LETTER TO THE BUSINESS EDITOR: Freeport can no longer be 'nation within nation'
I would like to weigh in on the issue of whether the Government should “invite” the families that presently own the Grand Bahama Port Authority (GBPA) and related companies to remove themselves and establish a government-controlled GBPA for the future.
Education reform still a 'critical endeavour'
In a rapidly evolving world where information is readily accessible, the ability to think critically has become an indispensable skill.
Bahamas poised for first on NYSE listing
The Bahamas is poised to be the first country to list a “natural asset” on the New York Stock Exchange (NYSE) with "conservative" forecasts that it could generate between $300m-$400m in new revenues from monetising blue carbon credits.
New faces, same story
ActivTrades
The re-elected Turkish president, Recep Tayyip Erdoğan, wanted to calm the markets and settle the Turkish currency crisis with the new finance minister, Mehmet Şimşek. But the plan did not work, and the lira hit a new record low on Friday last week.
UK tells Bahamas: Let’s expand 295% export rise
The UK wants to build on last year's 295.1 percent increase in Bahamian exports and thus cure its "historical commercial underrepresentation" in this nation, its trade chief for Latin America and the Caribbean has revealed.
Cruise giant slashes PI buildings by 24k sq ft
Royal Caribbean has pledged to reduce the size of building structures for its $100m Paradise Island project by a combined 24,000 square feet while "building the least amount of infrastructure as possible".
Developer eyes $5m New Providence move
A Bahamian developer yesterday disclosed it plans to invest up to $5m in developing a 2.3-acre project close to Lake Cunningham that will provide medical services to western New Providence residents.
FTX: $7.7bn owed to Bahamas ‘misleading’
A key financial adviser to FTX's US chief yesterday disputed as "misleading" assertions that some $7.7bn is currently owed to the failed crypto exchange's Bahamian subsidiary.
'Impossible situation' fear on FTX Bahamas wind-up
FTX Bahamas' liquidators yesterday warned they will be placed in "an impossible situation" if they are forced into a "never-ending" legal battle with their US counterparts as operating cash has dwindled to less than $1m.
Cost rises take 30% bite out of AML Foods profits
AML Foods yesterday revealed that increased costs and inflation took a bite out of its annual profits after net income for the 12 months to end-April 2023 declined by 30 percent year-over-year.
$13.4bn flowed through FTX Bahamas accounts
Some $13.4bn flowed through FTX's Bahamas accounts in the ten months immediately prior to the crypto exchange's collapse, its liquidators revealed yesterday, as they sought to dispel allegations it was "a nullity".
Marina chief: Fee rise now 'makes way more sense'
A former Association of The Bahamas Marinas (ABM) president yesterday argued the Government could have allayed fears over major hikes in yacht and boat registration fees if its Budget messaging was better.
Budget not matching transparency pledges
Governance reformers yesterday charged that the Government's promises of enhanced transparency and accountability are not matched by financial allocations in the 2023-2024 Budget.
Moody’s: Govt must broaden revenue
Moody's yesterday asserted that hitting the Government's fiscal targets "rests on broadening the revenue base" as a prominent banker urged the administration: "Stop saying no new taxes."
Ex-PM: 'Grave mistake' on $86m hospital funds
A former prime minister is charging that the Government made "a grave mistake" by returning more than $86m in low-cost financing for Princess Margaret Hospital's (PMH) expansion to the original lender.
