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AG: ‘No go’ for $100m FTX Bahamian returns
The Attorney General last night denied that he or any government official gave permission for FTX’s now-arrested founder to violate a freeze order by returning $100m in assets to 1,500 purported “Bahamian” clients.
Major Jr, Bain face off with top tennis players in world
IT was a rare opportunity when high school sensation Michael Major Jr and collegian Jacobi Bain got to play against some of the top tennis players in the world at home.
RIP: BACO members are laid to rest
IT was an unusual Saturday for members of the Bahamas Association of Certified Officials.
Fair share: Hotel rental unit tax not in effect yet
A key Budget measure designed to ensure hotel rental pool units pay their fair share of taxation has yet to be implemented amid the wait for legislation to give it lawful effect.
Eugene Duffy
Thank you for your wonderful tribute to my friend and colleague over very many years, Eugene Duffy. You’ve very much captured the essence of the man.
‘Disappointed’ in Eleuthera water firm
WATER and Sewerage chairman Sylvanus Petty expressed his disappointment with Aqua Design, the company contracted by the government to provide water to Central Eleuthera due to the repeated disruptions in supply.
Bahamian bank, chair under US senate scrutiny on FTX
A Bahamian bank and trust company, and its chairman, are coming under increasing scrutiny by US senators over their links to FTX and other entities owned by the collapsed crypto currency exchange’s founder, Sam Bankman-Fried.
Congresswoman says FTX subpoena ‘on the table’
US HOUSE Financial Services chair Maxine Waters dispelled reports that she is not willing to subpoena former FTX CEO Sam Bankman-Fried, stating that it is “definitely on the table”.
Implications of Warnock’s Georgia win
The much anticipated run-off in the Georgia Senate race has been completed, and the Democratic Party incumbent Raphael Warnock has won, giving his party a 51-vote majority in the Senate.
FNM chairman queries FTX chief’s local status
The Government should begin examining “in a very deliberate fashion” the immigration status held by embattled FTX chief, Sam Bankman-Fried, and his close associates, the FNM chairman said yesterday.
Judge rejects ex-minister’s ‘boutique resort’ evidence
A Supreme Court judge has rejected evidence from a former Cabinet minister alleging that a Staniel Cay homeowner “circumvented” environmental requirements in constructing a property “typical of of a boutique hotel”.
EDITORIAL: Items left on the govt’s to-do list this year
AS WE head towards Christmas, government seems to be more stumbling rather than sprinting towards the year’s finishing line.
Staniel Cay owner to seek ‘major damages’ over halt
A Staniel Cay homeowner yesterday said he is “ready for anything” and plans to seek “significant damages” from fellow residents after the Judicial Review challenge to his property’s construction was dismissed.
Halkitis: Food retailers are expected to comply
ECONOMIC Affairs Minister Michael Halkitis said yesterday the government fully expects food retailers to comply with its new price control regulations and that it intends to enforce the law against operators who refuse to implement the changes.
CHRISTMAS SHOWDOWN – Roberts: Price Control backed off after festive season shutdown threat
Super Value’s principal yesterday disclosed Price Control “backed off” seizing vast quantities of product when warned of pre-Christmas store shutdowns, telling the Government: “We don’t want war, and you don’t want war.”
Criteria for Legends Walk of Fame under scrutiny
THE criteria and selection process for the National Walk of Fame has recently come under scrutiny following the latest additions to the list of honourees.
Bimini ‘diamond in rough’ in $10m transformation
A well-known Bimini condo hotel has closed for a $10m overhaul that will near-triple existing marina slips and “polish a diamond in the rough”, its developer revealed yesterday.
Atlantis beats revenue goals, targets ‘strong’ 2023 first half
Atlantis continues to beat its revenue targets and is predicting a strong 2023 first half, a senior executive has revealed, with the wider resort industry bracing for 90 percent-plus occupancies over the Christmas and New Year period.
‘Headroom for growth’: Tourism forecast to hit regional average
A senior hotelier yesterday said The Bahamas “still has some headroom for tourism growth” post-COVID amid forecasts its annual expansion rate will merely match the Caribbean average for the next decade.