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Total $1.4bn SOE debts pose ‘a significant risk’

Total debts owed by the Government’s state-owned enterprises (SOEs) have hit $1.4bn to become “a significant risk” by exceeding 10 percent of annual economic output, the IDB has warned.

URCA proposes 20% expansion in budget

The Utilities Regulation and Competition Authority (URCA) is for the second consecutive year proposing a major hike in its operating budget via a near-20 percent increase for 2024.

Holiday heartaches for the families of those still missing

THIS Christmas season is anything but merry for families still hoping for the return of their missing relatives. Kyle Carey and Daniel Padilla, Jr, disappeared on May 11 and October 2, respectively.

CARIFTA countdown

The countdown is now officially on for the 2024 CARIFTA Aquatics Championships slated to be held right here on home soil at the Betty Kelly-Kenning Aquatic Centre March 28 to April 7.

I-BAP collaborates with Electric City Bombers to host Christmas camp

WITH 2023 now winding down, I-BAP (Bahamas Athletic Pride) in collaboration with New York’s Electric City Bombers intends to host a pop-up Christmas camp this Saturday at the Baillou Hills Sporting Complex.

EDITORIAL: Should the name of Nassau’s historic hotel change?

“What’s in a name? That which we call a rose by any other name would smell just as sweet.” So says William Shakespeare as Juliet longs for Romeo though finds that it “tis but thy name that is my enemy”.

Commission asset turnover as part of FTX’s settlement

FTX Bahamas’ liquidators have agreed to use “commercially reasonable efforts” to ensure some $426m worth of digital assets held by the Securities Commission are transferred to their US counterparts.

Abaco residents renew water billing complaints

An Abaco resident says she has been hit with a $1,300 Water & Sewerage Corporation bill despite being absent from her property for over three years after it was devastated by Hurricane Dorian.

Gov’ts $544m undershoot on Dorian and COVID-19

The two greatest crises in modern Bahamian history resulted in the Government’s 2019-2020 revenues falling $544.1m short of their target, its leading fiscal watchdog has affirmed.

‘Landmark breakthrough’: FTX Bahamas strikes new Ray deal

FTX’s Bahamian liquidators yesterday hailed the settlement reached with their US counterpart as “a landmark breakthrough” that will avoid “years of protracted litigation” which would cost creditors dearly.

Focus on cost of living issues

LET me state from the outset that I am a dyed-in-the-wool capitalist. I do not subscribe to the malevolent Marxist school of thought which is diametrically opposed to the Judeo-Christian worldview.

Man charged with stealing scooter and cash granted bail

A MAN was granted bail yesterday after being accused of stealing a man’s scooter and extorting $200 cash from him last week.

BAAA Odd Distance Meet all set for Friday

THE Bahamas Association of Athletic Associations (BAAA) will get an early start to the track and field season beginning with the Odd Distance Meet scheduled for Friday at the original Thomas A Robinson Stadium.

Renewable investors tour Eleuthera plants

A group of potential investors yesterday toured Eleuthera power plants as the Government’s Family Island renewable energy sought to build momentum.

PETER YOUNG: New initiative by Bahamas to combat climate change

TWO years ago at the UN’s Conference of the Parties on climate change, COP26 in Glasgow, Prime Minister Philip Davis delivered a memorably impressive speech. He spoke eloquently and in dramatic language about the potentially catastrophic effects of climate change and global warming on low-lying Small Island Developing States (SIDS) like his own, in particular as a result of rising ocean levels.

FACE TO FACE – A long journey upwards: Janet McKenzie earns ACP after 30 years of service

FOR the first time in the history of the Royal Bahamas Police Force, two women were promoted to the lofty position of Assistant Commissioner of Police at the same time.

No Xmas ‘shock’ over food prices

Super Value’s president yesterday said consumers “won’t be shocked” by food costs over the Christmas period as she voiced hope for price stability in 2024.

‘Unacceptable’ delay on ‘Ninety’ ruling, says judge

A SUPREME Court judge said he regretted the “unacceptable” and “inexcusable” length of time it took him to issue his judgement on Samuel “Ninety” Knowles’ legal action against government officials who surrendered him to the United States in 2006 before his habeas corpus application was heard in The Bahamas as scheduled.

Man charged with stealing and 24 breaches while on bail

A MAN was sent to prison yesterday after he allegedly breached his curfew 24 times this year while on bail for four counts of armed robbery.

Man charged with possession of hemp with intent to supply

A MAN was fined $6,500 yesterday after admitting to having $3,040 worth of marijuana products in his home last week.

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