Guilty – FTX exec admits illegal campaign donations
THE former co-chief of executive of FTX Digital Markets, Ryan Salame, yesterday pleaded guilty to making tens of millions of dollars in illegal campaign contributions to US politicians and engaging in a criminal conspiracy to operate an unlicenced money transfer business.
Brookfield exploring $2.5bn Atlantis sale
Brookfield Asset Management is looking to offload the Atlantis Paradise Island Resort - with a price tag of $2.5bn attached.
Ministry shift ‘to give Family Islands attention they need’
Clay Sweeting, the newly announced Minister of Works and Family Island Affairs, said the merger of the two ministries will ensure that the Family islands “get the special attention they need”.
Cooper: Fidelity to open Exuma branch ‘shortly’
Deputy Prime Minister Chester Cooper announced that Fidelity Bank will be opening a branch in Exuma “shortly”, bringing relief to some of the island’s banking woes.
Resolution in sight in BPL strike threat
The dispute between the Bahamas Electrical Workers Union (BEWU) and Bahamas Power and Light will be settled within the next few days, Tribune Business has been told.
As gas prices rise, retailers 'can't contain this anymore'
The Bahamas Petroleum Retailers Association's (BPRA) president, Raymond Jones, said production cuts in the Organization of the Petroleum Exporting Countries (OPEC) are behind the rise in prices at the pump, which he said underscores the need for a margin increase for retailers as they “can’t contain this anymore".
Inflation trend ‘positive’ as rate shows minimal change
THE trend for inflation has been hailed as "positive" by a campaigner for good governance.
Downtown car park solution on the cards
A CAR park is being proposed for the Downtown area, according to the Ministry of Tourism, Investment and Aviation (MOTIA).
Advertorial: Why life insurance matters in The Bahamas
Many people in The Bahamas would never think to exclude insuring their most valuable possessions. With a climate that is susceptible to hurricanes, most people’s homes are insured.
DEIDRE BASTIAN: Is artificial intelligence a benefit or a threat?
Artificial Intelligence (AI) is no longer just a buzz word as it has not only become an integral part of our daily lives but has a rapidly growing field of technology that has already made a significant impact on many businesses globally.
Power problems and thefts cause BTC service issues
The Bahamas Telecommunications Company (BTC) released a statement yesterday advising that some Family Island consumers have been experiencing service issues “due to power-related issues and malicious acts”.
Vendors: Solve parking problems if pedestrianisation gets go-ahead
Straw vendors said yesterday that pedestrianising Bay Street must come with a car park and more marketing of the Straw Market.
Strong start on market for Windsor Lakes project
A Western New Providence gated development pegged at $50m has reserved one third of its lots in its first month on the market, with marketing expected to ramp up in the next month.
Abaco hopeful - but some questions over reshuffle
BUSINESSES in Abaco are “encouraged” by new developments and projects slated for the island four years after the devastating Hurricane Dorian, according to Daphne DeGregory Miaoulis, president of the Abaco Chamber of Commerce. She noted that Abaco “remains strong” and holds many opportunities for the local and international market.
Grand Lucayan buyer hopes ‘positive sign for the island’
The Grand Bahama Chamber of Commerce president said it is “great news” that there are three prospective buyers for the Grand Lucyan hotel, saying this is more positive for the island than has previously been revealed.
