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Fraudulent transactions drop in value by $15.4m

Fraudulent Bahamian financial transactions decreased in value by 72.6 percent to a collective $5.8m in 2023, the Central Bank revealed yesterday, with the frequency of such crimes also dropping sharply.

Gov’t ‘not begun to repay’ $239m IMF SDRs loan

The Government “has not begun repayment” of the $232.3m in IMF special drawing rights (SDRs) it controversially accessed via the Central Bank as the outstanding “loan” balance grew by $6.18m over 2023.

PM: Break ‘scare tactics’ to hold GBPA accountable

The Prime Minister last night urged the private sector to break free of the “scare tactics” employed whenever the Government demands the Grand Bahama Port Authority (GBPA) “live up to its obligations”.

Central Bank exposed to $3m claim on abandoning new HQ

The decision to abandon the Central Bank’s new Royal Victoria Gardens headquarters has exposed the banking regulator to a potential $3m-plus claim from one of the project vendors.

GB Power on Electricity Bill: ‘We read about it in papers’

Grand Bahama’s electricity provider yesterday revealed it was never consulted on key energy reforms passed by the House of Assembly last week and had to learn about them “in the papers”.

BAMSI suffers loss of 40 percent of livestock in recent Andros fires

BAHAMAS Agriculture and Marine Science Institute (BAMSI) president Dr Raveenia Roberts-Hanna said BAMSI’s loss of 40 per cent of livestock pasture due to a fire last month did not greatly affect operations on the island.

Mitchell warns of ‘tit for tat’ shootings

FOX Hill MP Fred Mitchell said Commissioner of Police Clayton Fernander warned him that his constituency could see “tit-for-tat” shootings after a man police said was a major player in a gang was murdered yesterday.

Gibson ‘wanted to burst ex’s brain’

LONG Island MP Adrian Gibson allegedly said in text messages that he sometimes wanted “to burst” his ex-fiance’s brain and that she screwed him over by “blaming” him.

NEXT STOP PARIS: Mixed relay team qualifies for Olympics

A new national record that was powered by a stunning second leg from 16-year-old rookie Shania Adderley helped to propel The Bahamas mixed 4 x 400 metre team to the 2024 Paris Olympics.

Chamber targets education over Business Licence woe

The Chamber of Commerce’s vice-chairman says it wants to work with the Government to better educate the private sector and avoid the delays that plagued this year’s Business Licence filings

‘Priority’ to strike cruise port balance for taxis

A Cabinet minister says it is a “priority” to find the correct “balance” between taxi drivers and the Nassau Cruise Port to ensure it is “fair and just” for all parties.

Minister: We’ll leave taxi sector in ‘better condition’

A Cabinet minister has pledged the Davis administration will leave the taxi industry in “better condition” than it found it with the new driver code of conduct not designed just to “reprimand”.

FTX chief’s Albany handover to preserve $200m recovery

The head of FTX’s Bahamian subsidiary is handing over his Albany home to local liquidators to ensure the recovery of “more than $200m” from selling-off the crypto exchange’s real estate is not endangered.

‘Fantastic opportunity’ given Bahamas in UK tax change

Realtors yesterday argued The Bahamas has “a fantastic opportunity” to exploit changes in UK tax law by attracting hundreds of ultra wealthy individuals and their families to domicile in this nation.

PM told: Wear ‘game hat’ for GB business meeting

The Prime Minister is being urged to wear his “game hat” for tonight’s Freeport meeting with a business community eager to learn how the $357m demand of the Grand Bahama Port Authority was calculated.

RF: ‘No impact’ from core software dispute

RF Bank & Trust yesterday asserted that a dispute with its core software provider will “not in any way impact customer funds or overall operations” as it bids to resolve their differences.

FTX’s Salame hands $200m Albany home to liquidators

THE head of FTX’s Bahamian subsidiary is handing over his Albany home to local liquidators to ensure the recovery of “more than $200m” from selling-off the crypto exchange’s real estate is not endangered.

Davis govt ‘vindicated’ as stadium ‘sold out’ for World Relays

YOUTH, Sport and Culture Minister Mario Bowleg said the World Relays over the weekend vindicated the Davis administration’s decision to renew The Bahamas’ commitment to the event.

If BPL deal is good, why the secrecy?

HAS the PLP got cold feet all of a sudden over its plans for Bahamas Power and Light?

North Andros teachers and parents sign petition over concerns

Bahamas of Union of Teachers Belinda Wilson is calling on the Ministry of Education to address concerns outlined in a petition signed by teachers and parents in North Andros.

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