Deltec demands $33m ‘stolen’ funds damages
A Bahamian bank and trust company is demanding “no less than $33m” in damages from a global payments provider after the latter “unlawfully withheld” more than $18m funds belonging to it.
Uncertainty if GB assets in Hutchison’s global port exit
Uncertainty prevailed last night over whether the Freeport Container Port and 50 percent ownership in the Freeport Harbour Company are included in CK Hutchison Holdings’ multi-billion dollar global ports deal.
URCA urged: ‘Cure abuse’ to stop political interference
Cable Bahamas is urging regulators to “cure this abuse” and “unnecessary financial burden” caused by governments dismissing its directors before they have completed their full term in office.
No blanket approach for moving roadside garages
A scrap metal yard proprietor, who says his business has operated without incident for 40 years, yesterday argued the Government should not adopt a blanket, one-size-fits-all approach to relocating such operations.
Super Value’s $500,000 egg gamble paid off
Super Value’s owner yesterday asserted its “$500,000 gamble paid off” with the restriction on how many low-priced eggs customers can buy now doubled from just two to four cartons.
$200m Exuma project to be ‘transformational’
The developer behind an $200m Exuma resort project yesterday renewed his pledged that the development will be “transformational” for the island’s economy.
AG: Integrity Commission would be cost ‘duplication’
The Attorney General yesterday maintained there is no need for an Integrity Commission given that the Independent Commission of Investigations will conduct the same level of scrutiny and oversight.
International Women’s Day is on March 8, and the theme set by the United Nations this year is “For ALL women and girls: Rights. Equality. Empowerment.” The popular theme that is being more widely used
Royal Bank of Canada (RBC) yesterday unveiled the completion of its first-ever solar carport in the Caribbean at its East Hill Street corporate office in The Bahamas.
Super Value eggs ‘met all required protocols’
A senior official yesterday reassured that cut-price eggs imported by Super Value are safe by disclosing that the product met “all the requisite protocols” relating to food health.
BISX-listed fund targeting $15m deal near Sandyport
A BISX-listed fund is planning to invest between $10m-$15m in transforming a “failed development” near Sandyport into a “short-term residential” complex in the latest phase of its expansion drive.
Tourism alarm for airlift over Silver Airways ‘cancellations’
Family Island tourism and hotel operators yesterday voiced alarm that some visitors were abruptly stranded in The Bahamas over the weekend when a troubled airline was forced to cancel its Orlando services.
Exuma moorings ‘model’ calls for regularising and standards
A potential “model” for the Government’s fledgling national moorings strategy yesterday warned it was vital such facilities are “regularised and standardised” given the importance of boating tourism.
Cable, BTC urge ‘fiscal restraint’ from URCA
Cable Bahamas is calling on industry regulators to show “fiscal restraint” after the latter’s proposed 2025 budget expanded year-over-year by a rate more than three times’ higher than it expected.
Customers egg-cited over drop in egg prices at Super Value
Super Value’s president yesterday said shoppers had gone “crazy” after it launched its own brand of eggs imported at a price almost two-thirds less than those imported from its regular US supplier.
Bahamian broker faces $11m insolvency fears
A Bahamian broker/dealer has been placed in Supreme Court-supervised liquidation amid fears it is almost $11m insolvent and unable to fully repay clients what they are owed.
