Tag: Bahamas
$300M Nassau cruise port grand opening set for May 2023
NASSAU, BAHAMAS — The redeveloped Nassau Cruise Port is scheduled to have its “grand opening” in late May 2023, with just under $300 having been invested in the project according to cruise port executives. Following a tour of the facilities by Prime Minister Philip Davis, Nassau Cruise Port’s chief executive Mike Maura provided updates. […]
DPP: More than 400 guilty pleas over the past five years
NASSAU, BAHAMAS — With growing concern over the slow pace of criminal trials, bail management, and the increasing backlog of cases, data released by the Office of the Director of Public Prosecutions (DPP) has revealed that over the past five years there have been more than 400 guilty pleas entered. Director of Public Prosecutions Garvin […]
Tax revenue collections up nearly 21 percent in October
NASSAU, BAHAMAS — Government saw a nearly 21 percent increase in tax revenue collections for the month of October as domestic economic conditions continued to rebound, according to data released by the Ministry of Finance. The Ministry of Finance, in its monthly fiscal summary report for the month of October, reported that revenue receipts firmed […]
1,500 students to receive pre-primary school vouchers
NASSAU, BAHAMAS — Some 1,500 preschool-aged students are set to receive vouchers to go to private schools, filling the gap from the lack of available space in public schools for three to five-year-olds. Minister of Education Glenys Hanna-Martin announced the universal pre-primary education public-private partnership at a contract signing at the Ministry of Education on […]
Taxi cab union inquires reportedly met with silence from government
NASSAU, BAHAMAS — Taxi cab union president Wesley Ferguson yesterday expressed dissatisfaction over the lack of government response to long-standing issues. “So far the taxi union has gotten no communication from the minister in spite of our numerous attempts to meet with (Minister of Transport, Jobeth Coleby-Davis) her, email, telephone calls, went to the office […]
Bankman-Fried: Bahamian real estate purchases were aimed at luring top Silicon Valley employees
NASSAU, BAHAMAS — Embattled former FTX CEO Sam Bankman-Fried claims that the company’s reported $300 million in Bahamian real estate purchases were aimed at attracting top Silicon Valley employees to The Bahamas. Bankman-Fried denied that he committed fraud and commingled FTX customer funds with his Alameda Research firm during a nearly hour-long interview yesterday. He […]
Liquidators says “significant uncertainty” remains around outcome of FTX Digital Markets proceedings
Liquidators say their work has been hampered by lack of access to company books and records NASSAU, BAHAMAS — The Court appointed joint provisional liquidators for Bahamas-based FTX Digital markets said yesterday that there remains “significant uncertainty” around the outcome of proceedings involving the company, noting that their work has been hampered by a lack […]
