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FTX chief targets Bahamas property ‘misappropriation’

FTX’s founder and two of his closest associates were last night accused of “misappropriating” some $4.86m of client monies to acquire high-end Bahamian real estate that they subsequently put in their personal names.

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DIANE PHILLIPS: How did the future get here so fast?

There is a phobia for just about everything. Fear of heights, fear of open spaces, fear of looking ridiculous, no just made that up. But the fear I find most relevant to all of us in The Bahamas is something I just learned the name of. It’s called Chronophobia and it is a fear of the future.

Top Aliv exec: BTC has nothing worth copying

Aliv’s top executive has thrown down a challenge to the Bahamas Telecommunications Company (BTC), saying he sees nothing in its product offerings worth imitating.

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100JAMZ seeks review over licence takeover decision

THE People’s Radio Station, 100JAMZ, has initiated legal action against the Broadcast industry’s watchdog – URCA – for approving the takeover of ZSR Sports Radio 103.5FM on the grounds that the regulators’ legal interpretation of the grant of the Ba

Dorian 'hangover' greater concern for Briland hotels

Harbour Island hoteliers say the post-Dorian “hangover” is a greater concern than the Christmas power blackout, with one resort voicing optimism it can “make up” a 16 percent January booking gap. Dean Spychalla, general director for Valentine’s Reso

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Milo Butler aims to ‘reignite’ Freeport

The Milo Butler Group is aiming to “reignite” downtown Freeport via a potential $10m investment, with renovations to the former City Markets building set to finish within the next 90-120 days.

BTC creates 145 jobs

The Bahamas Telecommunications Company (BTC) has created 145 full and part-time jobs since its immediate post-privatisation downsizing, its chief executive adding that another 200 employees - some of whom had been waiting 10 years - were either promoted or “reclassified” within the company.

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Miller hits back at 'psycho' critics

EMBATTLED Bahamas Electricity Corporation Executive Chairman Leslie Miller yesterday defended himself and his family against “vicious” online attacks from “psychos” while seeking to reassure Bahamians that mechanisms will be established to prevent repeats of last week’s island-wide power outage.

CLUBS AND SOCIETIES 04062015

Cycling Club Bahamas. - Weekend events: Friday (Holiday) Labour Day & Saturday - leaving 6am sharp from Harbour Bay Shopping Centre in front of First Caribbean Bank 30 miles headed west. In order to complete this ride, it is recommended that you have done some recent cycling, Leaving P/I bridges optional at the end. The pace will range from 18–20+mph, two-hour duration.

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Baha Mar plant eyes $13m from local investors

THE developer of Baha Mar's proposed renewable energy plant is seeking to part-finance the project through raising $13 million in capital from Bahamian investors via a preference share issue, Tribune Business can reveal.

Gov't to 'replicate' NP landfill solution across Bahamas

THE Government plans to “replicate” the New Providence landfill solution across the Bahamas, with a Cabinet Minister urging: “We must stop this ‘dumping in the bush’ culture.”Romauld Ferreira, minister of the environment, told Tribune Business that f

JBLN dominates baseball nationals

THE Bahamas Baseball Federation’s 2017 Grand Bahama Port Authority National Baseball Championships concluded on Sunday at the EMERA Baseball Stadium with the Junior Baseball League of Nassau taking four of the five titles back to New Providence.

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Top female golfers in world tee off Thursday

The fifth Pure Silk/Bahamas LPGA Golf Classic got off to a windy start on Monday with the final two spots being settled to complete the picture for 108 of the world’s best female golfers when they tee off on Thursday.

Crown Land inequity must be addressed

Crown land can be defined as public land. It is a territorial area owned by the state (government) that citizens can access and also have the right to use. In The Bahamas, the controversies surrounding crown land can be divided into two parts: Owners

Clubs and Societies 06262015

Caribbean BBQ Association. - More than 65 interested and eager chefs attended the Nassau Smoking Hot BBQ Training Camp on Wednesday at the College of the Bahamas.

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Bahamas battles for control over $256m FTX properties

A major legal battle was brewing last night for control of $256.3m worth of Bahamian real estate assets as FTX’s local liquidators sought to extract them from Chapter 11 bankruptcy proceedings in the US.

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FTX says ex-official got $1m bonus for permits

An attorney and “former Bahamian government official” was allegedly offered a $1m “bonus” to swiftly obtain the necessary licences so that FTX could move to this nation, it was asserted yesterday.

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BTC negotiator: 'Political risk' now key concern for investors

Foreign developers and lenders are increasingly including ‘political risk’ in their assessments of whether to invest in the Bahamas, a key member of the Government’s BTC negotiating committee conceded yesterday.

GB water rise conflict ‘most fantastic thing’

A Grand Bahama resort operator yesterday said its owners will have to “pay more for the privilege of running a hotel” on the island if proposed water rate increases are ultimately approved.

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Mega resorts disclose ‘bright’ COVID revival

The Bahamas’ two mega resorts yesterday branded their post-COVID recovery as “very bright” with Baha Mar revealing that “business on the books” for early 2022 is ten percent ahead of 2019 levels.