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FTX Bahamas creditors given claims extension
FTX’s Bahamian liquidators have told creditors that they will likely have an extra 10-12 weeks until at least end-July to submit proof of what the imploded crypto exchange owes them.
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Bahamian whistleblower survives latest strike-out
A Bahamian whistleblower and his 11,000 e-mail haul this week survived the latest bid by a former Nassau-based broker/dealer’s principal to have them struck out as trial evidence.
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Auto H & L borrowers hit by excess interest
Several thousand Bahamians may have been over-charged interest on loans issued by one of this nation’s largest used car dealers, it was revealed yesterday.
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FRONT PORCH: The delusions of political power
THOSE entranced by political power alternately amuse, frustrate, perplex and infuriate.
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Pintard: Spending watchdog to target multiple concerns
The Opposition’s leader yesterday said Parliament’s spending watchdog is seeking answers to a “range of issues” involving Bahamas Power & Light (BPL), sporting event cost overruns and a $250m IMF loan.
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Tiktok creators could sue over ban
Eight TikTok content creators sued the US government on Tuesday, issuing another challenge to the new federal law that would ban the popular social media platform nationwide if its China-based parent company doesn’t sell its stakes within a year.
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Pintard: PAC examining concerns over how govt spends, manages and processes funds
FREE National Movement leader Michael Pintard says the Public Accounts Committee (PAC) is examining several audits from the Office of the Auditor General under the administration of Prime Minister Philip "Brave" Davis, saying there are overwhelming concerns about how the government spends, manages, and processes funds.
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FACE TO FACE - Paying it forward and creating lasting smiles
DR Welmilya Francis is living proof of how powerful the impressions are that we make on very young children.
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‘One-stop solution’ to BPL woes re-floated
A “quick one-stop solution” for The Bahamas’ energy crisis was yesterday re-floated by a local attorney who argued it could resolve cost, reliability and environmental woes “within months”.
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'Social warrior and source of moral clarity' - Former National Security and Immigration minister Loftus Roker dies at 88
Former Minister of National Security and Immigration, and one of the signatories to The Bahamas Constitution, A. Loftus Roker has died.
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FRONT PORCH: The values and habits we live by
CULTURABLE habits and practices showcase the lived values of a given society. The mouthing of values is not the same as adhering to them. By example, while we adhere to the concept of monogamy in law and in Christian rituals, sociologically, we are a de facto polygamous society.
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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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BPL ‘shambles’: We pay now or pay later
The Bahamas Power & Light (BPL) “shambles” will only get worse the longer critical reforms are delayed, an ex-Chamber chairman is warning, as he added: “We pay now or we pay later.”
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Bahamas targets 2m air arrivals for 2024
The Bahamas is forecasting that foreign air stopover arrivals will break the two million mark for the first time in 2024 after more than 500,000 landed during the year’s first quarter.
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Freeze on $2.288m City Markets HQ buy upheld
The Court of Appeal yesterday upheld an injunction freezing $2.288m that was paid by a BISX-listed food group to acquire the major asset held by the City Markets employee pension fund.
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AG: BPL needs 400MW in new generation plant
Bahamas Power & Light (BPL) needs more than 400 mega watts (MW) of new generation capacity to address a “dire” situation requiring between 60-80 percent of its existing plant to be replaced within five years.
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Transparency ‘lip service’ fear over fiscal watchdog’s limbo
The failure to revive a key fiscal watchdog is “a critical shortcoming of the Government” that raises questions over whether it is paying “lip service” to transparency and accountability, it was argued yesterday.
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‘Most of BPL Plant obsolete in 5 years’
ATTORNEY General Ryan Pinder said 60 per cent of Bahamas Power & Light’s plant in New Providence and 80 per cent of its plants in Family Islands must be replaced in the next five years as engines reach the end of their useful life, a transformation that will cost almost $300m.
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Govt launches project to digitise the public service
THE Ministry of Labour and Public Service, in partnership with the Ministry of Finance and Economic Affairs, launched Cloud Bahamas, a project to digitise the public service and stop relying on paper files.
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‘Explanation owed’ on back dated revisions to BPL debt
The Opposition’s leader yesterday argued that the Government “owes an explanation” for why it has retroactively revised the debt owed by Bahamas Power & Light (BPL) going back almost two years.
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