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Albany chief in 'devastating and self-inflicted humiliation'

Albany's principal investor has admitted that pleading guilty to securities fraud is "a devastating and self-inflicted humiliation I will have to live with for the rest of my days".

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50% 'grease the wheels' bribe findings accurate

The Bahamian Contractors Association's (BCA) president says findings that almost half of firms seeking construction permits are asked, or expect, to pay a bribe are "accurate" amid a "grease the wheels" culture.

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Freeport real estate sees 25% surge before market ‘explodes’

Freeport property sales and rentals were yesterday said to have increased by 25 percent in recent months as buyers seek to enter the market before it “explodes” from $2bn worth of investment projects.

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Residents voice objections to new PI resort proposal

RESIDENTS last night argued that plans to transform the former Paradise Harbour Club site into a seven-storey hotel represent an “overdevelopment” that will impact quality of life and devalue their properties.

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Man sentenced to four months for marijuana possession

A MAN was sentenced to four months in prison on Friday after he admitted to the possession of 33 grams of marijuana last week.

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Wildfire in Andros last week mostly contained

FIREFIGHTERS in North Andros are keeping a close watch on a large forest fire that erupted on the island last week, producing large plumes of thick, black smoke over surrounding communities.

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Bahamas closes in on six straight

TEAM Bahamas drew closer to capturing its sixth straight and eight out of nine CARIFTA Swimming Championship title on day three of the four-day competition last night at the Betty Kelly Kenning Swim Complex.

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Bank’s Out Island sites ‘a philanthropic service’

Bank of The Bahamas’ top executive yesterday described its Family Island presence as an act of “philanthropy” amid complaints that woes at its branch have left south Eleuthera in “a dire situation”.

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FOCOL targets wide growth in ‘preparing for the next 50 years’

FOCOL Holdings’ top executive last night said it is targeting growth “in every sector of our business”, including gas stations and electricity generation, and added: “We’re preparing for the next 50 years.”

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‘Mind-boggling’ timing over Gov’ts $357m GBPA claim

A FREEPORT attorney yesterday asserted it was “mind-boggling” that the Government should again “throw darts” at the Grand Bahama Port Authority (GBPA) given the island’s $2bn investment pipeline.

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Church owns 60 properties but ‘can’t pay’ $776k award

A Freeport church asserted it would be “totally compromised” if its bank deposits were seized to satisfy a $776,000 judgment despite owning a 60-strong, mortgage-free real estate portfolio.

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UPDATED PM: It is ‘intolerable’ that GBPA has not lived up to deal

PRIME Minister Philip “Brave” Davis threatened to begin arbitration proceedings against the Grand Bahama Port Authority (GBPA) if it fails to pay more than $300m owed to the government within the 30-day deadline.

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PM says ‘black hole’ east of East Street

The Prime Minister yesterday branded the section of downtown Nassau east of East Street as “a black hole” for The Bahamas even though it contains some of New Providence’s most valuable real estate.

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UPDATED: Parent dies at CARIFTA swim event

A PARENT from Grenada died during the CARIFTA aquatics championships on Saturday.

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50% fear or pay bribes for building and import permits

Fifty percent of Bahamian companies seeking construction and import-related permits say they have either been asked, or expect, to pay a bribe to obtain the required approvals, it has been revealed.

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PI crown land battle will go to privy council

THE Bahamian entrepreneur aiming to restore Paradise Island’s lighthouse has “every confidence we will succeed” as he bids to take his long-running battle with the Government before the Privy Council.

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GAIN AN EDGE – Sophia Walker: BTVI helping to boost and enhance employment skills

IT has been over ten years since Sophia Walker began serving on Programme Advisory Committees (PAC) of the Bahamas Technical and Vocational Institute (BTVI).

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CARIFTA: Team Bahamas picks up four medals in the morning field events

St George’s, Grenada: Team Bahamas continues to strive for excellence at the 51st CARIFTA Games adding four more medals to their count in the morning session of day two at the Kirani James Athletics Stadium.

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Fernander: ‘Family island courier services easy target for gun import’

AFTER Police Commissioner Clayton Fernander highlighted gun trafficking has now trickled into the Family Islands as a result of people abusing courier services, local courier businesses said they are open to help preventing weapons from being brought into the country.

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‘Total incompatibility’: But $100m project forges on

AN Exuma-based developer says it is pursuing all necessary approvals for a $100m project that has forced a neighbouring resort to place its development plans on hold and raised environmental concerns.