterday.Carlton Russell, the Bahamas Hotel and Tourism Association’s (B
Eight Mile Rock man charged with rape
AN Eight Mile Rock man was charged with rape in the Freeport Magistrate Court on Friday.
Man charged with trying to procure girl, 12, for unlawful sex
A 26-year-old man was arraigned in a Magistrate’s Court yesterday charged with one count of procuring a minor for the purpose of unlawful sexual intercourse.
Ayton posts double double in loss to Pelicans
NEW ORLEANS (AP) — Deandre Ayton scored 20 points and led the Phoenix Suns with 12 rebounds on Saturday night. But they were defeated by the New Orleans Pelicans 119-99. It was the eighth double-double for the rookie No. 1 draft choice. He shot 9-12
Giants v Cybots tonight
THE 2014 New Providence Basketball Association will again be decided between a pair of familiar foes, perennial contenders and the last two league champions.
More than 60 boats expected in 5th Best of the Best Regatta
WITHOUT any major regatta to skipper to accumulate points this year, the Ministry of Agriculture, Marine Resources and Family Island Affairs has opened the field to include more than 60 boats to participate in the fifth Best of the Best Regatta.
Baha Mar interest like ‘beauty parade’
A Bahamian QC yesterday likened buyer interest in the $3.5 billion Baha Mar property to “a beauty parade”, while its former developer was left distinctly unimpressed by the latest winding-up petition adjournment.
Donations pour in to Save our South
“THE Furniture Plus warehouse was empty last night, and look at it now. It’s filled to capacity for tomorrow for thousands of pounds of supplies to be flown out to those in such dire need.”
Bahamas urged to adopt corporate ‘rescue culture’
The Bahamas needs to begin moving towards a “rescue culture” and create Chapter 11 -style legislation that will allow companies to restructure rather than go into receivership or liquidation, a senior Bahamian accountant argued yesterday.
Sports Notes
THE most valuable players (MVP) in City Bowling League competition last night was a red hot Kevin B Williams of Genuine Knights who mowed down the pins for a 270 second high game and a gigantic 708 three game set.
Children are our future
Thank you for your support, as it relates to building a better and stronger Bahamas, knowing that your newspaper’s letters column does play a vital role in the development of The Bahamas and the way forward. Again thank you for your space.
Portraits draw the crowds to ‘Sports Legends Walk’
ONE of the highlights of last week’s naming ceremony of Mychal Thompson Boulevard was the unveiling of 28 specially commissioned portraits by Jamaal Rolle of Bahamian sporting stars adorning the “Sports Legends Walk” at the Queen Elizabeth Sports Centre.
Prayer walk for Baha Mar
As social ills and other challenges continue to put a strain on the country, the Trinity City of Praise and the Commonwealth and Global Prayer Grotto are aiming to keep the faith through prayer.
Baha Mar liquidators: We won’t submit to Delaware
Baha Mar’s provisional liquidators have warned the Delaware Bankruptcy Court that they will not submit to its jurisdiction, and that they will challenge the “jurisdiction” of its decisions and Orders over them if necessary.
Bank not obligated to provide further Baha Mar finance
Baha Mar’s $2.45 billion lender yesterday said the developer had contractually committed to financing any cost overruns on the project, and it was not obligated to provide further money.
Brackets are released for 2015 Battle 4 Atlantis
THE brackets have been released for the 2015 Battle 4 Atlantis, giving us insight to the first round matchups as teams prepare for the eagerly anticipated fall classic at the Atlantis resort on Paradise Island November 25-27.
Chamber says wage hike ‘was the best option’
CHIEF Executive of the Bahamas Chamber of Commerce and Employers Confederation Edison Sumner yesterday dismissed concerns raised by some private sector employers over the recent minimum wage increase, saying that the approved $210 rate was the “best option on the table”.
