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Fund manager to be ‘little more defensive’
A Bahamian investment bank plans to be “a little more defensive” in 2024 with its stock picks as it targets close to $20m annual asset growth in its main equities investment fund.
Bowleg hits back on audit findings
YOUTH, Sports and Culture Minister Mario Bowleg said the government did not overspend on last year’s CARIFTA and Jubilee Games, which cost more than $7m than was allocated, according to audit reports from the Office of the Auditor General.
GB medical school’s $25m expansion to give 200 jobs
A Grand Bahama medical school says its imminent $25m expansion will create 200 construction jobs as it dismissed a legal battle with its co-founder as “a distraction”.
‘Folly’ to release PwC’s $357m GBPA research
A Cabinet minister yesterday asserted it would be “folly” for the Government to disclose evidence showing how the $357m payment demand issued to the Grand Bahama Port Authority (GBPA) was calculated.
Lodge owner ‘can’t deal’ with BPL power outages
South Andros and Mangrove Cay residents yesterday urged the Government to “put their foot on BPL” after a 24-hour power outage knocked out all the area’s utilities and Internet service.
CARIFTA TV payment cut in half on contract breach
An upfront $50,000 cash payment related to broadcasting rights for last year’s 50th CARIFTA track and field championships was cut by 50 percent after organisers breached the contract.
Multiple fiscal failures found in Bahamas Jubilee games audit
UNAUTHORISED vehicle purchases and salary increases, misuse of petty cash, and a failure to pay National Insurance Board (NIB) contributions are some of the fiscal shortcomings highlighted in the Office of the Auditor General’s examination of last year’s Bahamas Jubilee Games.
$7m overspend on sports events
BAHAMIAN taxpayers incurred an extra $7m bill to cover cost overruns for two much-hyped sporting events that were hosted last summer, the Government’s financial watchdog has revealed.
Scout Association week of fellowship, training and information sharing
The Scout Association of the Bahamas, a dynamic youth organisation with a mission to develop the youth in myriad ways, recently hosted its annual week of fellowship, training and information sharing.
Racing for a brighter future
When astronauts are asked what the most beautiful place on earth is as seen from space, they often pinpoint The Exumas thanks to the mesmerising turquoise shades that envelope them. With more sea turtles and superyachts than people, it’s best known for its captivating waters. Samson Colebrooke grew up here, training in a place called the “Onion Bowl” in Moss Town, Great Exuma. The name comes from the fertile soil in Exuma, which is great for producing onions.
PI entrepreneur: ‘Brown envelope backs my case’
The Bahamian entrepreneur seeking to restore Paradise Island’s lighthouse presented the Court of Appeal with fresh evidence he asserted proves there was a binding lease agreement with the Government.
Ex-MP slams the Gov’t for $357m GBPA ‘shakedown’
A former MP yesterday slammed the Government’s demand that the Grand Bahama Port Authority (GBPA) pay it $357m as “a shakedown”, and questioned if the former is “either broke or desperate”.
‘All-Bahamian’ $30m hotel gets conditional go-ahead
The Bahamian developer of a proposed $30m West Bay Street hotel was yesterday granted preliminary site plan approval for the project provided its “side setbacks” are increased to 15 feet.
Ex-DPM: ‘I’ve triumphed over baseless conspiracy claims’
An ex-deputy prime minister last night asserted he has “emerged victorious against baseless conspiracy allegations” levied against himself and Sky Bahamas’ former principal by the airline’s chief financier.
Retired police investigator denies he was on ‘fishing expedition’
A RETIRED police investigator denied a defence attorney’s suggestion that he was on a “fishing expedition” when he and a team of officers searched vehicles allegedly belonging to Adrian Gibson in Long Island.
Carolyn Hanna - being the change you want to see
CAROLYN F Hanna is a living, powerful example of “being the change you want to see in the world”. While some complain about the state of affairs in their country, point fingers and cast blame; others, like Carolyn, are quietly making a difference by putting their passion into action.
PETER YOUNG: NATO fulfils its purpose
Celebrations of the 75th anniversary of NATO (North Atlantic Treaty Organisation) were in full swing last week as all concerned paid tribute to the success of this remarkable intergovernmental military alliance since its founding in 1949. In the words of its Secretary-General, Jens Stoltenberg, “NATO is bigger, stronger and more united than ever” and has broadly ensured peace, democracy and prosperity for its members.
ALICIA WALLACE: World Health Day '24
“MY Health, My Right” was the theme for World Health Day this year, observed on Sunday, April 6. In its statement on World Health Day, the World Health Organization said the theme was chosen to “champion the right of everyone, everywhere to have access to quality health services, education, and information, as well as safe drinking water, clean air, good nutrition, quality housing, decent working and environmental conditions, and freedom from discrimination.”
What can country do to take advantage of kart racing?
FEW of us can name six senators serving now or remember who our Member of Parliament was ten years ago, but mention Lewis Hamilton and eyes light up. Recognition is instant. “The greatest race car driver of all time … A hero on the track and off …”
Royal Caribbean to start PI site clearance
Royal Caribbean yesterday confirmed it is “right at the cusp” and aiming to begin site clearance for its $100m Paradise Island beach club this week with a Heads of Agreement signing “very close”.
