Regulator ‘freezes’ FTX and sends in liquidator
Regulators yesterday moved to protect clients of The Bahamas’ flagship crypto currency investor by “freezing” its assets, and seizing control of the company, amid reports it acquired $74m in local real estate this year alone.
IAN FERGUSON: Managing time to best effect
Time management is one of the most important skills, but it is often a concept that many businesses, and people, struggle with. Small businesses, in particular, cannot afford waste through bad time management and inefficiency.
Grand Lucayan sale failure gives investors bad signal
GRAND Bahama’s Chamber of Commerce president yesterday voiced fears that the repeated failures to sell the Grand Lucayan resort will discourage other investors from coming to the island.
Poultry producer targets SBDC grant for hatchery’s first $47,000
AN ABACO poultry farm yesterday said it is hoping to raise almost one-third of the $150,000 in needs to construct a hatchery via a Small Business Development Centre (SBDC) grant.
Bank’s nine-month $58m beats full-year profit goal
Commonwealth Bank is targeting its growing deposit base for new borrowers after hitting its 2022 full-year profit goal in just nine months through a $58.22m bottom line.
Sarkis warns: I’ll reveal ‘illegal kickback’ proof
Sarkis Izmirlian is doubling down on allegations of “shocking evidence” that Baha Mar’s main contractor “paid illegal kickbacks to the family of Bahamian officials” as part of a plot to seize Baha Mar and establish “Chinese control”.
Dorian tax breaks extension ‘no brainer’ following Nicole
Extending the Hurricane Dorian tax breaks in their existing form was yesterday branded “a no brainer” by Abaco residents, who argued that to do otherwise would be “pretty heartless” after the latest storm to strike the island.
Nicole: Tourism suffers no ‘overwhelming shrinkage’
The Bahamian tourism industry has not suffered a “material” reduction in bookings and guests despite now-Hurricane Nicole striking Grand Bahama and Abaco, a senior hotelier said yesterday.
Bahamian regulator probing FTX woes
The Securities Commission was yesterday investigating the crisis that has left The Bahamas’ flagship digital assets investor on the brink of collapse after a rival crypto currency exchange walked away from a rescue deal.
Bahamians must brace for uncomfortable time
What has the COVID-19 pandemic taught us as a nation? This crisis proved that we must prepare and plan - economically, socially and financially - for a sustainable future.
Combined insurance act almost consultation ready
REFORMS that will combine existing laws governing the insurance industry into one comprehensive Act are close to completion and release for public consultation, regulators said yesterday.
Small business tie-up eyed for green, blue economies
ENVIRONMENTAL consultants yesterday said they were working on initiatives to unlock the potential of the so-called ‘blue’ and ‘green’ economies for The Bahamas’ long-term benefit.
Accountant shortages drive sector challenge
THE BAHAMAS Institute of Chartered Accountants (BICA) president yesterday said the industry is experiencing its own version of inflation as remuneration rates.
No resolution over food price control ‘stalemate’
The Bahamian food distribution industry was last night said to have reached a “stalemate” over efforts to strike a price control deal with the Government via a 1,000-strong product list designed to “more than half-way” meet its demands.
‘Rethink’ Lucayan deal via complex break-up
A former Grand Lucayan Board member yesterday urged the Government to “rethink” its strategy for selling the resort by splitting up the complex and re-opening the largest hotel property.
