Archive | January, 2013

Investor Warns Of Local Scam

A foreign investor is sounding the alarm about the danger The Bahamas’ offshore banking industry could face due to the unscrupulous conduct of an investment institution operating in the country. The investor, who spoke exclusively to the Bahama Journal on the basis of anonymity, claimed that he and his partner had been the victims of […]

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NIB Not Purchasing City Market Building

The Christie administration has changed its mind about purchasing the Bahamas Supermarkets building on the East/West Highway to bail out former City Markets workers. Last week, Long Island MP Loretta Butler-Turner, who is the shadow minister for the National Insurance Board (NIB), raised concerns about the Board seeking to purchase the building. NIB Minister Shane […]

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Man, 35, Shot Dead

The bullet riddled body of a man was found behind a building on Wulff Road and Market Street early yesterday morning. The victim has been identified as 35-year-old Marco Donaldson of Brougham Street. According to police, around 5:30 a.m. yesterday they received reports of gunshots in the area. When officers arrived at the scene, they […]

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BCB Pension Fund Challenged- Urgent Need For Intervention

The Broadcasting Corporation of The Bahamas’ (BCB) Pension Fund is challenged and behind it all, is its 2010 mass downsizing exercise. Wrapping up debate on the Employees Pension Fund Protection Bill in the House of Assembly yesterday, State Minister for Finance Michael Halkitis said the corporation does not have the means to continue funding its […]

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Pension Bill Overwhelmingly Supported

The government’s proposed legislation, the Employees’ Pension Fund Protection Bill, meant to give greater protection to employees’ benefits is receiving overwhelming support in the House of Assembly though some members did raise concerns about the legislation as debate got underway Monday. Members on both sides of the political isle agree that while the Bill is […]

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“Abducted” Woman Now Suspect in Robbery

Police officials have confirmed that the woman, who was believed to have been abducted during an armoured truck heist at a local web shop on Sunday, is now a suspect in that robbery. Officer in charge of the Central Detective Unit (CDU) Superintendent Paul Rolle said investigators have gathered enough information during their preliminary work […]

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Crime Rooted in Society

We have to take another close look at crime, its incidence and what it means for all of us. Things will only get worse as more and more people come to the realization that crime pays — and so as crime pays, some among us will continue to hurt other people, rip them off and […]

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Mid-Year Budget Could Bring Additional Gov’t Borrowing

The upcoming mid-year budget could find the government borrowing even more money. In fact, State Minister of Finance Michael Halkitis yesterday admitted that Parliament has already given the government authorisation to do so, if needed. “If we have to do anything additional, it would be because we have to pay for prior commitments – things […]

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Top Cop On Gambling: Work Cut Out For Us

Police Commissioner Ellison Greenslade says it does not matter how Bahamians vote in this month’s gambling referendum as the police will have their work cut out for them no matter what. “[It doesn’t matter] whether people say ‘no’ or ‘yes’ because the reality is whatever happens we’re going to have to look at how it’s […]

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PM Proclaims January Majority Rule Month

Prime Minister Perry Christie proclaimed January Majority Rule month yesterday. The move came after the Bains Town and Grants Town Advancement Association made that request. January 10 will mark the anniversary of Majority Rule in The Bahamas. In a press statement released by the association, officials said the event is viewed by many Bahamians as […]

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