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FTX chief’s $460m deal with Bahamas fund firm
FTX’s US chief yesterday unveiled a $460m settlement with a Bahamas-based fund manager that received hundreds of millions of dollars in the months leading up to the crypto currency exchange’s collapse.
GB to Abaco power cable ‘fraught with complications’
Grand Bahama Power Company’s top executive says running an electricity cable to Abaco is “fraught with complications” and remains a “longer-term opportunity” it plans to explore.
Six pit bull attack ends with two euthanised
TWO pit bulls will be euthanised after attacking a woman, leaving her hospitalised with severe injuries.
Davis says uphill battle on US gun makers case
PRIME Minister Philip “Brave” Davis said although it will be difficult for Mexico to win a case seeking to hold US gun traffickers accountable for the spread of guns in the region, The Bahamas needed to support the action to send a strong message to US lawmakers.
‘HUMBLE APOLOGY’ TO FURIOUS PM BY TOBY SMITH – “Deeply disturbed’ Davis: I’m the one left betrayed by developer’s comments
A Bahamian entrepreneur yesterday made a “humble apology” after the Prime Minister reacted furiously to assertions he had “betrayed” him by failing to honour earlier pledges to approve his $3m Paradise Island project.
‘Deck stacked in our favour’ on arbitration
THE PRIME Minister yesterday described The Bahamas’ efforts to establish itself as an international arbitration centre as “long overdue”, and added: “The deck is stacked in our favour.”
Home rental regulation
Permit me space in your newspaper to comment on the proposed Tourism Development Corporation of the Bahamas Bill which I understand was pulled from the House today.
Harbour Bay parking
Annoyance is a mild description when trying to shop at Harbour Bay Shopping Centre – where do the potential shoppers park?
Fun run/walk on final morning of CARIFTA
The Bahamas Association of Athletic Associations (BAAA) has officially launched the “Let’s Move Bahamas” fun run/walk.
Men’s soccer showdown tomorrow
THE Bahamas Football Association (BFA) will host the CONCACAF Nations League match between the Bahamas men’s national soccer team and Trinidad & Tobago at 4pm this Friday.
Nassau Gymnastics seeks funding for better facilities and exposure
NASSAU Gymnastics seeks financial support and equipment for young gymnasts after their Gasparilla Classics and Florida Crown performances.
Officers who assaulted two Haitian migrants on paid leave pending investigation results
THE immigration officers who attacked two Haitian men in a barber shop last month are on paid administrative leave. Immigration Minister Keith Bell said yesterday the investigation into their matter is ongoing and will take “as long as necessary” to ensure the right outcome.
Oban revival dismissed despite $2.5bn plans
Talk of reviving the $5.5bn Oban Energies oil refinery deal has been dismissed as “foolishness” by the Prime Minister’s spokesperson although an “introductory call” was held with the project’s new owners soon after the 2021 election.
Gov’t challenged: Disclose Royal Caribbean’s PI deal
The Bahamian entrepreneur bidding to restore Paradise Island’s lighthouse yesterday challenged the Government to disclose full details of the revised Royal Caribbean deal that has “massive hurdles” to overcome.
Commission seeks FTX $426m asset resolution
The Securities Commission is anxious to resolve the ownership of $426m in FTX digital assets under its control due to the ongoing costs it is incurring to secure them, it has been revealed.
$200m GB airport deal can help solve Lucayan ‘eyesore’
A Hayward family member has voiced optimism that Grand Bahama International Airport’s $200m transformation will serve as a “catalyst” for the sale of a Grand Lucayan resort that has become “a bit of an eyesore”.
PI entrepreneur ready ‘at stroke of PM’s pen’
The Bahamian entrepreneur seeking to restore Paradise Island’s lighthouse yesterday revealed his financing needs have been “oversubscribed by more than 300 percent”, as he urged the Government: “Make good on our deal.”
BAHAMAS JOINS LAWSUIT DEMANDING US GUN MAKERS ‘PAY UP $10BN’: Case holds manufacturers accountable for harm caused by their products
THE Bahamas has joined a $10bn lawsuit to hold US gun manufacturers to account for the spread of firearms throughout the region, Prime Minister Philip “Brave” Davis said last night.
DPM pledges complete tourism bill consultation
THE DEPUTY Prime Minister yesterday pledged there will be full consultation over the Tourism Development Corporation (TDC) Bill after it was withdrawn from House of Assembly debate following an outcry by the private sector.
‘Big mistake’ to rush 15% minimum tax
A BAHAMIAN financial services provider yesterday warned it would be “a big mistake” for this nation to rush into implementing the 15 percent global minimum corporate tax rate without first ensuring such a move benefits its economy.
