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Bahamas liquidators detect ‘serious fraud’ signs at FTX
FTX’s Bahamian provisional liquidators have yet to gain control of all its assets amid signs that “serious fraud and mismanagement” may have caused the group’s collapse, it has been revealed.
Sebas: $6.4m Abaco dome contract leaves ‘bitter taste’
Sebas Bastian last night said his Brickell Management Group (BMG) had “a bitter taste in our mouth” after losing money on the $6.4m contract to construct 213 dome homes in Abaco post-Hurricane Dorian.
Pintard says minister ‘misled House’ on BPL fuel hedging
The Opposition’s leader yesterday accused a Cabinet minister of “misleading Parliament” after he admitted the Davis administration rejected proposals “that had the potential to save the Bahamian people $100m”.
‘Not out of woods’ despite lowest deficit for 10 years
The Prime Minister yesterday warned Bahamians “we are not yet out of the woods” as he hailed the lowest first quarter fiscal deficit “in more than ten years”.
BTC revenue growth slows to only 1.3%
The Bahamas Telecommunications Company’s (BTC) year-over-year revenue growth slowed to just 1.3 percent year-over-year for the 2022 third quarter even though it remained ahead of prior year comparatives for the first nine months.
GB to host Labour on the Blocks 2.0 job fair
NEARLY 30 companies and over 200 jobs will be available at the Labour on the Blocks 2.0 job fair in Grand Bahama this weekend, said Labour Director Robert Farquharson yesterday.
FTX INVESTIGATION ‘OF HIGHEST ORDER’: PM says effort will be coordinated with authorities in other jurisdictions
AFTER the collapse of FTX, Prime Minister Phillip “Brave” Davis said he has ordered that local investigations be of the highest order and given precedence, adding that investigations will be a coordinated effort with “duly appointed authorities” in other jurisdictions.
PM defends Govt travel spending
PRIME Minister Phillip “Brave” Davis yesterday defended his administration’s travel expenditure for the first quarter of the 2022-23 fiscal year, days after the Ministry of Finance reported a $2.3m increase in government’s travel spending when compared to the same period in the previous fiscal year.
Police can’t confirm if McFarland recently visited
POLICE Commissioner Clayton Fernander said police are working to identify the complaints against Fyre Festival organiser Billy McFarland, adding they cannot confirm if he has returned to the country recently.
Masks are no longer required in classrooms
MASKS are no longer required in indoor classroom settings, officials announced yesterday.
Memorandum of Understanding signed with the African Export-Import Bank
A MEMORANDUM of understanding was signed between the government and the African Export-Import Bank, allowing The Bahamas to join other Caribbean states in establishing a partnership with the multilateral trade finance institution.
Champions crowned in the BAISS
The Bahamas Association of Independent Secondary Schools decided softball champions in three of its four divisions at the Freedom Farm Baseball Complex last night.
King and Bluejays undefeated so far
FREDRICK King and the no.9 ranked Creighton Bluejays are off to an expected undefeated start to the season.
ALICIA WALLACE: Many ways to meet the need for companionship
SOCIAL media is, and has always been, complicated. The platforms are fickle and the moderation is never strong or swift enough. Open to everyone, these platforms can become chaotic. While we can largely curate our feeds by choosing who and what we follow and like carefully, more and more, we are being exposed to what they follow and like. Many of our feeds are flooded with content we never chose to see, both because we are seeing others’ activity and ads are taking up a significant amount of space.
Harbour woes ‘threaten life, immense damage’
Nassau’s main commercial shipping port is renewing warnings that failure to repair the harbour’s western breakwater could “result in immense damage to, and threaten life”, in the city centre.
Pintard to take BPL woe to Public Accounts Committee
The Opposition’s leader says he will place Bahamas Power & Light’s (BPL) up to 163 percent fuel charge increase before Parliament’s spending watchdog in a bid to uncover how much government “errors” are costing Bahamians.
Govt in final stages of selecting Grand Bahama airport redevelopment ‘provider’
THE Davis administration is in the final stages of selecting “a provider” for the redevelopment of the Grand Bahama International Airport, according to Tourism, Investments and Aviation Minister Chester Cooper.
Great Commission Ministries to break ground for $3m shelter in January
GREAT Commission Ministries expects to break ground for the construction of a $3m shelter in January, with an estimated $30,000 saved so far for the venture.
Mask mandate relaxed for schools
The Ministry of Health & Wellness has released a statement advising the public that effective 14th November, 2022 the mask mandate for all persons in an indoor classroom setting in an educational institution has been relaxed. This amendment is reflected in the Health Services (COVID-19)(PREVENTION AND MANAGEMENT OF COMMUNITY SPREAD)(AMENDMENT) Rules, 2022.
Police call for vigilance during Christmas season
POLICE have warned people to be more vigilant and take the necessary precautions to avoid becoming victims of crime this Christmas season.
