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Ex-finance minister says income tax 'stable' choice
An ex-minister of state for finance yesterday backed income tax as a more "stable" and equitable alternative to the present regressive structure that is dominated by VAT and import duties.
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PLP using Trump’s playbook
It is quite depressing to reflect on the journey that the Republican Party has taken since the days of the American Civil War. It was once the party of Abraham Lincoln that ended slavery in the United States. Today it is the party of Donald Trump and uses anger, fear, conspiracy theories and fake news to whip up the emotions of a section of society that is shrinking and getting more desperate by the day.
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A COMIC'S VIEW: Christie’s double speak leaves us all none the wiser
There’s an old Bahamian saying that goes “He talking out two mouths”.
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PLP plays politics with lives
The PLP is playing politics with people’s lives.
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Record-breaking swimmer leaves hospital for a second time
AUSTRALIAN ultra-marathon swimmer Chloe McCardel was yesterday discharged from hospital in Nassau for a second time after reportedly being re-admitted at the weekend due to “weeping” wounds resulting from her world record swim from the southern tip of Eleuthera to New Providence last week.
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BISX-listed firm's affiliate embroiled in '$140m fraud'
The head of a BISX-listed company yesterday told Tribune Business that it had “not been impacted at the moment” by its broker/dealer subsidiary becoming embroiled in an alleged $140 million investment fraud.
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April creditors meeting urged over major fraud
The Bahamian liquidators of an alleged multinational fraud that has ensnared a BISX-listed firm’s affiliate have applied to the Supreme Court for an Order that the first creditors meeting be held during April 2013.
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Bahamas broker 'pliant' in claimed investment fraud
The broker/dealer subsidiary of a BISX-listed company has been described by US regulators as “the pliant custodian” for an investment group accused of perpetrating an $140 million fraud, one investor alleging that it also failed to respond to its asset verification requests.
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BISX-listed firm’s affiliate in $75.5m ‘discrepancy’
There is a $75.5 million discrepancy over the sum allegedly held by a BISX-listed firm’s broker/dealer affiliate for a claimed multinational fraud, Tribune Business can reveal, with regulators having seized computers and a server from its downtown Nassau offices.
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Francis Adderley wins President’s Cup Tournament
FORMER softball/baseball player Francis Adderley, who has played well in partnership with others in recent times, emerged as the champion of his first individual tournament over the weekend.
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EDITORIAL: Another heart-stopper approaches for Mrs May
Since the British people voted by a narrow margin in the 2016 referendum to leave the European Union, the protracted negotiations have produced numerous twists and turns, setbacks, deadlines and disagreements.
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BISX-listed firm's CEO faces 'grilling' over alleged fraud
The chief executive of a BISX-listed company faces a grilling from liquidators investigating an alleged multinational fraud, who are seeking information on a series of multi-million dollar transactions involving his company.
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Collapsed entity’s $5m holding in BISX firm
Questions were last night being raised over the future viability of a BISX-listed company, after court documents disclosed that an entity accused of perpetrating a major multinational fraud held all its $5 million preference share capital.
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Benchmark denies 'material impact' via client's liquidation
BENCHMARK (Bahamas) yesterday said the Supreme Court-supervised liquidation of one of its key clients would “not have a material impact” on its financial position or “long-term development”, expressing confidence that it would achieve long-term business development goals.
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EDITORIAL: Melia shutdown is a disaster for its staff
The news about the Melia Nassau Beach Resort could hardly be worse – it will close down for two years.
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Meditation – The sea
THINK of the uncontrollable power of a storm. Harvey is certainly making his presence felt in parts of Texas. In the face of such force we are reminded to be humble no matter how important we seem to be. Tragic loss of life is a sobering reminder of the many who have found themselves going to a watery grave.
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EDITORIAL: Evidence there to check the facts
EVIDENCE is a powerful thing.
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Legal threat to $5m benchmark pref equity
Liquidators for an alleged multi-million dollar ‘Ponzi’ fraud are threatening legal action to force a BISX-listed company to unwind, and return, a $5 million investment that accounts for 100 per cent of its preference share capital.
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Businessman predicts further downgrade for Bahamas in 18-24 months
A leading businessman has predicted a further Wall Street downgrade of the Bahamas’ sovereign credit rating within the next 18-24 months if the Government does not move quickly to get its fiscal house in order, saying: “We have been living on borrowed money long enough.”
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Cay Conference looking for Bahamian models and actors coming soon to Atlantis
ORGANISERS of a conference say they are looking for Bahamian models and actors to give them a chance in the big league.