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INSIGHT: The question of accountability

HAPPY New Year, readers. The ways in which the Christmas holidays fell means it’s been some weeks since my last column – and there certainly has been a lot that has gone on since then.

FTX US chief feared $9bn Bahamas ‘risk’

FTX’s US chief has admitted he feared a “risk” that the crypto exchange’s Bahamian liquidators “could be awarded material” sums on their $9bn-plus claim if he failed to settle their dispute.

200 jobs through Ocean Club’s $400m expansion

The Ocean Club’s upcoming $400m expansion will create 200 full-time jobs once the development is fully completed in 2027, the project’s partners have revealed.

FTX real estate sell-off can’t cover $256m debt

The sell-off of FTX’s high-end properties “will not be sufficient” to fully repay the $256.3m debt owed to the crypto exchange’s Bahamian subsidiary, it has been asserted.

'We didn't hit $1bn, but we did very well'

The Bahamian high-end real estate market will "do at least as good as 2023 if not better" in 2024, as one major realtor said of last year: "We didn't do $1bn in sales but we did very well."

One man dead as 36 cases of COVID-19 reported in six weeks

CASES of COVID-19 are on the rise in New Providence and Grand Bahama, with one man dying.

After 16-year-old girl killed as house riddled with bullets, PM asks: PRAY FOR END TO VIOLENCE

PRIME Minister Philip “Brave” Davis said he was saddened and shocked by recent murders in the country.

Mullings soars to new record

AFTER spending the past year working on his technique in a new location, former national decathlon record holder Ken Mullings decided to go back to Urbana, Illinois, to continue his training in his attempt to qualify for the 2024 Olympic Games in July in Paris, France.

T-Bird Flyers Classics sees more CARIFTA qualifiers

The 32nd T-Bird Flyers Track and Field Classic was a success not only for event organisers but also athletes vying to compete at the 2024 CARIFTA Games scheduled to take place in St George’s, Grenada.

Governance reformers: Make transparency laws 'a priority'

Governance reformers yesterday argued that prioritising government transparency and accountability will help combat the same cost of living crisis that the Davis administration is focused on.

Fidelity defends ‘nominal’ in-person service charge

Fidelity Bank (Bahamas) is defending its imposition of a fee for in-person services by describing the sum involved as “nominal” and pointing out it is the last bank to levy such a charge.

Cruise port targeting 25% visitor rise to 5.6m in ‘24

Nassau Cruise Port yesterday affirmed it is targeting a near-25 percent increase in passengers to 5.6m for 2024 after receiving close to 4.5m last year.

Graycliff workers enjoy 20% pay increase over five years

The hotel union’s president says the newly-signed industrial agreement with Graycliff will give 50 workers a 20 percent pay rise spread over five years and place them in a “more stable position”.

Miss Bahamas Universe resigns claiming lack of support

MISS Bahamas Universe Melissa Ingraham has resigned from her position, saying her decision was due to the disappointing experiences and a lack of support from the Miss Bahamas Universe Organisation.

Hotel union signs industrial agreement with Graycliff

THE Bahamas Hotel Catering and Allied Workers Union signed a five-year industrial agreement with Graycliff Hotel and Restaurant on Friday.

ONE ELEUTHERA FOUNDATION – The many benefits of a backyard garden

As we start out a new year and consider the various ways we could potentially live a more sustainable and successful life in the coming year, I want to take this opportunity to highlight the many benefits of backyard farming and growing fresh food in your own yard, home, or community.

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