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FTX real estate sell-off can’t cover $256m debt
The sell-off of FTX’s high-end properties “will not be sufficient” to fully repay the $256.3m debt owed to the crypto exchange’s Bahamian subsidiary, it has been asserted.
'We didn't hit $1bn, but we did very well'
The Bahamian high-end real estate market will "do at least as good as 2023 if not better" in 2024, as one major realtor said of last year: "We didn't do $1bn in sales but we did very well."
Mullings soars to new record
AFTER spending the past year working on his technique in a new location, former national decathlon record holder Ken Mullings decided to go back to Urbana, Illinois, to continue his training in his attempt to qualify for the 2024 Olympic Games in July in Paris, France.
Brave, true words at Lyford Cay
Having seen excerpts from the Prime Minister’s speech at Lyford Cay last week, I am left with the hope that we may finally have a government that understands the basic interests of The Bahamas and Bahamians for the first time since that of Lynden Pindling.
Fired Atlantis shop steward now working at hotel union
A former Atlantis chief shop steward, whose firing last year triggered a formal trade dispute, has elected not to return to the resort and is now employed full-time with the hotel union.
Clubs & Societies January, 5th, 2024
On January 10, 2024, at 9.30am, the Alpha Phi Alpha Fraternity, Inc (Iota Epsilon Lambda and Phi Mu Chapters) in conjunction with the University of The Bahamas will host the 2nd Annual MLK High School Students Oratorical Competition.
DIANE PHILLIPS: Road to White House does not run through The Bahamas - What is Ron DeSantis thinking?
Florida Governor Ron DeSantis got lost on his way to the nomination for Republican candidate for US president in the 2024 election.
Petroleum retailers fear ‘another nail in the coffin’
Bahamian petroleum retailers yesterday voiced fears that full Business Licence audits will be “just another nail in the coffin” as they push to meet with the Prime Minister over demands for a margin increase.
BPSU vote results are not ratified
THE registrar of trade unions declined to certify the results of the Bahamas Public Services Union (BPSU) election after investigating complaints about irregularities, according to Labour director Howard Thompson.
Cobras rout Pacers 80-39
The CC Sweeting Cobras senior boys’ basketball team, fresh off their semifinal appearance in the Providence Basketball Club’s Yuletide Classic, made mince meat of the well-rested RM Bailey Pacers.
Four men charged over $2.9m worth of marijuana
FOUR MEN were granted bail yesterday after they were allegedly found with $2.9m worth of marijuana off the coast of Ragged Island last week.
$3m co-working facility 30% booked at launch
A newly-launched western New Providence co-working space was 30 percent booked when it opened on Wednesday, its principal told Tribune Business.
PM spokesman defends $2 tourism expansion
The Prime Minister’s spokesman last night said the $2 levy all Bahamian travellers must now pay will be used to finance further development of this nation’s tourism product for the benefit of all.
Melia middle managers’ dismissal claim survives
A wrongful dismissal claim by 50 middle managers at the former Melia Nassau Beach Resort has been permitted to survive “so that justice may not only be done but be seen to be done”.
Central Bank ease ‘won’t open mortgage avenue’
The Central Bank’s recently-unveiled regulatory easing is unlikely to “open up a new avenue of mortgages” being issued to Bahamian home buyers, a senior banker said yesterday.
Sporting leaders’ sneak preview for year 2024
As the sporting bodies prepare for the 2024 season, leaders of various local associations and federations expressed their views on what they anticipate to do in their respective disciplines.
Are we really the best little nation?
Over Christmas we heard again the saying ‘We, The Bahamas, is the best little country in the world’!
Restaurant hosts murder mystery-themed dinner
An expanding high-end restaurant yesterday unveiled more entertainment with its dining options through the ‘Jazz to Kill’ murder mystery-themed dinner.
Restaurant pledges to showcase local talent
A western New Providence restaurant is pledging to stage more events for patrons as it gets set to celebrate its first-year anniversary next month.
Ex-environment chief 'grasping at straws'
The Bahamas' former top environmental regulator was "grasping at straws" with his last-ditch bid to prevent the $4.85m seizure of his Shirley Street gas station by the Bank of The Bahamas' bail-out vehicle.