NAD seeks waiver over $370m debt
The Nassau Airport Development Company (NAD) is asking its bondholders to waive critical debt servicing conditions following its credit rating downgrade, its chairman confirmed yesterday.
Bahamas urged: Remove bankruptcy burden now
The Bahamas must urgently modernise its centuries' old personal bankruptcy laws to prevent hundreds of persons being marginalised post-COVID-19, a top accountant warned yesterday.
Financial services needs 'swashbuckling' reforms
A Bahamian financial services provider yesterday voiced doubts the Government-appointed Economic Recovery Committee (ERC) will propose the "swashbuckling" reforms needed to revive the sector.
Cable to repay $30m-plus debt
Cable Bahamas yesterday confirmed it has moved into the second stage of its balance sheet restructuring by unveiling the early redemption of $30m-plus in preference shares.
Delayed hotel returns a 'tremendous blow'
Tourism operators yesterday admitted that the sector's proposed October 15 re-opening and value chain have been dealt a “tremendous blow” by major hotels deciding not to re-open.
Diamond Basketball to resume Saturday training session for girls
AFTER the summer camp was called off because of the coronavirus pandemic, Terrance ‘Red Eye’ McSweeney and his Diamond Basketball Development will resume a Saturday training session for girls in honour of the late Jonique ‘Mini’ Webb. Starting on Saturday and continuing through Saturday, December 10 at the Hope Center, under the theme: “Missed, but not forgotten,” McSweeney said he will conduct free lessons for female basketball players in the private and public schools between the ages of 5-11 years between the hours of 9am and noon.
St Fort looks to make the most of new club stint in Japan
MARK St Fort looks to make the most of what could be a limited tenure with his new club in Japan. St Fort recently said the deal with SeaHorses Mikawa of the Japanese B-League was an unexpected opportunity due to restrictions of the COVID-19 pandemic and its effect on import players.
PRO basketball players tip off regular seasons in Europe
PRO basketball leagues across Europe have tipped off their regular seasons and several Bahamian players were active in their respective teams’ debut. Both Domnick Bridgewater and Kentwan Smith got off to winning starts in France’s Nationale Masculine 2 (NM2) League. Bridgewater led Sapela Basket 13 to an early 2-0 record and recorded another double double.He finished with 19 points and 10 assists in a 90-74 win over Le Cannet Cote d’Azur Basket.
Dominic Demeritte ‘humbled’ by new post
DOMINIC Demeritte, the last athlete to win the International Amateur Athletic Federation’s World Indoor Championships’ 200 metres, is now the latest Bahamian to enter the track and field coaching ranks at an American college - a role he relishes with enthusiasm. Last week, Jayme Pendergast, the director of athletics at Life University, announced the appointment of the 1995 St John’s College graduate to the position of leader of the men’s cross country and men’s track and field programme in Marietta, Georgia.
Another power cut leaves families and students struggling
BAHAMAS Power and Light customers have been plagued by frequent power cuts this month, affecting students who are using virtual learning platforms and some small businesses struggling to survive because of COVID-19.
Govt must hand over papers on shanty town demolitions
SUPREME Court Justice Cheryl Grant-Thompson yesterday gave attorneys representing the government in a judicial review centred on shanty town demolition 21 days to hand over all documents relating to the plans to eradicate the communities.
No repeat for large police funeral
FOLLOWING criticism over a recent police funeral that contravened COVID-19 orders, Police Commissioner Paul Rolle said yesterday the public can be assured that such incidents will not happen again as everyone must abide by the law.
ALL HE WANTED WAS HIS BIRTHDAY PARTY: Reyes spent all day at homework – then was shot going out to play
FAMILY of Reyes Williams say all the seven-year-old talked about was his upcoming birthday party before he was killed Sunday night.
Another House of Assembly staffer has virus
A SECOND Parliament staffer has tested positive for COVID-19, raising what House Speaker Halson Moultrie said is concern about “institutional spread” of the virus in the House of Assembly.
Peril of the power of one
I awoke this morning feeling burdened by a desire to put pen to paper once again to continue the thoughts penned earlier in the morning on my Facebook page which reflected a sense of malaise that seems to be settling ominously over our beautiful country.
Restrictions are too onerous
I am a longtime visitor to Nassau from Ontario, Canada. I first came when I was a child over 55 years ago to visit my Bahamian grandparents. Now I have been bringing my wife and two children. Every visit has been enjoyable not only seeing family but touring around the visitor spots, beaches and restaurants.
Marijuana bust nets $3.4m cargo
A JOINT operation with police, the Royal Bahamas Defence Force, US Coast Guard and other American agencies led to the seizure of more than $3m worth of marijuana Monday.
48 new cases of COVID-19, one confirmed death, three deaths under investigation
The Ministry of Health reported that there were 48 new cases of COVID-19, one confirmed death and three additional deaths under investigation on Monday.
