Search results for : Deposits
Mortgage Corp. on brink of 'judgment day'
February 13, 2012
Mortgage Corp. on brink of 'judgment day'
The Bahamas Mortgage Corporation (BMC) is at risk of becoming insolvent, and if it does, it will take the whole country down with it.
Its chairman, Dr. Duane Sands, said for too long Bahamians have viewed the corporation "as a donkey to ride". He revealed to Guardian Business the latest numbers that chart a possible collapse in the housing market.
As of January 2012, Sands reported a sinking fund ...
Who is most at risk for gum disease
April 11, 2023
Who is most at risk for gum disease
Are you at risk of getting periodontal disease? You can determine your risk factors by answering the following questions: How old are you? The risk of attracting gum disease increase as we age. As a result, the majority of people who suffer from gum disease usually falls on people over the age of 40. There ...
The post Who is most at risk for gum disease appeared first on The Nassau Guardian.
The ...
JPLs fire back at FTX US
March 31, 2023
JPLs fire back at FTX US
The joint provisional liquidators (JPLs) overseeing the winding up of cryptocurrency exchange FTX Digital Markets yesterday fired back at FTX's US debtors, who are seeking to strip them of any claim or access to FTX's assets. In a motion filed in Delaware's bankruptcy court, the JPLs argued that the US debtors' adversary proceeding was "abrupt". ...
The post JPLs fire back at FTX US appeared first...
FTX US on the attack
March 21, 2023
FTX US on the attack
The United States (US) debtors for FTX, The Bahamas-based cryptocurrency exchange that imploded last year, have asked a Delaware judge to rule that FTX Digital Markets (DM), the Bahamian arm of the company, has no ownership in FTX's cryptocurrency, intellectual property or customer information.
Prime Minister Philip Davis - Contribution to the Public Finance Management and Public Procurement Bills
March 20, 2023
Prime Minister Philip Davis - Contribution to the Public Finance Management and Public Procurement Bills
Madam Speaker:
Sound financial management principles are a cornerstone of my administration’s efforts to improve the government’s fiscal health. Today, we are here to repeal and replace the Public Finance Management Act 2021.
March 20, 2023
Former Oban chair accused of misappropriating investor funds
The US Securities and Exchange Commission has accused Peter Krieger, the former non-executive chairman of Florida-based Oban Energies, of misappropriating $5.2 million of Oban investor funds between 2017 and 2020.
Meeting with fuel retailers was 'fruitful'
March 15, 2023
Meeting with fuel retailers was 'fruitful'
AFTER meeting with gas retailers on Monday to discuss their concerns amid rising costs, Prime Minister Phillip "Brave" Davis said he believes the discussions with the group were "fruitful" and added he is hopeful that his administration will be able to reach within the next two weeks an amicable solution for the benefit of all.
March 10, 2023
Jetting off to JITG: Nassau Guardian/Star Hits winner opts to pay it forward
Taking in all the action that is JITG will be many Bahamians who are flocking to the City of Miami Gardens for this weekend's festival, courtesy of The Nassau Guardian and Star 106 Hits. Walking away with this year's grand prize - concert tickets for two nights, airfare on Bahamasair, accommodations at Hotel Dello, Dania ...
The post Jetting off to JITG: Nassau Guardian/Star Hits winner opts ...
March 07, 2023
Carbon credit exchange eyeing SCB green light in April
Global environmental asset validator, registry and exchange Capturiant, which has received conditional approval to operate in The Bahamas, is hoping to solve the problems associated with "scandal and inefficiency" that currently exist in the carbon credits market. Capturiant has received conditional approval by the Securities Commission of The Bahamas (SCB) to act as an exchange, ac...
February 28, 2023
Central Bank reports $30 million January decline in external reserves
NASSAU, BAHAMAS- The country's external reserves declined by $30 million in January according to the Central Bank, with outflows increasing by just over 21 percent. The regulator in its monthly economic and financial developments report for January noted that during the review month external reserves reduced by $30 million to $2,564.7 million, although this was [...]
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