FTX chief: I’ll tie US up in Bahamas ‘for years’
FTX’s founder has warned he will use the Bahamian judicial system to block efforts to bring additional fraud, bribery and corruption-related charges against him “for years” by going all the way to the UK-based Privy Council.
Handle downsizing with necessary care
In business, downsizing refers to reducing operating costs and making a company leaner. It is often is described as ‘trimming the fat’. This involves reducing the size of the workforce, closures and making the various units more productive and efficient. The aim of downsizing is to restructure a company in order to make it more competitive. It is a natural progression in terms of its development.
Credit union’s $1m wind-up nears end
More than two-thirds of the cheques representing outstanding funds owed to hundreds of the One Eleuthera Cooperative Credit Union’s (OECCUL) members were signed over the weekend, its liquidator confirmed yesterday.
Minnis: Gov’t eyes app to control expenditure
Former Prime Minister Dr Hubert Minnis blasted the government yesterday for the level of taxation, wasteful spending and lack of fiscal accountability.
‘3,000 find jobs’ thanks to Labour on the Blocks
The Department of Labour’s “Labour on the Blocks” initiative has helped 3,000 Bahamians find jobs, said Minister for Immigration and Labour Keith Bell yesterday.
System could warn over warrants when drivers renew their licenses
THE government is in discussions with Trinidad to implement a road traffic portal that connects a driver’s license and vehicle registration with outstanding warrants and tickets - prohibiting them from renewing until issues are resolved.
Public access for disabled a priority, says minister
Public buildings are being refitted with wheelchair ramps to make them more accessible to disabled members of the public, Minister of Works and Utilities Alfred Sears revealed yesterday.
Superwash chief slams ‘bold faced lie’ on washer tax cuts
A former FNM Cabinet minister yesterday slammed as “a bold faced lie” assertions by the Prime Minister and public service minister that the administration in which he served granted his business beneficial tax breaks.
Gov’t warned: Don’t dictate how private sector invests
The Government cannot appear to be dictating how private companies invest their monies, a well-known banker is warning, following the furore over insurers possibly having to hold a “minimum” 50 percent of assets in public sector securities.
PI Yacht Club ‘redesigns’ proposed 69-unit building
The Paradise Island Yacht Club’s redevelopment is aiming to apply for a construction permit during the 2023 second half provided it can obtain preliminary Town Planning Committee approval following its upcoming public hearing.
Minister pledges Freedom of Information Act roll-out
A Cabinet minister yesterday said some of the proceeds from a $30m Inter-American Development Bank (IDB) loan will be used to finance the phased roll-out of the Freedom of Information Act throughout government.
Bahamas’ ‘consent’ to new FTX chief charges blocked
The Supreme Court yesterday blocked the Bahamas government from - temporarily at least - giving the US permission to bring multiple fraud, bribery and corruption-related charges against embattled FTX founder, Sam Bankman-Fried.
NIB rate rise delay to minimise burden
A Cabinet minister yesterday revealed the Government decided to push the National Insurance Board (NIB) contribution rate increase back to July 1, 2024, to minimise the increased burden that businesses especially will face.
New Abaco bridge gives benefit beyond resilience
The Ministry of Works’ deputy director yesterday said the $5.34m construction of The Bahamas’ longest-ever single span bridge will boost eco-tourism and creek regeneration as well as enhancing climate change resilience.
Minister urges end to pensions anomalies
A Cabinet minister yesterday called pension anomalies impacting Royal Bahamas Defence Force officers to be addressed.
