News for Friday, September 27, 2013

THE MCCABE PROJECT: A new breed

ONE night not too long ago, a young man in his early 20s was walking home through the narrow, dimly lit streets of the neighbourhood where he was born and has always lived.

Police seek help in hunt for killer as murder total reaches 82

POLICE are asking for your help in locating the man responsible for the country’s latest murder.

Authorities ‘almost certain’ fatal blaze started by electrical shortage

DESPITE allegations that arson was to blame for the deaths of six relatives in a house fire, authorities are almost certain that the blaze resulted from an electrical shortage, The Tribune understands.

PM: National plan to help country's economy

THE nation took the first step on the road to creating a National Economic Development Plan yesterday.

'Thousands' of cane toads found

THOUSANDS of Cane toadlets have been found over the past few weeks at Lyford Cay, Minister of State for Environment Kenred Dorsett said yesterday.

Ellis speaks on new church fellowship

INFLUENTIAL religious leader Bishop Neil Ellis yesterday broke the silence over what led to his resignation from Full Gospel International which has resulted in the formation of a new fellowship of churches.

Oil drilling vote is still planned

BAHAMIANS will still get the opportunity to vote on whether or not the country will allow commercial oil drilling, according to Environment Minister Kenred Dorsett, who criticised the opposition for misleading the public yesterday.

'No evidence hull has been breached'

At approximately 2:30 p.m. on 26th September 2013, The Motor Tanker-Formosa Falcon, a 39,307 ton vessel ran aground off the coast of Grand Bahama.

Insurers fearing VAT 'recipe for disaster'

The Government’s proposal to levy 15 per cent Value-Added Tax (VAT) on property and casualty insurance premiums was yesterday described as “a recipe for disaster”, although the Government has indicated a “willingness” to listen to industry concerns.

Private sector in Tax Coalition talks

The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) is holding talks with industry associations over the formation of a ‘Tax Coalition’, Tribune Business can reveal, as a tool “to figure out what commerce needs to do” over Value-Added Tax (VAT).

Regulators 'lax' over listed firms info disclosures

The Securities Commission’s top executive yesterday admitted that regulators had been “lax” in ensuring public companies met their ‘information disclosure’ obligations, and said: “It’s something we have to tighten up on.”

BISX: $6bn market cap if Gov't debt listed

The listing of $3.467 billion in long-term government debt would represent “the single biggest event in the history of the Bahamas International Securities Exchange”, its chief executive said yesterday, more than doubling its market capitalisation to over $6 billion.

CHAMBER VOICE: Sound methods for promotion

Everyone in life looks for promotion, advancement and acceleration in whatever activities they are engaged.

On-site gene testing held at RBC for breast cancer

EMPLOYEES of RBC Royal Bank benefited from free on-site genetic testing for breast cancer vulnerability.

Wanted man arrested

A MAN wanted for questioning in connection with an armed robbery in Grand Bahama was taken into custody in New Providence yesterday.

Lourawls Nairn heads to Michigan

LOURAWLS Nairn will be taking his talents to East Lansing, Michigan, in the fall of 2014 after he verbally committed to the Michigan State Spartans yesterday.

15 heroes to be selected

IN celebration of National Heroes Month in October, a committee will select 15 heroes from a list of 52 nominees to be recognised for their achievements and contributions over the years.

Hield aims for medal

FOR the past three trips he’s been on, Carl Hield has always travelled with a Bahamian partner. This time, he’s making the trek alone to compete at the International Boxing Association (AIBA) World Boxing Championships.

Brackettes win opener

With the game on the line, the Sigma Brackettes went to three veteran players to get the job done.

Man admits fleeing from police

A MAN on trial in Supreme Court yesterday admitted to fleeing from police, leading them on a high-speed chase, and hitting and dragging a pedestrian 80 feet before shooting at pursuing officers.

Abaco business owners 'opened up' to the IRS

The Abaco Chamber of Commerce is aiming to take the lead in informing residents with dual US citizenships about their obligations to the Internal Revenue Service (IRS) under the Foreign Account Tax Compliance Act (FATCA).

BISX urges: Drive the business to us

Fresh from the listing of its first SMART Fund, the Bahamas International Securities Exchange (BISX) yesterday urged local financial services practitioners to drive clients to it, adding: “The business comes here and lists somewhere else.”

Man admits marijuana charges

AN ABACO man has now spent his first night of four years behind bars at Her Majesty’s Prison after pleading guilty to growing marijuana with the intention of selling it.

FNM agrees with Wilchcombe on Cuban row damage

THE FNM is “not satisfied” that a loss of confidence in the Bahamas’ commitment to human rights is limited to activists in South Florida – despite assertions by Foreign Affairs and Immigration Minister Fred Mitchell, St Anne’s MP Hubert Chipman said yesterday.

The Tribune