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FTX’s US chief hits PM, AG over ‘total stonewall’
FTX’s new US chief has accused the Prime Minister and Attorney General of “a complete stonewall” over his push for The Bahamas to embrace the US legal system as the primary venue for solving the collapsed crypto exchange’s woes.
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‘Shut down’ on FTX $300m Bahamas assets safeguard
FTX’s Chapter 11 chief yesterday alleged to the US Congress that efforts to obtain “clarity” over the Securities Commission’s action to safeguard $300m in client assets had been “shut down” by The Bahamas.
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Bran: New pharmaceutical price controls are ‘a stretch’
A former Democratic National Alliance (DNA) leader yesterday said coping with the pharmaceutical industry’s new price control regime was “certainly a stretch” as it had left his family’s business operating at a loss.
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Winning bidder for Grand Bahama Airport picked
AFTER several months of deliberation, the government has selected the winning bidder for the redevelopment of the Grand Bahama International Airport.
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National debt shrinks - but only falls $21m
The Bahamas’ national debt enjoyed its first quarterly contraction for years during the three months to end-September 2022, the Central Bank revealed yesterday, although the decline was a modest $20.7m,
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Govt to offer proposal to BPSU members today
THE Davis administration plans to present its final proposal to the Bahamas Public Service Union (BPSU) today, State Minister of Public Service Pia Glover-Rolle said yesterday. She is hopeful a new industrial agreement can be signed before the end of the year.
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Public servant concerns ‘to be resolved by first quarter next year’
STATE Public Service Minister Pia Glover-Rolle said yesterday that by the first quarter of next year the government is aiming to resolve the long-standing concerns of public servants from the Ministry of Social Services.
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Mitchell defends Sears over BPL fuel hedging
FOREIGN Affairs Minister Fred Mitchell yesterday defended Works and Utilities Minister Alfred Sears over the controversy surrounding the latter’s conflicting statements over the Bahamas Power and Light fuel hedging issue.
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FTX FOUNDER ARRESTED: US expected to seek extradition
SAM Bankman-Fried, former CEO of crypto giant FTX, was arrested by the Royal Bahamas Police Force yesterday and will likely face extradition to the United States, Attorney General Ryan Pinder announced.
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Bahamas battles for control over $256m FTX properties
A major legal battle was brewing last night for control of $256.3m worth of Bahamian real estate assets as FTX’s local liquidators sought to extract them from Chapter 11 bankruptcy proceedings in the US.
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Minnis blames Christie Gov’t for Oban debacle
Dr Hubert Minnis yesterday sought to blame the last Christie administration’s failure to conduct “proper due diligence” for the $5.5bn Oban oil refinery debacle, while admitting that his government “took the hit”.
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Central Bank’s waiver drives $202m sovereign debt boost
Incentives that sparked almost $202m of local investor demand for The Bahamas’ US dollar bonds has been “very, very significant” in driving an international debt turnaround, a senior official said yesterday.
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Digital pass to drive jitney unity for 90k
Digital technology was yesterday hailed as a key element in driving New Providence’s jitney industry towards the long-promised unified transportation system through an initiative that will launch in early 2023.
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Minnis: Nation could hit new murder record
FORMER Prime Minister Dr Hubert Minnis said yesterday the country is on track to set another murder record due to the government’s failed handling of crime.
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AG: ‘No go’ for $100m FTX Bahamian returns
The Attorney General last night denied that he or any government official gave permission for FTX’s now-arrested founder to violate a freeze order by returning $100m in assets to 1,500 purported “Bahamian” clients.
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Buddy Hield scores 19 in 87-82 loss to Heat
INDIANAPOLIS (AP) — Bam Adebayo had 22 points and 17 rebounds and Jimmy Butler scored seven straight points late in the fourth quarter to help the Miami Heat hold off the Indiana Pacers 87-82 last night.
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Jonquel Jones posts 29 points, 19 rebounds in blowout victory
JONQUEL Jones continues to lead CBK Mersin to the top of the standings in Turkey’s Herbalife Nutrition Women’s Basketball Super League, and contention in FIBA EuroLeague play.
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WORLD VIEW – NO TIME TO WASTE: Protecting school children and ending gang violence
GANG violence, particularly in schools, and directed at school children, is fast becoming a grave concern throughout the Caribbean.
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THE KDK REPORT: A smile in September
IN January 2020, while getting ready for church, my patient sat in his living room chair to put on his shoes.
