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Exchange control delays $35m GB Power offering
Grand Bahama Power Company’s (GBPC) planned $35 million capital raising has been delayed again, this time by the need to obtain exchange control approval from the Central Bank of the Bahamas, Tribune Business understands.
Community Outreach Centre in need of assistance
ON NOVEMBER 25, 2012, St David’s Methodist Church in Grand Bahama honoured the longest serving local preacher within the Methodist Church in the Bahamas and in the Caribbean, Evangelist Lloyd Fuller Quant. Evangelist Quant has been serving the church for more than 80 years as a local preacher, ever since 1934.
WORLD VIEW: Blatant, patent and flagrant - the double standards in the OAS
DOUBLE standards have become the new system in the Organization of American States (OAS). This unwholesome development does not portend well for the future of the Organization which is increasingly becoming a rubber stamp for the will of a few governments. It also creates a huge cloud over the bilateral relations of nations within the hemisphere.
PwC: Governance failures will cost companies dearly
Companies could lose key staff, customers and investments if they fail to live up to environmental, social and governance (ESG) expectations, a Bahamian accountant said yesterday.
We owe Dr Sands a huge debt of thanks
Regardless of the COVID-19 related quagmire that led to his resignation, the former Minister of Health Dr. Duane Sands deserves our appreciation for his historic, frank and passionate plea to make the nation’s wellness a serious and singularly important goal.
VAT health claims change may drain foreign reserves
THE changed VAT treatment on health insurance claims payouts could further drain The Bahamas’ foreign reserves by driving patients to seek care outside the country, a senior executive warned yesterday.
Jonquel Jones invited to the WNBA Draft
GEORGE Washington Colonials senior forward Jonquel Jones has been invited to attend the 2016 WNBA Draft on Thursday evening.
Hitmen sweep Truckers to win title
THE Arnette’s Sporting Lounge Hitmen are the New Providence Softball Association men’s back-to-back champions as they capitalised on a controversial play with ace Alcott Forbes drilling a game ending walk-off solo home run.
Day 3: Family Island teams make debut
Day three of Hugh Campbell Basketball Classic traditionally signals the debut of Family Island schools in the national tournament, and several programmes got off to impressive starts in their respective runs at the 2013 title.
Central Bank eyes digital B$ by 2021
THE Central Bank is aiming to roll-out a ‘test’ digital Bahamian currency by 2021, the Deputy Prime Minister disclosed yesterday, while slamming the banks for “forcing” electronic banking.K P Turnquest, in an address to the ComplianceAid Caribbean An
Second mobile operator begins launch process
Cable Bahamas yesterday said the clock had started running on the aggressive roll-out timetable for the second mobile operator to launch services to 99 per cent of New Providence within three months, after the Government approved its licensing.
URCA 'u-turn' over third cellular player
URCA 'u-turn' over third cellular player By NEIL HARTNELL Tribune Business Editor The Bahamian communications regulator has reversed course by deciding not to reserve space in the key 700 MHz radio frequency spectrum for a third cellular operator, while
Giants v Cybots tonight
THE 2014 New Providence Basketball Association will again be decided between a pair of familiar foes, perennial contenders and the last two league champions.
$200 fine over Indian hemp find
A MAN was fined $200 in a Magistrate’s Court yesterday for possession of dangerous drugs.
Two arrests after drugs found in separate incidents
Two men have been arrested in two separate incidents, after they were found in possession of dangerous drugs on Saturday.
100 Haitians found hiding in bushes
NEARLY 100 Haitian migrants were apprehended on Tuesday after they were found in bushes along the coastline on Inagua, the Royal Bahamas Defence Force said yesterday. Shortly after 9pm on Tuesday, an Operations Turks and Caicos (OPBAT) helicopter, w
Sir Sidney a hero of The Bahamas
Sir Sidney Poitier was a Bahamas National Treasure and priceless Jewel to the world, which shared his God-gifted talent of acting with the world on the world stage on television and in movies.
Fund's 'flagship' targets 10% pts occupancy growth
The Bahamas Property Fund is targeting a 10 percentage point increase in occupancy rates at its flagship downtown Nassau building to 80 per cent by year-end, having successfully leased “a couple thousand square feet” for 2013 to-date.
Rehabilitation of Offenders Committee has expunged 80 criminal records to date
THE Rehabilitation of Offenders Committee has to date expunged the criminal records of 80 people, some of whom were convicted for curfew violations during the height of the COVID-19 pandemic.
New PI super yacht marina 80% booked
PARADISE Island’s newly-opened Hurricane Hole super yacht marina is over 80 percent booked, its principal developer says, with the wider $250m project moving forward at a brisk pace.
