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April 17, 2024
9 Arrests Made in $14.8 Million Gold Heist At Toronto Airport
CANADA - Nine arrests have been made in connection to last year's $14.77 million gold heist at Toronto Pearson International airport.
Norweigan Cruise Lines proceeding with $150 million two-berth pier project at Great Stirrup Cay
April 10, 2024
Norweigan Cruise Lines proceeding with $150 million two-berth pier project at Great Stirrup Cay
NASSAU, BAHAMAS — Norwegian Cruise Lines (NCL) is moving forward with a significant $150 million investment in a two-berth pier at Great Stirrup Cay in the Berry Islands, with plans to commence construction this summer. Harry Sommer, President/CEO of NCLH, announced this and other developments at the ongoing Sea Trade Cruise Conference in Miami Beach, [...]
April 09, 2024
British Navy Makes $21 Million Drug Seizure Off Martinique
SOUTHERN CARIBBEAN - The British Royal Navy says its warship HMS Trent seized drugs with a street value of 21 point 1 million dollars in two separate blows to drug runners in the Southern Caribbean.
April 08, 2024
Bahamian in New York City among millions to feel earthquake Friday
CHET KINCAID, a Bahamian living in New York City, said he thought he was going to be buried alive in his apartment when an earthquake rocked the Big Apple.
April 08, 2024
'PAY UP': PM claims "very strong case" for $357 million demand from GBPA
NASSAU, BAHAMAS — Asserting that the Grand Bahama Port Authority (GBPA) has not been living up to its legal obligations to develop and grow the economy in Freeport, Prime Minister Philip Davis says that the government has a "very strong case" to demand $357 million - which covers the last five fiscal years. Prime Minister [...]
LENO Successfully Acquires Bank of The Bahamas Trust Portfolio, Increases Assets Under Management to $800+ million
December 11, 2019
LENO Successfully Acquires Bank of The Bahamas Trust Portfolio, Increases Assets Under Management to $800+ million
Leno Corporate Services announced today it has successfully completed the $103 million acquisition of Bank of The Bahamas’ trust portfolio, bringing its total assets under management to over $800 million...
British tycoon and Albany developer Joe Lewis fined $5 million and given three years probation for insider trading
April 05, 2024
British tycoon and Albany developer Joe Lewis fined $5 million and given three years probation for insider trading
NASSAU, BAHAMAS — British billionaire and Albany developer Joe Lewis has avoided prison time after a US judge on Thursday ordered him to pay a $5 million fine and serve three years of probation for pleading guilty to what federal prosecutors described as a yearslong brazen insider trading scheme. Lewis, 87, pleaded guilty in January [...]
April 04, 2024
COVID BLOW: Near $190 million comprehensive loss for NIB in 2020
NASSAU, BAHAMAS — The National Insurance Board reported a total comprehensive loss of nearly $190 million in 2020 according to a report tabled in Parliament on Wednesday. The 2020 annual report, presented by Immigration and National Insurance Minister Alfred Sears, underscored the significant influence of the COVID-19 pandemic on the fund. In 2020, unemployment [...]
First phase of $15 Million Lucayas solar power project on Grand Bahama set for commissioning at month's end
April 04, 2024
First phase of $15 Million Lucayas solar power project on Grand Bahama set for commissioning at month's end
NASSAU, BAHAMAS — Inti Corporation, a Bahamian provider of renewable energy solutions engaged to construct and operate the $15 million Lucayas Solar Power project on Grand Bahama Island, has announced the upcoming commissioning of its Fairfield solar site scheduled for the end of this month. The Fairfield solar site represents the first utility-scale solar or [...]
External reserves see $111 million boost in February
April 03, 2024
External reserves see $111 million boost in February
NASSAU, BAHAMAS — The country's external reserves increased by just over $100 million in February, according to the Central Bank. According to the Central Bank's Monthly Economic and Financial Development report for February, the country's external reserves rose by $111.1 million to reach $2,843.7 million during the review month, extending last year's $105.4 million accretion. [...]
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