Flamboyant ‘philanthropist’ facing fraud charges retrial
A flamboyant Bahamian businessman and “philanthropist” faces a retrial on fraud and money laundering charges after the Court of Appeal found the rules governing his Post Office Savings Bank accounts were “ignored routinely”.
Union boss: BTC trying to make staff ‘look bad’
A union leader yesterday accused the Bahamas Telecommunications Company (BTC) of trying to make Bahamian staff “look bad to justify” outsourcing local jobs as the carrier’s 2023 first-half revenues fell by $1.4m.
‘We’ll show true story’ on title to $29m cays
A fresh bid to resolve the title to two Exuma cays, valued at a collective $29m, has been launched by some of the parties previously ensnared by the Chief Justice’s land fraud conspiracy ruling last year involving the same islands.
Fidelity mulls five for one stock split
Fidelity Bank (Bahamas) is mulling a five-for-one stock split due to its present share price, its chief executive has revealed, with the long-awaited move finally set to happen this quarter.
West Bay project is 'totally sold out'
A West Bay Street development is “sold out” and will totally finish construction by next year April, one of its principals disclosed yesterday.
Water Corp managers in $2.3m industrial deal
Middle managers at the Water & Sewerage Corporation yesterday signed a three-year, $2.3m industrial agreement with the state-owned utility that will last until mid-2025.
Staff and unions blast BTC during protests
Several dozen Bahamas Telecommunications Company (BTC) workers yesterday joined with executives from the company's two trade unions to demonstrate against feared job losses and other grievances with the carrier.
BCA trustee says lack of foundation causing Wartsila vibration problems
The Bahamas Power & Light chief executive officer was right on inadequate facilities for Wartsila generators at the Clifton Pier station, a Bahamian Contractors Association (BCA) trustee has said.
Marijuana legislation ‘is not all-inclusive’
The legalisation of marijuana is “just a game” for the politicians, a prominent cannabis proponent said as he raises concerns that the consultation process is not all-inclusive.
No worry over electric as gas car sales ‘booming’
The Bahamas Motor Dealers Association’s (BMDA) president said he is not worried about electric car sales in the country rising because gasoline car sales are “booming”.
Fintechs in The Bahamas: Mastercard creating a path for innovation and financial inclusion
MUCH has been written recently about financial inclusion, its impact on world economies, and how it is rooted in empowerment when financial tools and credit are accessible and become facilitators of positive social and economic outcomes.
Arawak X ‘still operating’ despite eviction notice
Arawak X is still operating despite an eviction notice on their doors in their Sandy Port offices, its chief executive said.
RODERICK A SIMMS: The cost of the ‘leaky bucket’
The ‘leaky bucket’ syndrome in The Bahamas represents a major obstacle to its economic growth and development. This metaphor symbolises the continuous loss and hindrance of resources, opportunities, and potential that impede the country’s progress. At the heart of this syndrome is the pervasive issue of corruption. In this column segment, we will explore how corruption perpetuates the leaky bucket phenomenon in The Bahamas, exacerbating several interrelated challenges.
Vacation rentals ‘too hard’ is reputation to be avoided
The Bahamas must avoid earning “the reputation that it is too hard to do vacation rental properties” with all the extra tax and regulatory obligations it is imposing on the industry, an attorney warned yesterday.
Gov’t urged: See poaching as ‘major economic crime’
Fishermen are urging the Government to treat poaching as “a major economic crime” with many yesterday said to be reporting that their lobster traps and condos were plundered before lobster season’s August 1 start.
