Deputy PM: Officials working on Downtown Revitalisation Project
TOURISM Minister Chester Cooper said yesterday officials are working actively on the Downtown Revitalisation Project as developments are on the way and some dilapidated structures have already been demolished.
Bahamas liquidators detect ‘serious fraud’ signs at FTX
FTX’s Bahamian provisional liquidators have yet to gain control of all its assets amid signs that “serious fraud and mismanagement” may have caused the group’s collapse, it has been revealed.
Sebas: $6.4m Abaco dome contract leaves ‘bitter taste’
Sebas Bastian last night said his Brickell Management Group (BMG) had “a bitter taste in our mouth” after losing money on the $6.4m contract to construct 213 dome homes in Abaco post-Hurricane Dorian.
Pintard says minister ‘misled House’ on BPL fuel hedging
The Opposition’s leader yesterday accused a Cabinet minister of “misleading Parliament” after he admitted the Davis administration rejected proposals “that had the potential to save the Bahamian people $100m”.
‘Not out of woods’ despite lowest deficit for 10 years
The Prime Minister yesterday warned Bahamians “we are not yet out of the woods” as he hailed the lowest first quarter fiscal deficit “in more than ten years”.
BTC revenue growth slows to only 1.3%
The Bahamas Telecommunications Company’s (BTC) year-over-year revenue growth slowed to just 1.3 percent year-over-year for the 2022 third quarter even though it remained ahead of prior year comparatives for the first nine months.
Police have not interviewed FTX CEO
POLICE have not interviewed former FTX CEO Sam Bankman-Fried, Commissioner of Police Clayton Fernander said.
GB to host Labour on the Blocks 2.0 job fair
NEARLY 30 companies and over 200 jobs will be available at the Labour on the Blocks 2.0 job fair in Grand Bahama this weekend, said Labour Director Robert Farquharson yesterday.
FTX INVESTIGATION ‘OF HIGHEST ORDER’: PM says effort will be coordinated with authorities in other jurisdictions
AFTER the collapse of FTX, Prime Minister Phillip “Brave” Davis said he has ordered that local investigations be of the highest order and given precedence, adding that investigations will be a coordinated effort with “duly appointed authorities” in other jurisdictions.
DRA report highlights Abaco dome project issues
A COMPANY contracted by the former Minnis administration to construct 213 domes and the needed infrastructure on Abaco in the aftermath of Hurricane Dorian discontinued the project after receiving $4.6m of the total $6.4m required to complete the work, despite only completing about 16 percent of the structures.
PM defends Govt travel spending
PRIME Minister Phillip “Brave” Davis yesterday defended his administration’s travel expenditure for the first quarter of the 2022-23 fiscal year, days after the Ministry of Finance reported a $2.3m increase in government’s travel spending when compared to the same period in the previous fiscal year.
Police can’t confirm if McFarland recently visited
POLICE Commissioner Clayton Fernander said police are working to identify the complaints against Fyre Festival organiser Billy McFarland, adding they cannot confirm if he has returned to the country recently.
Class of 2022 inducted into National Sports Hall of Fame
A GROUP of the country’s sporting icons joined a fraternity of elite company when they were inducted as new members to the National Sports Hall of Fame.
Champions crowned in the BAISS
The Bahamas Association of Independent Secondary Schools decided softball champions in three of its four divisions at the Freedom Farm Baseball Complex last night.
Masks are no longer required in classrooms
MASKS are no longer required in indoor classroom settings, officials announced yesterday.
Memorandum of Understanding signed with the African Export-Import Bank
A MEMORANDUM of understanding was signed between the government and the African Export-Import Bank, allowing The Bahamas to join other Caribbean states in establishing a partnership with the multilateral trade finance institution.
The madness of shrinkflation
I got one of the most significant shocks of my life when I saw a young lady holding a baby standing next to me in a food store aisle, unzip her bag and politely drop two jars of baby food in it, and calmly zip it back up. Then she moved further down the aisle and repeated the same thing with other items.
Two accused of manslaughter over tour boat explosion are acquitted
TWO men accused of manslaughter in the death of a woman in the 2018 tour boat explosion in Exuma were acquitted in the Supreme Court yesterday.
Man charged with Exuma murder
A MAN was sent to prison yesterday after he was charged in connection with the fatal shooting of a man on bail for murder earlier this month.
Trial date set in unlawful sex case
A MAN accused of sexually assaulting a child had his trial date set in the Supreme Court yesterday.
