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Sam Bankman-Fried’s Bahamas non-profit in ‘sham’ denial
Allegations that a Bahamian non-profit established by jailed FTX founder Sam Bankman-Fried was a “sham” were yesterday denied by the expatriate executive who oversaw its operations.
Anti-corruption defences: ‘Get them over the line’
Governance reformers yesterday renewed calls for The Bahamas to “accelerate” the full enactment of transparency-related laws and “get them over the line” amid fresh contract controversy.
BTC urged: Prioritise network over 5G with tower sale funds
The proceeds from the sale and leaseback of the Bahamas Telecommunications Company’s (BTC) cell towers would be better invested in other parts of its network than 5G, a union leader argued yesterday.
Water Corp’s debt to main supplier up $7m
The Water & Sewerage Corporation is taking “about as much water” as its main BISX-listed supplier can produce even though its debts to the latter rose 41.5 percent during the 2023 third quarter.
Delta flight to Eleuthera forced to turn back
A FLIGHT to North Eleuthera from Atlanta had to turn around due to airport weather station issues last week.
Ingraham backs FNM candidate bid
FORMER Prime Minister Hubert Ingraham said he supports the Free National Movement’s West Grand Bahama and Bimini by-election candidate, but added that “the FNM had a great history running in by-elections and losing”.
PM: CANCEL PETTY’S DAUGHTER’S WSC DEAL – Davis suggests contract should have ended when relationship was revealed
PRIME Minister Philip “Brave” Davis suggested that the Water and Sewerage Corporation contract Sylvanus Petty’s daughter received should have been cancelled when the relationship between the father and daughter became known.
L W Young Golden Eagles celebrate in special ceremony
IN a special ceremony yesterday morning, the faculty and staff of L W Young Junior High School celebrated its impressive performances from its Golden Eagles’ boys and girls teams in the Government Secondary Schools Sports Association’s volleyball championships.
Tanks didn’t need anything, said a WSC manager in Gibson case
A WATER and Sewerage Corporation employee testified in the Adrian Gibson corruption trial yesterday that water tanks were in “fairly” good condition in 2020 before $260k contracts were awarded for companies to paint them.
THE KDK REPORT: Raising parents is hard work
RAISING parents is hard work. In the Caribbean and perhaps in other locations and cultures as well, children and their parents, under the best of circumstances, maintain an inextricably close bond.
Gov’t eyes purchase of Freeport’s Bazaar
The Government is exploring the potential acquisition of Freeport’s derelict International Bazaar site as the location for its proposed African-Caribbean products marketplace.
BTC cell tower sale to help finance 5G
The Government wants “part of the proceeds” from the sale and leaseback of all the Bahamas Telecommunications Company’s (BTC) 345 cell tower sites to be reinvested in improving services and 5G technology.
ArawakX ‘good undeniable’ yet KC confident on full winding-up
ArawakX’s president says “nobody can deny the good” it achieved as Securities Commission attorneys hailed the appointment of provisional liquidators as vital to “protecting the capital markets”.
Up to $100m targeted in Abaco ports investment
The Government is eyeing a combined $100m investment to transform Abaco’s two commercial shipping ports into facilities that meet global best practices and standards.
$250k paint contract examined in Gibson trial
COMPANIES contracted to paint Water and Sewerage Corporation water tanks were awarded over $250,000 per tank, a WSC employee testified on Friday as Long Island MP Adrian Gibson’s corruption trial continued.
CARIFTA water polo gold, bronze
Bahamas under-14 co-ed team bringing home the medals
With some highly- spirited performances, the Bahamas under-14 co-ed water polo team captured a gold and bronze medal at the CARIFTA Championships over the weekend in Miami, Florida.
Raptors, Knights win cross country titles
THE CH Reeves Raptors and CR Walker Knights won the junior and senior division titles at the Government Secondary Schools Sports Association (GSSSA) Cross Country Championships.
‘This war is against Hamas’
Why is there a war in Israel right now? What are they fighting for and why is it so different from things that happened there in the past?
Unions: BTC owner ‘exporting all value’
The Bahamas Telecommunications Company’s (BTC) two trade unions yesterday voiced fears the carrier will become “a shell company” as they accused its majority owners of “exporting” all its value.
Deflation in the East
ActivTrades
Everyone in The Bahamas is feeling the rising cost of goods, energy and transportation. No matter if you visit the food store, turn on your AC or fuel up your car, you are paying more for these necessities than compared to the previous year. But the inflation rate in the islands is decreasing, and went down from 3.1 percent to 2.3 percent when compared to last year.
