FTX EXTRADITION UNDER SCRUTINY: Bankman-Fried wants charges dismissed on claim US violated treaty
Sam Bankman-Fried yesterday sought to dismiss multiple fraud, bribery and corruption-related charges stemming from FTX's collapse on the grounds that the US has violated The Bahamas' Extradition Act and treaty.
British Colonial set for partial summer re-open
The Deputy Prime Minister yesterday said downtown Nassau's British Colonial hotel will partially re-open this summer ahead of a full return in November 2023.
Companies registry set to be 'much improved'
The Attorney General yesterday said The Bahamas' new companies registry is ready for testing by the private sector as he promised "a much-improved user experience".
Gov'ts North Abaco port promise is 'insufficient'
The head of an advocacy group pressing for the full commercial opening of North Abaco's port has called for the Government to provide more specifics on plans to outsource its development and operation to a private partner.
Retailers see 'booming' Independence sales
RETAILERS yesterday said business is "booming" as sales of Independence Day-related merchandise accelerate in the run-up to The Bahamas' 50th anniversary celebrations.
'Just one spark' could take Bahamas captive
The Bahamas needs "just one spark" to re-establish itself as a major player in the multi-billion captive insurance industry and help "stabilise the middle class", a local operator is asserting.
'Put money where mouth is' on Abaco's port woes
The Government was yesterday urged to "put your money where your mouth is" and finally address Abaco's port woes, with frustrated residents asserting: "They need to quit promising and start doing."
GB Power grows solar to 10% of energy mix
Grand Bahama Power Company yesterday signed a deal with a FOCOL Holdings subsidiary that will expand renewable energy to 10 percent of its generation mix once initiated.
Fidelity targets $5 with stock split by end-July
Fidelity Bank (Bahamas) top executive has pledged that its long-awaited stock split will occur before its end-July 2023 annual general meeting (AGM) as it targets a share price in the $5 range.
BTC suffers modest Q1 revenue, subscriber fall
The Bahamas Telecommunications Company (BTC) was yesterday revealed to have suffered modest year-over-year declines in both revenues and subscribers, with both largely flat for the 2023 first quarter.
Restaurant crowdfunder targeting $2.4m in sales
A restaurant entrepreneur yesterday said he is targeting $2.4m in total sales for 2023 as he mulls opening a third location on Carmichael Road.
'Protect the asset' focus in $400m UK financing talks
Climate resilient projects to protect critical assets such as the redeveloped Grand Bahama International Airport could be included in the up to $400m financing that The Bahamas is negotiating with a UK government agency.
North Abaco port's $60m need as RFP is readied
A Cabinet minister yesterday said the Government is "moving quickly" to put both Abaco's commercial ports out to bid amid assertions that the northern location needs a $60m upgrade to make it commercially viable.
Six design options for GB's $200m airport
Grand Bahama will be presented with six different design options for its new $200m airport, the winning bidder has revealed, with an announcement on the expected construction start expected "very shortly".
Taxi Cab Union optimistic over ten percent increase in fare
The Bahamas Taxi Cab Union’s president yesterday voiced optimism that the imminent 10 percent fare increase will offset the industry’s “over saturation” after it was revealed that new vehicle loan requests jumped six-fold in late 2022.
