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FTX Bahamian liquidators eye US legal ‘run rate’ fall
FTX’s Bahamian liquidators are hoping the legal fees “run rate” drops sharply due to the settlement with their US counterpart after incurring an estimated $56m total bill during their first 15 months of work.
IDB: Bahamas Internet costs, speed miss mark
Broadband Internet costs and speeds represent potential barriers to The Bahamas embracing the digital economy and improved competitiveness, a multilateral lender has warned.
African bank eyes $700m investment in Caribbean
The African Export-Import Bank (Afreximbank) is eyeing a $700m investment in the Caribbean as it prepares for its annual general meeting (AGM) that will be held in The Bahamas this June.
Will GB rise to the occasion?
As A Digital Transformation Consultant of Bahamian descent residing overseas, with a keen aspiration to witness the flourishing of my homeland, allow me to commence with the first of several letters. These missives will centre on individuals addressing the promising resurgence of the Bahamian Economy, highlighting the pivotal role of Grand Bahama in this revitalization.
YES Giants national basketball champions
CONGO TOWN, South Andros - It was quite a phenomenal week for the Your Essential Store (YES) Giants as they repeated as the division two champions of the Bahamas Basketball Federation (BBF) National Round Robin Tournament in South Andros just a few days after successfully defending their division two title in the New Providence Basketball Association (NPBA).
Former FTX chief Sam Bankman-Fried jailed for 25 years
Crypto entrepreneur Sam Bankman-Fried was sentenced on Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency.
AJ Storr declares for the NBA Draft
Less than a week removed from an early National Collegiate Athletic Association (NCAA) D1 basketball tournament exit, Wisconsin Badgers guard AJ Storr now has his sights set on the 2024 NBA Draft.
What is real reason for Africa trips?
The press release concerning the joint press conference of Prime Minister Philip Brave Davis and Botswana President Dr Mokgweetsi Masisi on March 18, probably emailed to the local press by either a Bahamas Information Services (BIS) or Office of the Prime Minister (OPM) representative, was a tactical strategy.
Code of conduct signed for taxi and public service drivers
TAXI operators and public service drivers will now be governed by an official Code of Conduct following a signing between the Minister of Energy and Transport JoBeth Coleby-Davis and Bahamas Taxi Cab Union (BTCU) President Wesley Ferguson on Friday.
Discount Distributors Rockets one win away from NPBA title
GAME four of the New Providence Basketball Association (NPBA) Division I Finals will be a crucial one for both the Commonwealth Bank Giants and Discount Distributors Rockets.
Bahamians advance in NCAA March Madness
BAHAMIAN collegiate basketball players and coaches experienced success in the men and women’s brackets of the 2024 National Collegiate Athletic Association (NCAA) March Madness basketball tournament over the weekend.
Deltec’s big damage from FTX investor ‘Gatling gun’
A BAHAMIAN bank and its chairman have blasted aggrieved FTX investors for employing “a Gatling gun approach” that has inflicted “tremendous damage” on their financial services reputation.
Adapt to tourist profile so we ‘blow past’ 2019
Family Island hotels must adapt to a visitor demographic profile that has been flipped upside down over the past decade if they want to “blow past” pre-COVID numbers, a top tourism official is warning.
Bahamian aviation chief in $2m FTX settlement
A Bahamian aviation entrepreneur and his firm have secured a $2m settlement with the US Justice Department and FTX's US chief to resolve the fate of the crypto exchange's two aircraft.
Bahamians conflict on broker’s US client pull
Bahamian executives have given conflicting evidence over whether a local broker/ dealer used marketing deals with day trading schools to circumvent US laws against soliciting American clients.
