Archive | November, 2014

Louis Bacon Ex-Employee – GUILTYof Insider Dealing

Julian Rifat, a former trader at Moore Capital Management LLC who was once named in a list of “Institutional Investors That Matter,” pleaded guilty to insider dealing at a London court today. Rifat, 45, entered a guilty plea to a charge brought by the U.K. Financial Conduct Authority, relating to trading using illegal tips in […]

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Trial to Begin Next Month in Press Secretary Murder

The prime minister’s former press secretary Latore Mackey’s case is one step closer to trial this week. Derek Neily,22, and Kelvin Deveaux,18, appeared in front of Chief Magistrate Joyann Ferguson-Pratt on November 11th where they were informed that their matter had been fast tracked to Supreme Court. The two male’s accused claim they were not […]

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Road Traffic System Inadequate, Says Strachan–Overhaul Of System Expected To Cost Millions

The Road Traffic Department’s (RTD) system at present is “inadequate,” this according to Minister of State for Transport Hope Strachan who gave the Bahama Journal an update on the process towards revolutionising the RTD into a fully automated system. The state minister said that at this stage a proposal is being drafted for Cabinet’s review. […]

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Prison Officer Arrested For Drug Possession

A correctional officer has found himself on the wrong side of the law and could soon be trading in his uniform for an inmate’s suit after being arrested Wednesday for drug possession. Police arrested the 51-year-old officer shortly after he reported for duty. The officers of the Drug Enforcement Unit (DEU) executed a search of […]

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Burnt Body Found in House

Burnt Body Found in House

A family will now have the gruesome task of identifying the charred remains of a man found burnt beyond recognition in a home in the Oakes Field area Thursday morning after police said the house he was in went up in flames. Police are investigating the circumstances surrounding the incident they said happened shortly after […]

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Gov’t To Improve Aviation Sector

The Ministry of Tourism and Bahamasair are seeking to improve airlift in the country via their partnership with the Latin American and Caribbean Air Transport Association (ALTA). Minister of Transport and Aviation Glenys Hanna Martin attended the opening ceremony of the 11th Annual Airline Leaders Forum at the Atlantis yesterday and expressed concerns regarding the […]

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Drug Flow Reduced by 70 Per Cent

Government officials announced yesterday that Operation Bahamas, Turks and Caicos (OPBAT) the multi-agency, international drug interdiction group has, to date, reduced the flow of cocaine through The Bahamas by 70 per cent. While delivering opening remarks at OPBAT award ceremony and “Narcotics Trafficking Trends and Interdiction Efforts in the Caribbean” Roundtable Discussion Thursday Foreign Affairs […]

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BTC To Launch IPTV In Bimini Next Week

Within the next six months a new cell phone provider is expected to enter the country’s mobile market and The Bahamas Telecommunications Company (BTC) is not only upgrading all of its services as it prepares for this new competitive market but it also plans to launch its Internet Protocol Television (IPTV) services as early as […]

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Selection Process for Cellular Bidding Outlined

The Cellular Liberalisation Taskforce is now accepting Request for Proposals (RFP) for anyone wanting to bid for the second license to provide cellular service in the country, but officials said the anticipated competitive process will be done in two phases and will be have some hefty fees attached. The taskforce’s Communications Policy Advisor Michelle Grell-Bereaux […]

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BAIC Continues To Assist Bahamian Entrepreneurs

The Bahamas Agricultural and Industrial Corporation (BAIC) in keeping with its mandate of creating and expanding opportunities for Bahamians to participate in the economic development of the Bahamas, the Corporation highlighted one of its success stories of 2014. Through the corporation’s Business Advisory and Project Planning Division led by SENIOR Manager Lester Stuart, BAIC assisted […]

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