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FTX consumes 21% of Commission costs

FTX’s implosion consumed 21 percent of the Securities Commission’s near-$15m operating expenses last year as it raced to preserve client assets and tackle the legal and regulatory fall-out.

Developer sparks ‘500 leads’ with community’s sales start

A Bahamian developer yesterday disclosed it has generated “well over 500 verified leads” for potential purchasers in its south-western New Providence community just over a week after launching its sales drive.

Fresh oil contamination ‘tragic’ for GB’s tourism

Fresh oil pollution was yesterday described as both “tragic” and “treacherous” for Grand Bahama’s tourism industry and wider economy with environmental activists estimating that up to 25 miles of beach could be contaminated.

North Andros demands ‘answers’ over BPL woe

North Andros residents and business owners yesterday protested over their energy woes and the frequent power outages suffered since a fire destroyed Bahamas Power and Light’s (BPL) power plant last month.

Criminal charges against MPs once rare, more common now

WHEN North Abaco MP Kirk Cornish was charged in the Magistrate’s Court on Wednesday, it marked the first time in the modern Bahamas that two sitting parliamentarians faced serious criminal charges.

Minister Bowleg excited to see teams compete overseas

MINISTER of Youth, Sports and Culture Mario Bowleg is ready to see Bahamian athletes compete overseas this month.

Capital Football Summer Soccer Championships semifinals all set

AFTER three weeks of competition at the Roscow A L Davies soccer field, the Capital Football Label (CFL) Summer Soccer Championships semifinals are all set.

Restaurant chain eyeing 20% bond for expansion

A restaurant entrepreneur, who financed his expansion via crowdfunding, yesterday said he now plans to offer a short-term bond paying 20 percent interest to fund the $150,000 required for outfitting a third location.

Excursion provider says boating fee hikes ‘crazy’

A Bahamian excursion operator yesterday branded up to ten-fold increases in annual and first-time boat registration fees as “crazy” and warned it threatens to increase the number of unlicensed tour companies.

WSC signs $2.3m industrial agreement with Water and Sewerage Management Union

THE Water and Sewerage Corporation signed a $2.3m industrial agreement with the Water and Sewerage Management Union (WSMU) yesterday, the terms of which are uncertain because the agreement was not released to the press.

‘Smooth sailing’: Resort’s $30m annual GB boost

Fears that a major resort development may have stalled were eased yesterday after it was revealed the project will generate a $30m annual boost for Grand Bahama’s ailing economy once fully operational.

Flamboyant ‘philanthropist’ facing fraud charges retrial

A flamboyant Bahamian businessman and “philanthropist” faces a retrial on fraud and money laundering charges after the Court of Appeal found the rules governing his Post Office Savings Bank accounts were “ignored routinely”.

Union boss: BTC trying to make staff ‘look bad’

A union leader yesterday accused the Bahamas Telecommunications Company (BTC) of trying to make Bahamian staff “look bad to justify” outsourcing local jobs as the carrier’s 2023 first-half revenues fell by $1.4m.

‘We’ll show true story’ on title to $29m cays

A fresh bid to resolve the title to two Exuma cays, valued at a collective $29m, has been launched by some of the parties previously ensnared by the Chief Justice’s land fraud conspiracy ruling last year involving the same islands.

Fidelity mulls five for one stock split

Fidelity Bank (Bahamas) is mulling a five-for-one stock split due to its present share price, its chief executive has revealed, with the long-awaited move finally set to happen this quarter.

GB businessman Kenneth Symonette loses battle with cancer

Well-known Freeport businessman Kenneth Symonette died on Saturday in Grand Bahama after a battle with cancer. He was 63.

MP TO FACE COURT OVER SEX ATTACK CHARGE: Cornish resigns as Parliamentary Secretary, maintains his innocence

NORTH Abaco MP Kirk Cornish maintained his innocence yesterday, hours before he was expected to be arraigned in the Magistrate’s Court concerning sexual assault and death threats in a case that had hovered over the political landscape for most of 2023.

The Tribune

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