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All packed close in on Bahamasair
The following was sent to my iPhone today that I thought might interest your readers. The letter writer said:
Lights out for 5,400 ‘can’t pay’ families
WORKS Minister Desmond Bannister revealed yesterday that 5,412 households across the country are “off the grid,” as a result of not paying energy bills for 60 days or more and collectively owe Bahamas Power and Light more than $5m.
US wins $13.9m ‘Ninety’ assets confiscate appeal
The Privy Council yesterday paved the way for a battle over assets allegedly belonging to convicted drug trafficker, Samuel ‘Ninety’ Knowles, after it ruled that the US government’s $13.9 million confiscation order against him can be registered in the Bahamas.
Businesses fear 'havoc' through BEC sabotage
Bahamian businesses yesterday said they were “very concerned” that the alleged sabotage at the Bahamas Electricity Corporation’s (BEC) Clifton Pier plant could mean increased electricity costs and power disruptions in the summer months.
Baha Mar eyeing 15-20% job cuts
A Cabinet minister yesterday conceded it is “deeply concerning” that Baha Mar has delayed its re-opening amid plans to make “additional staffing reductions” that could result in hundreds losing their jobs. Dionisio D’Aguilar, pictured , minister of
POLITICOLE: There’s a hole in the bucket, Dear Christie
I was born in the 70s, and I grew up in the 80s and 90s. Life in The Bahamas was so much simpler then. Everything appeared cleaner, easier, purer. It was long before we knew what a storm our leaders were brewing for us, though we would soon find out. And the Pandora’s Box has been spilling over since then.
Alleged $22m PI fraudster served via DPM’s law firm
Receivers have been forced to serve legal proceedings on a Paradise Island resident accused of committing a $22 million fraud via Deputy Prime Minister Philip Davis’s law firm, Tribune Business can reveal, as they seek to recover $7.1 million allegedly transferred to the Bahamas.
WNBA: Jones and Sun lose opener
GRAND Bahamian native Jonquel Jones and her Connecticut Sun suffered a heart-breaking loss to the New York Liberty as they opened their Women’s National Basketball Association 2022 season on Saturday.
Arizona Fall League: Chisholm, Fox win on opening day
LUCIUS Fox and Jazz Chisholm continue their 2018 season in the Arizona Fall League and their respective clubs took wins on opening day yesterday.Fox hit leadoff for the Peoria Javelinas and finished 2-5, with two stolen bases and two runs scored in a
Dealer 'wiped out' by auto duty changes
A former leading used car importer said his business had been “wiped out” by the previous ‘engine size’ duty structure, telling Tribune Business he had shifted focus to his steakhouse restaurant venture.
Cable: 'We've satisfied all of our obligations'
Cable Bahamas has met all the obligations mandated by the Bahamian governnment, a senior executive telling Tribune Business the BISX-listed communications provider injected $50 million back into the economy annually.
Ayton has double double, but Clippers beat Suns 116-102 to stave off elimination
PHOENIX (AP) — Paul George scored 41 points, Reggie Jackson added 23 and the resilient Los Angeles Clippers staved off elimination by beating the Phoenix Suns 116-102 last night in Game 5 of the Western Conference finals.
S&P warned: Don’t ‘rush to judgment’ on credit downgrade
A well-known businessman yesterday urged Standard & Poor’s (S&P) not to “rush to judgment” and downgrade the Bahamas as a result of the Baha Mar impasse, adding that the only thing this country is losing is “time”.
CLUBS AND SOCIETIES April 10th, 2015
Bahama Girl Guides Association. - The campaign to build a new headquarters for the Bahama Girl Guides Association (BAGA), which is celebrating its centenary, received a fillip when Sir Durward Knowles presented a cheque for $10,000 to assist with the construction.
FINCO’s $22m ‘warning’ affirms mortgage crisis
FINCO’s $22 million provision warning was yesterday seen as a further sign that the Bahamas’ mortgage crisis is “deteriorating”, a leading businessman suggesting its announcement “may not be the end” of the sector’s woes.
Convict: Woman only hid me because I forced her
MURDER convict Ormand Leon told a magistrate yesterday how the woman accused of harbouring him during his two weeks on the run had only been found with him because he had allegedly forced her into a car.
$102m Baha Mar plant 'net project benefit'
Alternatives to the current design of Baha Mar’s proposed $102.3 million Seawater District Cooling (SDC) plant are not viable, its proponent arguing that the project has a “net benefit” and will cause only minimal coral loss in “an already degraded area”.
Exchange rate was 'never in jeopardy'
The Bahamas’ $838 million foreign currency reserves “are in line” with both their internationally-recognised adequacy benchmarks, the Central Bank of the Bahamas governor yesterday saying the one:one US dollar peg was “never in jeopardy” over the past decade.
Private sector has 'work cut out' with $302m loan arrears
THE Bahamian business community has its "work cut out" with more than $302 million worth of loans to it in arrears, a leading private sector official saying this showed companies were "not recovering as we had hoped".
Baha Mar teases Melia plan as volumes up 20%
Baha Mar’s president yesterday hailed an “extraordinary first quarter” and “record March”, with 2023 business volumes up 20 percent year-over-year, as he revealed plans to redevelop the still-closed Melia resort will be unveiled imminently.
