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FTX Bahamas demanding $9.15bn from US affiliates
FTX’s Bahamian liquidators are seeking to recover a total $9.15bn from the crypto exchange’s US entities with some 84 percent of this sum involving assets that were “misappropriated” prior to its late 2022 collapse.
‘Jazz’ gets a warm welcome home
JASRADO “Jazz” Chisholm Jr made his return to home soil this past weekend at the Baillou Hills Sporting Complex.
Commonwealth hails $63.5m profit amid 91% claw back fall
COMMONWEALTH Bank yesterday hailed its “second most profitable” year-ever through $63.5m in net income that was generated despite a near-91 percent drop on COVID loss provision write-backs.
NPBA: Rebels and Heatwaves in win column
THE New Providence Basketball Association continued its regular season action with a double header at the AF Adderley Gymnasium on Monday night. • Here’s a summary of the games played:
BPL: 8% 'crazy growth' in New Providence
A senior Bahamas Power & Light (BPL) executive yesterday said the utility had seen "crazy growth" in customer demand over the summer with New Providence's peak load increasing by 8 percent year-over-year.
Bahamas can’t pay $4bn costs for climate change
The Bahamas cannot afford the $4bn required to meet its pledged climate change targets without international financial, technology and other “capacity-building” support, it has admitted.
‘Buddy’ Hield and Pacers fall to Lakers
CHAVANO “Buddy” Hield, who was linked to trade rumours with the Los Angeles Lakers, watched as LeBron James and Anthony Davis put on a show to dismantle his Indiana Pacers to claim the first National Basketball Association’s In-Season Tournament title.
Promotion Board president urges 30% stopover focus
The Bahamas Out Island Promotions Board president yesterday urged the nation to near-double the proportion of stopover visitors that make up its tourism base to 30 percent.
Volunteer Society Act passed into law
After successful readings in the House of Assembly and the Senate, Governor General CA Smith saw the Governor-General’s Volunteer Society Act 2023 codified into law on August 11.
One Caribbean Invitational Women Fast-Pitch Softball event coming to Nassau
Softball 242 is bringing some of the women’s teams in the region to compete in the One Caribbean Invitational Women Fast-Pitch Softball Tournament.
Baha Mar Hoops: Hurricanes clinch men’s title
THE University of Miami Hurricanes made their short trip to the Bahamas a memorable one at the Baha Mar Hoops Bahamas Championships yesterday in the Baha Mar ballroom.
Battle 4 Atlantis men: Tar Heels to face Wildcats In Semifinals today
THE 12th Battle 4 Atlantis men’s tournament got off to a hot start for the Villanova Wildcats and North Carolina Tar Heels yesterday at the Imperial Arena, Paradise Island.
Police make 30 arrests in GB as a result of Operation Sling Shot
Grand Bahama Police made over 30 arrests during a police operation that was successfully executed on Tuesday.
Andros Chickcharnies win the gold medal in tennis
GB Lucayans win silver, Eleuthera Adventurers take home bronze
WITH an ace down the sideline, Jacobi Bain, teaming up with fellow collegian Sydney Clarke, pulled off an 11-9 victory yesterday in the mixed doubles to seal a 4-3 win for the Andros Chickcharnies over the Grand Bahama Lucayans.
Businesses forced to close doors after extensive power outage
SOME businesses were forced to close their doors yesterday after an hours-long power outage.
Protect our access to our beaches
I thank you in advance for the space to address two issues that have dominated the headlines recently, that if not handled carefully can have devastating social consequences for this tiny island on which sits the capital of the country, financial and tourist-wise.
Air conditioning companies see sales spike as summer temps rise
SOME air conditioning businesses report unprecedented demand for their services as residents try to protect themselves from the summer heat.
Grand Lucaya sees rise in occupancy numbers over long Easter weekend
SOME hotel properties experienced occupancy levels of between 30 and 40 percent over the Easter holiday, particularly in the Lucaya area.
Despite health concerns, possibly due to mould, Ministry of Grand Bahama remains open
STAFF at the Grand Bahama Ministry has been experiencing health issues due to the presence of mould at the Harold DeGregory Government Complex Building on the Mall.
Reforms to boost financial services industry flexibility
Reforms to two key corporate products will boost the Bahamian financial services industry’s competitiveness by enabling it to provide more flexible structures to clients, the Attorney General has charged.
