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Promoter renews $8m Resorts World pursuit
A beach club promoter yesterday confirmed he is renewing his pursuit of Resorts World Bimini for a minimum $8m in damages, and warned: “I hope they understand we have staying power.”Garrick Edwards and his Therapy Beach Incorporated entity, fresh fro
‘Keen competition’ at annual Paradise Island Open Sr Golf tourney
ON behalf of the Bahamas Golf Federation, Atlantis and the Ocean Club Golf Course recently hosted the annual Paradise Island Open Senior Golf tournament.
Vacation rental rates rise, but hotels decline
Room rates for Bahamian vacation rentals continue to move in the opposite direction to their hotel industry counterparts, with Airbnb bookings increasing 41 percent year-over-year for August.The Central Bank of The Bahamas’ monthly report for August,
Hurting customers
Surprise surprise! Those of us who saw in the Commercial Enterprises Act a backdoor assault on Bahamianisation have had to wait less than a year to be proved right. It turns out that the FNM’s sanctimonious proclamation of a reduction in labour certificate applications may reflect nothing more than the ability of would-be applicants to use this pernicious legislation to skirt the ordinary process for obtaining a work permit.
Buddy and Kings open training camp with new look, uptempo offence
THE Sacramento Kings opened training camp with a new look, uptempo offence aimed at improving their pace headed into the 2018-19 campaign.That uptempo offence got its first look on day one of camp with the players spending most of their time running
Bahamas 'stands out' as major IFC
A Cabinet minister yesterday underscored the Government’s commitment to maintaining The Bahamas as a “clean, compliant and transparent” financial services centre.Brent Symonette, minister of financial services, trade and industry and Immigration, sai
Arawak port operator to 'save every penny'
The Nassau Container Port’s (NCP) operator is aiming “to save every penny we can” following a financial year where its predictions of a near-$3m profit decline proved spot-on.Dion Bethell, chief financial officer for BISX-listed Arawak Port Developme
Legal debts could force Nygard sale
ENVIRONMENTAL activists are seeking a Supreme Court order to have Nygard Cay sold to satisfy the $2.2m debt Canadian fashion mogul Peter Nygard owes in legal costs from illegal dredging activities.
Consumers 'pay the price' for supporting agriculture
The Government has been urged to step back from direct involvement in the agriculture sector amid a “disconnection” between policy goals and budget spending allocations.A newly-published Inter-American Development Bank (IDB) analysis of Bahamian agri
Resort developer in Q1 2019 IPO target
A Bahamian-led developer yesterday expressed hope its planned BISX listing in 2019’s first quarter will “change attitudes” towards local investment in the country’s largest industry.Sir Franklyn Wilson, pictured, head of Eleuthera Properties,
Ex-AG: Public owner register is ‘sector killer’
An ex-attorney general yesterday warned that a beneficial ownership registry accessible by the public will be an “industry killer” for Bahamian financial services, and should be “resisted at all costs”.
Anti-trade groups: 'We'll awaken the Bahamian people'
Anti-free trade activists have pledged to mobilise and “awaken the Bahamian people” against joining the WTO, with one saying: “Our leaders just don’t recognise the danger.”Paul Moss, a leading member of the Bahamians Agitating for a Referendum on Fre
AML Foods suffers 63% q1 profits fall
AML Foods suffered a near-63 percent profit decline for the quarter to end-July 2018 as the hangover from its prior financial year carried over into the new one.Franklyn Butler, the BISX-listed food retail and franchise group’s chairman, blamed the d
Edison Sumner tenders resignation as Bahamas Chamber of Commerce CEO
EDISON Sumner tendered his resignation as director and CEO of the Bahamas Chamber of Commerce and Employers Confederation on Friday following a report this week about his ten-year ban from the securities industry.
DPM: No more VAT hikes before election
The Deputy Prime Minister yesterday pledged there will be no further VAT increase before the next general election, as he slammed “mischief” and “nonsense” spread by social media.KP Turnquest told Tribune Business that a further VAT rate hike would n
Bahamian banker’s life ban on $17m collapse
A well-known Bahamian banker has been barred for life from the securities industry over the “conflicts of interest” and client losses involved in his broker/dealer’s $17m collapse.
Chamber endorses CEO over 10-year securities barring
The Chamber of Commerce last night fully endorsed its chief executive’s performance and integrity after details of his ten-year securities industry ban and total $210,000 fines emerged.Michael Maura, the Chamber’s chairman, in a signed statement desc
Top negotiator: WTO 'won't hurt' this economy
The Bahamas’ newly-appointed chief negotiator yesterday pledged this nation “cannot join the WTO on terms that injure” its economy or any major industries.Zhivargo Laing, pictured, who replaces Raymond Winder, sought to reassure the private sector an
Robot boat sails into history by finishing Atlantic crossing
All summer, the small boat drifted steadily eastward across the churning North Atlantic until it neared the Irish coast, where it made history by becoming the first unmanned sailboat to cross the Atlantic.
Bennet Davis announces his retirement
National team forward Bennet Davis has announced that he will retire from professional basketball after an 11-year career which spanned 10 countries across the globe.
