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FTX SPENT $300M ON PROPERTY BUYS: Court documents reveal valuation of real estate spree
A Bahamian realtor yesterday estimated that the collapsed FTX crypto currency exchange spent $250m and “probably more” on acquiring New Providence real estate, adding: “It was great while it lasted.”
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Keys handed over to Pinecrest homes
PRIME Minister Philip “Brave” Davis yesterday presented the keys to new homes in the Pinecrest subdivision to 18 government, private sector and essential workers.
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Timeless Gold
ActivTrades
THE fact that gold prices have been subdued over the past year must be one of the most counterintuitive financial market dynamics of recent times. The precious metal is known as a safe haven, and a hedge against rising inflation. We certainly have had plenty of both recently, so why are gold prices down by more than 15 percent in relation to the yearly maximum reached in March? The answer is relatively straightforward: Blame the US dollar.
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AJ Storr suits up for Red Storm in Big East
FOUR star freshman guard AJ Storr leads a highly touted incoming class expected to propel the St John’s Red Storm back into contention of a competitive Big East Conference.
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Woman, 87, dies at Grand Isle Resort and Residences, Exuma
AN 87-year-old woman died at Grand Isle Resort and Residences in Exuma.
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Bahamas secure hard-fought win over Panama
THE Bahamas men’s national team played with a lot of heart and grit right to the end, securing a hard fought 83-79 victory over Panama in the first of two games at home this weekend as the FIBA Americas World Cup Qualifier continued Friday night at the Kendal Isaacs Gymnasium.
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Gov’t slashes Q1 deficit by $116m
The Government’s fiscal deficit for the 2022-2023 first quarter was slashed by $116m year-over-year, it was revealed yesterday, with its revenues running 4-5 percent ahead of projections.
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Ellis, USC beat BYU
PARADISE ISLAND, Bahamas (AP) — Boogie Ellis scored 21 of his 27 points after the break to help Southern California beat BYU 82-76 in yesterday’s first round of the Battle 4 Atlantis.
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GSSSA finals underway
The CR Walker Knights, Doris Johnson Mystic Marlins, AF Adderley Fighting Tigers and HO Nash Lions all prevailed with game one victories in their respective Government Secondary Schools Sports Association best-of-three baseball and softball championship series. Game two in all series will continue today at the Baillou Hills Sporting Complex.
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UB Mingoes cut down The Mambas 82-65
IF the University of The Bahamas Mingoes season opener is any indication of how strong the team is going to be this season, then the rest of the league should watch out.
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INSIGHT: Murder rate soaring - so what will we do?
I’LL be honest – I don’t really understand what the government’s strategy is when it comes to tackling crime.
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Boxing team heading off
WITH the 27-member team already reduced because of the lack of funding, Bahamas Boxing Federation President Vincent Strachan said he’s confident the remaining 10 boxers will get the opportunity to travel this week to Kissimmee, Florida.
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PM tours GoldWynn site
PRIME Minister Philip “Brave” Davis and other government officials toured the construction site of the multi-million-dollar GoldWynn hotel and residences project on Cable Beach last week to view the development’s progress.
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‘Not out of woods’ despite lowest deficit for 10 years
The Prime Minister yesterday warned Bahamians “we are not yet out of the woods” as he hailed the lowest first quarter fiscal deficit “in more than ten years”.
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VAT’s ‘real’ 15% rise since January’s cut
The Davis administration last night said real VAT revenues increased by 15.1 percent year-over-year following the New Year’s Day rate cut with the deficit for the 2022-2023 fiscal year’s first quarter slashed by $116.4m.
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Taking a chance to grow ideas
“KEYRON, why would you leave your good position and secure job to go work for a non-profit on a family island? You realise they get their money from donations, right!?”
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Former pro boxers Bowe and Pratt celebrate birthdays
FORMER professional boxers David ‘Sugar’ Bowe and Quincy ‘Thrill- A-Minute’ Pratt shared their birthdays together on Thursday before Pratt spent some time in church with his former rival Ray Minus Jr on Sunday.
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Bahamas First ‘could not meet increased demand’
Bahamas First has been unable to meet new property insurance demand that “exceeded our expectations” despite securing additional reinsurance capacity for 2022 in a bid to generate growth.
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Roy Wallace wins men’s title
BAHAMAS TABLE TENNIS FEDERATION’S NATIONAL CHAMPIONSHIPS
ROY Wallace outlasted Amol Pendharkar to win the men’s title of the Bahamas Table Tennis Federation’s National Championships at the AF Adderley Gymnasium on Saturday.
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11,000 received food assistance in October
MORE than 11,000 Bahamians received food assistance from the Ministry of Social Services and Urban Development last month, according to its minister yesterday.
