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Bahamas ‘big part of the FTX puzzle’
FTX’s Bahamian operation was yesterday branded “a big piece of the puzzle that needs to get resolved” as its provisional liquidators successfully obtained US legal recognition for their ongoing investigations.
Hotel union eyes industrial agreement ‘red letter day’
The hotel union’s president yesterday said it will be a “red letter day” for its several thousand members when their now ten-year wait for a new industrial agreement with the main employer body is ended.
Man sentenced for two years for theft of $80
A MAN was sentenced to two years in prison yesterday after he admitted to stealing cash in a housebreaking in Andros late last year.
Rattlers win opener
SENIOR BOYS EARN 58-49 WIN OVER T-WOLVES, KNIGHTS BEAT CI GIBSON SENIOR GIRLS 47-46
After his senior girls got stunned by one point by the CR Walker Knights, CI Gibson Rattlers coach Kevin ‘KJ’ Johnson made sure his senior boys didn’t go down in the opening games of the Government Secondary Schools Sports Association’s best-of-three championship series.
John Kerry: US ‘delegation here to listen’
UNITED States special presidential climate envoy John Kerry last night told government officials at a welcome reception hosted by the US embassy that every country must join in the fight against climate change and do its part to respond to the crisis for the future generations to come.
Columbian man fined $1,000 on fraud charges and overstaying
COLOMBIAN man was remanded to prison after he was accused of fraudulently having guest cards for the Atlantis and Margaritaville resorts.
Championship time
The Anatol Rodgers Timberwolves, CR Walker Knights, SC McPherson Sharks and the HO Lions got the job done in their sudden death playoff games yesterday at the Kendal Isaacs Gymnasium to book their tickets to the Government Secondary Schools Sports Association’s best-of-three championships.
PETER YOUNG: Horror of a lethal earthquake
WITH video coverage of natural disasters and war zones beamed instantly around the world these days, people have become almost accustomed to witnessing human suffering from afar. But the images and stories of the scale of destruction and horror this past week following Monday’s severe earthquake in southern Turkey and northern Syria have been hard to take in.
Mitchell: Haiti to be a main topic during CARICOM
FOREIGN Affairs Minister Fred Mitchell said yesterday that Haiti is one of the main issues that will be addressed at CARICOM, noting the country’s political and security challenges.
90 kilos of suspected cocaine seized in Bimini
Bahamian law enforcement officials seized over 90 kilos of suspected cocaine – worth $1m – onboard a vessel at the Cat Cay Marina in Bimini on Sunday.
WORLD VIEW: Haiti at the tipping point of becoming fully hostage to criminals
HAITI continues to occupy the concerns of nations around the world, especially its closest neighbouring states.
BOB eliminates ‘external influences’ of past rescue
Bank of The Bahamas has “eliminated a lot of the external influences” that helped produce two taxpayer-funded rescues, its top executive has revealed, with the institution “on track” to hit this year’s $8m-$9m profits target.
Debt jumps $256m on IMF rights borrowings
Much of the $256.2m increase in the national debt during the six months to end-December was driven by the Government’s “use” of $232.3m in IMF special drawing rights (SDRs), it has been revealed.
Jasmine Mackey misses CARIFTA-qualifying time
IN a gutsy performance on Saturday at the Road Runners’ Dianna Lynn Thompson’s Memorial Track Classic, middle distance runner Jasmine Mackey came so close to eclipsing the qualifying standard for the girls under- 20 1,500 metres for the 50th CARIFTA Games.
Moody’s claims that we’re optimistic? We have to be
The Bahamas must “hold the line” on government spending to build investor confidence that it is not solely relying on economic growth “to fund any errors” in its fiscal projections, a well-known banker urged yesterday.
Bran: 'Can't water out of stone' over health VAT
A former Democratic National Alliance (DNA) leader is blasting the Government's "misguided decision" to change the VAT treatment of health insurance claims payouts, arguing: "You can't get water out of a stone."
Sarkis set for August 2024 trial on $2.25bn CCA claim
Baha Mar’s original developer will see his $2.25bn fraud and breach of contract claim against the project’s main contractor go to a full two-week trial before the New York state court in August 2024.
STATESIDE: Restlessness in the US over amount of aid to Ukraine
THERE’S been a lot of talk since the beginning of this year about American resolve.
36th St Valentine’s Day Regatta in Montagu Bay February 18-19
IN keeping the memory of their father alive, the family of the late Eleazor ‘the Sailing Barber’ Johnson will continue with the 36th edition of the St Valentine’s Day Regatta in Montagu Bay next weekend.
Bahamas liquidators explore FTX ‘restart’
FTX’s remaining Bahamas-based staff were paid a collective $635,297 through to end-January 2023 as provisional liquidators explore “options” that may include restarting its trading platform, it was revealed last night.