Story
Efforts to rebuild Treasure Cay’s sewerage system hit by ‘procurement, shipping delays’
The Water and Sewerage Corporation (WSC) yesterday conceded that efforts to rebuild Treasure Cay’s sewerage system have been hit by “procurement and shipping delays” in COVID-19’s aftermath.
Story
Companies urged to build investor sustainability trust
A Bahamian accountant says it is vital that investors have trust in a company’s sustainability reporting in an environment where increasing emphasis is being placed on climate action.
Story
Climate and health course held in Grand Bahama
OVER 130 community members and health professionals were present for the launch of the first climate and health ambassador training course this week.
Story
Story
Commission ‘cannot condone’ FTXs $100m Bahamas payout
A Delaware bankruptcy judge was yesterday told that the Securities Commission’s vehement rejection of Sam Bankman-Fried’s Bahamian creditor preferential payout plan proves there was no “collusion” with the FTX founder.
Story
Cable unveils its first dividend in five years
Cable Bahamas’ top executive yesterday voiced optimism that it has “set the foundation” to become a dividend-paying stock once again with the unveiling of a first capital return to shareholders for five years.
Story
‘Arrest was not influenced by other considerations’
DAMIAN Williams, US Attorney for the Southern District of New York, said Sam Bankman-Fried’s arrest on Monday was dictated by law enforcement as opposed to any other considerations, including his scheduled testimony in Congress on Tuesday.
Story
RBC’s 3-day digital woes an ‘absolute catastrophe’
Royal Bank of Canada (RBC) yesterday pledged it is “working diligently” to restore its digital banking platform with businesses branding the three-day woe as “an absolute catastrophe” for commerce.
Story
Shoppers warned: Don’t go broke for Christmas
A financial expert urged residents to take a “pause” and not to go broke this Christmas season while shopping.
Story
Airline workers sign agreement
AFTER several months of negotiations, Nassau Flight Services and the Airport Airline and Allied Workers Union (AAAWU) signed a five-year industrial agreement at the Office of the Prime Minister yesterday.
Story
‘No special treatment for FTX founder in prison’
ACTING Commissioner of Corrections Doan Cleare said former FTX CEO Sam Bankman-Fried is getting no preferential treatment in prison, adding that “all inmates are treated equally”.
Story
‘Buddy’ and Pacers beat Warriors, Curry hurt
INDIANAPOLIS (AP) — Tyrese Haliburton scored 29 points and the Indiana Pacers made 16 3-pointers to hold on for a 125-119 victory last night over the Golden State Warriors and Stephen Curry, who didn’t finish the game because of a left shoulder injury.
Story
Fredrick King has career night for Blue Jays
FREDRICK King had his second NCAA start and produced a career night for the Creighton Blue Jays.
Story
Abaco project generates $60m sales in one year
A HIGH-END Abaco resort project was yesterday said to have generated more than $60m in real estate sales in little over a year as its build-out gathers pace following the COVID-19 pandemic’s easing.
Story
Bahamian liquidators pledge $100m FTX payout recovery
FTX’s Bahamian provisional liquidators yesterday pledged to “claw back” the $100m payout to 1,500 Bahamian clients as they blasted the failed crypto exchange’s US chief for “inflaming and untrue” statements.
Story
US prosecutor confident on Bankman-Fried case
US PROSECUTORS yesterday voiced confidence they have sufficient evidence to convict FTX’s embattled founder, Sam Bankman-Fried, on charges that he “misappropriated billions of dollars of customer funds”.
Story
Bay Street demolitions to boost Downtown’s revival
THE Deputy Prime Minister yesterday said the Government has demolished five derelict Bay Street properties over the past year to make way for downtown Nassau’s revival.
Story
Tourism next year ‘the best ever’
TOURISM, Aviation and Investments Minister Chester Cooper says he anticipates that tourism arrivals for next year will “be the best” the country has ever seen, with forward bookings for the first half of 2023 already showing promising signs.
Story
Minister quiet on Christmas decor cost
AMID some criticism over the national Christmas tree decorations, Youth, Sports and Culture Minister Mario Bowleg shied away from revealing the cost of the project, adding that he found no issue with the aesthetics.
Story
Congresswoman hopes arrest will see Bankman-Fried held accountable
UNITED States Congresswoman Maxine Waters expressed hope that former FTX CEO Sam Bankman- Fried’s arrest and arraignment will signal him being held accountable for the alleged “fraud” he committed leading to the giant crypto exchange firm’s disgraceful fall, affecting as many as one million people.
