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FTX Bahamas liquidators not 'nuked' from reversal
The Bahamas' status as a non-nuclear power did not influence the decision to refuse FTX's local liquidators relief from the worldwide asset freeze imposed by Chapter 11 bankruptcy proceedings, a Delaware judge has asserted.
Navy called in as severe flood levels hit Exuma
RESIDENTS in Exuma suffered “severe flooding” over the weekend, Deputy Prime Minister Chester Cooper said yesterday, adding a Royal Navy vessel has been called in to help pump out water from affected areas.
PM: INDECENT NOT TO ACT OVER HAITI – Davis warns there may be no perfect solution for nation facing crisis
PRIME Minister Philip “Brave” Davis said that doing nothing about the crisis in Haiti “violates every notion of decency”.
Rhema Otabor wins NCAA javelin title
NEBRASKA'S junior Rhema Otabor got the early lead and held on for a personal best and collegiate leading mark to win the women's javelin title at the National Collegiate Athletic Association Outdoor Track and Field Championships in Austin, Texas.
Wildcats, Avengers upset in flag football semi-finals
The Bahamas Flag Football League (BFFL) semifinals saw both defending champions ousted from the playoffs this past weekend.
Baha Mar Resort Foundation hosts first golf invitational
The Baha Mar Resort Foundation hosted an inaugural golf invitational this past weekend at the Royal Blue Golf Club.
Bahamas poised for first on NYSE listing
The Bahamas is poised to be the first country to list a “natural asset” on the New York Stock Exchange (NYSE) with "conservative" forecasts that it could generate between $300m-$400m in new revenues from monetising blue carbon credits.
New faces, same story
ActivTrades
The re-elected Turkish president, Recep Tayyip Erdoğan, wanted to calm the markets and settle the Turkish currency crisis with the new finance minister, Mehmet Şimşek. But the plan did not work, and the lira hit a new record low on Friday last week.
BPSU members call for meeting with PM
DOZENS of financial and accounting officers gathered outside the Prime Minister’s office Friday in a show of frustration at the lack of promotions in the Finance Ministry.
Deputy PM: New Grand Bahama airport on track to open first quarter of 2025
DEPUTY Prime Minister Chester Cooper, Minister of Tourism, Investment, and Aviation, said the development of a new airport in Grand Bahama is still on track for opening in the first quarter of 2025.
UK tells Bahamas: Let’s expand 295% export rise
The UK wants to build on last year's 295.1 percent increase in Bahamian exports and thus cure its "historical commercial underrepresentation" in this nation, its trade chief for Latin America and the Caribbean has revealed.
Cruise giant slashes PI buildings by 24k sq ft
Royal Caribbean has pledged to reduce the size of building structures for its $100m Paradise Island project by a combined 24,000 square feet while "building the least amount of infrastructure as possible".
Developer eyes $5m New Providence move
A Bahamian developer yesterday disclosed it plans to invest up to $5m in developing a 2.3-acre project close to Lake Cunningham that will provide medical services to western New Providence residents.
FTX: $7.7bn owed to Bahamas ‘misleading’
A key financial adviser to FTX's US chief yesterday disputed as "misleading" assertions that some $7.7bn is currently owed to the failed crypto exchange's Bahamian subsidiary.
Metrology Lab strengthens Bahamas Standards Bureau
THE Bahamas Bureau of Standards and Quality (BBSQ) hosted the 2023 Bahamas National Quality Policy Re-Engagement Forum yesterday, introducing a new mass metrology lab.
Govt’s MYGATEWAY portal hits 100K users, as additional services soon to be added
MYGATEWAY, the government’s centralized system for digital services, now has 100k registered users.
AIMING TO MAKE HISTORY: Wildcats target fourth straight league title
The Paradise Games Wildcats are aiming to complete an historical feat in The Bahamas Flag Football League (BFFL): winning four straight league titles.
Bahamas National Swimming Championships get underway next weekend
The Bahamas Aquatics Federation will host the 2023 Bahamas National Swimming Championships next weekend. The 51st edition of the swimming nationals will commence from June 15 to June 18 at the Betty Kelly Kenning National Swim Complex. The event will feature age groups of 8 and under, 9-10, 11-12, 13-14, 15-17 and 18 and over. The event will serve as an early qualifier for the 2024 Paris Olympic Games and the CARIFTA swimming championships in April next year.
Govt to increase annual boat registration fees while eliminating duty and VAT on new vessels
THE government is increasing annual boat registration fees while eliminating duty and value-added tax on vessel purchases.
Marina chief: Fee rise now 'makes way more sense'
A former Association of The Bahamas Marinas (ABM) president yesterday argued the Government could have allayed fears over major hikes in yacht and boat registration fees if its Budget messaging was better.
