Ex-Sky chief blasts 'travesty of justice'
Sky Bahamas principal yesterday slammed as "a travesty of justice" a Supreme Court ruling that ordered the now-defunct airline to pay $220,000 plus interest to the owner of its hangar at Lynden Pindling International Airport (LPIA).
GBPA reforms critical as 'we're at the bottom'
A prominent Freeport attorney is today backing a Government takeover of the Grand Bahama Port Authority (GBPA), telling Tribune Business: "We're at the bottom and haven't moved for 20 years."
Royal Caribbean wants rapid Crown Land lease adjustment
Royal Caribbean says it wants to amend its existing Crown Land lease for Paradise Island as soon as possible to both reflect its reduced footprint and eliminate any possibility of conflict with a Bahamian investor.
'Far from over' on Royal Caribbean PI project
A former Bahamas National Trust (BNT) executive says environmental advocates were able to make "progress" in raising their concerns at last week's hearing on Royal Caribbean's Paradise Island project, adding: "This is far from over."
Famous magician pays $2.2m owed property tax
A world-renowned magician/illusionist paid $2.235m in outstanding real property taxes to the Government within 24 hours of the Chief Justice branding him "evasive" in a verdict that found the monies were owing.
FTX Bahamas liquidators not 'nuked' from reversal
The Bahamas' status as a non-nuclear power did not influence the decision to refuse FTX's local liquidators relief from the worldwide asset freeze imposed by Chapter 11 bankruptcy proceedings, a Delaware judge has asserted.
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
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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.
