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This Week in The Bahamas (27 April- 1 May)
May 04, 2015
This Week in The Bahamas (27 April- 1 May)
BEC strategic partner announced
?It is common knowledge that the Government has been seeking a permanent solution to our challenged electrical systems and administration by way of a Request for Proposal (RFP) Process. This solution proposes to create efficiencies which will allow for significant reductions in the cost of energy, increased energy security, environmental responsibility, reliabil...
March 04, 2015
Tax expert: Voluntary compliance will not last forever
In 2013, the United States' (U.S.) Internal Revenue Service (IRS) launched a voluntary reporting program -- the third of its kind -- aimed at encouraging U.S. citizens living abroad to come into compliance with the Foreign Account Tax Compliance Act (FATCA).
March 04, 2015
Tax expert: Voluntary compliance will not last forever
In 2013, the United States' (U.S.) Internal Revenue Service (IRS) launched a voluntary reporting program -- the third of its kind -- aimed at encouraging U.S. citizens living abroad to come into compliance with the Foreign Account Tax Compliance Act (FATCA).
November 01, 2008
Pelican Bay featured resort for 2009 Ice Dancer calendar shoot
Pelican Bay at Lucaya was the featured resort for the Miami Panthers football team's 2009 Ice Dancer calendar shoot October 19 - 22. Videography and stills photography featuring the 17-strong Ice Dancers were shot around the resort and Grand Bahama Island.
Canadian courts go after Porters' Bahamas property
January 14, 2015
Canadian courts go after Porters' Bahamas property
Canadian authorities continue to unearth details and, while none of the allegations have as yet been tested by a court, the role of The Bahamas in what one Montreal police investigator called "the largest corruption fraud in Canadian history" continues to come into sharper focus and raise uncomfortable questions.
Law enforcement authorities have reportedly begun attempting to recover $17.5 million...
Securities Commission launches investigation into AIM and Brown following U.S. complaint
August 11, 2014
Securities Commission launches investigation into AIM and Brown following U.S. complaint
The Securities Commission of The Bahamas (SCB) has launched its own investigation into the activities of local brokerage firm Alliance Investment Management (AIM) to see if it has contravened any local laws, following the issuance of a complaint in the U.S. courts naming the company as complicit in an international fraud scheme.
AIM is a subsidiary of Benchmark (Bahamas), a BISX-listed investment ...
Mario's says it has paid 100K on BEC bill
June 19, 2014
Mario's says it has paid 100K on BEC bill
More than half of Mario's Bowling and Family Entertainment Palace's nearly $200,000 electricity bill was paid yesterday, according to a statement issued by the company.
The statement came two days after The Nassau Guardian revealed that Bahamas Electricity Corporation (BEC) Executive Chairman Leslie Miller and his family-owned businesses -- Sunburst Paints and Mario's -- owed the corporation a tot...
Union: 100K paid in cash
June 20, 2014
Union: 100K paid in cash
Mario's Bowling and Family Entertainment Palace's $100,000 payment to the Bahamas Electricity Corporation (BEC) to bring down its nearly $200,000 balance was made in cash, Bahamas Electrical Workers Union (BEWU) President Paul Maynard claimed yesterday.
This claim directly contradicts a statement made by BEC Executive Chairman Leslie Miller that the payment was made by cashier's check.
Maynard sai...
Miller: Step down for what
June 19, 2014
Miller: Step down for what
Bahamas Electricity Corporation (BEC) Executive Chairman Leslie Miller said yesterday he has no intention of resigning.
Miller said he does not have "time for foolishness" and will continue to focus on the affairs of the corporation.
He was referring to calls made by Bahamas Electrical Workers Union President Paul Maynard and National Congress of Trade Unions of The Bahamas President John Pinder f...
One Hundred Thousand Dollars ($100,000.00) PAID to BEC from Mario's Bowling/Summer Winds Investments Co.
June 18, 2014
One Hundred Thousand Dollars ($100,000.00) PAID to BEC from Mario's Bowling/Summer Winds Investments Co.
Mario?s Bowling & Family Entertainment Palace/Summer Winds Investments Co. Ltd PAID $100,000 to BEC...
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