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Judge approves petition for Baha Mar liquidators to 'prevent depletion of resort's assets'

JUSTICE Ian Winder said on Friday that his approval of the government's petition for the appointment of provisional liquidators for the stalled Baha Mar resort development was limited to preventing the depletion of the $3.5 billion resort's assets.

Oshae and Jaimie the victors in first all-female boxing show

FIRST Class Promotions, in conjunction with the Ministry of Youth, Sports and Culture (MOYSC), hosted the first all-female professional world title boxing match in the region this past weekend at the Kendal G L Isaacs gymnasium.

Commission asset turnover as part of FTX’s settlement

FTX Bahamas’ liquidators have agreed to use “commercially reasonable efforts” to ensure some $426m worth of digital assets held by the Securities Commission are transferred to their US counterparts.

‘Something’s got to give’ in Govt’s fight with GBPA

A LONG-STANDING Freeport licensee says “something has got to give” in the struggle between the Government and Grand Bahama Port Authority (GBPA), and warned: “Change is inevitable.”

Fund manager to be ‘little more defensive’

A Bahamian investment bank plans to be “a little more defensive” in 2024 with its stock picks as it targets close to $20m annual asset growth in its main equities investment fund.

ALICIA WALLACE: Time for a different tune than our brand of one-note tourism

We watched another one bite the dust on Monday, over and over again. It instantly became a where-were-you-when moment. The videos and pictures seem endless and I imagine people return to them to experience the thrill, again, of what was once Crystal Palace crumbling before their eyes. It is not often we see demolitions in The Bahamas, so this was quite the spectacle. As the dust settles, many people are sharing memories of Crystal Palace, from teenage sleepovers to working night shifts. The demolition, as some have said, was the end of an era.

BTC retirement offer sparks trade dispute

The Bahamas Telecommunications Company’s (BTC) two unions yesterday revealed they have filed a trade dispute over what the carrier branded “the most generous retirement package in the Caribbean”.

DIANE PHILLIPS: Honouring a man who loved life - and helped change ours forever

No one in the family remembers exactly where or why LeRoy Bowe picked up golf as a hobby. They just know he used to tell the story of how much he loved it, the feel of the swing, the ball arcing high in the air and the extreme satisfaction of its landing where you wanted it to go, so far away.

‘Worrisome’ rise in Central Bank support for Govt

The FNM’s deputy yesterday pledged to probe the “very worrisome” increase in the Central Bank’s financial support for the Government, which had to meet more than $100 million in one-off demands on top of its $86 million first quarter deficit.

Credit bureau benefits will take 'a few years'

THE Central Bank’s governor yesterday said the benefits from creating a credit bureau will take “a few years to materialise” given the data gathering that will be required.John Rolle, in e-mailed replies to Tribune Business questions following Wednes

Cruise lines 'not barred' from port manage bid

A Cabinet minister yesterday said the cruise lines “will not be barred” from bidding to take over Prince George Wharf’s management, adding: “All offers will be judged on merit.”Dionisio D’Aguilar, minister of tourism and aviation, told Tribune Busine

Loretta pledges Public Accounts probe into Baha Mar VAT break

The Opposition’s House of Assembly leader yesterday pledged to launch a Public Accounts Committee (PAC) investigation into revelations that Baha Mar’s construction completion is “fully exempt” from Value-Added Tax (VAT).

Renewed Ginn interest ‘breath of fresh air’

A Cabinet Minister yesterday described renewed investor interest in acquiring the former $4.9 billion Ginn sur mer project as “a breath of fresh air”, confirming to Tribune Business that activity had “spiked” in the past three months.

Minister urges safety on the roads

MINISTER of Transport and Aviation Glenys Hanna-Martin said at the launch of Road Safety Month that the month’s activities are designed to bring a focus to the “terrible public health issue” of people dying in road-traffic accidents or suffering severe, life-altering injuries, such as paraplegia, brain injuries and permanent maiming.

AML chief urges change to BISX pricing method

AML Foods’ chief executive yesterday called for the Bahamas International Securities Exchange (BISX) to change the way it calculates daily stock prices, warning that a small 1,200 share trade can currently “wipe out” $1.5 million in value for his company’s investors.

'Over 250k room night' boost from $18m credit

The Bahamas has generated "over 250,000 room nights" for the Nassau/Paradise Island destination alone during the past year via an $18 million investment in airfare credit promotions, the director-general of tourism yesterday saying he was "bullish" on the industry's outlook.

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