FTX Bahamas: Only we can pursue void payouts
FTX's Bahamian liquidators are asserting they may be the only ones "lawfully" able to pursue "material volumes" of client withdrawals that occurred around the time of the exchange's collapse and may thus be deemed void.
Goal!!!!
ActivTrades
Just like the game on the field, the prices of soccer stocks on the stock exchange are often difficult to predict. Because listed clubs are impacted by major events, particularly their on-field success, these stocks are often considered volatile. Sporting success increases the attractiveness of the club for fans and advertising partners, and increases the chance of selling more fan articles.
DEREK SMITH: Uniting to battle modern slavery
In celebration of June 19, an historic date in history that marked the abolition of slavery in Texas, financial crime professionals are grappling with a different but uncomfortably similar problem: Modern day slavery and human trafficking.
Gov't to 'unleash' $200m Water Corp investments
An MP yesterday said the Davis administration is poised to "unleash" the most ambitious capital investment initiative ever by the Water & Sewerage Corporation with $200m earmarked for 80 projects over a five-year period.
Taxi drivers wait on 10% fare increase affirmation
The Bahamas Taxi Cab Union's (BTCU) president says drivers are just waiting on an announcement from the Ministry of Transport and Housing to make their 10 percent fare increase official.
Charities asked: Do you hold any of FTX’s $5.4m?
FTX’s Bahamian liquidators are “liaising” with local charities and non-profits over the collective $5.4m in donations they received from the collapsed crypto exchange to determine if they still hold any of these funds.
‘Not scratched 10%’ of fly fishing potential
The Bahamas has “not even scratched 10 percent” of the fly fishing industry’s economic potential, it was asserted yesterday, amid “urgent” calls for it to rapidly increase guide numbers to “catch up” with rivals.
Andros shipper ‘exceeds every financial projection’
An Andros shipping company, which in summer 2021 was hailed as the largest recipient of financing arranged through the Small Business Development Centre (SBDC), yesterday said it has “beaten every financial projection” since launching.
National debt growth slows as hits $11.5bn
The national debt's growth rate slowed below 1 percent during the three months to end-March 2023 as the total sums owed by The Bahamas to its creditors rose to just under $11.5bn.
FTX Bahamas warns of $143m US DOJ battle
FTX’s Bahamian liquidators say it is increasingly likely they will have to battle the US Justice Department in the courts to recover $143m given that prospects of an amicable resolution have become “more remote”.
Private sector must play its part over education
Today marks the end of another school year. Most educational institutions in The Bahamas would likely describe it as a challenging but successful period. We know, and research bears this out, that quality education systems are those where students, parents, teachers and the administrative system work together in ensuring that no child is left behind.
Andros initiative set to create up to 700 jobs
A former Chamber of Commerce chief executive yesterday said 700-plus jobs are forecast to ultimately be created after Andros' community-based Tourism Cluster Development Programme launches on June 29-30
Just 8% of arable land being used for farming
Just 8 percent of all land allocated for Bahamian farming is presently being used for such purposes, it was revealed yesterday.
Andros resorts target 30 extra employees
Two Andros resorts will be seeking a combined 30 new recruits at a job fair scheduled to be held in the 2023 second half, it was revealed yesterday.
Doctors targets share offering for end-August
Doctors Hospital is targeting end-August 2023 for a share offering that will give more Bahamians an ownership interest in the healthcare provider just as it aims to “near double” pre-COVID’s $60m annual revenues.
