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Discount Distributors Rockets one win away from NPBA title

GAME four of the New Providence Basketball Association (NPBA) Division I Finals will be a crucial one for both the Commonwealth Bank Giants and Discount Distributors Rockets.

African bank eyes $700m investment in Caribbean

The African Export-Import Bank (Afreximbank) is eyeing a $700m investment in the Caribbean as it prepares for its annual general meeting (AGM) that will be held in The Bahamas this June.

Adapt to tourist profile so we ‘blow past’ 2019

Family Island hotels must adapt to a visitor demographic profile that has been flipped upside down over the past decade if they want to “blow past” pre-COVID numbers, a top tourism official is warning.

Deltec’s big damage from FTX investor ‘Gatling gun’

A BAHAMIAN bank and its chairman have blasted aggrieved FTX investors for employing “a Gatling gun approach” that has inflicted “tremendous damage” on their financial services reputation.

Code of conduct signed for taxi and public service drivers

TAXI operators and public service drivers will now be governed by an official Code of Conduct following a signing between the Minister of Energy and Transport JoBeth Coleby-Davis and Bahamas Taxi Cab Union (BTCU) President Wesley Ferguson on Friday.

FTX Bahamian liquidators eye US legal ‘run rate’ fall

FTX’s Bahamian liquidators are hoping the legal fees “run rate” drops sharply due to the settlement with their US counterpart after incurring an estimated $56m total bill during their first 15 months of work.

Former FTX chief Sam Bankman-Fried jailed for 25 years

Crypto entrepreneur Sam Bankman-Fried was sentenced on Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency.

AJ Storr declares for the NBA Draft

Less than a week removed from an early National Collegiate Athletic Association (NCAA) D1 basketball tournament exit, Wisconsin Badgers guard AJ Storr now has his sights set on the 2024 NBA Draft.

Bahamians conflict on broker’s US client pull

Bahamian executives have given conflicting evidence over whether a local broker/ dealer used marketing deals with day trading schools to circumvent US laws against soliciting American clients.

Bahamian aviation chief in $2m FTX settlement

A Bahamian aviation entrepreneur and his firm have secured a $2m settlement with the US Justice Department and FTX's US chief to resolve the fate of the crypto exchange's two aircraft.

IDB: Bahamas Internet costs, speed miss mark

Broadband Internet costs and speeds represent potential barriers to The Bahamas embracing the digital economy and improved competitiveness, a multilateral lender has warned.

Bahamians advance in NCAA March Madness

BAHAMIAN collegiate basketball players and coaches experienced success in the men and women’s brackets of the 2024 National Collegiate Athletic Association (NCAA) March Madness basketball tournament over the weekend.

What is real reason for Africa trips?

The press release concerning the joint press conference of Prime Minister Philip Brave Davis and Botswana President Dr Mokgweetsi Masisi on March 18, probably emailed to the local press by either a Bahamas Information Services (BIS) or Office of the Prime Minister (OPM) representative, was a tactical strategy.

‘Specialist skills dearth’ hurts financial services

A “DEARTH of specialist skills” in the legal and other professions is undermining the Bahamian financial services industry’s competitiveness, a prominent KC warned yesterday.

BPL rates ‘among the highest’ consumers pay in the region

Bahamians are paying “among the highest” electricity prices in the Caribbean even though the base rate is set “below cost” with tariff charges said to be double the global average.

50% fear or pay bribes for building and import permits

Fifty percent of Bahamian companies seeking construction and import-related permits say they have either been asked, or expect, to pay a bribe to obtain the required approvals, it has been revealed.

KEITH ROYE II: Blockchain emerges as security game changer

In the ever-evolving landscape of technology, one innovation has been making waves across industries, promising to transform the way we conduct business and secure our digital transactions. Blockchain, the groundbreaking technology behind crypto currencies such as Bitcoin, has emerged as a game changer with the potential to revolutionise business transactions and enhance cyber security.

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