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Sarkis loss ‘over $3bn’ if Baha Mar hit targets

Sarkis Izmirlian would so far have “lost more than $3bn” in potential profits alone if the Baha Mar resort from which he was ousted hit his financial projections, an analyst’s report has calculated.

Insurers: ‘Light at end of tunnel’ over taxation

Bahamian insurers yesterday voiced relief that there is “light at the end of the tunnel” after the Government said it would drop plans to move the industry to a Business Licence fee taxation regime.

Skills transfer woe still a ‘sad reality’

The Bahamas must change “the sad reality” that key skills and knowledge are not being passed on to local workers by expatriate work permit holders, a prominent contractor argued yesterday.

New Year tests for students nationwide

EDUCATION Minister Glenys Hanna Martin said she hopes to start the new year by testing students nationwide for any learning loss issues following the pandemic.

‘Be careful at holidays as murder rate soars’

AN activist has called on residents to be careful this holiday season due to the country’s escalating murder count, saying people have stopped valuing the lives of others.

Prison chief: Bankman-Fried ready to leave

ACTING Commissioner of Corrections Doan Cleare said that while former FTX CEO Sam Bankman-Fried is not “uncomfortable” in the Bahamas Department of Correctional Services, he seems ready to leave the country.

UPDATED: Sam Bankman-Fried waives right to fight extradition – FTX founder will go to the US

AFTER a confusing day in court, Sam Bankman-Fried has decided not to fight extradition to the United States, his attorneys announced yesterday.

Ground broken on $250m Long Island port

AZUL Destinations broke ground yesterday for the construction of a $250m resort and cruise port for south Long Island.

Bran: ‘Don’t abandon’ digital assets on FTX

The Democratic National Alliance’s (DNA) former leader is urging The Bahamas not to “abandon” the digital assets industry in the wake of FTX’s implosion but instead promote the jurisdiction with “even more vigour”.

‘Permit restricted US dollar holdings without approval’

Bahamians should be permitted to hold a limited amount of US dollars in their account without needing Central Bank approval as part of wider reforms to the commercial banking industry, a report has recommended.

INSIGHT: The KDK REPORT - The platinum gatekeeper

THE opportunity to age gracefully is something that I suspect all human beings long for. Where the differences materialise, however, is in the age we’d like to achieve before dying. Some say 75, while the majority respond somewhere in their 80s or 90s. Rarely does anyone say 100, thinking that it’s too far-fetched to even conceive.

Bahamas Bowl: Blazers take title to UAB

THE University of Alabama at Birmingham Blazers, the athletic programme that features Bahamian star Sydney Clarke on their women’s tennis team, came back to town on Friday and took home the 2022 HomeTown Lenders Bahamas Bowl football title. The Blazers, with the go-ahead touchdown from Jermaine Brown Jr on 4th-and-1 with one minute and 33 seconds left, held on as Rennard Ellis tackled Jalen Walker at the 1-yard line on the final play of the game that was sealed with kicker Matt Quinn booting in the extra point for a 24-20 win over Miami (Ohio) RedHawks at the Thomas A Robinson National Stadium.

Hoopfest Tournament a blast with top high school teams from US

WITH a little more time to work with their teams, coaches for both the New Providence and Grand Bahama All-Stars feel as if they could have had better showings against the Miami Northwestern High School in the Hoopfest High School Tournament at the Kendal Isaacs Gymnasium over the weekend. On Friday, the New Providence All-Stars got off to a slow start and ended up getting routed 71-36 by Miami. On Saturday, the Grand Bahama All-Stars got off to a good start, but couldn’t maintain their composure, losing 66-47 to Miami.

NPBA to end year on Wednesday

THE New Providence Basketball Association will complete the year with games on tap tonight and Wednesday at the AF Adderley Gymnasium before taking a break for the Christmas holiday. The league will return to action on January 4.

Knicks rally to beat Buddy Hield and Pacers for 7th straight victory

INDIANAPOLIS (AP) — Jalen Brunson scored 30 points, Julius Randle made six free throws in the final minute and the New York Knicks beat the Indiana Pacers 109-106 yesterday for their NBA-best seventh consecutive victory. The 19th and final lead change came in the final minute, when Randle made two foul shots with 45.6 seconds remaining for a 105-104 lead. After the teams exchanged turnovers, Randle hit four more free throws in the final two possessions. The Pacers missed a shot from just inside half-court at the buzzer. Buddy Hield and Aaron Nesmith each had 23 points for Indiana. Tyrese Haliburton and Bennedict Haliburton each added 15.

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