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Minister: No ‘sweeping lay-offs’ from minimum wage increase

A Cabinet minister yesterday voiced confidence “there won’t be sweeping lay-offs” as a result of the 24 percent minimum wage increase despite previous warnings by petroleum retailers that they ma be forced to terminate staff.

Gas stations to ‘manage’ minimum wage increase

Petroleum retailers yesterday the minimum wage increase was something they “all have to manage” as they continue to push for a change to the industry’s fixed-margin business model.

Canary in a coal mine

ALARMING GLOBAL FALL IN SPERM NUMBERS

IN THE 1900s, British coal miners were exposed to carbon monoxide and other lethal toxic gases. John Scott Haldane and his research on carbon monoxide would in that age provide a solution of using canaries, as early indicators of trouble prompting the miners to evacuate.

FTX claim over $300m in assets

THE new ownership of FTX has accused the joint provisional liquidators (JPL) in The Bahamas of conspiring with the Securities Commission of The Bahamas (SCB) in hiding $300m in assets during the liquidation process.

FTX founder Sam Bankman-Fried pleads not guilty in New York

NEW YORK (AP) — FTX founder Sam Bankman-Fried pleaded not guilty in Manhattan federal court Tuesday to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform.

A massive U-turn in China

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Having maintained a strict zero- COVID policy for almost three years, the Chinese government had become a prisoner of it. The strategy was designed to address the low vaccination rates of the elderly population (80 million people aged 80+ years are not vaccinated and 44% of the population did not receive the third dose, this percentage rising to 60% among people aged 80+ years). And, although studies in Hong Kong comparing CoronaVac with BioNTech’s vaccine have not been conclusive, the Chinese government did not seem to have much confidence in the degree of immunity provided by their own vaccines.

Commission denies claims by FTX’s chief executive

The Securities Commission of The Bahamas has denied allegations of directing the failed crypto-exchange FTX to mint $300m tokens prior to its collapse.

PM priorities include jobs, youth and inflation

THE government’s top priorities for this year will include tackling inflation, creating more job opportunities for Bahamians and fostering youth empowerment, Prime Minister Phillip Davis said yesterday.

UPDATED: Couple shot dead in their sleep

Two men are being questioned by police after a man and woman were shot dead in their sleep early on Monday morning.

Bail denied for Canadian after $300k of drugs found in luggage

A CANADIAN man was denied bail in Magistrate’s Court on Friday after he was allegedly found with nearly $300,000 worth of marijuana in his luggage at LPIA.

C I Gibson Rattlers win senior boys’ title

It went right down to the wire as the CI Gibson Rattlers prevailed with the senior boys’ title over the Jordan Prince Williams Falcons in a nail-biting championship game that brought the curtain down on the Providence Storm Basketball Club’s 2022 Holiday Classic at the CI Gibson Gymnasium.

Jordan Prince Williams Falcons Jr Boys’ champions

JORDAN Prince Williams Falcons pulled off an impressive 54-19 victory over St John’s Giants to win the junior boys’ title in the Providence Storm Holiday Classic at the CI Gibson Gymnasium on Friday.

Tapping into loan ‘like printing money’

OPPOSITION leader Michael Pintard has warned of “grave concern” over the government tapping into $232m International Monetary Fund (IMF) special drawing rights (SDR), warning of the “equivalent of printing money”.

Tributes paid in final farewell to Andrew 'Dud' Maynard

PRIME Minister Philip “Brave” Davis with other officials joined the family and friends of Andrew “Dud” Maynard in a final farewell to the former parliamentarian at his funeral on Friday.

Man admits attacking woman, damaging her phone

A MAN was placed on six months' probation on Friday after admitting attacking a woman and damaging her phone.

ONE ELEUTHERA FOUNDATION: Break the status quo

REFLECTING on 2022, one of the most significant milestones for One Eleuthera Foundation (OEF) was our organisation’s 10th anniversary, celebrated on April 22nd (Earth Day.)

Respects paid to ‘Dud’ Maynard

OFFICIALS yesterday remembered the life and legacy of former parliamentarian Andrew “Dud” Maynard, calling him someone who valued country over politics.

UPDATED: Ministry gives update on MV Onego Traveller

The Ministry of Transport and Housing has issued an update on MV Onego Traveller:

FTX’S $3.5BN HELD ‘FOR SAFEKEEPING’: Value of assets controlled by Securities Commission is confirmed in statement

MORE than $3.5bn worth of digital assets from FTX Digital Markets have been transferred to digital wallets that are now under the control of the Securities Commission of The Bahamas “for safekeeping”, it was revealed last night.

Priority projects must be rolled out

In short order, 2022 would have rolled out and many of us will be greeting 2023 with great expectations and open arms, as we should.

The Tribune

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