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FTX SPENT $300M ON PROPERTY BUYS: Court documents reveal valuation of real estate spree
A Bahamian realtor yesterday estimated that the collapsed FTX crypto currency exchange spent $250m and “probably more” on acquiring New Providence real estate, adding: “It was great while it lasted.”
Best-of-3 championship series to begin today
GOVERNMENT SECONDARY SCHOOLS SPORTS ASSOCIATION SOFTBALL & BASEBALL
The Government Secondary Schools Sports Association will begin its best-of-three softball and baseball championship series today at the Baillou Hills Sporting Complex, although there’s still some unfinished business to be completed before it all unfolds.
Fourth annual Caribbean Baseball Cup is coming to The Bahamas
WITHIN days, the prestigious Caribbean Baseball Cup will stage its fourth annual competition on Bahamian soil, thanks to the Bahamas Baseball Association.
FACE TO FACE: ‘Godfather of the Flats’ committed to protecting our natural resources
LONG before climate change, conservation and sustainability became the popular catch phrases that they are today, Prescott Smith was out in the world sounding a clarion call to protect natural resources.
Hundreds queue in search of jobs
HUNDREDS of residents in Grand Bahama gathered at St George’s Gymnasium on Saturday for ‘Labour on the Blocks 2.0’ in hopes of getting off the unemployment line.
McPhee-McCuin and Ole Miss Rebels top Flyers 63-50
It was a grand homecoming for coach Yolett McPhee- McCuin as her University of Mississippi Rebels ran away with their opening game of the Baha Mar Hoops Pink Flamingo Championship at the Baha Mar resort last night.
More than 60 boats expected in 5th Best of the Best Regatta
WITHOUT any major regatta to skipper to accumulate points this year, the Ministry of Agriculture, Marine Resources and Family Island Affairs has opened the field to include more than 60 boats to participate in the fifth Best of the Best Regatta.
Regional investment summit eyes Bahamas as location
THE CARIBBEAN Export Development Agency (CEDA) wants to bring the Caribbean Investment Forum (CIF) to The Bahamas following this year’s successful staging in Trinidad and Tobago this November.
Golden Eagles vs Bruins in Battle 4 Atlantis finale
The championship game for the 2022 Women’s Battle 4 Atlantis will feature a pair of undefeated teams and a tournament filled with upsets sets the stage for an exciting finish this afternoon at the Atlantis resort’s Imperial Arena.
Timeless Gold
ActivTrades
THE fact that gold prices have been subdued over the past year must be one of the most counterintuitive financial market dynamics of recent times. The precious metal is known as a safe haven, and a hedge against rising inflation. We certainly have had plenty of both recently, so why are gold prices down by more than 15 percent in relation to the yearly maximum reached in March? The answer is relatively straightforward: Blame the US dollar.
Rehabilitation of Offenders Committee has expunged 80 criminal records to date
THE Rehabilitation of Offenders Committee has to date expunged the criminal records of 80 people, some of whom were convicted for curfew violations during the height of the COVID-19 pandemic.
DIANE PHILLIPS: Open your eyes and see the beauty of foreign in all of us
ON a bright, sunny morning last week, the students, faculty and staff of LN Coakley Senior High in Exuma poured out of classrooms and gathered along the halls and in the courtyard, filling every available foot of open air.
$250m cruise port: ‘We’ll help Long Island flourish’
The proposed $250m Long Island cruise port will handle up to 12,000 persons daily at full build-out, one of its principals revealed yesterday, adding: “Our goal is to help Long Island flourish.”
Albury and Greene lead Chipola to no.6 ranking
DEYTON Albury and Paul Greene have led Chipola to a no.6 national ranking while the Bahamian contingent at Northeast Community College continues to put up major numbers in their sophomore campaign.
Coach Yo and Ole Miss in Baha Mar Hoops
THE Bahamas will be an active venue for NCAA basketball this month and that list of programmes will include Yolett McPhee-McCuin’s Ole Miss women’s programme. Ole Miss will participate in the eight-team field at Baha Mar Hoops Pink Flamingo Championship at the Baha Mar Convention Centre.
Robinson wins Bahamas Professional Golf Association’s Korn Ferry Qualifier
BOOKS ANOTHER TRIP TO THE GREAT EXUMA CLASSIC
DEVAUGHN Robinson booked another trip to the Great Exuma Classic by winning the Bahamas Professional Golf Association’s Korn Ferry Qualifier by five strokes on Monday at the Ocean Club Golf Course on Paradise Island.
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.
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.
‘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.