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Volume: 119 No.248, November 18, 2022
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BAHAMAS REBUTS FTX ACCESS CLAIMS Securities Commission given lawful permission to transfer assets to ‘a safer space’ By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net The Securities Commission last night debunked accusations the Government “directed unauthorised access” to FTX’s systems, and aided the withdrawal of digital assets, in violation of Bahamian and US court orders. Tribune Business has seen an emergency Supreme Court Order, dated November 12, 2022, that gave the regulator lawful permission to transfer assets potentially worth millions of dollars from FTX Digital Markets, the failed crypto exchange’s
GREAT COMMISSION MINISTRIES SERVES UP A THANKSGIVING TREAT
Bahamian subsidiary, to “a safer space” amid fears they were about to be stolen by hackers. The Order, by Justice Loren Klein, completely rebuts allegations made by John J. Ray, appointed as FTX’s chief executive in the wake of its Chapter 11 bankruptcy protection filing, that he possesses “credible evidence that the Bahamian government is responsible for directing unauthorised access to the debtors’ [FTX’s] systems for the purpose of obtaining digital assets” held by the exchange on behalf of clients. SEE BUSINESS SECTION
GREAT Commission Ministries hosted a thanksgiving luncheon for scores of people at its Wulff Road headquarters yesterday. The feeding programme, which is celebrating 35 years of ministry and service this year, aimed to feed about 2,000 people yesterday. ‘Singing Bishop’ Lawrence Rolle (inset) is pictured at the event. PHOTOS: Moise Amisial
‘VERY ENCOURAGING’ FIRST QUARTER FISCAL PERFORMANCE THE DRA MAY HAVE TO HELP WITH By LEANDRA ROLLE Tribune Staff Reporter lrolle@tribunemedia.net
FINANCIAL Secretary Simon Wilson yesterday described the nation’s fiscal performance for the first quarter as “very encouraging”, saying while officials see no reason why this positive trajectory can’t continue, they must also
remain cautious due to the possibility of a recession, among other factors. Mr Wilson pointed to increased revenues and decreased expenditure as he provided an overview on the nation’s first quarter performance for the 20222023 fiscal year. “Revenue collections SEE PAGE THREE
MORE HOME REPAIRS AFTER NICOLE By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net
DISASTER Reconstruction Authority Chairman Alex Storr said yesterday it is possible that the DRA may have to help additional homeowners repair homes
as Hurricane Nicole may have exacerbated the challenges for some in Abaco and Grand Bahama. Mr Storr said assessments were continuing on those islands as there were still some people who had not had their homes repaired SEE PAGE FIVE
DORIAN HOUSING ALTERNATIVES ‘WOULD HAVE BEEN A FRACTION OF THE COST’ By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net
DISASTER Reconstruction Authority Chairman Alex Storr said there were several options for temporary housing after Hurricane Dorian, adding that if there had
been practical thought, the results would have the former government spending a “fraction” of the $4.6m it expended on domes in Abaco. DRA financial statements tabled at Parliament show that Brickell Management Group (BMG) SEE PAGE FIVE
LANDING GEAR ISSUES AS PLANE ARRIVES AT LPIA
A PHOTO from social media of the plane after landing.
AN airplane with 20 people on board experienced landing gear issues at Lynden Pindling International Airport yesterday afternoon. According to the Aircraft Accident Investigation Authority, the nose gear of an Embraer E110 aircraft with registration C6-CAB enroute from Haiti collapsed, which resulted in a runway excursion taking place. There have been no reported injuries. The AAIA said investigations are ongoing into the matter.
Nassau & Bahama Islands’ Leading Newspaper
DIANE PHILLIPS:
BEAUTY OF FOREIGN IN ALL OF US SEE PAGE NINE