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Bahamian economy sustained its growth trajectory at a "moderate pace" in Q3, says Central Bank
December 06, 2023
Bahamian economy sustained its growth trajectory at a "moderate pace" in Q3, says Central Bank
NASSAU, BAHAMAS — The Bahamian economy sustained its growth trajectory in the third quarter, although at a "moderate pace," supported by healthy gains in the tourism segment and several small to medium-scale foreign direct investment projects, according to the Central Bank. The Preliminary indications are that during the third quarter of 2023, the Bahamian economy [...]
November 03, 2023
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.
Man denies killing woman
October 05, 2023
Man denies killing woman
A murder suspect denied killing a woman whom he described as his sexual partner, a Supreme Court jury heard yesterday. Cameron Vincent is on trial for the murder of 18-year-old Altarnika Young on August 11, 2013. She was found strangled in bushes near the St. Augustine's College Monastery. DNA evidence presented in the trial showed that ...
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September 29, 2023
FNM claims Saudi loan agreement signed contrary to law
The Free National Movement (FNM) released a statement yesterday claiming the Progressive Liberal Party (PLP) government broke the law after Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper signed a $70 million loan agreement with the Saudi Fund for Development (SFD) on Wednesday while in Saudi Arabia.
More tar balls found on GB beaches
September 26, 2023
More tar balls found on GB beaches
Lumps of a hardened, tar-like substance are still being discovered on beaches in East Grand Bahama. The Department of Environmental Planning and Protection (DEPP) has not determined the source of similar blobs found in August. Last month, reports and photos of oil and tar-like blobs on the feet of beach walkers taking their early morning ...
The post More tar balls found on GB beaches appeare...
September 22, 2023
Local business owner takes aircraft ownership dispute with FTX to US bankruptcy court
NASSAU, BAHAMAS — A prominent Bahamian businessman and charter flight operator is seeking a US bankruptcy court ruling that clarifies the ownership status of two aircraft acquired through financing from FTX via a 'handshake' agreement with its embattled founder Sam Bankman-Fried. Island Air Capital (IAC), owned by Paul Aranha, has filed for relief from the [...]
September 19, 2023
"MORE THAN SUFFICIENT EVIDENCE" to shutter ArawakX, Securities Commission says
NASSAU, BAHAMAS — The Securities Commission is asserting that there is "more than sufficient evidence" to justify the winding-up of the country's first crowdfunding platform ArawakX, citing its concerns over the company's solvency as well as alleged governance irregularities and regulatory breaches. In a statement Monday evening, the regulator noted that on Friday September 15th, [...]
'Jazz' hits two grand slams
September 18, 2023
'Jazz' hits two grand slams
The Miami Marlins have two grand slam home runs this season and Bahamian Jasrado 'Jazz' Chisholm Jr. has both of them, with both coming in the last two days against the Atlanta Braves. Chisholm hit a four-run four-bagger for the second day in a row on Sunday, and the Marlins slammed the Braves for the second day in ...
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Archer running for vice president at BOC elections
September 14, 2023
Archer running for vice president at BOC elections
The track and field community in The Bahamas is throwing its support behind Drumeco Archer in hopes of having some representation on the new executive board of the Bahamas Olympic Committee (BOC). The election of officers is set for this Saturday at 7 p.m. inside the Paul Farquharson Building at the Royal Bahamas Police Force (RBPF) Headquarters. For ...
The post Archer running for ...
September 08, 2023
Fidelity to bring banking back to some Family Islands, if Exuma pilot is successful
Fidelity Bank Bahamas Ltd. is eyeing the establishment of representative branches on Eleuthera, Long Island and possibly Andros, if its Exuma pilot program performs as envisioned, the bank's Chief Executive Officer Gowon Bowe said yesterday.
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