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PM: Bill’s ‘flexibility’ to end GBPA’s energy regulation

THE Prime Minister yesterday confirmed that the Electricity Bill 2024 provides “the flexibility” to remove the Grand Bahama Port Authority’s (GBPA) ability to regulate the energy sector in Freeport.

Gov’t ‘not begun to repay’ $239m IMF SDRs loan

The Government “has not begun repayment” of the $232.3m in IMF special drawing rights (SDRs) it controversially accessed via the Central Bank as the outstanding “loan” balance grew by $6.18m over 2023.

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.

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.

PI entrepreneur: ‘Brown envelope backs my case’

The Bahamian entrepreneur seeking to restore Paradise Island’s lighthouse presented the Court of Appeal with fresh evidence he asserted proves there was a binding lease agreement with the Government.

Stellar PLP has still more to do

THE iconic Progressive Liberal Party (PLP) will celebrate its half way mark back in elective office within a few short months.

Central Bank exposed to $3m claim on abandoning new HQ

The decision to abandon the Central Bank’s new Royal Victoria Gardens headquarters has exposed the banking regulator to a potential $3m-plus claim from one of the project vendors.

Church owns 60 properties but ‘can’t pay’ $776k award

A Freeport church asserted it would be “totally compromised” if its bank deposits were seized to satisfy a $776,000 judgment despite owning a 60-strong, mortgage-free real estate portfolio.

‘Folly’ to release PwC’s $357m GBPA research

A Cabinet minister yesterday asserted it would be “folly” for the Government to disclose evidence showing how the $357m payment demand issued to the Grand Bahama Port Authority (GBPA) was calculated.

GBPA braces for govt to launch arbitration

THE Grand Bahama Port Authority (GBPA) is bracing for the Government to formally initiate arbitration proceedings as early as this week after talks failed to break the deadlock over the latter’s $357m demand.

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”.

Minister ‘agenda’ against Murphy

RETIRED commissioner of the Bahamas Department of Correctional Services Charles Murphy claimed in court yesterday that National Security Minister Wayne Munroe had a personal agenda against him and failed to adequately explain why he sent him on administrative leave after the 2021 general election.

East GB microgrids set to hire up to 50

Up to 50 workers will be hired for the proposed build-out of five solar microgrids designed to help “ease cost of living concerns” and entice former residents to return to Dorian-ravaged east Grand Bahama.

PETER YOUNG: UK local election results show Tories in trouble

In this week’s column, I should like to comment on politics in Britain where last week local council and mayoral elections were held. These were the last test of public opinion before the next general election. They are, of course, an important part of the working of democracy and require some coverage today, not least because some of the extensive press reporting has been misleading. Some clarification might anyway be useful.

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