RF: ‘No impact’ from core software dispute
RF Bank & Trust yesterday asserted that a dispute with its core software provider will “not in any way impact customer funds or overall operations” as it bids to resolve their differences.
FTX’s Salame hands $200m Albany home to liquidators
THE head of FTX’s Bahamian subsidiary is handing over his Albany home to local liquidators to ensure the recovery of “more than $200m” from selling-off the crypto exchange’s real estate is not endangered.
Judge rules on Wells’ LOI - ‘no case to answer’
A FORMER Cabinet minister’s decade-long ordeal over the Stellar Energy letter of intent (LOI) controversy was yesterday halted by the Supreme Court’s verdict that he has no case to answer.
'Horrendous' surge in contractor walk-aways
The Bahamian Contractors Association's (BCA) president yesterday revealed there has been "an horrendous" increase in complaints over the past 12-18 months about contractors abandoning clients.
Bahamas First 'changes' after 63% profits decline
Bahamas First's executive chairman has pledged to make "strategic changes" after the insurer's 2023 full-year profit slumped by 63.1 percent due primarily to "ongoing issues" with its Cayman health business.
Starlink's arrival coincides with record Internet users increase
Fixed broadband Internet subscribers enjoyed their highest-ever year-over-year increase in 2023 to coincide with the market entrance of Elon Musk's Starlink service, it was revealed yesterday.
East GB microgrids set to hire up to 50
Up to 50 workers will be hired for the proposed build-out of five solar microgrids designed to help “ease cost of living concerns” and entice former residents to return to Dorian-ravaged east Grand Bahama.
$100m ‘dream team’ pitched as GBPA confrontation alternative
A LONG-STANDING Freeport licensee yesterday unveiled a $100m investor and management “dream team” alternative to the Government’s “ugly confrontation” with the Grand Bahama Port Authority (GBPA).
Minister urges private sector aid for ‘country-changing’ initiative
A Cabinet minister last night urged the private sector to participate in the National Apprenticeship Programme and improve workforce skills levels.
Commonwealth hails $63.5m profit amid 91% claw back fall
COMMONWEALTH Bank yesterday hailed its “second most profitable” year-ever through $63.5m in net income that was generated despite a near-91 percent drop on COVID loss provision write-backs.
GBPA braces for govt to launch arbitration
THE Grand Bahama Port Authority (GBPA) is bracing for the Government to formally initiate arbitration proceedings as early as this week after talks failed to break the deadlock over the latter’s $357m demand.
Mitchell demands halt to cemetery’s appeal
A CABINET minister was yesterday revealed to have intervened on behalf of his constituents over a planning appeal involving a proposed 13-acre Bernard Road cemetery that is heavily opposed.
PM: Bill’s ‘flexibility’ to end GBPA’s energy regulation
THE Prime Minister yesterday confirmed that the Electricity Bill 2024 provides “the flexibility” to remove the Grand Bahama Port Authority’s (GBPA) ability to regulate the energy sector in Freeport.
Opposition leader fears Bill ‘guts URCA’s BPL oversight’
THE Opposition’s leader yesterday accused the Government of “gutting URCA’s oversight” with planned energy regulation reforms that the Prime Minister said could lead to BPL’s break-up.
Sarkis wins bid to take Baha Mar fraud claim to trial
SARKIS Izmirlian’s $2.25bn fraud and breach of contract claim against Baha Mar’s Chinese contractor was yesterday cleared to proceed to full trial before a New York court this August.
