Workplace dispute stirs at Pharmachem
A workplace dispute is brewing at a Freeport manufacturer over assertions that plans to implement a 12-hour shift system could put impacted staff “at risk” and amount to a “unilateral variation” of their employment terms.
Don’t let FTX woe ‘arm enemies’ of Bahamas
The Opposition’s leader yesterday warned that the Government’s silence over the FTX crypto exchange’s implosion could “arm enemies of The Bahamas” with ammunition to inflict more damage on its financial services industry.
FTX implosion threatens perfect ‘40 of 40’ in financial crime fight
The Bahamas’ bid to achieve full compliance with all global anti-financial crime standards before year-end may have been endangered by the implosion of the FTX crypto currency exchange, it can be revealed.
Bahamas crypto exchange to ‘prove’ financially sound
A SECOND Bahamas-based crypto currency exchange yesterday pledged to publicly disclose “proof” of its financial soundness and reserves in a bid to reassure jittery investors following the implosion of rival FTX.
Pharmacies ‘doing good’ on price control changes
PRIVATE pharmacies have “been doing good” and “progressing” since reaching their price control deal with the Government, the Bahamas Pharmaceutical Association’s (BPA) president said yesterday.
Artists team with union body to place culture at forefront
A BAHAMIAN artists and entertainers’ union has joined the Trades Union Congress (CBTUC) after a two-and-a-half-year wait for recognition, with a labour leader asserting yesterday: “You can’t have a country without culture.”
220 Legendary jobs for ‘hazardous’ site
An $80m marina investment for southern New Providence is pledging to transform “a hazardous location” blighted by trash dumps and stolen boats via a project that will create 220 permanent jobs at full build-out.
Bahamas told: Don’t pause digital assets plan on FTX failure
Halting its digital assets growth strategy due to FTX’s collapse would be “the worst thing The Bahamas could do”, an industry entrepreneur says, even though the failed crypto exchange now faces a local criminal investigation.
Collapse ‘bewilders’ FTX Bahamas staff
FTX’s 40 Bahamian staff have been left “bewildered and beleaguered” by the speed of the crypto exchange’s collapse, a senior executive says, amid hopes its $74m real estate outlay will prove a key recovery source for local creditors.
Fears FTX freeze order was violated
Fears were raised yesterday that the Supreme Court order freezing all assets of FTX’s Bahamian subsidiary was violated when some of the collapsed crypto currency exchange’s clients withdrew their monies late last week.
Destruction of an icon
ActivTrades
WHAT exactly happened? How could FTX go bankrupt almost overnight? And what does that mean for the entire market? We are trying to reconstruct the whole drama.
$73m ‘zero carbon’ project targets 36k annual visitors
A $73m investment is aiming to attract 36,000 guests per year at full build-out of a “zero carbon” residential and yacht community on an Exuma cay located just three miles from Georgetown.
Insurers: Bahamas ‘dodges bullet’ on Hurricane Nicole
Bahamian insurers yesterday asserted that the nation has “dodged a bullet” with Hurricane Nicole amid expectations that it will produce “minimal” losses and damage.
‘Don’t build financial services on crypto’
FTX’s collapse into provisional liquidation is a warning that The Bahamas should “not build the whole financial services recovery” on digital assets, a prominent Bahamian accountant said yesterday.
AML Foods targets e-commerce launch
BISX-listed AML Foods is planning to launch an e-commerce division during its current financial year that will enable the group to supply clients “throughout The Bahamas”.
