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PM's 'swift intervention' reverses decision to lay off 20 Bahamian workers at Freeport Container Port

THE decision to lay off 20 Bahamian workers at the Freeport Container Port has been reversed following the “swift intervention” of Prime Minister Philip “Brave” Davis, according to an official statement by the Ministry for Grand Bahama.

‘NPBA action is fantastic’

University of the Bahamas Mingoes open new year with big victories

WITH the return of the New Providence Basketball Association action at the AF Adderley Gymnasium, the University of the Bahamas Mingoes and the Rockets opened the new year with big victories.

‘One step forward, two back’ before port layoff reversal

GRAND Bahama’s Chamber of Commerce president yesterday said it feels like the island constantly takes “one step forward, two steps back” prior to Freeport Container Port reversing the termination of 20 workers.

Goldwynn’s $100m eastern expansion

GoldWynn’s developer yesterday said it no longer plans to acquire additional Goodman’s Bay real estate to its immediate west and will instead move eastwards with its $100m second phase expansion this year.

Towing fare increase could heighten risks

Automotive repair shops yesterday voiced concern that the 67 percent, or two-thirds increase, in standard towing fees could prompt Bahamians to take more risky measures to move broken down vehicles.

West Bay Street development’s rental rates 20% above target

A residential West Bay Street development was yesterday said to be more than 95 percent sold with rental rates some 20 percent higher than projected.

Man accused of shotgun threat

A MAN was granted bail in Magistrate’s Court yesterday after being charged with threatening a woman with a shotgun last month.

McKay Jr and Saints on a roll

AFTER some good Bahamian cooked meals and some quality time with family and friends, Gregory McKay Jr returned to Limestone University and helped the Saints men’s basketball team to two straight victories.

Platinum Knights march to GB victory

PLATINUM Knights captured its fifth consecutive win in the New Year’s Day Junkanoo Parade in Grand Bahama, dominating with a lead of more than 130 points ahead of rival Superstar Rockers.

‘Collusion’ document contradicts such claim

FTX’s Bahamian liquidators are asserting that the document being cited as evidence of this country’s alleged collusion with Sam Bankman-Fried sparked the very court action that led to his removal.

Towing prices up – but businesses say it stops job cuts

TOWING businesses said although the recent price rise in towing services may deter some customers, it ultimately benefits business by preventing downsizing of staff.

FTX US chief ‘in contempt’ over Bahamian court order

The Securities Commission’s top executive has accused FTX’s US chief of being “in contempt” of the Supreme Court by blocking access to the collapsed crypto exchange’s cloud-stored system and digital assets.

FTX claim over $300m in assets

THE new ownership of FTX has accused the joint provisional liquidators (JPL) in The Bahamas of conspiring with the Securities Commission of The Bahamas (SCB) in hiding $300m in assets during the liquidation process.

FTX founder Sam Bankman-Fried pleads not guilty in New York

NEW YORK (AP) — FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.

A massive U-turn in China

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Having maintained a strict zero- COVID policy for almost three years, the Chinese government had become a prisoner of it. The strategy was designed to address the low vaccination rates of the elderly population (80 million people aged 80+ years are not vaccinated and 44% of the population did not receive the third dose, this percentage rising to 60% among people aged 80+ years). And, although studies in Hong Kong comparing CoronaVac with BioNTech’s vaccine have not been conclusive, the Chinese government did not seem to have much confidence in the degree of immunity provided by their own vaccines.

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University of the Bahamas Mingoes open new year with big victories

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