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Bahamas

US judge approves FTX proposal for sale of high-end Bahamian properties

A Delaware judge has approved the sale of $222 million worth of luxury Bahamian real estate once owned by the collapsed cryptocurrency exchange FTX. Judge...

Bahamas | Central Bank Governor affirms positive impact of fixed exchange rate policy on price stability

The Bahamas’ fixed exchange rate policy, pegging the Bahamian dollar one-to-one with the US dollar, has been pivotal in fostering positive outcomes in price...

Bahamas | BSGC secures access to $200 million to-date for infrastructure projects

The Bahamas Striping Group of Companies has to date secured $200 million from local, regional, and international capital markets, as well as private lenders,...

Bahamas & Kenya formally establish diplomatic ties

The Governments of The Bahamas and Kenya have signed a communique to formalise their diplomatic relations. The communique was signed yesterday by the Bahamian Minister...

Bahamas Central Bank relaxes lending rules for residential mortgages

The Central Bank of The Bahamas (CBTB) says it is relaxing the guidelines for domestic banks and credit unions on the minimum equity injection...

Bahamas | Foreign currency outflows see $70 million contraction in November year-over-year

Foreign currency outflows saw a $70 million contraction during November relative to the same period in 2022, according to the Central Bank, with transactions...

Bahamas | Sand Dollars in circulation increase to $1.46 million

The volume of the Sand Dollar digital currency in circulation increased to $1.46 million as of November, representing an approximately 40 percent increase over...

FTX Trading Ltd reaches global settlement agreement with Bahamian liquidators

NASSAU, BAHAMAS — FTX Trading Ltd has announced that it has successfully reached a settlement with the official liquidators overseeing the bankruptcy proceedings of...

Bahamian economy sustained its growth trajectory at a “moderate pace” in Q3, says Central Bank

The Bahamian economy sustained its growth trajectory in the third quarter, although at a “moderate pace,” supported by healthy gains in the tourism segment...

Bahamas | PM: Bahamians need to lead in tourism industry, not just participate

Prime Minister Philip Davis yesterday underscored the need for Bahamians to transition from more participation in the country’s tourism sector to actively leading it,...

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