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FTX’s GoldWynn condos to be ‘absorbed at market value’

THE eight GoldWynn condo units newly-acquired by FTX’s Bahamian liquidators will be “readily absorbed by the market” when put up for sale, the project’s developer predicted yesterday.

Fishermen ready to protest boat registration fee hikes

A senior fishermen yesterday asserted he has "no intention of paying" a more than eleven-fold increase in boat registration fees with the industry said to be ready to protest in Rawson Square over the hikes.

FTX liquidators prevent $8m GoldWynn 'forfeit'

FTX's Bahamian liquidators prevented a near-$8m loss by completing the acquisition of eight condo units in the GoldWynn development at Goodman's Bay, it has been revealed.

Tourism chief ‘doesn’t see’ US crime travel advisory

The Bahamas is not presently in danger of suffering a US travel advisory over the recent murder spike, a senior hotelier asserted yesterday, adding that it was not yet "a major concern for tourism.

Commission 'content' to hand over $426m FTX digital assets

The Securities Commission plans to seek Supreme Court approval to transfer some $426m worth of digital assets it is safeguarding into the care of the liquidators for FTX's Bahamian subsidiary.

FTX Bahamas: ‘Best deal to avoid asset extinction’

FTX’s Bahamian liquidators are asserting the settlement with their US adversary “represents the best deal” possible given that lengthy legal battles would slash creditor recoveries “possibly to extinction”.

FAMILY IS LEFT TO SLEEP ON GROUND: Mom and six kids left homeless as demolitions resume

ROSELYN and her six children slept outside on the ground on Monday after their home was demolished in the unregulated All Saints Way community.

Chamber chief unaware of Freeport investor deterrent

Grand Bahama’s Chamber of Commerce president says he is unaware of investors being deterred from coming to Freeport despite the “rather cumbersome” approvals process.

Accounting urged over road repair cancellation

A South Andros businessman yesterday called for an accounting to determine how much taxpayer money has been wasted through the cancellation of a multi-million dollar road repair contract.

Social spending better than price controls on living cost

The Government’s former top financial official yesterday argued that increased social spending would better help Bahamians struggling with the cost of living crisis than the imposition of price controls.

GB Chamber chief optimistic PharmaChem will ‘rise again’

Grand Bahama’s Chamber of Commerce president yesterday said he is optimistic that PharmaChem Technologies’ plant will “rise again” as the company now begins its winding-up

FACE TO FACE: Betty Morley – teaching and reaching the hearts of future generations

BEATRICE Elizabeth Morley, better known as Betty, has been teaching for most of her life. She has poured her heart into instilling education, good morals and a sense of self worth in thousands of children over decades, in The Bahamas, the USA, and in Africa.

Pia Glover-Rolle certifies BPSU election overturning registrar’s decision not to

PUBLIC Services Minister Pia Glover-Rolle has certified the September results of a Bahamas Public Services Union (BPSU) election, overturning the decision of the registrar of trade unions, who declined to certify the results because of alleged irregularities in the voting process.

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