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FTX Bahamas put into full liquidation

The Supreme Court has approved FTX’s Bahamian subsidiary being placed into full judicial-supervised liquidation on the basis that it is just and equitable to do so.

Sam Bankman-Fried ‘wants to be heard’ in FTX Bahamas wind-up

FTX’s founder says he “wishes to be heard” at today’s Supreme Court hearing on the winding-up petition intended to place the crypto exchange’s Bahamian subsidiary into full liquidation.

Water Corp ‘pursuing’ capital works finance

The Water and Sewerage Corporation plans to pursue loan and financing programmes to fund capital works throughout The Bahamas after completing its corporate business plan, it was revealed yesterday.

Water Corp unveils AI leaks detection

The Water and Sewerage Corporation yesterday unveiled artificial intelligence (AI) technology that it plans to deploy to detect leaks.

Student Spotlight

Rachea Fernander, pictured top, is a ninth grade student at LW Young Jr High School and was awarded the position of deputy head girl during their recent prefect instillation ceremony.

LW Young chooses its head boy and girl

LW Young Junior High School held its student leader’s prefect instillation ceremony last week and appointed 38 students as prefects for the duration of the school year.

‘Big step forward’: $80m Bimini airport overhaul

The Prime Minister has hailed the upcoming $80m investment in Bimini’s airport by a private consortium as “a big step forward” in boosting both tourism plus entrepreneurial and job opportunities.

Two accused of $1.4m theft from security car at airport

TWO men accused of stealing more than $1m from a bank security car at an airport last week were in court yesterday - where they were each granted $250,000 bail.

‘UP WAGE TO $350 - OR RISK STRIKES’: Unions agree to take vote as the call for minimum pay raise

A labour leader yesterday called for a further minimum wage hike to $350 per week by June 2024 as he revealed that multiple trade unions have agreed to each “take a strike vote”.

Bahamas must target 70% cruise visitor ratio

A well-known hotelier says The Bahamas must do a better job on cruise passenger “conversion” and increasing the number of resort rooms if it is to maximise tourism’s economic benefits.

‘Value for money’ fears on 100% light bill rises

A senior hotelier says The Bahamas must deliver “value for money” to hit projected tourism growth levels after 100 percent light bill increases sparked fresh cost of doing business concerns.

FTX founder Sam-Bankman-Fried convicted of defrauding cryptocurrency customers

FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president — hit a new bottom Thursday when a New York jury convicted him of fraud in a scheme that cheated customers and investors of at least $10 billion.

National Sports Awards Saturday

SPORTS Heritage Month began on Wednesday and among the event’s sporting festivities will be the National Sports Awards slated for tomorrow evening.

‘Building Holistic Champions’

WHILE they will prepare to hold their fourth annual Motivational, Health & Wellness Seminar for their athletes this weekend, the Red-Line Athletics Track Club hosted a course for their coaches and management team.

ALICIA WALLACE: Progress needed as lines blurred for domestic and care workers

SUNDAY, October 29, was the first International Day of Care, declared by the General Assembly of the United Nations.

Dismissed worker wins just under $2,000 of the more than $50,000 he sued Ministry of Tourism for

CHIEF Justice Ian Winder ruled that the government pay $1,963.19 to a former Ministry of Tourism contract worker, far less than the more than $50,000 the man sought.

PM denies FTX gave Heat ‘court side’ seats

The Prime Minister’s spokesman last night refuted claims he received free “court-side seat” tickets from FTX and other hospitality perks in attending a Miami Heat basketball game.

BHTA golf tournament resumes at Royal Blue

THE Bahamas Hotel and Tourism Association (BHTA) “resumed play” as the organisation brought back its immensely popular Annual “Spooktacular Golf Tournament” at the behest of players and corporate sponsors - after a three-year hiatus.

Girls’ softball field of dreams dedicated at SAC in memory of the late Charlotte Pyfrom

IN the midst of their quest for another successful Bahamas Association of Independent Secondary Schools campaign, the Big Red Machine kept the memory of deceased former head of department Charlotte Pyfrom alive with the dedication of its girls’ softball Field of Dreams at St Augustine’s College.

Some PLP’s hearing voices?

It has been written that: ‘Whom the gods wish to destroy, they first make mad.’ This bold and provocative quote has caused many persons to act out of the box, across the board. There are others who remind me of the fabled Don Quixote, the deluded hero and protagonist of a novel by a Spanish author hundreds of years ago. He was accompanied by his faithful valet called Sanchez.

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