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PI condo seizure awaits court nod

The receiver for an alleged $22.6 million fraud is waiting on the Supreme Court to authorise his seizure of an Ocean Club Estates condo belonging to two Paradise Island residents.

Dropping air routes 'not political move'

BAHAMASAIR General Manager Henry Woods yesterday dismissed claims that the decision to drop routes to Treasure Cay was a politically motivated punitive measure.

Bidder: Mobile licence process is ‘world class’

A leading contender for the Bahamas’ second cellular licence has described the bidding process as “world class”, and among the best of 50 such exercises he has been involved in.

Realtor fear on 50% permanent residency rise

Realtors last night described the Government’s revised plans to increase the permanent residency threshold by 50 per cent, from $500,000 to $750,000, as “bad news” and something to “head off”.Brent Symonette, minister of financial services, yesterday

Bahamian players shine in NCAA D1 Basketball

STEPHEN F Austin’s Nathan Bain was featured ESPN Sportscenter’s Top 10 while Sammy Hunter and Valerie Nesbitt had their best games thus far with their respective Ole Miss programmes to highlight the weekend of play for Bahamians at the NCAA Division

Bahamas faces recession if US falls over ‘fiscal cliff’

The US could tip the Bahamian economy back into recession within eight months unless Washington reaches a deal by tonight to avert its so-called ‘fiscal cliff’, a former finance minister has warned.

Family Island resorts suffer mixed Xmas

OCCUPANCIES at Out Island resorts for the Christmas period and into the New Year appear to be mixed, with one major property forecasting strong performance, while another said its guest business was in the

Kadeem Coleby posts double double for win on birthday

Birthday boy Kadeem Coleby helped the Akita Northern Happinets pick up their second straight victory in two nights over his celebrated weekend against the same team in the Japanese D1 professional basketball league.

Give Bahamians ‘direct’ carbon manager equity

Opposition MPs yesterday urged that “ordinary Bahamians” be given an opportunity to directly own shares in the company being created to manage this nation’s multi-million dollar carbon credits and their trading.

Bahamians look to have strong sophomore seasons on court

BAHAMIAN players at the junior college level are looking to have strong sophomore seasons and position themselves for an opportunity to eventually transfer to an NCAA programme.

GB Power’s storm insurance fund delayed one year

The implementation of Grand Bahama Power Company’s hurricane ‘self-insurance’ fund has been pushed back one year until January 2017 under its newly-approved tariff structure.

Bahamas set to face Canada in FIBA World Cup 2023 Qualifiers

The Bahamas senior men’s national basketball team is set to return to action in less than two weeks when they face Canada in the first window of the FIBA World Cup 2023 Qualifiers.

Renowned basketball coach Steve ‘Bulla’ Pinder dies at 85

RENOWNED basketball coach Steve ‘Bulla’ Pinder, known as one of the role models in the Bain and Grants Town community, passed away on Tuesday morning.

Insurers want same VAT treatment for all

The Bahamas Insurance Association’s (BIA) chairman has called for all property and casualty products to receive the same VAT treatment, adding that exempt status is “not the way to go”.Emmanuel Komolafe admitted to Tribune Business that he was “caugh

Man charged with murder of retired Canadian physician

A MAN made his initial court appearance yesterday in connection with the fatal stabbing of a retired 88-year-old Canadian physician on a Family Island.

WTO to impact 20% of economy

THE Government will forego $40m in revenue under its first World Trade Organisation (WTO) offer, its chief negotiator suggesting that accession will impact just 20 percent of the economy.Zhivargo Laing, pictured, a former minister of state for financ

Grand Bahamas local govt electoral race underway

THE Local government electoral race is in full swing in Grand Bahama as 96 persons throughout the island vie for available seats in three districts. Elections are set for June 23.

Airline industry faces $3.7m Customs debt

The Auditor General’s Office has urged Customs to collect millions of dollars in unpaid taxes and fees, including $3.747m collectively owed by 13 airlines as at end-June 2018.

Man held in connection with armed robbery

ONE man is in custody in connection with armed robbery and the recovery of an illegal firearm.

Three face court on drugs charges

THREE WOMEN and a man were arraigned in Magistrate’s Court on Thursday on separate drug charges.

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