‘I cannot go further with people’s funds’ on Grand Lucayan
A Cabinet minister yesterday said the $5.5m payout demanded by Grand Lucayan managers was based on “faulty analysis”, and blasted: “I can go no further with the people’s money.”
RBC FINCO: We ‘underperformed’
Royal Bank of Canada’s (RBC) Bahamian mortgage arm has warned it will “continue to be challenged” with low growth and bad loans that, at $124.3m, exceed industry averages.
Crypto regulation must be ‘friendly’ to entrepreneurs
REGULATIONS governing crypto assets and related instruments must be “entrepreneur friendly”, a local industry advocate urged yesterday, saying: “We have a unique opportunity before us.”
Realtor expands ahead of its 10th anniversary
Bahamas Islands Realty has unveiled expansion plans just short of celebrating its tenth anniversary “success as a small firm with large talent”.
Water & Sewerage in out island outsource
The Water and Sewerage Corporation (WSC) has signed a contract with Sun Island Transfers (SunCash) to collect Family Island customer payments and move them to New Providence.
Union boss doubles down on BPL generation warning
A trade union leader yesterday reiterated that he will “accept nothing less” than Bahamas Power & Light (BPL) training his members to operate New Providence’s new generation plant.
Taxi drivers resolve issues at Baha Mar
THE Bahamas Taxicab Union’s (BTU) president yesterday said it had reached what he described as an amicable resolution over the working conditions for drivers operating at Baha Mar.
CULTURE CLASH: They can’t get by without a bit of help from friends
Last week Friday was International Women’s Day, and several events were held in Nassau and other cities all over the world. It was interesting to see what agencies, organisations and individuals did in their acknowledgement of the internationally recognised day.
Five women fined for overstaying
FIVE foreign women—three Venezuelans, a Guyanese, and a Jamaican—were collectively fined $5,000 for overstaying in the Bahamas, with the Jamaican woman said to have worn out her welcome by almost two years.
Final six poachers free to go
THE remaining six of 46 Dominican poachers previously convicted of plundering Bahamian waters of some 33,000 pounds of fish last year are now free men.
Bahamas has no Boeing 737 MAX planes
CIVIL Aviation officials yesterday confirmed the country does not have any Boeing 737 MAX airplanes in its registry following the model’s fatal plane crash in Ethiopia over the weekend.
70-year-old faces charges of sexually assaulting girl, 8
A 70-year-old man accused of sexually assaulting an eight-year-old girl is expected to be formally arraigned in the Freeport Magistrate’s Court this morning.
Video shows policeman slapping man in club
VIDEO footage has captured the moment a police officer slapped a man in a club downtown –– but according to the club’s supervisor, the clip tells only a small part of the story.
How much is this ’frolic’ costing?
MEMBERS of the Progressive Liberal Party railed against the government’s handling of Grand Lucayan employees and the execution of the plan to sell the resort, calling for greater accountability in the spending of tax dollars.
‘Now it’s time for us to go forward’
PRIME Minister Dr Hubert Minnis has expressed his administration’s commitment to doing what is necessary to ensure this country maintains its standing as a respected international financial centre.
'Next level' for financial sector after EU escape
The Bahamas must use its escape from the European Union's (EU) tax "blacklist" to take the financial services industry to the "next level of growth", the deputy prime minister urged yesterday.
Minister confirms schools TB cases
THERE are two separate confirmed cases of tuberculosis at Government High School and at AF Adderley, Education Minister Jeffrey Lloyd said yesterday.
Renward’s relief in $700m lawsuit
Court brings end to waste project dispute
The Supreme Court has dismissed the $727.364m damages claim brought against Renward Wells and two government "agents" by the firm at the centre of the Letter of Intent (LOI) controversy.
‘His hand never left the plough’
THE late Monsignor Preston Moss was yesterday described by Catholic Archbishop Patrick Pinder as a man of “very deep faith” and an “engaging preacher with a deep, deep understanding and knowledge” of sacred scriptures.
Ex-minister backs corporate tax call
A former finance minister yesterday joined calls for The Bahamas to consider implementing a low-rate corporate tax as a way to shed its long-standing “tax haven” label.
