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Deputy PM confident that Security Commission can handle FTX fallout
DEPUTY Prime Minister Chester Cooper yesterday expressed confidence in the Security Commission’s ability to handle matters related to FTX’s fallout, adding “we have had curve balls thrown at us before in financial services and we persevered.”
Plans to deter youth from crime
NATIONAL Security Minister Wayne Munroe said his ministry plans to launch a series of crime prevention programmes in the coming days geared towards youth to help deter them from turning to a life of crime.
‘Minimal exposure’: Central Bank demands FTX report
Bahamian bankers yesterday predicted the industry has minimal exposure to FTX after regulators demanded the sector disclose all business dealings with the collapsed crypto currency exchange.
Mighty Warriors take home boys’ soccer title
Sybil Strachan pulled off an impressive 5-1 victory over Claridge Primary to win the Bahamas Football Association’s New Providence Public Primary Sports Association boys’ soccer title, while Eva Hilton added the girls’ crown to their triumph in the golf tournament held earlier this year.
‘No one cares about the women’ on national basketball team
AFTER all of the sacrifices made and the hard work that they put in, head coach Donillo ‘Donnie’ Culmer said he’s disappointed that the Bahamas Basketball Federation pulled the plug on their trip to Mexico for the Centrobasket tournament.
Concerns that hotel tax breaks unduly exploited
A BAHAMIAN businessman has voiced concerns that foreign investors are unduly exploiting Hotels Encouragement Act incentives to obtain tax breaks on construction materials for large vacation rental properties.
Abaco businesses see minimal Nicole impact
ABACO businesses say they largely fared well during Hurricane Nicole with little to no damage reported, although water had yet to be restored to the island’s north before press time last night.
DPM: We can survive ‘curveball’ from FTX
THE Deputy Prime Minister yesterday voiced confidence that the Bahamian financial services will survive the latest “curveball” thrown at it by the FTX crypto exchange’s sudden implosion.
BTC prize to finance US expansion for runner-up
THE runner-up in the Bahamas Telecommunications Company’s (BTC) Inknowvation pitch challenge is planning to use their $3,000 cash prize to expand into the US market.
VAT’s ‘real’ 15% rise since January’s cut
The Davis administration last night said real VAT revenues increased by 15.1 percent year-over-year following the New Year’s Day rate cut with the deficit for the 2022-2023 fiscal year’s first quarter slashed by $116.4m.
Arawak port beats Q1 profits target by 56%
Nassau’s main commercial shipping port is targeting an $808,000 year-over-year increase in net profits for its 2023 financial year after first quarter net income exceeded forecasts by some 56 percent.
BNT ‘not worried’ about roadworks ahead of Jollification
BAHAMAS National Trust Executive Director Eric Carey said yesterday the organisation is “not worried” about the ongoing roadworks on Village Road despite its Jollification festival set for this weekend.
Man survives Shark attack in Andros
AN Andros man is breathing a sigh of relief after having survived a brutal shark attack on the island over the weekend.
FTX implosion threatens perfect ‘40 of 40’ in financial crime fight
The Bahamas’ bid to achieve full compliance with all global anti-financial crime standards before year-end may have been endangered by the implosion of the FTX crypto currency exchange, it can be revealed.
Shaunae doesn’t make Athlete of the Year list
With the voting procedure closed on October 31, Bahamian quarter-miler Shaunae Miller-Uibo fell short of making the list for the final five for the World Athletics’ Women’s Athlete of the Year.
Lightbourne and Dames lead KCKCC to upset over no.19 Pirates
THE Kansas Community College Blue Devils have opened the season with one of the most difficult schedules in all of junior college basketball and got their first upset win over a ranked team led by its talented Bahamian duo.
Bahamas crypto exchange to ‘prove’ financially sound
A SECOND Bahamas-based crypto currency exchange yesterday pledged to publicly disclose “proof” of its financial soundness and reserves in a bid to reassure jittery investors following the implosion of rival FTX.
Pharmacies ‘doing good’ on price control changes
PRIVATE pharmacies have “been doing good” and “progressing” since reaching their price control deal with the Government, the Bahamas Pharmaceutical Association’s (BPA) president said yesterday.
Artists team with union body to place culture at forefront
A BAHAMIAN artists and entertainers’ union has joined the Trades Union Congress (CBTUC) after a two-and-a-half-year wait for recognition, with a labour leader asserting yesterday: “You can’t have a country without culture.”
Business destroyed by Dorian is ruined again by Nicole
MEDIOUS Edgecombe, the owner of Coopers Town Marine, is in good spirits despite his business being destroyed by Hurricane Nicole after barely recovering from the aftermath of Hurricane Dorian.
