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Failed broker: $9.7m hangs in the balance
A successful winding-up of Owen Bethel’s Montaque Capital Partners is dependent on recovering $5.35 million owed by the insolvent Bahamian broker/dealer’s clients and affiliates, plus the fate of $4.3 million being claimed by a Canadian provider.
Financial accounting needed on PMH Critical Care Block
BEFORE the May 2012 elections, Prime Minister Hubert Ingraham toured the Princess Margaret Hospital’s state-of-the-art critical care unit, which by then was 95 per cent complete.
Nassau’s air arrivals off 16.5% in October
Visitor arrivals through Lynden Pindling International Airport (LPIA) were slightly ahead of last year for the first 10 months of 2016, despite a 16.5 per cent October drop-off due to Hurricane Matthew.
9PM HURRICANE ALERT FROM BAHAMAS DEPARTMENT OF METEOROLOGY
ALERT #7 ON HURRICANE JOAQUIN ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY WEDNESDAY 30TH SEPTEMBER, 2015 AT 9 PM EDT.
Union chief: Taking vaccine should be a choice for teachers
TAKING the COVID-19 vaccine should be a personal choice for teachers, Bahamas Union of Teachers President Belinda Wilson said yesterday.
Slop buckets still being used at Fox Hill prison
THE inhumane practice of “slopping” is still alive in the over-crowded maximum security block at the Bahamas Department of Correctional Services (BDCS), Fox Hill, according to Commissioner of Corrections Patrick Wright.
Deandre Ayton posts his 17th double double of the season
DEANDRE Ayton was off his minutes restriction and had his most dominant performance of the three games he has been back on the floor since his return from an ankle injury.
Concerns amid fresh oil spill off Grand Bahama
OFFICIALS of the Ministry of Transport and Aviation have launched a full investigation into another oil spill that occurred off Grand Bahama over the weekend.
Winter tourism fears on union ‘work-to-rule’
Unionised employees were yesterday placed on “work to rule” at most of Nassau’s major resorts in a move likely to raise fears for this week’s key Thanksgiving holiday weekend.
Water polo team aims to repeat Carifta success
Team Bahamas looks to continue its trend of water polo success and repeat last year’s dominant performance at the Carifta Water Polo Championships.
Third annual King Eric Gibson Regatta set for Montagu Bay this weekend
The legacy of one of the most iconic names in Bahamian sailing continues as the regatta named in his honour continues to grow in stature each year.
Jonquel Jones has double double, Foxes 11-0 in Euro League
JONQUEL Jones and her UMMC Ekaterinburg Foxes returned to FIBA Women’s EuroLeague play for the first time in nearly a month and remained just as dominant as the last time they took the floor.
Doctors in 40% public GB hospital ownership
Doctors Hospital is planning to offer at least a 40 percent collective ownership stake to Grand Bahamians in the $15m-$20m hospital it plans to open on that island by the 2022 second quarter.
FINCO rejects 90% of Gov’t home applicants
Royal Bank of Canada’s (RBC) mortgage lending arm rejected 90 per cent of applicants seeking loans to purchase government homes, a Cabinet Minister has revealed.
BTC broke law on exclusive phone card agreements
The Bahamas Telecommunications Company (BTC) was yesterday fined $243,442 after regulators determined its ‘exclusive’ phone card supply agreements broke the law, excluding rivals from up to 60 per cent of the market.
Real Property tax reforms can ‘double’ revenues to $200m
The Government has been advised that it could double real property tax collections to almost $200 million per year through better enforcement and ensuring all eligible properties are on the roll, a Cabinet minister has disclosed.
Insolvent adviser meets just 25% of $1m liability
An insolvent Bahamas-based investment advisor has been placed in Supreme Court-supervised liquidation due to its remaining cash balances covering less than 25 percent of its $1m-plus liabilities. Ed Rahming, the newly-appointed liquidator for Pacifi
Bahamas total debt over 90% of GDP
The Bahamas was yesterday said to be “in a very, very dark position” after the Central Bank revealed that total public sector debt was a mammoth $7.604 billion, a sum equivalent to more than 90 per cent of national economic output (GDP).
McCuin and Rebels win NCAA season opener
The 2019-20 NCAA Division I basketball season tipped off Tuesday night and Bahamians were figured prominently for their respective programmes both on the sidelines and on the floor in various conferences across the United States.
Atlantis eyes $500m in fresh investment
Atlantis is on target to “exceed” 90 percent of pre-COVID occupancy levels for the 2022 full year, a senior executive has revealed, as it eyes “well over $500m” in new investment for this decade.
