Fears FTX ‘a game changer’ for financial services sector
FTX could be “a game changer” for the Bahamian financial services industry’s growth prospects, a well-known businessman warned yesterday, with the country facing “severe attack” over its implosion.
‘Learn from FTX collapse’
THE collapse of FTX serves as a crucial learning lesson and an opportunity to fight for the reputation of the country, according to representatives of the Organization for Responsible Governance.
BPL to end deal covering 50% of Nassau electricity
Bahamas Power & Light (BPL) is ending a deal that supplies around 50 percent of New Providence’s base load electricity generation despite concerns its own staff are not trained to operate the engines involved.
$800m South Abaco agreement signed
THE government signed a heads of agreement yesterday for the Kakona South Abaco Development worth over $800m.
Bid for bail by lawyers for FTX’s founder
LAWYERS for former FTX CEO Sam Bankman-Fried have filed a bail application in the Supreme Court, after the disgraced businessman was sent to prison on Tuesday.
Man gunned down as he arrives at home
A MAN was shot dead shortly after he arrived at a home in eastern New Providence yesterday.
JEAN RONY WINS AT PRIVY COUNCIL: Case over detention and repatriation back to Supreme Court
THE Judicial Committee of the Privy Council has awarded Bahamas-born Jean Rony Jean-Charles the right to have his case returned to the Supreme Court for consideration of an application of constitutional aid over his detention and repatriation from the country more than five years ago.
Xavion gets warm welcome home
WHILE Xavion Johnson continues to make a name for himself on the international judo scene, he’s not forgotten by the Bahamas Judo Federation for his achievements.
Price Control is government intervention
I see why Government had no alternative to pass legislation to enforce the recent amendments to the Price Control regime - the existing law allows for a required approval if the merchant applies if his first cost has increased – a change cannot be refused, the Minister has to sign approval. We all know prices across the board have increased.
Man accused of housebreaking
A MAN was sent to prison yesterday in connection with a housebreaking in Andros last month.
Bahamian sport honours
Lately, there have been numerous conversations in the press and elsewhere with regards to persons being awarded the Hall of Fame designation, and some being additionally included in the Legends Walk. In my opinion, all the inductees are deserving, some more than others. However, I am immensely surprised and somewhat shocked at some obvious omissions, or delays as I am now being advised.
FTX & insider trading
I believe that we first heard that FTX computers had been hacked. Then we heard that the Bahamas Government took custody of some of the FTX Assets and that was refined down to the Securities Commission had put them in Cold Storage for safe keeping.
Smashing up ex’s car brings probation order
A WOMAN was placed on three months’ probation in court yesterday after admitting to smashing her former boyfriend’s car and other belongings after she found he was cheating on her.
Bail granted in car attack case
A MAN accused of hitting a woman with his car was granted bail in Magistrate’s Court yesterday.
It’s gameday
After losing to Ohio in their initial appearance here in 2017, interim head coach Bryant Vincent said there’s still no better place for his University of Alabama at Birmingham Blazers men’s football team to be than here at the HomeTown Lenders Bahamas Bowl.
NPPPSSA honours Lynch and Stubbs
IN the spirit of the holiday season, the New Providence Public Primary Schools Sports Association found themselves on the giving and receiving end of gifts during their year-ending celebrations on Wednesday at Claridge Primary School.
Andrew Munnings returns home from training in Japan
AFTER returning home from a two-month training session in Osaka, Japan, top Bahamian male judoka Andrew Munnings said he’s so pleased with his performance that he definitely feels that he will be able to compete at a higher level in the future.
Don’t suffer Xmas hangover through financial indiscipline
The holiday season is almost upon us, and while Christmas is a wonderful opportunity to spend time with friends and family, it is also an occasion when a person’s “jolly spending” can create financial hardships for months to follow.
Arawak Cay vendors hit by gate’s closure
Arawak Cay vendors yesterday said the closure of the venue’s eastern gate entrance is creating a “turn off” for visitors to the Fish Fry and a drop in their income.
Investment fund bill to boost gov’t returns
The Attorney General yesterday hailed the National Investment Funds Bill (IFB) for providing a structure that will allow the Government’s ownership interests in private companies to be professionally managed.
