Sarkis loss ‘over $3bn’ if Baha Mar hit targets
Sarkis Izmirlian would so far have “lost more than $3bn” in potential profits alone if the Baha Mar resort from which he was ousted hit his financial projections, an analyst’s report has calculated.
CCA: Sarkis ‘inflaming anti-Chinese sentiment’
Baha Mar’s main contractor has accused Sarkis Izmirlian of “a nakedly xenophobic attempt to inflame anti-Chinese sentiment” while asserting there is “no evidence” it misused $54m to acquire the then-British Colonial Hilton.
FTX shows Bahamas can’t ‘live or die’ by one investor
Governance reformers are arguing that FTX’s implosion further reinforces that there is “no silver bullet to solve our economic growth issues coming out of Dorian and COVID-19”.
Skills transfer woe still a ‘sad reality’
The Bahamas must change “the sad reality” that key skills and knowledge are not being passed on to local workers by expatriate work permit holders, a prominent contractor argued yesterday.
Family Island teachers ‘paid what they’re owed’
ACTING Education Director Dominique Russell said that 19 teachers assigned to the Family Islands who were waiting for financial support and payment received what they were owed yesterday.
New Year tests for students nationwide
EDUCATION Minister Glenys Hanna Martin said she hopes to start the new year by testing students nationwide for any learning loss issues following the pandemic.
‘Be careful at holidays as murder rate soars’
AN activist has called on residents to be careful this holiday season due to the country’s escalating murder count, saying people have stopped valuing the lives of others.
Police probe launched as man ‘jumps from moving vehicle’
POLICE said they are investigating the circumstances surrounding an incident where a man received significant head injuries after he reportedly jumped from a moving vehicle.
PM: No preference on where Bankman-Fried should be tried
PRIME Minister Phillip “Brave” Davis said yesterday that the government has no preference on where disgraced former FTX CEO Sam Bankman-Fried should be tried for his alleged involvement in defrauding customers and investors.
Prison chief: Bankman-Fried ready to leave
ACTING Commissioner of Corrections Doan Cleare said that while former FTX CEO Sam Bankman-Fried is not “uncomfortable” in the Bahamas Department of Correctional Services, he seems ready to leave the country.
Woman knocked down at Paradise Island bridge
A woman was knocked down yesterday in the area of the Paradise Island bridge.
Mitchell hits back over ‘attacks’ on Bahamas over FTX
FOREIGN Affairs Minister Fred Mitchell questioned how “attacking” The Bahamas helps resolve the FTX saga and dismissed claims of the country’s jurisdiction being nontransparent.
UPDATED: Sam Bankman-Fried waives right to fight extradition – FTX founder will go to the US
AFTER a confusing day in court, Sam Bankman-Fried has decided not to fight extradition to the United States, his attorneys announced yesterday.
Warning over severe weather
SEVERE weather is expected in the northwest Bahamas tomorrow due to a passing low-pressure system.
Ground broken on $250m Long Island port
AZUL Destinations broke ground yesterday for the construction of a $250m resort and cruise port for south Long Island.
INSIGHT: Yesterday’s PM in spotlight for wrong reasons
WHEN considering the issues of the day, it’s often easy to look at what is going on with government.
Bran: ‘Don’t abandon’ digital assets on FTX
The Democratic National Alliance’s (DNA) former leader is urging The Bahamas not to “abandon” the digital assets industry in the wake of FTX’s implosion but instead promote the jurisdiction with “even more vigour”.
‘Permit restricted US dollar holdings without approval’
Bahamians should be permitted to hold a limited amount of US dollars in their account without needing Central Bank approval as part of wider reforms to the commercial banking industry, a report has recommended.
BJ Murray III wins Home Run Derby
POWER hitting third baseman Bertram Murray III, coming off an impressive year in the Chicago Cubs minor league baseball organisation, capped off the first All-Bahamian final to become the first home grown player to capture the Don’t Blink Home Run Derby title. In a dramatic showdown as the fifth edition of the event returned from Paradise Island to the Montagu shores, Murray, better known as ‘Deeja,’ out-slugged Trent ‘T-Money’ Deveaux 9-8 in the final of the country’s biggest event that highlighted the majority of the players playing in the minor leagues or in college.
