The Bahamian tourism industry has not suffered a “material” reduction in bookings and guests despite now-Hurricane Nicole striking Grand Bahama and Abaco, a senior hotelier said yesterday.
A controversial Austrian developer is demanding an astonishing $3bn-plus in damages and interest from the Government after it blocked his bid to acquire Abaco’s Treasure Cay project.
TREASURE Cay homeowners yesterday warned they “can’t afford” for the development to be “tied up for years” by a $3bn claim against the Government.
FREE National Movement vice-chairman Richard Johnson has taken legal action against party leaders Michael Pintard and Dr Duane Sands after being banned from attending future council meetings, which he claimed violated the party’s constitution.
THE deputy prime minister yesterday said the Government had grown tired of the prospective $100m Grand Lucayan buyer constantly stalling over the deal by repeatedly asking for due diligence extensions.
Extending the Hurricane Dorian tax breaks in their existing form was yesterday branded “a no brainer” by Abaco residents, who argued that to do otherwise would be “pretty heartless” after the latest storm to strike the island.
POLICE are working with the Securities Commission to investigate if any “criminal misconduct occurred” in view of the collapse of FTX, the Royal Bahamas Police Force announced yesterday.
FTX’s Bahamian real estate purchases - which could be worth a collective $300m - were made through a company currently covered by US Chapter 11 bankruptcy proceedings rather than the Bahamian provisional liquidators.
A 73-year-old Grand Bahama man convicted of having unlawful sexual intercourse with an eight-year-old girl was labeled a repeated child sex offender who should serve a prison term of 12 years, a Crown prosecutor submitted to the Supreme Court.
The Opposition’s leader says he will place Bahamas Power & Light’s (BPL) up to 163 percent fuel charge increase before Parliament’s spending watchdog in a bid to uncover how much government “errors” are costing Bahamians.
LOCAL health officials have seen a rise in the number of reported flu cases in the country, with one expert warning Bahamians to stay alert and up to date with their influenza vaccinations before heading into the holiday season.
Baha Mar’s Beijing-owned contractor and major financier were already treating the mega resort project as “state-owned assets” prior to finally ousting Sarkis Izmirlian as the project’s developer.
THE scene on Saturday morning was beautiful to see. Crowds turned out in force to either take part or volunteer to organise the Road to 50 road race.
DEMOCRACY is at stake in the country that proclaims itself as the world’s bastion of democracy.
IN my commentary last week entitled, US Mid-term elections: a defining moment for the World, I pointed out that no less a person than Joseph R Biden Jr, the President of the United States of America, proclaimed that democracy is at stake in his country.
FTX’s 40 Bahamian staff have been left “bewildered and beleaguered” by the speed of the crypto exchange’s collapse, a senior executive says, amid hopes its $74m real estate outlay will prove a key recovery source for local creditors.
THE UNINTENTIONAL IMPACT OF THE COLLAPSE OF FTX
RONALDO, the drop-dead handsome, talented Portuguese footballer, gets $1.6 million per Instagram post, another $800,000+ per Tweet. When he vouches for dandruff-beating Clear shampoo and hair products, enough of his 443 million followers scamper to scoop up bottles off the shelves that he’s worth every penny of the funds he earns as an influencer.
WITH the impending impact of Tropical Storm Nicole on The Bahamas, FIBA and the Bahamas Basketball Federation announced the postponement of the latest window of the World Cup 2023 Americas Qualifiers.
ABACO residents dealt with immense flooding from the late season storm Nicole yesterday, with some experiencing anxiety and others thankful this experience was not as traumatic as Hurricane Dorian.
Standard & Poor’s (S&P) yesterday slashed its 2023 economic growth forecast for The Bahamas to just 1.1 percent despite giving the country a break on repeated annual creditworthiness downgrades.