FTX’s Bahamas properties caught in Chapter 11’s net
FTX’s Bahamian real estate purchases - which could be worth a collective $300m - were made through a company currently covered by US Chapter 11 bankruptcy proceedings rather than the Bahamian provisional liquidators.
Xmas ‘financial cushion’ vital for Bahamian retail
The “make or break” Christmas shopping season will this year be vital for Bahamian merchants to “build a financial cushion” against forecast economic headwinds in 2023, a well-known retailer warned yesterday.
BOB triples value of loan recoveries
Bank of The Bahamas more than tripled the value of recovered loan collateral to $3.5m during its 2022 financial year as a result of intensified focus on reclaiming distressed assets.
$525,000 donation boosts university
LYFORD Cay Foundations donated $525,000 to the University of The Bahamas which will increase scholarship grants to the university, boost study abroad scholarships for students and enhance the college bridging programme.
Minister contradicts press secretary on Village Road completion
DAYS after press secretary Clint Watson announced that work on Village Road should be completed by December 12, Works and Utilities Minister Alfred Sears said paving of the road is actually expected to last through the end of next month, but should be “substantially” completed before the start of the new year.
Residents await decision over extension of SERZ orders
RESIDENTS in Grand Bahama and Abaco are anxiously awaiting government’s decision on the extension of the SERZ order, or a new exigency order since the recent passage of Hurricane Nicole, Kwasi Thompson, member of Parliament for East Grand Bahama, said.
Former AG: Will exists to change sex offences laws
FORMER Attorney General Allyson Maynard Gibson believes that public officials have the political will to actually make changes to sexual offences legislation.
Three-year agreement signed between BCPOU and Bridge Authority
THE Bridge Authority and the Bahamas Communications and Public Officers Union signed a three-year industrial agreement yesterday that includes increased increments and salary scales.
Surveys begin over shanty towns issue
THE GOVERNMENT’S shanty town committee has started surveying several irregular communities in the country as it seeks to crack down on the growing problem, according to Works and Utilities Minister Alfred Sears.
Bridge tolls may go up - but not for cars
THE Bridge Authority yesterday announced a possible toll increase for vehicles with heavy equipment and weight restrictions on the Paradise Island bridges next year pending an assessment on the traffic impact on the structures.
BPSU negotiations ‘to be satisfied this week’
CHIEF labour consultant Bernard Evans said negotiations between the Bahamas Public Service Union will be satisfied by the end of the week.
Munroe left ‘disappointed’ by increased murder tally
NATIONAL Security Minister Wayne Munroe expressed disappointment yesterday in the country’s murder toll which is the highest since 2017, saying “if one person is murdered, I am disappointed.”
DORIAN BREAKS ‘CANNOT GO ON’: Aid for hurricane-hit areas costing treasury purse ‘$50m a year’
The Ministry of Finance’s top official last night warned that Dorian-related tax breaks “cannot go on indefinitely” in their present form as they are costing the Public Treasury “probably $40m-$50m per annum or higher”.
Protect our children
“WE owe our children, the most vulnerable in our society, a life free of violence and fear.” — Nelson Mandela.
Stadium ‘baseball ready’
Although there is still some more cosmetic work to be done, architect and project manager Michael Foster said the newly constructed Andre Rodgers National Baseball Stadium will be “baseball ready” for the fourth Caribbean Baseball Cup.
Garvin Tynes and Palmdale Primary book their tickets to girls’ softball title game
GARVIN Tynes and Palmdale Primary have booked their tickets to the girls’ softball championship game for the New Providence Public Primary School Sports Association as they wrapped up the preliminary rounds yesterday at the Baillou Hills Sporting Complex.
Tanks ordered to solve Eleuthera’s water woe
A Cabinet minister yesterday said the Government has ordered two one-million gallon water storage tanks for central Eleuthera to ease ongoing supply shortages and disruption.
Why did women’s national basketball team not travel?
WHO is responsible for the financial fiasco that forced the Bahamas Basketball Federation to leave the women’s national basketball team home, instead of travelling last week to compete in the Centrobasket Tournament.
Miller receives two international appointments
NEWLY minted National Hall of Famer Wellington Miller continues to be recognised for his leadership role, having been re-appointed to serve on two prestigious international sports boards.
National health care system plan
FROM the very early days of the late great and deeply lamented Sir Lynden Oscar Pindling, The Bahamas has been debating and talking about a National Health Care system, as nauseum.
