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FTX prosecutors push for tougher sentence
US prosecutors are exploiting the $426m transfer of digital assets to the safekeeping of Bahamian regulators to press for a harsher prison sentence for FTX founder Sam Bankman-Fried.
Seventh heaven on port's record day
THE Nassau Cruise Port celebrated having seven ships in its harbour yesterday for the first time, with more than 20,000 visitors stopping in New Providence.
‘Cut out of the deal’
FORMER employees of the Lyford Cay Club say that they were “cut out of the deal” struck by the Bahamas Hotel, Catering and Allied Workers Union (BHCAWU) and the Bahamas Hotel and Restaurant Employers Association.
Erosion of our sovereignty
So I’ve been extremely vocal through my podcast and other postings on social media as to my extreme vexation about The Bahamas and the blacklist.
Deltec pleaded Bahamas law breach, poverty over FTX evidence demands
Deltec Bank & Trust pleaded poverty and violations of Bahamian law in a failed bid to block aggrieved former FTX investors from forcing it to provide evidence.
Bahamas Baptist Sports Federation officially launched
OVER the weekend, the Bahamas Baptist Sports Federation was officially launched.
‘Miracle received’: Hotel union hails 11% pay rise
The Government’s top labour official yesterday said “we received that miracle” asked for as the hotel union’s president hailed an 11 percent “across the board” wage increase from the new industrial deal.
Contractor awarded $63,000 in multi-million Palm Cay fight
A major eastern New Providence development has been ordered to pay a former contractor $63,047 after an acrimonious battle involving competing claims over breaches of two multi-million building contracts.
Hotel worker ‘lump sum’ as industrial deal agreed
Hotel union members will receive the “first of two lump sum payments” early next week after a new industrial deal for the sector was agreed last night following days of intense negotiations.
Minister set to intervene on hotel industrial deal
THE minister of labour will today meet with hotel union executives to discuss the latest counter-proposal from resort employees in a bid to break the stalemate over industrial agreement talks.
Hotel industrial deal ‘in need of a miracle’
THE Government’s labour director yesterday said “it’s becoming obvious there now needs to be a miracle” to secure an industrial agreement for the hotel industry after Friday’s talks ended in “stalemate”.
Gov't concern as hotel union on 'work-to-rule'
The hotel union's president last night said he told the Government "to talk" to industry employers as workers went into "full work-to-rule mode" over the impasse in industrial agreement talks.
Pia Glover-Rolle says a ‘peacefull meeting’ will take place with Labour, the hotel union and Atlantis
TOP executives of the Bahamas Hotel Catering and Allied Workers Union (BHCAWU) and Atlantis Resort were scheduled to meet yesterday to try to resolve wage increase issues for employees who fall under the tipping category.
UB staff protest for ‘overdue’ salary review
SEVERAL dozen University of The Bahamas staffers yesterday protested outside of the university as they waited for a long promised salary review.
EDITORIAL: Failing to provide ‘ease of doing business’
IF there is one phrase that The Bahamas continues to fail to live up to, it is “ease of doing business”.
Hotel deal: ‘11th hour impasse’ over minimum wage workers
HOTEL employers yesterday pledged that an “11th hour impasse” will “not derail” their bid to reach a new industrial deal amid accusations they are seeking to “discriminate” against minimum wage staff.
Hotel union protests in wage fight with Atlantis
BAHAMAS Hotel Catering and Allied Workers Union’s (BHCAWU) president Darrin Woods said union members who receive tips are tired of fighting for a pay increase, declaring: “Enough is enough.”
FTX Bahamas: ‘Best deal to avoid asset extinction’
FTX’s Bahamian liquidators are asserting the settlement with their US adversary “represents the best deal” possible given that lengthy legal battles would slash creditor recoveries “possibly to extinction”.
‘Raise the bar’ call on permanent residency
A Bahamian realtor has renewed his call to raise the threshold above which foreign home buyers can qualify for permanent residency to $1m as part of a strategy to “take the strain” off raising taxes.
Union president hopes deal with Graycliff signed today
The hotel union's president yesterday said it hopes to conclude an industrial agreement with Graycliff as early as today, adding: "You can see the finish line but we're not there yet."