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FTX’s Bahamas properties rack up $450k unpaid fees
FTX’s US chief has revealed that the collapsed crypto exchange’s Bahamian property empire has amassed $450,000 in unpaid fees to local services providers over the ongoing impasse over how to sell the portfolio.
PM: FTX ‘lessons learned’ will make Bahamas better
The Prime Minister yesterday pledged that “the lessons we learned” from the FTX crypto exchange’s collapse will enable The Bahamas to better strengthen its regulatory regime and emerge as a regional digital assets hub.
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.
‘40 percent of work permits are jobs Bahamians can do’
LABOUR Director Robert Farquharson believes 40 per cent of the 12,000 work permits issued this year relate to jobs Bahamians can fill.
DARVILLE: WE MUST PREVENT DNA FRAUD – Genetic testing rules necessary to ensure lab sample integrity
OFFICIALS are grappling to prevent mischief related to how DNA samples to establish a person’s paternity are collected following a landmark citizenship ruling in May.
‘Gamer’ Johnathon ready for World Esports Championships
JOHNATHON Lucius will represent The Bahamas for the second time at the International Esports Federation’s (IESF) World Esports Championship.
Stephen Brown: ‘We have not had any good facilities in a very long time’
FAMILY Islanders are once again appealing for better baseball facilities to aid in the development of youth on the respective islands.
We should not go cashless
Glad to see at least one Minister, Fred Mitchell is openly against cashless society... we, all those that totally disagree with the cashless stupidity, are supported that recent Central Bank stats indicate in a quarter the ‘wallets of these digital things’ the deposits in them decreased - dropped by over $31m. Seems the consumers are saying... be gone!
Minister urges Bahamians to report over-charging jitneys
A Cabinet minister is urging Bahamians who are being charged $1.50 by jitney drivers to report such incidents to the Road Traffic Department for investigation as the practice is illegal.
National cyber breach plan may 'take years'
A Bahamas-based cloud services provider yesterday said developing a comprehensive national response strategy to deal with cyber security breaches can be “complicated” and “take years”.
Real estate ‘bull can only run for so long’
The Bahamian property market is “correcting itself” to more sustainable pre-COVID highs, realtors agree, with 2023 second quarter New Providence home sales down 21 percent as “the bull can only run for so long”.
Bimini airport PPP proposal is revived
A private-public partnership (PPP) proposal to transform and take over management of Bimini’s airport has been revived and presented to residents last week for community feedback, Tribune Business can reveal.
Royal Caribbean: Crew will ‘never’ work on PI
Royal Caribbean has pledged that “at no point” will foreign crew from its ships be working at the $100m Royal Beach Club after being challenged over whether such practices occur at its Coco Cay ‘Perfect Day’ destination.
IMF: ‘Progress’ but more needed on crisis regime
The International Monetary Fund (IMF) has praised The Bahamas for “considerable progress” in developing a regime to prevent and address banking industry failures but also warned much work remains to be done.
Cooper assures ‘no Fyre Festival’ coming here
AS the Fyre Festival makes international headlines over a potential reboot, Tourism Minister Chester Cooper gave an assurance yesterday that the event would never be approved again in The Bahamas.
PM: ABORTION IS PERSONAL CHOICE – In the case of rape it’s a ‘medical matter’ Davis ‘would have to consider’
PRIME Minister Philip “Brave” Davis said he believes abortion is a personal choice.
NFL Flag Bahamas in search of more coaches, officials
NATIONAL Football League (NFL) Flag Bahamas continues to make preparations ahead of the flag football season, this time hosting an officiating and coaching clinic next month.
Family Islanders make appeal for better baseball facilities
FAMILY Islanders are making a special appeal to the government for better baseball facilities on their respective islands.
DeMarco: ‘We should not take this for granted’
AS the FIBA Pre-Qualifying Tournament came to a close on Sunday night with the Bahamas winning the title over Argentina, a few players were highlighted for their performances.
Bahamas to upgrade renewable road map
The Government yesterday signed an agreement to "update" the road map for ensuring that 30 percent of The Bahamas' energy needs are derived from renewable sources by 2030.
