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FTX consumes 21% of Commission costs
FTX’s implosion consumed 21 percent of the Securities Commission’s near-$15m operating expenses last year as it raced to preserve client assets and tackle the legal and regulatory fall-out.
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Developer sparks ‘500 leads’ with community’s sales start
A Bahamian developer yesterday disclosed it has generated “well over 500 verified leads” for potential purchasers in its south-western New Providence community just over a week after launching its sales drive.
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North Andros demands ‘answers’ over BPL woe
North Andros residents and business owners yesterday protested over their energy woes and the frequent power outages suffered since a fire destroyed Bahamas Power and Light’s (BPL) power plant last month.
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CORNISH CHARGED: Two accusations of rape for Abaco MP, death threats and assault also claimed
NORTH Abaco MP Kirk Cornish was charged yesterday with two counts of rape, as well as assault and threats of death - but there was little fuss or fanfare at the Magistrate’s Court.
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Team Bahamas wins two silver, two bronze medals
Commonwealth Youth Games in Trinidad & Tobago
Team Bahamas competed in their final event yesterday at the Commonwealth Youth Games, amassing four medals in the competition.
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Capital Football Summer Soccer Championships semifinals all set
AFTER three weeks of competition at the Roscow A L Davies soccer field, the Capital Football Label (CFL) Summer Soccer Championships semifinals are all set.
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Restaurant chain eyeing 20% bond for expansion
A restaurant entrepreneur, who financed his expansion via crowdfunding, yesterday said he now plans to offer a short-term bond paying 20 percent interest to fund the $150,000 required for outfitting a third location.
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Excursion provider says boating fee hikes ‘crazy’
A Bahamian excursion operator yesterday branded up to ten-fold increases in annual and first-time boat registration fees as “crazy” and warned it threatens to increase the number of unlicensed tour companies.
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WSC signs $2.3m industrial agreement with Water and Sewerage Management Union
THE Water and Sewerage Corporation signed a $2.3m industrial agreement with the Water and Sewerage Management Union (WSMU) yesterday, the terms of which are uncertain because the agreement was not released to the press.
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‘Smooth sailing’: Resort’s $30m annual GB boost
Fears that a major resort development may have stalled were eased yesterday after it was revealed the project will generate a $30m annual boost for Grand Bahama’s ailing economy once fully operational.
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Flamboyant ‘philanthropist’ facing fraud charges retrial
A flamboyant Bahamian businessman and “philanthropist” faces a retrial on fraud and money laundering charges after the Court of Appeal found the rules governing his Post Office Savings Bank accounts were “ignored routinely”.
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‘We’ll show true story’ on title to $29m cays
A fresh bid to resolve the title to two Exuma cays, valued at a collective $29m, has been launched by some of the parties previously ensnared by the Chief Justice’s land fraud conspiracy ruling last year involving the same islands.
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Fredrick King and Bluejays sweep Summer of Thunder
Bahamian Fredrick King and his Creighton Bluejays men’s basketball team have completed their mission here with a three-game sweep of their matches played this week in the Bahamas Basketball Federation’s Summer of Thunder.
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Man gets 18 months in jail for unlicenced firearm possession
A MAN was sentenced to 18 months in prison after admitting to having an unlicensed gun while in Nassau Village last week.
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84-year-old woman dies in car crash in Grand Bahama
An 84-year-old Grand Bahama woman died in hospital on Sunday after a two-car collision on Saturday.
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No worry over electric as gas car sales ‘booming’
The Bahamas Motor Dealers Association’s (BMDA) president said he is not worried about electric car sales in the country rising because gasoline car sales are “booming”.
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BAHAMAS BRINGS HOME MEDALS OF EVERY COLOUR: Pan American U20 team wins gold, silver and bronze
The Bahamas’ 19-member team to the XXI Pan American Under-20 Track and Field Championships at the Jose A. Figueroa Freyre Stadium in Mayaguez, Puerto Rico over the weekend returned home with a medal of each colour.
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Miller-Uibo, Gardiner lead World Athletics Championships team
RETURNING from a brief break to have a baby, Shaunae Miller-Uibo along with Steven Gardiner, back after an injured season, will lead an 11-member Bahamian team to the World Championships in Budapest, Hungary.
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Men’s national basketball team splits wins with Jayhawks
TEAM Bahamas, with the newest addition of Phoenix Suns guard Eric Gordon, split games 1-1 against the University of Kansas (KU) Jayhawks this past weekend in Puerto Rico.
