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$13.4bn flowed through FTX Bahamas accounts
Some $13.4bn flowed through FTX's Bahamas accounts in the ten months immediately prior to the crypto exchange's collapse, its liquidators revealed yesterday, as they sought to dispel allegations it was "a nullity".
Marina chief: Fee rise now 'makes way more sense'
A former Association of The Bahamas Marinas (ABM) president yesterday argued the Government could have allayed fears over major hikes in yacht and boat registration fees if its Budget messaging was better.
Mitchell: Members of Public Service Commission should be full-time to address public servants backlog
FOREIGN Affairs Minister Fred Mitchell said members of the Public Service Commission should be employed full-time to address the backlog of public servants waiting to be confirmed.
Moody’s: Govt must broaden revenue
Moody's yesterday asserted that hitting the Government's fiscal targets "rests on broadening the revenue base" as a prominent banker urged the administration: "Stop saying no new taxes."
BAIC, ZNS get $5.7m for arrears 'clean up'
The Ministry of Finance's top official yesterday said the $5.7m allocated for "balance sheet clean-up" at two loss-making government agencies will likely "widen" in upcoming fiscal years to other state-owned enterprises (SOEs).
'Hanging' no longer: PM affirms NIB rate increase
Private sector executives last night voiced relief that The Bahamas is no longer "hanging on this thing" after the Prime Minister confirmed a National Insurance Board (NIB) contribution rate increase will be implemented on July 1, 2024.
BTC targets Internet lead with 90% fibre coverage
The Bahamas Telecommunications Company (BTC) is aiming to cover 90 percent of New Providence with its new fibre network within the next nine months as it placed broadband Internet at the core of yesterday's corporate rebranding.
Adrian Gibson says roads in Long Island are in ‘unacceptable’ shape
THE state of the roads in Long Island has been criticised by the local Member of Parliament, Adrian Gibson, who declared: “Enough is enough!”
Jonquel, Liberty look to bounce back after Sunday’s loss to Sky
BAHAMIAN Women’s National Basketball Association (WNBA) player Jonquel Jones and the New York Liberty will look to bounce back from this past weekend’s loss against the Chicago Sky.
Bains & Grants Town Summer Games July 24 to August 12
FOLLOWING a successful trial run last year, Member of Parliament Wayde Watson and his committee are looking forward to the hosting of their second annual Bains & Grants Town Summer Games.
BAAA Track & Field champs set for next month
THE Bahamas Association of Athletic Associations is anticipating a grand affair when they host their Senior and Junior National Track and Field Championships next month.
100 celebrated in BTVI dean’s list ceremony
The Bahamas Technical and Vocational Institute (BTVI) celebrated almost 100 high achievers during the institutes inaugural Dean’s List ceremony.
Stars that shine among graduates
The University of The Bahamas (UoB) held its spring commencement ceremony on May 25 propelling 583 graduates from nine academic units towards successful careers throughout the country.
PETER YOUNG: Global summits, where countries meet to establish consensus and end with compromise
It became one of Winston Churchill’s better known maxims – “Jaw, jaw is better than war, war”. Britain’s famous Second World War leader was talking about the desirability of dialogue over destruction in the conduct of relations between states. This put the lie to accusations that he was a warmonger when the evidence showed that he opposed the use of force rather than negotiation with an aggressor in order to protect his country’s interests.
FACE TO FACE: Patriotic, beautiful and proud to be Bahamian
ON July 10, 1973, moments after the midnight hour, the beautiful black, golden yellow and aquamarine Bahamian flag was hoisted for the first time in history.
Budget deals marinas 'another slap in face'
A former Association of Bahamas Marinas (ABM) president yesterday asserted that the Budget has dealt the industry "another slap in the face" through multiple fee increases for dockage and vessel registration.
BPL set for a 'maturity audit'
Regulators are searching for consultants to conduct a "maturity audit" of Bahamas Power & Light (BPL) in a bid to assess the energy monopoly's performance and develop better regulatory oversight.
Haywards ready for GBPA 'sell down' to right partner
The Hayward family is willing to part with some of its Grand Bahama Port Authority (GBPA) ownership interest to aid Freeport's revival, it was revealed yesterday, but does not believe the Government should take "majority" control.
PM: Sin tax? Not this year
PRIME Minister Philip “Brave” Davis said the government would not introduce a sin tax anytime soon.
HUBERT EDWARDS: Bahamas can’t afford for fiscal forecast miss
The Davis administration has delivered a Budget which, while leaving room for discussion and debate on many fronts, gives numbers which are very positive and welcoming news from a fiscal and debt management perspective. The projections suggest that The Bahamas is on the path to a turnaround in its fortunes, providing international and domestic investors with a level of certainty that would not have been anticipated two years ago. But every aspect of this turns on what the final outturn of the 2022-23 fiscal year will be.
