Latest Bahamas News
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Rahming Heightened awareness helping reduce fraud
Increased awareness of issues related to fraud by local businesses is contributing to a decrease in instances of the crime, according to a local expert. Edmund Rahming, former president of the Association of Certified Fraud Examiners (ACFE) Bahamas chapter, told Guardian Business that small- and medium-sized enterprises (SMEs) have been reaching out to fraud specialists in the country, which in ...
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Cassius Moss inspired resurgence of sloop sailing
Edon Moss is one of those enterprising natives of Acklins. It seems many who came from out of the bosom of Acklins have been synonymous with proactivity. They are inclined to take charge of situations. There is this flourish that they exude. For some observers, the characteristic is too extravagant. What can't be legitimately argued against however is their ability to attract attention. In ...
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BCCEC elections bring new faces
The Bahamas Chamber of Commerce and Employer's Confederation (BCCEC) has introduced its latest leadership team following the confederation's recent annual general meeting and election of officers. "The voice and an effective Chamber of Commerce is critical to balanced and sustainable national development. We will continue the mandates we started in our first term of small and ...
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Fitch Releases Report on Nassau County NY
Fitch: Spanish Floor Clause Ruling May Reduce Excess Spread A recent Spanish Supreme Court ruling could cause lenders to stop applying floor clauses that set minimum interest rates in mortgage contracts, and so reduce excess spread in Spanish RMBS transactions, Fitch Ratings says. The presence of interest rate floors in mortgage contracts has bolstered excess spread during the recent period of ...
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BTC lodges complaint with URCA against Cable Bahamas
Scieska AdderleyGuardian Business Reporterscieska@nasguard.comThe Bahamas Telecommunications Company (BTC) has lodged a complaint with the Utilities Regulation & Competition Authority (URCA) against Cable Bahamas Limited (CBL), claiming that the firm did not air BTC television ads while contracted to do so from June 15, 2012 through June 14, 2013.BTC has filed a dispute report with URCA ...
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Minnis slams govt on crime economy
Opposition Leader Dr. Hubert Minnis said yesterday the 2013/2014 budget fails to sufficiently address two key priorities: reducing crime and growing the economy. "The Bahamas is meandering, while taking on water and sailing in the heavy seas of crime, joblessness, bloated public finances, increased government borrowing and erratic, inflammatory and reactionary immigration policies and a ...
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Contract workers demand pay from BTC
Unpaid sub-contracted workers of Bahamas Telecommunications Company wait at the parking lot of the company's John F. Kennedy Drive headquarters yesterday seeking payment. TORRELL GLINTON TNG ...
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Policeman says he saw Stephen Stubbs stash gun
A policeman yesterday claimed that he saw Stephen Stubbs put a .45 caliber pistol under a car in the parking lot of Club Rock Disco on West Bay Street. Stubbs, Andrew Davis and Clinton Evans are on trial before Justice Roy Jones for the murder of DC Jimmy Ambrose and the attempted murder of Constable Marcian Scott at the club on March 29, 1999. They have denied the allegations. Constable ...
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Lawyer says legal action looms in St. John’s feud
An attorney representing scores of parents whose children attended St. John's College said yesterday she would file legal action against the school as early as this week if the Anglican Central Education Authority (ACEA) does not reverse its decision to cancel the graduation ceremony and prom. Graduation was scheduled for this morning. The ACEA has said it canceled the school's prom ...
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Officials to address cruise industry’s crime concern
The Ministry of Tourism, the police and major cruise lines are working on a white paper on crime that will specifically address how to prevent crime in tourist areas, Minister of Tourism Obie Wilchcombe said. This comes after several cruise lines that visit The Bahamas began issuing crime warnings to their passengers. The proposed white paper was discussed during a meeting attended by police, ...
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$20m more for Bahamasair
The government has allocated $20 million to Bahamasair in the upcoming fiscal year, Deputy Prime Minister Philip Brave Davis said yesterday. "Bahamasair holdings continues to suffer from high labor costs and an aging fleet, escalating fuel costs and a commitment to unprofitable domestic [routes]," Davis said during his contribution to debate of the 2013/2014 budget in the House of ...
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Man charged with June 9 murder
Police have charged a man with the murder of Sidney Brown, who was murdered earlier this month. Shadrach Gibson, 18, of Johnson Alley, is accused of the fatal stabbing of Brown on June 9. Brown was found stabbed to death on a sidewalk near Jerome Avenue and Wulff Road. Gibson was not required to enter a plea to the charge at his arraignment before Chief Magistrate Roger Gomez yesterday. He ...
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Indonesia may decide this week on Freeport mine resumption - minister
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Bahamas Digest
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Baha Mar integral to Bahamas long-term tourism plans
The Bahamas is already a major tourist destination in the Caribbean, but the financial crisis has reduced tourist numbers worldwide, creating a situation in which The Bahamas now have to compete globally for tourists. The Baha Mar resort, slated as a first-of-its-kind in the Caribbean hotel complex, may help it to do this.
The building of the Baha Mar resort on Cable Beach in Nassau has been seen by industry leaders across the Bahamas as a major investment in the future of the economy and tourism, which makes up a significant portion of the Bahamas’ GDP. It is a huge resort, costing $2.6 billion (by 2008 estimates), and will occupy an area of over 1000 acres. Read more
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