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'Compliance breaches' at broker two years before its collapse
By NEIL HARTNELL
Broker's liquidators seek $1.5m asset release delay
The liquidators for an insolvent Bahamian broker/dealer are rushing to obtain a Supreme Court Order to prevent the release of Cdn$1.516 million to six of its former clients.
Individual Stats (Top 50)
1 Mike Russell Sands Bullets M 9 11 70 16 14 16 54.5 11 95 13 3 120.5 2 Harry Brown Coins A M 14 10 72 15 12 19 45.5 15 0 9 0 120.5 3 Christian Knowles Sigma Shots M 13 13 65 16 13 17 47 12 152 6 0 117.5 4 Sky Bain Back Yard Destroyers
Citizens must unite to be heard in the VAT debate
By TAMARA Van BREUGEL
'It's all about getting the job done'
AS THE sixth Bahamian to play in the Major League, Antoan Richardson has had an impact on the local sporting community. He joined the elite field that includes Ed Armbrister, Wilfred ‘Suggy’ Culmer, Tony Curry, Wenty Ford and Andre Rodgers.
Bahamas braced for Joaquin
THE Bahamas is bracing for the impact of Hurricane Joaquin, which strengthened into a category three hurricane in the Atlantic last night and is predicted to drop 10 to 15 inches of rain over San Salvador and Rum Cay today, with up to five inches expected over the rest of the central Bahamas.
Sports Notes
THE Bahamas Junior Fed Cup team, coached by Bradley Bain, defeated El Salvador 3-0 yesterday in Santo Dominigo.
SPORTING MISCHIEF & MAYHEM: Boom now or be labelled forever an NFL bust
MOST professional athletes, especially those in the NFL, want a bust, as in enshrinement into the Pro Football Hall of Fame. Each inductee gets a sculpture (bust) in his likeness, the ultimate accomplishment for a player individually in the game.
Giants sweep Cleaners
THE Commonwealth Bank Giants, featuring a couple of new players, are now into the New Providence Basketball Association’s John Archer divisional championship series, thanks to a two-game sweep over the Double R Services Limited Cleaners in their first round playoffs.
Banks to ‘double’ VAT recovery.... to just 10%
The Bahamian banking industry is hopeful it might be able to recover ‘double’ the amount of Value-Added Tax (VAT) inputs than previously thought, as one institution yesterday revealed its total tax burden will increase by $6-$7 million in two years.
‘It doesn’t jive’: Gov’t spending outpaces revenue
THE Government’s recurrent spending continued to grow at a faster rate than revenues during the 2014-2015 Budget year’s first half, with the Opposition yesterday arguing that the Prime Minister’s optimism “doesn’t jive” with the fiscal reality.
S&P’s higher deficits on VAT ‘uncertainties’
Standard & Poor’s (S&P) has agreed that there are “indeed uncertainties” surrounding Value-Added Tax (VAT) implementation, and is less optimistic than the Government in projecting a 3 per cent fiscal deficit for 2015-2016.
Property tax cap up 25% to hit $150,000
Bahamian realtors have given a mixed reaction to the Government's decision to increase the annual real property tax cap by 25 percent to $150,000.
Skills transfer woe still a ‘sad reality’
The Bahamas must change “the sad reality” that key skills and knowledge are not being passed on to local workers by expatriate work permit holders, a prominent contractor argued yesterday.
Francis Adderley wins President’s Cup Tournament
FORMER softball/baseball player Francis Adderley, who has played well in partnership with others in recent times, emerged as the champion of his first individual tournament over the weekend.
ONE ELEUTHERA FOUNDATION: Regenerative agriculture - it’s a win-win situation
IN our day and age, we look around the world and see so many environmental problems, many of which seem unsolvable. It is rare to find a solution as simple and as impactful as the practice of Regenerative Agriculture.
BISX Micro Listing Tier 'no brainer'
ESTABLISHING a micro listing facility for small and medium-sized Bahamian companies seeking up to $1 million in capital is among the "major things" the Bahamas International Securities Exchange's (BISX) chief executive is hoping to accomplish by June 2012, expressing hope the exchange could "partner" with the newly-elected PLP government on this and other initiatives.
Bahamas can be 'Atlantic air hub'
The Bahamas has the potential to become an "Atlantic transshipment hub" between Latin America and Europe, a senior KPMG executive believes, adding that this nation's "60 per cent GDP" tourism dependency meant it was bound to suffer more than other nations during the recession.
Activists fear ‘total decimation’ of PI site by Royal Caribbean
BAHAMIAN environmental activists yesterday reiterated fears that Royal Caribbean’s $100m beach club project will cause “total decimation” of western Paradise Island despite assurances to the contrary.
‘Banner-breaking’ 38% visitor rise in Eleuthera
Eleuthera has followed a “banner-breaking” December for stopover visitors with a 38 percent year-over-year increase in such arrivals for 2023’s first two months, it was revealed yesterday.
