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PM: Authorities quiz FTX founder
PRIME Minister Phillip “Brave” Davis said yesterday he was informed that embattled former FTX CEO Sam Bankman-Fried has been interviewed by local authorities as investigations continue into the collapse of the crypto giant.
Bell hoping for amicable resolution over salaries
LABOUR and Immigration Minister Keith Bell yesterday said he is not concerned with the “rhetoric” being spread about union negotiations for public servants’ salary increases, adding he hopes for an “amicable” resolution.
Cruise port grand opening in may, says chief executive
A GRAND opening for the new Nassau Cruise Port will be held in the last week in May following the multi-million-dollar project’s completion, its chief executive officer revealed yesterday.
‘How many taxi plates have been issued?’
FORMER Prime Minister Dr Hubert Minnis has urged Transport and Housing Minister JoBeth Coleby-Davis to disclose the number of taxi plates that have been issued, amid accusations that the law has not been followed regarding the issuing process.
Regulator warned 127 on financial crime compliance
Bahamian regulators issued warnings to 127 law and real estate firms over non-compliance with anti-financial crime mandates while giving this nation’s $306m-plus residential real estate sales a clean bill of health.
‘Season survival’ fears on 50% lobster price plunge
Fears were yesterday voiced that some Bahamian fishermen “may not survive the season” as the industry seeks to “weather the storm” created by lobster tail prices plunging by up to 50 percent.
Gov’ts deficit jumps $75m but below full-year run rate
The Government incurred a $75m October deficit after it was yesterday revealed that monthly spending on goods and services more than doubled to drive a 24.5 percent year-over-year recurrent spending increase.
FTX payout probe urged as US trustee intervenes
FTX’s Bahamian provisional liquidators were yesterday urged to “thoroughly investigate” any payouts to local investors that violated the Supreme Court asset freeze as the US Justice Department moved to intervene in Delaware.
Cruise port targeting 4.5m arrivals in 2024
Nassau Cruise Port’s top executive yesterday predicted that the facility will receive around 4.5m passengers in 2024, representing around a 12.5 percent increase on arrivals projected for the upcoming year.
Child labour policy conventions signed
THE government yesterday signed two conventions concerning progress for persons with disabilities and gender-based violence and also launched one phase of the National Child Labour Policy.
‘Take Back the Night’ event tonight
SURVIVORS of sexual violence will unite today to raise awareness about the “epidemic” of sexual violence in The Bahamas.
US and Bahamas police link up for deportation
A JOINT effort between United States Homeland Security and the Royal Bahamas Police Force has resulted in 34-year-old wanted suspect Derval Anson Cornell Hanna, of Bimini, being arrested and deported.
Countdown to Junkanoo begins as new season is launched
YOUTH, Sports, and Culture Minister Mario Bowleg officially launched the start of the 2022/23 Junkanoo season after a two-year hiatus due to the COVID-19 pandemic.
Month of cultural activities to be held
THE Ministry of Youth, Sports, and Culture in collaboration with the cultural community, has organised a series of activities this month to celebrate the country’s rich cultural heritage.
$4m AML store opening to bring Freeport ‘rebirth’
AML opened the doors to its new $4m Solomon’s food store in the Winn Building yesterday, signalling the long-awaited rebirth of downtown Freeport for many Grand Bahamians.
FTX impact
The full financial, social and political impact of FTX’s collapse is far from being known – in my view. One thing is certain, and that is a multitude of ordinary hardworking folks throughout the world have lost their whole life savings – or a significant portion of it as a result of FTX’s burst bubble.
Sensible plan?
IS government development of housing in a country, especially on New Providence with very little useable real estate left, the policy of this Government and of the past sensible?
Cat Island
This letter is addressed to the attention of our Prime Minister of the Bahamas, also the representative of Cat Island.
Two accused of drugs charges
TWO MEN were charged in a Magistrates Court yesterday on separate drug charges, with one facing a $1,000 fine after admitting to owning a pound of marijuana.
Bail granted in firearm possession case
A MAN was granted $3,000 bail yesterday after allegedly being found by police with a loaded pistol over the summer.
