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Insolvent broker chief asked to return $3.5m
An insolvent Bahamian broker/dealer’s principal will be told to return $3.5 million to its liquidators by “formally dissolving” 10 entities he controls, Tribune Business can reveal.
Dorsett: Govt to bring regulations after Rubis spill
ENVIRONMENT and Housing Minister, Kenred Dorsett, said yesterday that the Government was committed to introducing regulations that would govern the currently unregulated ‘downstream’ petroleum sector.
Baha Mar warns Chinese partner: on ‘discontent’
Baha Mar’s owner yesterday called on its Chinese construction partner to meet its obligations to get the $3.5 billion destination resort open, urging it to recognise the “discontent” it is causing in the Bahamas.
Taxi industry modernisation to match tourism upgrades
Baha Mar’s aim in “raising the product and profile” of the taxi cab industry is to ensure it reflects the major tourism-related investments and upgrades in New Providence, a senior executive said yesterday.
Public voting opens for Commonwealth Conference song contest
THE Ministry of Education, Science and Technology has announced the top ten songs in its song competition to mark the Bahamas’ key role in hosting the 19th Conference of Commonwealth Education Ministers (19CCEM) next June.
Flamingos Women’s Golf Club 242 marks Women’s Golf Day
THE Flamingos Women’s Golf Club 242 celebrated Women’s Golf Day this month, hailing the women who are blazing trails in the sport, and encouraging new members to join.
21st annual Duke of Edinburgh Cup Charity Golf Tournament in Paradise at Ocean Golf Club on Sunday
THE 21st annual Duke of Edinburgh Cup, the Bahamas’ semifinals of the Charity Golf Tournament, is all set for Sunday at the Ocean Golf Club on Paradise Island.
Business goes on 'defensive' over URCA dispute
A GRAND Bahama businessman said yesterday that he was going on the "defensive", after the Utilities Regulation and Competition Authority (URCA) issued an order prohbiting the use of his assigned radio spectrum. He told Tribune Business he would wait for the communications regulator to take him to court.
End WSC experiment
Progressive Liberal Party (PLP) Leader Philip “Brave” Davis made a valid argument when he chastised the Free National Movement (FNM) government over Water and Sewerage Corporation (WSC) Chair Adrian Gibson’s request to resume WSC’s disconnection exercise during the current COVID-19 pandemic. Gibson’s claim that private customers collectively owe the corporation $9m pales in comparison to the alleged $80m owed by state-run agencies, as per Davis.
BPL needs equipment urgently to avoid outages says union chief
BAHAMAS Power and Light (BPL) is at a "critical stage" and if the company does not get new equipment immediately, the summer will be plagued with power outages, according to President of the Bahamas Electrical Workers Union (BEWU) Paul Maynard.
URCA struggles with early assumption of electricity regulation
The Utilities Regulation and Competition Authority (URCA) has effectively admitted that its “earlier than expected” takeover of energy regulation left it struggling to cope, amid a lack of technical expertise and human resources.
Third Annual St Jude Trike-A-Thon
PROCEEDS from an upcoming event will support ongoing research and the development of cures for deadly childhood diseases.PROCEEDS from an upcoming event will support ongoing research and the development of cures for deadly childhood diseases.
Roadmasters get set to stage 11th Annual Bahamas Half Marathon Race Series
BAHAMAS Roadmasters Running Club (BRRC) is busily making final preparations to stage its 11th Annual Bahamas Half Marathon Race Series, scheduled for Sunday, November 19.
Tourism backs ‘zero tolerance’ for jet ski law violators
The Bahamas Hotel and Tourism Association (BHTA) has pledged its support for efforts to “strictly enforce” watersports industry regulations, and backed a ‘zero tolerance’ approach towards violators.
Scotiabank confirms 50 possible job cuts
Scotiabank (Bahamas) yesterday confirmed that around 50 staff may lose their jobs as a result of its restructuring exercise, which will result in six branch closures and the downsizing of two others.
Wilchcombe: ‘Baha Mar demand key to flights expansion’
NASSAU and Paradise Island still need an additional 100,000-seat increase in airlift capacity within the next three to four months to satisfy the demand for all of the current hotel properties and those set to come on stream according to Tourism Minister Obie Wilchcombe.
Scholarships awarded to allow studies in China
MINISTER of Foreign Affairs and Immigration Fred Mitchell yesterday urged 16 Bahamian students to be “ambassadors for the country” after they were all granted full scholarships by the People’s Republic of China to study or continue studies in China during the 2014-2015 school year.
The Bahamas is not Nassau, says PM as he promises to keep visiting the Family Islands
PRIME Minister Dr Hubert Minnis says he will continue trips to the Family Islands despite Official Opposition criticisms that the visits are being used for political campaigning.
Paying tribute to cultural icons
FOR MORE than four decades, the Nassau Renaissance Singers have been inspiring audiences with classical, traditional and contemporary choral music by many 20th century composers of classical style. This year's concerts, entitled "Music For Christmas", are