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FTX chief’s fate lies in Bahamas’ hands
THE FATE of embattled FTX chief, Sam Bankman-Fried, rests in The Bahamas’ hands in determining how many criminal charges he will ultimately face over the crypto exchange’s multi-billion dollar implosion, it was revealed yesterday.
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FACE TO FACE: Sir Franklyn Wilson & Sean McWeeney discuss The Bahamas’ 50th Independence
IN the very room where young college and university students brought political leaders together to debate prior to Bahamian Independence, two of these former youth leaders sat on a stage more than 50 years later to talk about the ideals that led to the formation of a new Bahamas.
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Sir Franklyn's developer in $7.5m battle with MIT chair
Sir Franklyn Wilson's Eleuthera Properties is locked in a legal battle with Massachusetts Institute of Technology's (MIT) chairman emeritus over the latter's bid to exit his $7.5m investment in the Bahamian developer.
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GAS DEALERS WANT 30 CENT INCREASE – Association: Govt discussed change to fuel margins
Petroleum retailers say they refuse to become "paupers" as they intensify demands for a 30 cent per gallon margin increase which they have been seeking to obtain from the Government since April 2022.
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Former Cabinet Minister George Smith dies
FORMER Cabinet Minister George Smith, a nation-builder who remained active in politics as a mentor and advisor years after leaving the frontline, died on Friday.
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Union challenges and opportunities
There are several umbrella trade union groups operating in The Bahamas today whose individual union members represent workers across a range of industries.
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Union officials to work with police on Labour Day parade safety
UNION officials are cooperating with the Royal Bahamas Police Force to ensure road safety for the upcoming Sir Randol Fawkes Labour Day parade.
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Bahamas Striping working to improve Eleuthera and Long Island roads
BAHAMAS Striping Group of Companies (BSGC) general manager Melanie Roach said the company is working to improve roads on Eleuthera and Long Island.
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Judge: 'Now clear' Baha Mar sabotaged by CCA
Sarkis Izmirlian yesterday secured a major legal victory after a New York judge ruled "it is now clear" that China Construction America (CCA) sabotaged Baha Mar's completion and orchestrated the developer's removal.
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Trade Policy aims to break export barriers
A Cabinet minister yesterday asserted that the newly-launched National Trade Policy will play a key role in helping to diversify the Bahamian economy through the creative industries plus sectors such as agriculture and fisheries.
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Ex-MP says: 'Gov't supporters trying to get hands on GBPA'
A former MP yesterday doubled down on concerns that "supporters of the governing party have been trying to get their hands on the Grand Bahama Port Authority" amid push back to calls for politics to be kept out of Freeport's future.
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Corporate income tax is 'wrong way around'
The Opposition's finance spokesman yesterday argued that The Bahamas has corporate income tax "the wrong way around" because the proposed reform options are forecast to suck "more money" from the private sector via taxation.
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Sears says newly launched Traffic Management Centre first phase to cost $1.8m
THE Ministry of Works and Utilities launched the first phase of its Traffic Management Centre yesterday.
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'Screeching economic halt' if diesel stop lasts 10-14 days
Bahamians could "see a totally different economy" if the decision by most petroleum dealers to halt diesel sales lasts for up to two weeks, a well-known contractor warned yesterday.
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MOW says Fishing Hole Road causeway to open in a week
THE Fishing Hole Road bridge causeway is expected to reopen within another week, said Luther Smith, Permanent Secretary in the Ministry of Works.
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TUC head says they will fight to make Employment Act more worker-friendly
AS Labour Day nears, some union leaders have pledged to fight for amendments that make the Employment Act more worker-friendly.
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Guilty plea for man in $2m hemp possession
A MAN pleaded guilty yesterday to illegally having nearly $2m worth of marijuana in separate incidents.
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Chess tournament set to make the history books
THE Orjan Lindroth Memorial Chess Tournament is set to make history as the 1st FIDE Title Norm chess tournament to be held in The Bahamas.