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Gov’ts GBPA arbitration ‘no confidence inspirer’

FREEPORT’S governing authority yesterday warned that the Government’s latest bid to collect on allegedly outstanding expenses does “not inspire confidence” in the city and its $1.5bn investment “pipeline”.

PharmaChem client pulled plug on overrun, output woe

PHARMACHEM Technologies’ sole customer yesterday confirmed to Tribune Business that it pulled the plug on the Bahamian drug maker due to cost overruns and its failure to meet production timelines.

FTX Bahamas wind-up ‘halted’ if no Ray deal

FTX’s Bahamas wind- up “would be halted” without a deal with their US adversary, its liquidators have revealed, as they seek an extension to the legally-mandated 90-day deadline to hold a first creditor meeting.

Glover-Rolle assures workers will not be disenfranchised by NIB rise

LABOUR and Public Services Minister Pia Glover-Rolle said her ministry would ensure workers are not disenfranchised when National Insurance Board contributions increase later this year.

Witnesses recount shark attack as Deputy PM says govt looking at regulations

TWO Americans who witnessed a shark attack at Atlantis on Monday said their experience was peaceful but turned dark when the ten-year-old victim was attacked.

Inflation hits lowest annual increase since early 2021

INFLATION continued to slowly moderate in October 2023 with the trailing 12-month increase of 2 percent at its lowest level for more than two-and-a-half years.

Law firm unveils four promotions

A BAHAMIAN law firm has promoted two attorneys to senior associates while confirming another duo as associates after they completed their pupillage.

Security firms hope for spike in January

SECURITY firms yesterday said they are hoping for a spike in business during the typically-slower January due to the skyrocketing murder rate and increased fear of crime.

Bahamians told no visa is needed for UK travel

THE British High Com- mission yesterday advised that Bahamians do not have to fill out Electronic Travel Authorisations (ETAs) to enter the UK contrary to what a widely-circulated video is claiming.

Gov’t to protect casual worker on NIB rate rise

A CABINET minister yesterday said the Government is seeking to prevent casual and part- time workers from being “disenfranchised” through the upcoming National Insurance Board (NIB) rate increase.

FTX’s GoldWynn condos to be ‘absorbed at market value’

THE eight GoldWynn condo units newly-acquired by FTX’s Bahamian liquidators will be “readily absorbed by the market” when put up for sale, the project’s developer predicted yesterday.

Fishermen ready to protest boat registration fee hikes

A senior fishermen yesterday asserted he has "no intention of paying" a more than eleven-fold increase in boat registration fees with the industry said to be ready to protest in Rawson Square over the hikes.

FTX liquidators prevent $8m GoldWynn 'forfeit'

FTX's Bahamian liquidators prevented a near-$8m loss by completing the acquisition of eight condo units in the GoldWynn development at Goodman's Bay, it has been revealed.

Tourism chief ‘doesn’t see’ US crime travel advisory

The Bahamas is not presently in danger of suffering a US travel advisory over the recent murder spike, a senior hotelier asserted yesterday, adding that it was not yet "a major concern for tourism.

Commission 'content' to hand over $426m FTX digital assets

The Securities Commission plans to seek Supreme Court approval to transfer some $426m worth of digital assets it is safeguarding into the care of the liquidators for FTX's Bahamian subsidiary.

FTX Bahamas: ‘Best deal to avoid asset extinction’

FTX’s Bahamian liquidators are asserting the settlement with their US adversary “represents the best deal” possible given that lengthy legal battles would slash creditor recoveries “possibly to extinction”.

FAMILY IS LEFT TO SLEEP ON GROUND: Mom and six kids left homeless as demolitions resume

ROSELYN and her six children slept outside on the ground on Monday after their home was demolished in the unregulated All Saints Way community.

Chamber chief unaware of Freeport investor deterrent

Grand Bahama’s Chamber of Commerce president says he is unaware of investors being deterred from coming to Freeport despite the “rather cumbersome” approvals process.

Accounting urged over road repair cancellation

A South Andros businessman yesterday called for an accounting to determine how much taxpayer money has been wasted through the cancellation of a multi-million dollar road repair contract.

Social spending better than price controls on living cost

The Government’s former top financial official yesterday argued that increased social spending would better help Bahamians struggling with the cost of living crisis than the imposition of price controls.

The Tribune

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