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Bahamian companies wait two years for $1m fraud recovery pay

Bahamian companies battling to recover assets lost in a $400 million financial fraud are experiencing “financial stress” themselves because they have not been paid almost-$1 million due for two years’ work.

Eviction notices placed on 95 shanty structures in Abaco

EVICTION notices were posted on 95 structures in an unregulated community in Abaco on Wednesday as the government ramps up efforts to eliminate shanty towns on that island.

Albany: Bahamians to get 95% of 650 new construction jobs

ALBANY’s developers yesterday said its newly-launched Marina Residences would create 650 construction jobs over the next 18-24 months, telling Tribune Business that approximately $370 million in economic activity had been generated from lot sales.

Treasure Cay seeks $59m purchase to ‘maximise potential’

The Treasure Cay Resort Marina and Golf Course is seeking a buyer that will take the area to its “maximum potential”, Tribune Business has been informed.

Insolvency Association to discuss legal reform

The Restructuring and Insolvency Specialists Association (RISA Bahamas) is to host a roundtable discussion on proposed changes to this nation’s insolvency legislation.

Grand Bahama Shipyard helps East End schools

FREEPORT – Last week, Minister of Education Jerome Fitzgerald toured improvements to East End schools and a visited a media centre donated by the Grand Bahama Shipyard.

Sports in brief

THE Bahamas Bowling Federation has announced that its trials for the Tournament of Americas is scheduled to start 7pm Wednesday.

A gift to help regatta

THE Cat Island Regatta is an established fixture on the Bahamian summer calendar and this year’s event in August will offer a busy programme and upgraded facilities.

Tomii misses out on pageant’s final 15

MISS Bahamas didn’t reach the top 15 in last night’s Miss Universe contest - but Miss Jamaica represented the Caribbean region, just missing out on the top three.

Teenager victim of 88th murder

A 17-year-old boy became the country’s latest murder victim when he was gunned down in broad daylight.

$3m marijuana haul discovered

DRUG Enforcement Unit officers discovered $3m worth of marijuana near the Ragged Island chain of cays last week.

Bahamian players shine in the Euro Basket

MIKE Carey and Zane Knowles notched their long awaited first win of the season for Étoile Charleville-Mézières to highlight Bahamian pro basketball players in leagues across the globe over the holidays.

Malik Joseph posting major numbers

Bahamian junior national basketball team standout Malik Joseph is posting major numbers in his senior season and is garnering more attention on the recruiting circuit.

‘No complaints’ on 72% profits decline

Bahamas First’s chief executive was yesterday “not complaining at all” despite a 72 per cent fall in total comprehensive income for 2016, driven by a one-third increase in net claims stemming from Hurricane Matthew.

DIANE PHILLIPS: There really is no place like home - shame we don’t go out and see it

It began with a thin piece of paper that fell out of an old folder. I can’t explain why I kept it for more than 40 years or why I kept any of the stuff in that folder, for that matter. Instinct, maybe, but back to the slip of paper. It was a small 4.5”x 8.5” flyer, now yellowed with age, with the name and photograph of Earl Nightingale, the legendary author and radio personality who ruled the airwaves in the 1950s and ‘60s.

‘We see NAIA membership in our short term future’

WHILE the College of the Bahamas will be transformed into the University of the Bahamas next week, everybody is waiting for the unveiling of its new Athletic Department.

Builder defends $20m contract

GOVERNMENT-hired builder Rev Lloyd Smith has defended his construction firm Holiday Industrial Builders International (HIBI) insisting that during the arbitration process, which followed a “politically motivated” contract termination, he pocketed nearly $10 million as there was no evidence that his work did not meet coding standards.

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