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Bahamian aviation chief’s 3-day FTX jet hand over
A Bahamian aviation entrepreneur and his firm fulfilled their $2m deal with the US Justice Department and FTX’s US chief by handing over the crypto exchange’s second jet within three days of settlement.
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China to fund new hospital
The Government is aiming to “break ground” on New Providence’s new $290m hospital by September 2024 after the project was approved for “concessionary financing” from a Chinese state-owned bank.
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Dolphin rescue not greeted with universal acclaim by all
The five surviving dolphins at an abandoned tourism project off New Providence’s northern coast have been moved to Atlantis - but the rescue has not been met with universal acclaim.
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‘Knew in my bones’ dolphins would become victims at cay
A Bahamian environmental activist yesterday revealed she “knew in my bones” more than a decade ago that the Blackbeard’s Cay project would hit trouble with its dolphins as the main victims.
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Ex-Minister: ‘Nothing to do with’ dead dolphins
An ex-Cabinet minister yesterday blamed US bankruptcy trustees for the plight of Blackbeard’s Cay’s dolphins as he had agreed to care being provided prior to their potential sale.
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‘Give us answers on Freeport plan’
THE Davis administration does not recognise the Freeport Licensees Association, a group seeking to meet Prime Minister Philip “Brave” Davis that criticised his Monday speech to the Grand Bahama Chamber of Commerce for lacking “critical details”.
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Tourism backlash fear over dolphin fatalities
THE Bahamas was yesterday warned it faces a “PR nightmare” and severe tourism backlash unless it saves the five surviving dolphins at an abandoned project off New Providence’s north coast.
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‘Save dolphins after eight die’
‘Living nightmare’ as five more suffer at Blackbeard’s Cay
The Bahamas was yesterday warned it faces a “PR nightmare” and severe tourism backlash unless it saves the five surviving dolphins at an abandoned project off New Providence’s north coast.
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No investor ‘eyebrows raised’ on GBPA fight
The Prime Minister last night said investors with projects worth hundreds of millions of dollars in Grand Bahama have not “even raised an eyebrow” over the Grand Bahama Port Authority (GBPA) dispute.
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Minister targeting new Expo to bring Grand Bahamians home
A Cabinet minister has asserted that Freeport and Grand Bahama’s wider economy are on the rebound as “investor confidence continues to grow” and former residents return home.
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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”.
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ACTIVTRADES: Mixed results in earnings season
The earnings season in the US continued last week and, once again, had its winners and losers. On Friday last week, labour market data in the US came in worse than expected. The US economy created significantly fewer jobs than expected in April, and the unemployment rate rose slightly. In addition, wage growth surprisingly slowed somewhat. And the ISM Index was also disappointing, as the numbers showed on Friday.
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‘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.
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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.
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‘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.
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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.
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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.
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Judge rules on Wells’ LOI - ‘no case to answer’
A FORMER Cabinet minister’s decade-long ordeal over the Stellar Energy letter of intent (LOI) controversy was yesterday halted by the Supreme Court’s verdict that he has no case to answer.
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$100m ‘dream team’ pitched as GBPA confrontation alternative
A LONG-STANDING Freeport licensee yesterday unveiled a $100m investor and management “dream team” alternative to the Government’s “ugly confrontation” with the Grand Bahama Port Authority (GBPA).
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'Death by 1,000 cuts' fear on new Bimini airport fees
Private aviation operators yesterday voiced fears that the industry faces "death by a thousand cuts" amid a furious reaction to the imposition of multiple new fees to pay for Bimini's $80m airport upgrade.
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