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Albany developer’s Bahamas return after spared jail time
ALBANY’S principal investor was given permission to return to The Bahamas as early as yesterday after being spared jail time following his previous guilty plea to securities fraud.
Gov’t u-turn on Nassau solar bidding deadline
THE Government has performed a u-turn over the deadline by which all bids on the New Providence renewable energy and microgrid project must be received, it can be revealed.
NIB’s $240m loss at COVID’s peak
COVID-19 has left the National Insurance Board (NIB) facing an “uphill lift” to recovery after plunging the nation’s social security system into a $240m loss at the pandemic’s peak.
Gov’t and Opposition fight on GDP growth
THE Government and Opposition yesterday battled over what real GDP growth that fell below expectations for 2023 means for The Bahamas’ short-term economic prospects.
Bakery reveals record Easter hot-cross sales
A Bahamian bakery yesterday revealed it enjoyed its best Easter to-date by selling just under 600 dozen homemade hot cross buns.
Gov’t eyes jet ski safety crackdown
The Government is eyeing a safety crackdown on jet ski operators that could result in the industry having to sign up to and abide by a ‘code of conduct’, it was revealed yesterday.
Grand Lucaya sees rise in occupancy numbers over long Easter weekend
SOME hotel properties experienced occupancy levels of between 30 and 40 percent over the Easter holiday, particularly in the Lucaya area.
Minnis: People look at disclosures ‘as a joke’
FORMER Prime Minister Dr Hubert Minnis said “people look at it as a joke” regarding the filing of financial declarations as required by the Public Disclosure Act.
Disclosures filed by some MPs as others decline response
AS the deadline for filing financial declarations as required by the Public Disclosure Act, a number of Members of Parliament confirmed they had filed on time – although several others declined to say or did not respond.
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.
Bahamians conflict on broker’s US client pull
Bahamian executives have given conflicting evidence over whether a local broker/ dealer used marketing deals with day trading schools to circumvent US laws against soliciting American clients.
PI resort proposal expands units 46%
The former Paradise Harbour Club’s proposed redevelopment is being expanded to a seven-storey hotel featuring a 46 percent increase in units compared to earlier plans.
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".
ERIC WIBERG – Palowna & Orestes, 1826 Spanish slavers wrecked in The Bahamas
MANY slave ships met their end in the Bahamas, but not many know of an awkward period between when Britain outlawed the trade in slaves in 1807, and slavery itself, in 1834.
Freeport poised to be ‘fastest growing Caribbean economy’
FREEPORT needs Nassau-based investors to help build “critical mass” in a city “poised to be the fastest-growing economy in the Caribbean”, a Port Authority executive asserted yesterday.
Top KC sounds ‘dark side of Bahamianisation’ alarm
A PROMINENT KC yesterday sounded the alarm over the “dark side of Bahamianisation” for breeding mediocrity based on “a sense of entitlement”.
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.
Financial group chair to gain trailblazer award
A BAHAMIAN financial institution’s chairman is set to receive the Trailblazer Award at today’s Society of Trust and Estate Practitioners (STEP) Bahamas conference.
PM is well suited for finance role
IT WAS written by the revered Chinese sage and philosopher, Confucius in 500 BC that “the ruler of a country of a thousand chariots must give diligent attention to business; he must be sincere; he must be economical; he must love his people; and he must provide employment for his people at the proper seasons”.
Genesis triumph at BSAA annual meet
THE Bahamas Scholastic Athletic Association completed its annual track and field meet on Friday at the original Thomas A Robinson Track and Field Stadium with Genesis Academy emerging as this year’s champions.
