SBF’s trading arm, Alameda Research, operated in Bahamas without licence
The private trading entity created by Sam Bankman-Fried, and alleged to have played a key role in FTX’s multi-billion dollar implosion, was based and controlled in The Bahamas despite not being licensed to operate in this jurisdiction.
Supply ‘challenges’ freeze ice supplies
Food stores and gas stations yesterday blamed supplier woes for ice shortages that impacted New Providence amid searing heat over the weekend.
Central Bank 'agrees' on $232m IMF SDR roll-over
The Central Bank has "agreed to roll over" the $232.3m IMF special drawing rights (SDR) financing it provided to the Government as part of the latter's 2023-2024 borrowing plan, it was revealed yesterday.
BPL bills 'like a mortgage'
The Bahamas Society of Engineers (BSE) president yesterday described Bahamas Power & Light (BPL) bills as being “almost like a mortgage now” as households and the private sector struggle to cope with the increased expense.
Further $2m invested to combat pot holes
The Ministry of Works yesterday said it is investing a further $2m to combat pot holes plaguing New Providence's road network after recent heavy rainfall merely worsened the hazards facing motorists.
‘Use renewables’ to solve Andros electricity woes
After a series of problems with power generation, Darin Bethel, president of the North Andros Chamber of Commerce, is challenging the government to look into a long-term energy plan for North Andros that includes an increased use of renewable energy.
‘Is council still active?’ demands Thompson
Kwasi Thompson, Member of Parliament for East Grand Bahama, released a statement yesterday urging the government to provide an update on the Fiscal Responsibility Council and to produce the overdue Fiscal Strategy Reports.
Jitney drivers want fare increase to $2 for adults
Jitney drivers are proposing that fares for adults should go up to $2, but are awaiting the go-ahead from the government.
Gas dealers hopeful despite lack of talks
Petroleum dealers said that the lack of a margin increase does not signify a failure in their negotiations with the government.
Reform Series Conclusion: ‘We are the problem.’
We must confront an uncomfortable truth: we, the people, are the root of the problem. As citizens of The Bahamas, it’s high time we face our shortcomings and acknowledge the urgent need for sweeping reforms across critical sectors of our society.
Supercharge your summer: Tackle inflation with investor loans
As the summer sun blazes, so does the ongoing battle against inflation. Rising prices are causing financial stress for many, but savvy investors are turning to a powerful weapon in their arsenal: investor loans also known as margin loans. This unique financial tool allows you to use your government bonds, shares and other investments as security against a loan. Let’s look at some of the ways you can get ahead by opting for a low interest investor loan.
DEREK SMITH: Linking climate risk, compliance and actuarial science
THIS summer, my compliance intern is an actuarial science major. In several instances, both she and I have been asked, "Why would an actuarial science major choose the area of compliance for their summer internship at an insurance company?"
‘Every little bit helps’ as ship resumes sailings
The Grand Bahama Chamber of Commerce president said “every little bit helps”, as the Margaritaville at Sea resumed sailing to the island from Florida.
Non-stop flights from Miami to Eleuthera to start in 2024
American Airlines announced yesterday they will be offering non-stop flights from Miami to Governor’s Harbour, Eleuthera, beginning next year. The new service will commence on February 3 and offer flights twice a week, on Tuesdays and Saturdays.
$1m lighthouse restoration aims for November finish
The Elbow Reef Lighthouse Society (ERLS) plans to finish the restoration of its historic lighthouse by November.
