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PM unveils vision for African financial links

THE Prime Minister yesterday unveiled his vision and road map for developing stronger financial ties with Africa via a plan that capitalises on The Bahamas’ long-standing strengths.

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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.

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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.

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PM ‘explores’ GB diamond repository with Botswana

Grand Bahama’s Chamber of Commerce president yesterday said he was unsure what economic benefits will flow from the diamond repository proposal that the Prime Minister discussed with Botswana.

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FTX prosecutors push for tougher sentence

US prosecutors are exploiting the $426m transfer of digital assets to the safekeeping of Bahamian regulators to press for a harsher prison sentence for FTX founder Sam Bankman-Fried.

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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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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.

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‘Desperate need’ to update Securities law

REGULATORS have argued that the main law governing the Bahamian capital markets’ regulatory regime needs to be modernised to account for 13 years of change.

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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.

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PM leads delegation from Bahamas to visit Botswana

FIVE members of the executive branch of government are joining Prime Minister Philip "Brave" Davis as part of a delegation visiting Botswana from today until Friday.

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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.

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Straw Market vendors say credit card fees too high

STRAW Market vendors said trying to embrace credit card machines has had complicated results because of high bank fees and lack of free WiFi.

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New ideas are needed

ActivTrades

The New York Stock Exchange’s recorded losses at an overall high level last Friday. Data from the US industry sectors was poorly received by investors.

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Property tax pace 20% up amid ‘over aggressive’ fear

Real property tax collections are pacing 20 percent ahead of the previous record year, the Government’s top finance official disclosed yesterday, as he predicted it will be “very close” to its full-year deficit target.

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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.

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Video evidence in Kwondrick Lowe’s inquest shows he threw an object seconds before being shot by an officer

SURVEILLANCE footage showed that 18-year-old Kwondrick Lowe threw objects seconds before an officer killed him near Kemp Road in 2023.

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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.

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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.

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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.

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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.

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