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Contractor awarded $63,000 in multi-million Palm Cay fight
A major eastern New Providence development has been ordered to pay a former contractor $63,047 after an acrimonious battle involving competing claims over breaches of two multi-million building contracts.
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Harborside staff see 11% industrial deal pay boost
SOME 92 workers at the Harbourside Resort at Atlantis will enjoy an 11 percent pay rise spread over the five-year term of a newly-signed industrial agreement, it was revealed yesterday.
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WORLD VIEW: Caribbean’s role as a voice of reason in a fractured OAS
On May 31, the Organization of American States (OAS) faced a prolonged and contentious debate that lasted from 2:30 in the afternoon until well past midnight. This episode, marked by acrimony and political undercurrents, which was webcast publicly and instantly to the world, is likely to be revisited during the upcoming OAS General Assembly from June 21 to 23 in Washington, D.C., the headquarters of the OAS.
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Atlantis sale to ‘bring stability’
Hotel union president Darrin Woods said Brookfield Asset Management selling the Atlantis Paradise Island resort to a reputable hotel chain would “bring stability,” to the property.
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Commission asset turnover as part of FTX’s settlement
FTX Bahamas’ liquidators have agreed to use “commercially reasonable efforts” to ensure some $426m worth of digital assets held by the Securities Commission are transferred to their US counterparts.
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Freeport hotelier backs Gov’ts push for change
A hotel operator has backed the Government’s Grand Bahama Port Authority (GBPA) stance as evidence of its “commitment to Freeport”, and asked: “When was the last time the Port Authority did a major investment?”
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FACE TO FACE: Fighting for the rights of fathers
Children who have a close relationship with their father are twice more likely to find stable employment or enter college after high school. They are 75 percent less likely to have a teen birth; 80 percent less likely to spend time in jail; and half as likely to experience multiple depression symptoms.
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WORLD VIEW: UN action needed urgently to end Israel-Hamas violence
THE attack by Hamas on civilians in Southern Israel on 7 October 2023 was as stupid as it was cruel, brutal and inhuman.
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Sam Bankman-Fried ‘wants to be heard’ in FTX Bahamas wind-up
FTX’s founder says he “wishes to be heard” at today’s Supreme Court hearing on the winding-up petition intended to place the crypto exchange’s Bahamian subsidiary into full liquidation.
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FTX settlement ‘proves naysayers were wrong’
The FTX settlement shows The Bahamas has “beaten expectations” and “proven the doom and gloom naysayers wrong” over the crypto exchange’s collapse, a well-known businessman argued yesterday.
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‘Happy to be rid’ of ex-Robin Hood site
Compass Point’s last owner is voicing optimism that the sale of the former Robin Hood store on Prince Charles Drive will close before year-end after the property was plagued by vandalism, vagrants and copper theft.
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FTX Bahamas: ‘Best deal to avoid asset extinction’
FTX’s Bahamian liquidators are asserting the settlement with their US adversary “represents the best deal” possible given that lengthy legal battles would slash creditor recoveries “possibly to extinction”.
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Raising ‘Freeport out of the ashes’
The Government and Grand Bahama Port Authority’s (GBPA) owners were yesterday warned the latter’s 3,000 licensees must “have a say” over any changes to its ownership and Freeport’s founding treaty.
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PETER YOUNG: Can new immigration law in Britain ‘stop the boats’?
HAVING written last March about the unveiling by British Prime Minister Rishi Sunak of new proposed legislation to deal with illegal immigration, it seems timely today to revert to the subject now that the Bill has become law.
