The current economic model of The Bahamas has been described as “unsustainable” by Dr Daniel Johnson, Minister of Youth, Sports and Culture.
US government representatives have told the Bahamas government that it must drop “all duties” on US products entering the country as a condition of being admitted to membership of the World Trade Organisation (WTO).
Crime Pays! Drugs, gun running, human trafficking and money laundering are upon as viable industries in many Caribbean countries. This is undermining national security. and needs to stop.
It’s unfortunate that films like Crossbones and Black Sails are not being shot in the Bahamas, because Nassau was actually the geographical centre of the golden age of piracy.
An accomplice of the illegal numbers racketeers admits that web shop kingpins have issued over $100 million in illegal mortgages, jeopardizing the commercial banking industry.
Sol Kerzner passes the torch as the Investment Corporation of Dubai purchased a “significant equity interest” in Kerzner International Holdings Limited from the Kerzner family.
Free National Movement (FNM) Chairman Darron Cash said yesterday that Prime Minister Perry Christie should be held responsible for the Bank of The Bahamas’ (BOB) financial loss in 2013.
Just a few weeks ago, Paul McWeeney, Managing Director at Bank of The Bahamas, threatened to sue the PUNCH newspaper for reporting that the bank was in serious financial trouble. Turns out the paper was right.
The joint liquidators for Owen Bethel’s insolvent Montaque Capital Partners currently possess just $196,238 in liquid assets to cover total creditor claims of $17.5 million, it has been revealed.