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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.

Gov’t denies BPL $5 late fee plans

The Government yesterday said it has “no intention of allowing Bahamas Power & Light” to impose an extra $5 charge on late-paying consumers and further burden struggling households.

Bahamas Water Polo team off to CARIFTA

WITH a chance to compete with some additional teams from the Florida area, the Bahamas will join three other teams from the Caribbean to participate in the 2023 Under-14 Co-Ed CARIFTA Water Polo Championships.

FRONT PORCH: A national lottery can help Bahamians in countless ways

IN our 50th year of independence, the national debt remains a source of deep concern, with state resources stretched across our archipelago. The country remains at risk of downgrade from various rating agencies. The debt will worsen with the next major hurricane, pandemic and/or financial crisis.

EDITORIAL: BPL albatross around govt’s neck

BAHAMAS Power and Light may just be the albatross around the neck of this government.

UPDATE: Govt won't allow BPL to impose late fee

THURSDAY AFTERNOON UPDATE: The Davis administration said it will not allow BPL to impose a late fee on the Bahamian people. It was only one of five considerations in a discussion to lower the company’s outstanding arrears, according to Acting Press Secretary Keishla Adderley at the OPM press briefing this morning. BPL also released a statement (left) saying it did not have plans to impose a late fee on its customers at this time.

FTX Bahamas signals fresh Ray ‘progress’

FTX Bahamas’ liquidators and their US adversary yesterday suspended all scheduled legal filings as they bid to resolve their dispute outside the courtroom.

‘UP WAGE TO $350 - OR RISK STRIKES’: Unions agree to take vote as the call for minimum pay raise

A labour leader yesterday called for a further minimum wage hike to $350 per week by June 2024 as he revealed that multiple trade unions have agreed to each “take a strike vote”.

Forward Sammy Hunter and Akron Zips win season opener

SAMMY Hunter, fitting in quite well into his new environment, was among five players in double figures as the University of Akron Zips men’s basketball team blew past South Dakota State 81-75 in a road victory to begin the 2023-24 season on Monday night in Brookings, South Dakota.

Insurance regulator in blacklist ‘what if’ look

The Insurance Commission was yesterday said to be looking at “what if” scenarios to ensure insurers have access to sufficient reinsurance capacity if The Bahamas stays on Europe’s tax blacklist.

Kool Acres demolition begins in wake of shanty town blaze

AS the demolition crews moved into Kool Acres shanty town yesterday, resident Souvenance Similien watched, hoping to reclaim the abandoned car he calls home.

DEMOLITION GOES ON DESPITE SHANTY FIRE: No casualties reported but cause of blaze is still being investigated

DEMOLITION of the Kool Acres community will still proceed today despite the blaze that tore through the shanty town on Saturday engulfing more than 70 homes and destroying numerous belongings and personal items.

Bahamas must target 70% cruise visitor ratio

A well-known hotelier says The Bahamas must do a better job on cruise passenger “conversion” and increasing the number of resort rooms if it is to maximise tourism’s economic benefits.

Fire destroys structures in Kool Acres shanty town

Around 77 structures or some 80 percent of the Kool Acres shanty town off Joe Farrington Road have been burned to the ground in a fire that took place around 4pm on Saturday, according to Craig Delancey, Buildings Control Officer with the Ministry of Works and a part of the Unregulated Communities Action Taskforce.

DIANE PHILLIPS – ‘I’ve never felt more comfortable outside the US than when I was in Grand Bahama’

The man sat down a few rows away. In a nearly empty and sterile, freezing cold Grand Bahama International Airport terminal with only a handful of early arrivals waiting for much later flights, it was hard not to make eye contact with the few lone folks who were already there, a mother and toddler, a few men who spoke in rapid staccato-like sounds like they were from somewhere far away, and this gentleman, middle-aged, laden with an encased guitar and assortment of backpacks and hefty hand luggage that indicated he had been around these parts for a while and was heading back to wherever he came from.

Eric Wiberg – PBM Mariner seaplane sinks near Royal Island

ON the night of Wednesday, July 19, 1944, at Royal Island, North Eleuthera, Lt (jg) HL Hayes crashed while landing in a turbulent sea. No injuries to the personnel occurred, but both wing floats were torn off the plane and the starboard wing tip bounced on the bottom and finally sank in 20 feet of water. The plane was damaged beyond repair and was later surveyed.

Cartwright joins coaching staff at Brown University

Top sailor Spencer Cartwright has made a name for himself on the waters and will now look to make his mark as an assistant coach for the Brown University sailing team.

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