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Our country is crumbling

EDITOR, The Tribune.

Roberts joins BPF board

Bahamas Property Fund (BPF) Limited Chairman Michael Anderson has announced the appointment of Larry Roberts as a Director of the Company effective September 2.Mr Anderson noted that Mr Roberts brings a wealth of experience to BPF as his real estate

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‘No Bahamas slowdown’ from crypto winter freeze

The Bahamas’ top digital assets regulator says there has been no slowdown in applications to do business from this jurisdiction despite the collapse in global cryptocurrency valuations, and is predicting that interest will only increase.

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WORLD VIEW: Kenya’s President wants ‘steadfast leadership’ by Commonwealth Secretariat

IT is good to see the President of Kenya, Uhuru Kenyatta, has nominated his Cabinet Secretary for Defence, Monica Juma, for the post of Commonwealth Secretary-General.

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China’s quantum satellite a major step in space race

CHINA’S launch of the first quantum satellite last week will push forward efforts to develop the ability to send communications that cannot be penetrated by hackers, experts said.

Bahamas gains $10m Saudi 'incubation' loan

The Deputy Prime Minister yesterday revealed that The Bahamas has secured a $10m loan from Saudi Arabia to finance the development of so-called "incubation centres" for tourism start-ups and small businesses.

China diplomat attacks U.S. ‘abuse’ of power

CHINA’s embassy in Nassau has accused the United States of “abusing” its power through a decision that prohibits American embassies from doing business with companies that use equipment manufactured by some Chinese manufacturers.

BISX's share index doubles growth rate

The Bahamas International Securities Exchange’s (BISX) All-Share Index more than-doubled its growth rate last year compared to 2018, it was confirmed yesterday.The Index, which only measures share price movements among BISX-listed equity stocks and e

Capital outlook for the markets

This article was first published in The Bahamas Investor and thebahamasinvestor.com. Reproduced with permission Etienne Dupuch Jr Publications.

Top cruise port operator eyes Nassau takeover

The world’s largest cruise port operator is in talks with the Government to take over management and operations at downtown Nassau’s Prince George Wharf.The approach by UK-based Global Ports Holding was confirmed by its potential joint venture partne

Broker: 'Business grows' despite harassing SEC

A BAHAMIAN broker/dealer’s principal yesterday said “business keeps growing” despite continued “harassment” by US regulators, who claim his local activities give “daily opportunities” to violate the law.Guy Gentile, head of Swiss-America Securities,

GB law firm gains shipping honours

A Grand Bahama-based law firm has been named as Lawyers World Global’s shipping and maritime law firm of the year for The Bahamas under their global awards category. “It’s a humbling honour to be recognised globally by an organisation like Lawyers W

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Cruise ship’s ‘arrest’ sparks $25m battle

A Bahamian shipping agent is fighting to overturn a $25m “default judgment” stemming from the earlier “arrest” of a major cruise ship that brings thousands of visitors to this nation annually.

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Bahamas broker’s clients: ‘We’ll be left with nothing’

Deloitte & Touche liquidators and their attorneys have been awarded over $1m in costs despite clients of a collapsed Bahamas broker/dealer voicing fears this payment leaves nothing for them to recover.

Bahamas ‘in good place’ on automatic exchange

Developing a regime to comply with global automatic tax information exchange standards was yesterday branded “the immediate priority” for the Bahamian financial services industry, a senior executive adding: “We’re in a good place.”

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Pintard warns BPL fuel subsidy plan ‘not lawful’

The Opposition’s leader last night said it would be illegal for the Government to directly subsidise Bahamas Power & Light’s (BPL) fuel costs after a Cabinet minister reiterated this is the only way to prevent higher electricity costs.

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WORLD VIEW – Oceans: Do Caribbean countries sink or swim?

THE peoples of small island states and coastal communities have long relied on the ocean for a multitude of benefits, including recreation, the delivery of goods and tourists, and a vital source of food through fishing. However, all these benefits, and much more, are currently under grave threat due to climate change, global warming, and sea-level rise. The damage is already taking its toll, imperceptibly but steadily, and it is crucial that we take action to preserve and develop the economic opportunities that the sea around us holds.

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Governor: $2bn reserves enough to overcome virus

The Central Bank’s governor yesterday reassured that $2bn in external reserves are enough to meet The Bahamas’ foreign currency needs despite the “major reduction” projected due to the virus.John Rolle, in e-mailed replies to Tribune Business questio

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Regulator ‘freezes’ FTX and sends in liquidator

Regulators yesterday moved to protect clients of The Bahamas’ flagship crypto currency investor by “freezing” its assets, and seizing control of the company, amid reports it acquired $74m in local real estate this year alone.

Bahamas is exploring 'debt for nature' swap

The Government is exploring a "debt-for-nature swap" with the Inter-American Development Bank (IDB) that could result in at portion of its $11.2bn national debt being forgiven, the Prime Minister said yesterday.