Pintard: ‘Moment of truth’ on new FTX accusations
The Opposition’s leader last night warned that The Bahamas’ reputation as an international financial and business centre is in danger if the latest FTX claims are not investigated as “a matter of urgency”.
Gov’t may give up ‘bit’ of taxes for gas margin rise
The Bahamas Petroleum Retailers Association’s (BPRA) vice-president yesterday revealed the Government may give up “a bit” of its gasoline tax revenues to facilitate a margin increase for dealers.
$256m FTX properties to ‘hit market within 30 days’
FTX’s $256m Bahamian property empire is set to “hit the market within the next 30 days” after five to seven local realtors were selected to handle their disposal.
FTX properties up for sale in next month
FTX’s $256m Bahamian property empire is set to “hit the market within the next 30 days” after five to seven local realtors were selected to handle their disposal.
Talks to save 20 CIBC jobs ‘look prosperous’
A union leader last night said efforts to secure new jobs for around 20 CIBC Caribbean staff are “looking prosperous” as the bank moves to shutter its Bahamas call centre by next month.
DEPP chief: CEC permit needed ‘no matter what’
The Government’s top environmental official yesterday said a key approval is required “no matter what” amid fears this will “roadblock” $24m worth of Hope Town construction projects.
Minister ‘cautiously optimistic’ over $900m carbon credits
A Cabinet minister yesterday said the Government is “cautiously optimistic” that The Bahamas could earn $900m per year from monetising its seagrass and mangrove carbon sinks.
FTX’s $675k link to govt officials
FTX and its jailed founder, Sam Bankman-Fried, paid $675,000 to “entities affiliated with high-ranking Bahamian government officials and their families”, it was revealed yesterday.
DEPP ‘roadblock’ fear over $24m in projects
More than $24m worth of development and construction projects targeted at Hope Town have been placed on hold due to the creation of a “major roadblock” in the approval and permitting process.
Drop ‘old-style politics’ to improve fiscal credibility
The Government must not “hold its cards close to its chest” if it knows it will miss this year’s $131m fiscal deficit target by a significant margin, a senior Bahamian banker warned yesterday.
‘Dirty power’ danger worsens Superwash’s 47.5% cost hike
Superwash’s principal yesterday asserted that the “dirty power” produced in The Bahamas is just as great a threat to business stability as last year’s 47.5 percent increase in electricity costs.
Prosecutors attack FTX Bahamas chief’s claim to be ‘whistleblower’
US prosecutors have downplayed the whistleblower role performed by FTX’s former Bahamas head in demanding that he be sentenced to up to seven years’ in prison.
Mangrove Cay, Eleuthera hit by weekend BPL woes
Regulators yesterday said they are seeking to gain “a deeper understanding” of what caused Bahamas Power & Light’s (BPL) holiday weekend woes that were not confined just to New Providence.
Gov’t sticks to fiscal target as $215m FDI beats pre-COVID
The Government says foreign direct investment (FDI) inflows are now “substantially” above pre-COVID trends at $215m while sticking to its original target of slashing this year’s fiscal deficit by 75 percent.
Pharmacy sector at odds over medical marijuana
THE body that regulates the Bahamian pharmaceutical industry yesterday appeared at odds with the association that represents its members over how widely the latter was consulted on the marijuana reforms.
