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Gov’t eyes purchase of Freeport’s Bazaar
The Government is exploring the potential acquisition of Freeport’s derelict International Bazaar site as the location for its proposed African-Caribbean products marketplace.
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BTC cell tower sale to help finance 5G
The Government wants “part of the proceeds” from the sale and leaseback of all the Bahamas Telecommunications Company’s (BTC) 345 cell tower sites to be reinvested in improving services and 5G technology.
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ArawakX ‘good undeniable’ yet KC confident on full winding-up
ArawakX’s president says “nobody can deny the good” it achieved as Securities Commission attorneys hailed the appointment of provisional liquidators as vital to “protecting the capital markets”.
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$250k paint contract examined in Gibson trial
COMPANIES contracted to paint Water and Sewerage Corporation water tanks were awarded over $250,000 per tank, a WSC employee testified on Friday as Long Island MP Adrian Gibson’s corruption trial continued.
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CARIFTA water polo gold, bronze
Bahamas under-14 co-ed team bringing home the medals
With some highly- spirited performances, the Bahamas under-14 co-ed water polo team captured a gold and bronze medal at the CARIFTA Championships over the weekend in Miami, Florida.
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Raptors, Knights win cross country titles
THE CH Reeves Raptors and CR Walker Knights won the junior and senior division titles at the Government Secondary Schools Sports Association (GSSSA) Cross Country Championships.
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NPBA regular season is back ‘with a bang’
THE New Providence Basketball Association (NPBA) regular season returned with a bang and so did the Commonwealth Bank Giants at the Kendal G L Isaacs Gymnasium on Saturday night.
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The Golden Eagles bring junior boys title to LW Young
THE LW Young Golden Eagles joined the three crowned champions after knocking off the Anatol Rodgers Timberwolves junior boys in game three of the Government Secondary Schools Sports Association (GSSSA) volleyball championships at the Kendal GL Isaacs Gymnasium on Friday.
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Unions: BTC owner ‘exporting all value’
The Bahamas Telecommunications Company’s (BTC) two trade unions yesterday voiced fears the carrier will become “a shell company” as they accused its majority owners of “exporting” all its value.
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Deflation in the East
ActivTrades
Everyone in The Bahamas is feeling the rising cost of goods, energy and transportation. No matter if you visit the food store, turn on your AC or fuel up your car, you are paying more for these necessities than compared to the previous year. But the inflation rate in the islands is decreasing, and went down from 3.1 percent to 2.3 percent when compared to last year.
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Peter Nygard guilty of four sex assaults
Peter Nygard was found guilty of four counts of sexual assault in a Canadian court on Sunday but was acquitted of a fifth count plus a charge of forcible confinement.
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Fred Mitchell retains post of PLP chairman
Fred Mitchell has retained the post of PLP chairman with 845 votes compared to 630 for challenger Robyn Lynes after a vote at the party's convention at Baha Mar Convention Centre on Friday.
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New runway and taxi ways planned for LPIA
A TOP Aviation official said plans are underway for the Lynden Pindling International Airport to gain a new runway and taxi ways. Concerns with control towers and limited operational hours also will be addressed.
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Govt defends breakfast programme as it expands to more schools
OFFICIALS have defended against recent criticism of the government’s $1m national breakfast programme, saying despite the “naysayers”, the programme has delivered thousands of healthy breakfast meals to students in the country.
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FNM chairman calls for Petty’s resignation from WSC after conflict of interest admission
FREE National Movement chairman Dr Duane Sands last night called for the resignation of Water and Sewerage Corporation executive chairman Sylvanus Petty after he admitted in court that his daughter had been awarded a contract by the corporation.
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Parking ‘satisfied’: Wynn penthouse project is go
The Town Planning Committee’s chairman yesterday confirmed it has approved Wynn Group’s 14-storey Goodman’s Bay penthouses after it “satisfied” long-standing parking concerns.
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Abaco in ‘catch 22’ over Marsh Harbour port plan
Abaco faces “a catch 22” between further fee and cost of living increases and the need to fully restore its main Dorian-devastated commercial shipping port, it was argued yesterday.
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Sam Bankman-Fried ‘wants to be heard’ in FTX Bahamas wind-up
FTX’s founder says he “wishes to be heard” at today’s Supreme Court hearing on the winding-up petition intended to place the crypto exchange’s Bahamian subsidiary into full liquidation.
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Chief Justice is ‘satisfied’ ArawakX $2.4m insolvent
The Chief Justice yesterday ruled “there is more than sufficient evidence” of ArawakX’s $2.4m insolvency to justify appointing a provisional liquidator to take control of its affairs and protect assets.
