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FTX Bahamas: Only we can pursue void payouts
FTX's Bahamian liquidators are asserting they may be the only ones "lawfully" able to pursue "material volumes" of client withdrawals that occurred around the time of the exchange's collapse and may thus be deemed void.
Not all questions answered on Long Island plane crash
AIR accident investigators found that “loss of power resulting in a loss of control inflight” caused a plane crash in Long Island last year that resulted in a woman’s death.
Gov't to 'unleash' $200m Water Corp investments
An MP yesterday said the Davis administration is poised to "unleash" the most ambitious capital investment initiative ever by the Water & Sewerage Corporation with $200m earmarked for 80 projects over a five-year period.
Clubs & Societies June 16th, 2023
The Alpha Kappa Alpha Sorority, Incorporated, Pi Upsilon Omega Chapter in Grand Bahama celebrated its 36th anniversary of sisterhood and service.
Charities asked: Do you hold any of FTX’s $5.4m?
FTX’s Bahamian liquidators are “liaising” with local charities and non-profits over the collective $5.4m in donations they received from the collapsed crypto exchange to determine if they still hold any of these funds.
Andros shipper ‘exceeds every financial projection’
An Andros shipping company, which in summer 2021 was hailed as the largest recipient of financing arranged through the Small Business Development Centre (SBDC), yesterday said it has “beaten every financial projection” since launching.
44 percent of students need ‘urgent intervention’
A LEARNING loss survey found that 44 per cent of public school students require urgent learning intervention, Education Minister Glenys Hanna Martin said yesterday.
‘We knew’ prison would fail accreditation bid
DOAN Cleare, the acting commissioner of corrections, admitted yesterday that the Bahamas Department of Correctional Services failed an accreditation inspection earlier this year, saying officials knew the prison would “fail miserably”.
Just 8% of arable land being used for farming
Just 8 percent of all land allocated for Bahamian farming is presently being used for such purposes, it was revealed yesterday.
Bell on Nassau Cruise Port; Minnis administration ‘executed a bad lease’
IMMIGRATION Minister Keith Bell and former Prime Minister Dr Hubert Minnis clashed over the Nassau Cruise Port yesterday after the Carmichael MP said the Minnis administration executed a bad lease agreement.
Immigration Department collects $80m in revenue ytd; ‘largest in our history’
IMMIGRATION Minister Keith Bell said the immigration department collected nearly $80m in revenue between last July and this March –– the largest in the agency’s history.
Woman accused of unlawful sexual intercourse with a 13-year-old boy
A 36-year-old woman is behind bars after being accused of sexually assaulting a 13-year-old boy last month.
Red-Line Athletics athletes ready for the next step
The Red-Line Athletics track club saw a few of their star athletes cross the stage at the St Augustine’s College graduation ceremony yesterday. The newest members of the class of 2023 celebrated their milestone in front of family, friends, and guardians at the Atlantis Imperial Ballroom. The Red-line Athletes included Alexis Brown Jr, Clinton Laguerre, Tumani Skinner, Johnathon Fowler, Ezthia Maycock, Jadyn Demeritte, and D’Angelo Collie. The athletes are preparing for the next step as they venture into early adulthood.
COURT REJECTS ADRIAN GIBSON’S APPEAL: Temporary stay lifted as justices decide the ruling ‘did not have merit’
THE Court of Appeal ordered Adrian Gibson’s corruption trial to proceed yesterday after rejecting his appeal application against Justice Cheryl Grant-Thompson’s ruling.
Sanctuary for dogs welcomed
The Bahamas Humane Society applauds the incentive of the Bahamas government to create a sanctuary for dogs. It is high time that the plight of animals in the Bahamas be recognised. Potcakes are frequently mistreated and abused and the Bahamas Humane Society has spent the past 99 years trying to alleviate suffering.
Basketball Smiles camp returns for 24th year
BASKETBALL Smiles, one of the most successful Summer Basketball Camps to come out of the United States, will be returning for its 24th year next week.
Attorney General’s office begins medical insurance benefit enrollment; govt pledges to cover 80 percent
ATTORNEYS and Magistrates of the Office of the Attorney General will be provided with medical insurance, it was revealed yesterday.
Total shutdown: Just 1% of firms able to survive Dorian-type blow
Bahamian businesses have warned that commerce on islands hit by future Dorian-type natural disasters will almost completely shutdown with this nation forecast to be the worst-impacted of major Caribbean territories.
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”.
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.
