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Groundbreaking ceremony for FTX headquarters
PRIME Minister Philip “Brave” Davis said FTX Digital Markets’ groundbreaking for its headquarters sent a strong message that The Bahamas is a safe place for international companies to set up shop.
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Man who said he found stolen goods in garbage is acquitted
A MAN who said he was arrested after he was found with stolen goods that he had collected from a garbage can was yesterday acquitted after a magistrate ruled that the Crown failed to prove their case to a “requisite” standard.
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Human rights group ‘appalled’ by decision
LOCAL advocacy group Human Rights Bahamas said it is “appalled” by reports from Abaco that families made homeless by Hurricane Dorian are being “forced back into the street” as the government demolishes domes that were erected as temporary shelters after the monster storm.
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Water Corp selling 44% more thanks to huge loss reduction
The Water and Sewerage Corporation’s general manager yesterday said the utility is selling 44 percent more water than a decade ago despite a 12 percent production fall-off over the same period.
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Walker’s home run, 3 RBIs lead D-Backs past ‘Jazz’ and Marlins 5-4
MIAMI (AP) — Christian Walker had a home run, double and three RBIs, and Arizona Diamondbacks held on to beat the Miami Marlins 5-4 last night.
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Tow truck driver: I did not knock down work colleague
A wheelchair bound tow truck driver denied knocking his colleague down with his vehicle when he was questioned in police custody, a court was told.
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Betting shops new levy scrapped
ECONOMIC Affairs Minister Michael Halkitis said the government will do away with a patron tax on lottery winnings, although the levy was never implemented on gaming houses.
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Retailer’s $10m spend creates up to 70 job
A Bahamian retailer yesterday said its $10m eastern New Providence investment, which has created 60-70 jobs, attracted more consumer traffic than expected during Saturday’s opening.
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The Metaverse
ActivTrades
FACEBOOK recently changed its corporate name to Meta. This is a move that is more than just an attempt to deal with the brand erosion suffered over the last few years, as the controversy surrounding the social network increased due to hard targeting of users and accusations that its algorithms contribute to the polarisation of society through the dissemination of radical views and false information. The choice of name, Meta, hints at the future envisaged by Mark Zuckerberg for the company.
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Central Bank: Investors no longer ‘tepid’ on Gov’t debt
The Government’s domestic debt issues were fully subscribed for the first time in almost three years during the 2022 second quarter, the Central Bank has revealed, arguing that “tepid investor sentiment” has been reversed.
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PM ‘confident’ over bank tax despite blacklist fear
The Prime Minister yesterday voiced “confidence” that changes to commercial bank taxation will not violate existing agreements with the European Union (EU) despite Opposition fears it “could shake the foundation of our credibility”.
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Don’t listen to Chamber
Khrystle Rutherford-Ferguson and her colleagues at the Bahamas Chamber of Commerce can perhaps be excused for pretending to believe that minimum wage rises in The Bahamas are an inflationary, rather than anti-inflationary measure. After all, they are self-evidently an interest group looking to secure their own narrow interests, rather than the general welfare of The Bahamas.
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Sentencing on guns must be addressed
It is almost laughable to read the daily editorials, columnists and social commentators agonising about the need to address the root causes of crime in our country, when we are apparently incapable of treating even the surface symptoms – like the widespread availability of guns.
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IAN FERGUSON: The advantages to buying Bahamian
The Bahamas presently imports more than $5.5bn in goods and services annually. Over 94 percent of our food is imported from the US and our other trading partners. For many years we have lamented these statistics, but have not made significant strides towards changing this reality.
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Retailers report strong start to Christmas sales
Bahamian retailers yesterday disclosed that sales for the industry’s vital Christmas season have gotten off to a strong start despite the global supply chain crisis.
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Retailers finally have something to cheer
“Christmas Eve will tell the tale” for one retailer as this Christmas sales season is certainly better than last year, but it is still not quite at 2019 levels.
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‘We buried hatchet’ over retail closure
Super Value’s principal has revealed he and his family “bit the bullet” in closing their loss-making Harbour Bay housewares retailer, adding: “We were fighting a losing battle so we buried the hatchet.”
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Man gets two years for shopbreaking and stealing
A MAN was sentenced to two years in prison yesterday after admitting to shopbreaking and stealing over $4,000 worth of solar lights and a mechanic’s equipment.
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Don’t allow COVID apathy to ‘strangle economic rebound’
A top hotelier yesterday warned The Bahamas “must not allow apathy” to undermine the COVID fight, while admitting the surge in cases will make the Government “more tentative” over the further restriction easing sought by tourism.
